Civic Intelligence

The Bledsoe Health Trust

EIN 93-0478837 • 501(c)9 • Seattle, WA

Profile

Organizations's mission is to provide health benefits to eligible active participants and their covered dependents. The plan also provides health benefits to self-pay participants and retirees for which a contribution is received.

2323 Eastlake Ave ESeattle, WA 98102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.07x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.24x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Asset Growth

59th percentile

9.0%

Faster asset growth than 59% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

28th percentile

0.5%

Faster revenue growth than 28% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$151,777,312

Up $4,654,038 (+3.2%) from 2022

Liabilities

Down

$10,712,047

Down $2,145,384 (-17%) from 2022

Net Assets

Up

$141,065,265

Up $6,799,422 (+5.1%) from 2022

Revenue

Down

$51,212,014

Down $7,640,706 (-13%) from 2022

Expenses

Down

$40,958,005

Down $11,339,640 (-22%) from 2022

Net Income

Up

$10,254,009

Up $3,698,934 (+56%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $133,762,629Liabilities 2010: $17,279,166Net Assets 2010: $116,483,4632010Assets 2011: $141,930,024Liabilities 2011: $16,625,292Net Assets 2011: $125,304,7322011Assets 2012: $129,430,779Liabilities 2012: $16,809,077Net Assets 2012: $112,621,7022012Assets 2013: $134,965,520Liabilities 2013: $15,577,738Net Assets 2013: $119,387,7822013Assets 2014: $132,153,281Liabilities 2014: $15,505,548Net Assets 2014: $116,647,7332014Assets 2015: $121,369,799Liabilities 2015: $14,666,410Net Assets 2015: $106,703,3892015Assets 2016: $111,734,878Liabilities 2016: $13,591,665Net Assets 2016: $98,143,2132016Assets 2017: $111,831,975Liabilities 2017: $13,667,697Net Assets 2017: $98,164,2782017Assets 2018: $112,963,632Liabilities 2018: $12,123,588Net Assets 2018: $100,840,0442018Assets 2019: $120,135,267Liabilities 2019: $11,462,995Net Assets 2019: $108,672,2722019Assets 2020: $127,425,284Liabilities 2020: $11,899,488Net Assets 2020: $115,525,7962020Assets 2021: $152,540,321Liabilities 2021: $12,666,345Net Assets 2021: $139,873,9762021Assets 2022: $147,123,274Liabilities 2022: $12,857,431Net Assets 2022: $134,265,8432022Assets 2023: $151,777,312Liabilities 2023: $10,712,047Net Assets 2023: $141,065,2652023

Highlighted filing

2023

Assets$151,777,312
Liabilities$10,712,047
Net Assets$141,065,265

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $63,433,8812010Expenses 2011: $56,002,6062011Expenses 2012: $59,623,9282012Expenses 2013: $52,533,5742013Revenue 2014: $52,415,409Expenses 2014: $57,549,109Net Income 2014: -$5,133,7002014Revenue 2015: $54,539,626Expenses 2015: $58,710,828Net Income 2015: -$4,171,2022015Revenue 2016: $50,917,312Expenses 2016: $53,732,283Net Income 2016: -$2,814,9712016Revenue 2017: $52,956,095Expenses 2017: $57,037,638Net Income 2017: -$4,081,5432017Revenue 2018: $55,968,480Expenses 2018: $53,490,024Net Income 2018: $2,478,4562018Revenue 2019: $61,128,910Expenses 2019: $52,144,135Net Income 2019: $8,984,7752019Revenue 2020: $60,698,025Expenses 2020: $52,878,568Net Income 2020: $7,819,4572020Revenue 2021: $58,672,183Expenses 2021: $47,403,918Net Income 2021: $11,268,2652021Revenue 2022: $58,852,720Expenses 2022: $52,297,645Net Income 2022: $6,555,0752022Revenue 2023: $51,212,014Expenses 2023: $40,958,005Net Income 2023: $10,254,0092023

Highlighted filing

2023

Revenue$51,212,014
Expenses$40,958,005
Net Income$10,254,009

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$152$10.7$141$51.2$41.0$10.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$12.9$134$58.9$52.3$6.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$153$12.7$140$58.7$47.4$11.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$11.9$116$60.7$52.9$7.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$11.5$109$61.1$52.1$8.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$12.1$101$56.0$53.5$2.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$13.7$98.2$53.0$57.0$4.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$13.6$98.1$50.9$53.7$2.81
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$121$14.7$107$54.5$58.7$4.17
2014Summary only. Only limited summary data is available for this year.$132$15.5$117$52.4$57.5$5.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$15.6$119$52.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$16.8$113$59.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$16.6$125$56.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$17.3$116$63.4
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Apr 17, 2023
Return Version
2021v4.2
Gross Receipts
$65,447,256
Mission and Program Overview

