SOUTH BAY HOTEL EMPLOYEES RESTAURANT EMPLOYEES WELFARE TRUST FUND

EIN: 946080365

SEATTLE, WA

Total Revenue
$31,509,027
Total Expenses
$30,553,242
Total Assets
$50,164,513
Net Assets
$40,762,761
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
CA
Principal Officer
ENRIQUE FERNANDEZ
Phone
2064417574
Tax Period
2023-01-01 to 2023-12-31

SOUTH BAY HOTEL EMPLOYEES RESTAURANT EMPLOYEES WELFARE TRUST FUND, founded in 1958, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2023. Expenses of $30.6M left a modest 3% surplus.

Mission

TO PROVIDE MEDICAL, LIFE, DENTAL, VISION, PRESCRIPTION DRUG, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDED MEDICAL, LIFE, DENTAL, VISION, PRESCRIPTION DRUG, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $30,691,457
Investment Income $817,570
Other Revenue $0
TOTAL REVENUE $31,509,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,046,040
TOTAL EXPENSES $30,553,242

Year-over-Year Comparison

2023 2022 Change
Revenue $31,509,027 $30,354,760 +0.0%
Expenses $30,553,242 $26,423,415 +0.2%
Net Income $955,785 $3,931,345 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANYA FLEMING TRUSTEE 0.5
Director
$0 $0 $0
john southwell trustee-secretary 0.5
Officer Director
$0 $0 $0
Sarah Julian trustee 0.5
Director
$0 $0 $0
enrique fernandez TRustee-chairman 0.5
Officer Director
$0 $0 $0
rosa rodriguez trustee 0.5
Director
$0 $0 $0
SARAH McDERMOTT ALTERNATE 0.5
Director
$0 $0 $0
Raquel Alvarez Trustee 0.5
Director
$0 $0 $0
JIM BEARD Trustee 0.5
Director
$0 $0 $0
JIMMY SARFRAZ TRUSTEE 0.5
Director
$0 $0 $0
seE SCHEDULE O FOR COMPENSATION pAID BY RELATED ORGANIZATIONS 0.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $31,509,027 $30,553,242 $50,164,513 $955,785
2022 $30,354,760 $26,423,415 $45,665,439 $3,931,345
2021 $31,588,354 $26,927,689 $47,078,146 $4,660,665
2020 $27,147,139 $34,295,654 $41,565,649 $-7,148,515
2019 $38,217,774 $33,828,138 $49,283,862 $4,389,636
2018 $38,556,674 $28,838,065 $40,322,405 $9,718,609
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