Washington Alliance For Healthcare Insurance Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 916442222 ✦ Mukilteo, WA ✦ Designated as a 501(c)(9)

Overview

What is Washington Alliance For Healthcare Insurance Trust?

Washington Alliance For Healthcare Insurance Trust is a nonprofit organization headquartered in Mukilteo, Washington. Established with the primary goal of holding insurance policies, it enables participating employers to offer health and other insurance benefits under their employee benefit plans. The Trust's mission is to ensure qualified health and welfare benefits are accessible to participants and their dependents. Through this arrangement, employers can enhance their employee offerings and promote overall wellbeing.


Official website here: www.wahit.com

Is Washington Alliance For Healthcare Insurance Trust legitimate?

Washington Alliance For Healthcare Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washington Alliance For Healthcare Insurance Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wahit.com

What is the mission statement of Washington Alliance For Healthcare Insurance Trust?

The Washington Alliance For Healthcare Insurance Trust is dedicated to offering health and welfare benefits for the advantage of participating employers and their dependents. The Trust was established as a vehicle for employers to provide comprehensive insurance coverage for their employees through the holding of insurance policies. Its primary mission is to serve as a beneficial intermediary, ensuring that participants have access to essential health and wellbeing programs. The Trust's activities focus on managing and administering insurance policies on behalf of employers to deliver insurance benefits that enhance the overall well-being of their workforce.


Official website here: www.wahit.com

Who is the CEO of Washington Alliance For Healthcare Insurance Trust?

Richard A Ekman is the Trustee of Washington Alliance For Healthcare Insurance Trust.


Official website here: www.wahit.com

What is the revenue of Washington Alliance For Healthcare Insurance Trust?

Washington Alliance For Healthcare Insurance Trust's revenue in 2022 was $15,858,943.


Official website here: www.wahit.com

Who are the executives of Washington Alliance For Healthcare Insurance Trust and what are their salaries?

There is 1 key member and their salary:

    Richard A Ekman (Trustee)
  • Compensation: $36,000
  • Related: $0
  • Other: $0


  • Official website here: www.wahit.com

    Where can I find the form 990 for Washington Alliance For Healthcare Insurance Trust?

    The Washington Alliance For Healthcare Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wahit.com

    Learn more at the official website: www.wahit.com

    Mission Statement of Washington Alliance For Healthcare Insurance Trust

    Washington Alliance for Healthcare Insurance Trust, or WAHT, is a mission-driven organization that aims to extend health and welfare benefits to the participants it represents. Established as a trust, WAHT holds insurance policies that enable participating employers to offer comprehensive benefit plans to their employees and dependents as part of their employee benefit programs.

    In simple terms, WAHT acts as an intermediary, assuming the role of managing the insurance policies on behalf of its employer partners. By doing so, it ensures that the participating employers can effectively provide their workforce with essential health and welfare benefits. This arrangement empowers employers to enhance their employee benefits packages without the need to directly handle the complexities of insurance management.

    The Trust's primary objective is to deliver health and welfare benefits to the participants and their dependents. This commitment is made in the best interests of the employers and the individuals they employ, ensuring that a wide range of coverage options are accessible and affordable. With WAHT's support, employers can focus on their core business functions while trusting that their employees' wellbeing is being adequately addressed.

    Impact

    This information is meant to be a general summary of Washington Alliance For Healthcare Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Washington Alliance For Healthcare Insurance Trust's impact is significant as it provides qualified health and welfare benefits to participants, ultimately ensuring that employees and their dependents have access to essential healthcare services. By holding insurance policies for participating employers, the Trust enables these organizations to offer comprehensive programs of health and other insurance benefits to their workforce. This contributes to the overall well-being and security of individuals and families by facilitating access to necessary healthcare coverage.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $168,227
  • Program Service Revenue: $15,685,716
  • Gross Receipts: $18,154,452

    • Assets and Liabilities:
  • Total Assets: $2,793,878
  • Total Liabilities: $853,955
  • Net Assets: $1,939,923
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Employer contributions, net

    Revenue

    $15,614,514

    Participant contributions, net

    Revenue

    $71,202

    Organization Details

    Founding Year

    1997

    Principal Officer

    Richard A Ekman

    Main Address

    PO Box 6, Mukilteo, WA, 98275

    NTEE Category

    Code: Y43 - Mutual benefit

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