Voluntary Employees Benefit Association Trust For Public is a 501(c)(9) organization based in Spokane, Washington, registered in 1984, with $129,366,966 in FY2024 revenue. CharityIndex grades it A.
Revenue (FY2024)
$129.4M
▲ 15.3% vs prior year
Membership median: $185K
Expenses (FY2024)
$90.6M
Net assets
$649.0M
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Voluntary Employees Benefit Association Trust For Public— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Voluntary Employees Benefit Association Trust For Public: 86 mo reserves · +30% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Voluntary Employees Benefit Association Trust For Public: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Voluntary Employees Benefit Association Trust For Public: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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The veba trust provides high-quality, tax advantaged health reimbursement plans for public employees in washington.
Revenue grew from $58.5M (FY2013) to $129.4M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
30.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$651.2M
Total liabilities
$2.2M
Net assets
$649.0M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $129,366,966▲15.3% | $90,593,735▲10.0% | $649,019,822▲11.9% | $651,176,790▲11.7% | 990 |
| 2023 | $112,196,106▲10.8% | $82,385,972▲5.7% | $580,233,269▲12.3% | $583,199,907▲12.4% | 990 |
| 2022 | $101,284,536▼9.9% | $77,922,325▲6.7% | $516,640,550▲10.8% | $518,950,704▲10.8% | 990 |
| 2021 | $112,351,417▼18.3% | $73,041,112▲10.1% | $466,191,043▼4.8% | $468,576,735▼4.7% | 990 |
| 2020 | $137,599,743▲31.4% | $66,327,327▲19.2% | $489,524,597▲22.4% | $491,736,019▲22.4% | 990 |
| 2019 | $104,739,555▲27.1% | $55,655,865▲5.9% | $400,087,533▲16.9% | $401,674,646▲15.7% | 990 |
| 2018 | $82,405,215▲14.1% | $52,567,987▲6.3% | $342,362,736▲10.4% | $347,076,174▲10.3% | 990 |
| 2017 | $72,217,507▲13.1% | $49,472,458▲7.5% | $310,000,644▲10.2% | $314,728,324▲9.9% | 990 |
| 2016 | $63,841,997▲8.1% | $46,004,477▲4.9% | $281,215,273▲11.5% | $286,334,700▲11.0% | 990 |
| 2015 | $59,080,832▲2.7% | $43,845,607▲3.5% | $252,113,178▲6.0% | $257,862,168▲5.3% | 990 |
| 2014 | $57,518,319▼1.8% | $42,362,373▲11.1% | $237,911,528▲6.2% | $244,886,538▲6.1% | 990 |
| 2013 | $58,546,646 | $38,132,644▲5.2% | $224,110,203▲14.3% | $230,884,748▲14.0% | 990 |
| 2012 | — | $36,253,444▼2.7% | $196,014,509▲10.4% | $202,504,446▲9.7% | 990 |
| 2011 | — | $37,271,626▲20.4% | $177,541,566▲4.9% | $184,583,531▲4.9% | 990 |
| 2010 | — | $30,967,846▲6.3% | $169,196,701▲17.8% | $175,974,995▲18.1% | 990 |
| 2009 | — | $29,135,721 | $143,621,875 | $149,043,847 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cameron Grow | Trustee (resigned) | 1 | — |
| Elaine Thompson | Trustee | 1 | — |
| Greg Baker | Chair | 1 | — |
| Heather Renner | Trustee | 1 | — |
| Maria Breuder | Treasurer | 1 | — |
| Mathew Knott | Vice Chair | 1 | — |
| Shane Backlund | Secretary | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Arthur J Gallagher & Co | Consulting, Marketing and Client Svc,cus | $4,373,421 |
| Onebridge Benefits | Software Admin. Claims and Eligibility A | $2,470,802 |
| Goldman Sachs Asset Management | Investment Consulting Services | $202,471 |
| Washington Trust Bank Wealth Management | Investment,custodial,and Banking Service | $157,423 |
| Katten Muchin Rosenman LLP | Legal Representation | $109,271 |
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Data for Voluntary Employees Benefit Association Trust For Public (EIN 91-1214669) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.