Mission

Organizations's mission is to provide health benefits to eligible active participants and their covered dependents. The plan also provides health benefits to self-pay participants and retirees for which a contribution is received.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$139,873,976$134,265,843▼ $5,608,133
Investments in Publicly Traded Securities$124,303,824$114,286,862▼ $10,016,962
Investments Other Securities$20,606,656$26,407,174▲ $5,800,518
Accounts Receivable$5,263,233$4,106,862▼ $1,156,371
Savings and Temporary Cash Investments$1,373,365$1,306,380▼ $66,985
Prepaid Expenses and Deferred Charges$1,023,681$1,023,842▲ $161
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-30,438$-7,846▲ $22,592
Total Assets$152,540,321$147,123,274▼ $5,417,047
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$12,548,000$12,749,500▲ $201,500
Accounts Payable and Accrued Expenses$118,345$107,931▼ $10,414
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,666,345$12,857,431▲ $191,086
Net Assets / Fund Balance
Total Net Assets Fund Balance$139,873,976$134,265,843▼ $5,608,133
Total Liabilities and Net Assets / Fund Balance$152,540,321$147,123,274▼ $5,417,047
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul MarksAlternate Trustee
Ray CalicaAlternate Trustee
Daniel SilvermanTrustee
Dayna ErnerTrustee
James GleasonTrustee
Jerry KingTrustee
Kellye T WiseTrustee
Rodger M GlosTrustee
Todd GorhamTrustee
Tony HadleyTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Regence Bluecross Blueshield Of OreClaims AdminPO Box 1271, Portland, OR 97207$2,458,845
Northwest Administrators INCThird-party Admin2323 EASTLAKE AVE E, Seattle, WA 98102$556,117
Express Scripts INCClaims Admin225 SUMMIT AVENUE, Montvale, NJ 07645$147,486
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$54,682,740
Investment Income
$4,117,530
Other Revenue
$52,450
Change in Net Assets
$6,555,075

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,852,720
Revenue Not Reported on Form 990
$-12,163,208
Total Revenue per Audited Statements
$46,689,512
Total Revenue per Form 990
$58,852,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,130,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$51,167,065
Fees for Services Management---$546,548
Fees for Services Other---$212,786
Office Expenses---$98,320
Fees for Services Legal---$88,240
Fees for Services Accounting---$65,920
Fees for Service Investment Mgmnt Fees---$41,260
Insurance---$39,575
Information Technology---$9,568
Travel---$8,719
Other Expenses---$1,671
Total Functional Expenses$0$0$0$52,297,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$52,297,645
Expenses per Audited Statements$52,096,145
Total Expenses per Audited Statements$52,096,145
Expenses Not Reported on Financial Statements$201,500
Other Expense Adjustments$201,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$12,749,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, LINE 11B:

Form 990 is reviewed by the administrative office prior to being filed. The administrative office notifies the board of trustees of unusual or significant items, if noted.

PART VI, LINE 12C:

Trustees are required to notify the trust of any changes in interests that could give rise to conflicts.

PART VI, LINE 19:

The plan's governing documents, conflict of interest policy and financial statements are maintained at the administrative office and are available upon request.

PART VII - SECTION A:

Members of the board of trustees serve for no compensation. Compensation paid to trustees by their employers is reported on the employers' annual tax filings. This information is unkown to the plan administrator.

Filing and Contact Details

Filer

Filer Name
The Bledsoe Health Trust
EIN
93-0478837
In Care Of
% GARTH FISHER
Phone
2063294900
Address
2323 EASTLAKE AVE E, SEATTLE, WA 98102

Signing Officer

Name
Rodger Glos
Title
Trustee
Phone
2063294900
Signed
2023-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodger M Glos
Formed
1959
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
600 STEWART ST STE 618, SEATTLE, WA 98101-1261
Preparer
Catalina Kirby
Phone
2065963930
Supplemental Narrative

Additional Explanations

PART I, LINE 1:

To provide health benefits to eligible active participants and their covered dependents. The plan also provides health benefits to self-pay participants and retirees for which a contribution is received.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The plan is subject to routine audits by jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XII, LINE 4B:

Change in benefit obligations.

Raw XML AppendixShowing 400 of 519 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4ALTERNATE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7ALTERNATE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/MissionDesc0ORGANIZATIONS'S MISSION IS TO PROVIDE HEALTH BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES HEALTH BENEFITS TO SELF-PAY PARTICIPANTS AND RETIREES FOR WHICH A CONTRIBUTION IS RECEIVED.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
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IRS990/OtherExpensesGrp/Desc1WAPAL ASSESSMENT
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IRS990/OtherLiabilitiesGrp/BOYAmt012548000
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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFIT OBLIGATIONS
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IRS990ScheduleD/RevenueSubtotalAmt058852720
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN A TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAX AUTHORITY. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFIT OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B:
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
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IRS990ScheduleD/TotalRevenuePerForm990Amt058852720
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt052096145
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE HEALTH BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES HEALTH BENEFITS TO SELF-PAY PARTICIPANTS AND RETIREES FOR WHICH A CONTRIBUTION IS RECEIVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE ADMINISTRATIVE OFFICE PRIOR TO BEING FILED. THE ADMINISTRATIVE OFFICE NOTIFIES THE BOARD OF TRUSTEES OF UNUSUAL OR SIGNIFICANT ITEMS, IF NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES ARE REQUIRED TO NOTIFY THE TRUST OF ANY CHANGES IN INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE ADMINISTRATIVE OFFICE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF THE BOARD OF TRUSTEES SERVE FOR NO COMPENSATION. COMPENSATION PAID TO TRUSTEES BY THEIR EMPLOYERS IS REPORTED ON THE EMPLOYERS' ANNUAL TAX FILINGS. THIS INFORMATION IS UNKOWN TO THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VII - SECTION A:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0na
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0see supplemental information
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0na
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0see supplemental information
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CIC-TOC PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LUMBER INDUSTRY PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CIC DEFINED CONTRIBUTION RETIREMENT PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3CARPENTERS INDUSTRIAL COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0456909074
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1456909074
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2456909074
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3421693707
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt01.401-1(B)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt11.401-1(B)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt21.401-1(B)3

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