2024-02-15T15:30:27-06:00 2023-09-30 910614823 SCHOEDEL & SCHOEDEL CPAS PLLC 422 W RIVERSIDE AVE STE 1420 SPOKANE WA 992010395 990 2022-10-01 943131623 VEBA Trust for Public Employees in the Northwest VEBA 5098385571 221 N Wall Street 201 Spokane WA 99201 Douglas G Detling Chair of the Board 5098385571 2024-02-15 1 Douglas Detling 999009999 1 SCOTT OPPERUD CPA P00542597 5097472158 2024-02-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Douglas G Detling 221 N Wall Street 201 Spokane WA 99201 378434723 0 X www.hraveba.org X 1990 WA To provide qualified health and welfare benefits. 7 7 0 0 0 0 0 0 136883841 151943983 25058162 21116097 0 16515 161942003 173076595 0 0 86717327 99277002 0 0 0 0 0 7696594 7745532 94413921 107022534 67528082 66054061 742000780 864858216 2591822 3236183 739408958 861622033 The Trust provides public employees a tax-free health reimbursement arrangement (HRA), compliant with regulatory requirements, efficient administration, prudent investments and superb service. 0 0 This trust holds the assets of the Voluntary Employees' Beneficiary Association Health Care Reimbursement Plan for Public Employees in the Northwest (the Plan) for employees of county, city, town, special purpose district or similar entity in Washington, Oregon or Idaho, whose purpose is to provide public services to its citizens and is authorized to do so by state statute. The Plan provides a method of funding qualified health and welfare benefits to its participants and their dependents. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 286 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Arthur J Gallagher & Co 5098385571 221 N Wall Street Suite 201 Spokane WA 99201 X X Doug Detling Chair 3.00 X X 0 0 0 Teresa Benner Vice Chair - Thru May 2023 2.00 X X 0 0 0 Kristy Wolf Treasurer 3.00 X X 0 0 0 Sylvia Hubbard Secretary 2.00 X X 0 0 0 Debbie Lund Trustee - Beginning May 2023 2.00 X 0 0 0 Heather Buchanan Trustee 2.00 X 0 0 0 Joy Ramsdell Trustee 2.00 X 0 0 0 Brad Nelson Trustee 2.00 X 0 0 0 0 0 0 0 0 0 0 Arthur J Gallagher & Co 221 N Wall Street Suite 201 Spokane WA 99201 Consulting, marketing and client svc,cus 4816207 One Bridge Benefits Inc 410 Main Street Suite 5 Buffalo NY 14202 Software administrator, eligibility and 2036935 Goldman Sachs Asset Management 100 Bank St Burlington VT 05401 Investment consulting services 211798 Washington Trust Bank PO Box 2127 Spokane WA 99210 Investment and custodial fees 197540 4 Plan contributions 525100 151943983 151943983 151943983 20398945 20398945 206075280 205358128 717152 717152 717152 Settlement proceeds 525100 16515 16515 16515 173076595 151960498 0 21116097 99277002 2036935 78597 33800 434704 4633846 187920 17040 57200 PCORI fees 258856 Bank charges 6634 107022534 3456044 3804515 5687990 5914526 582823640 695223551 147539167 156526217 2493939 3389407 742000780 864858216 848854 894845 1742968 2037161 0 304177 2591822 3236183 X 739408958 861622033 739408958 861622033 742000780 864858216 66054061 56159014 0 X 0 1 X 1 0 0 Synthetic guaranteed investment contracts 156526217 C 156526217 Pending Investment Trades 304177 304177 229235609 56159014 56159014 173076595 0 173076595 107022534 0 107022534 0 107022534 Form 990, Part VI, Section A, line 7a There are seven Trustees from two Public Service Agency Categories (PSAC): counties, cities and towns; and special purpose districts. Within each PSAC, one Trustee is elected by the employers from the respective PSAC participating in the Trust, and one Trustee is elected by participants from the respective PSAC. The third Trustee within each PSAC is elected by all remaining Trustees, regardless of their PSAC affiliation. The seventh Trustee is elected by all other Trustees. Form 990, Part VI, Section B, line 11b The Form 990 was prepared by the independent accounting firm of SCHOEDEL & SCHOEDEL, Certified Public Accountants, PLLC based on information provided by the third-party administrators. Draft copies of the Trust's financial statements and Form 990 were first provided to the Trust's legal counsel and plan consultant for review. Any questions, concerns, or issues raised by the legal counsel and plan consultant were addressed and any necessary revisions were made to the Form 990. A draft of the revised Form 990 was then provided to the Trustees for review. Any additional questions, concerns, or issues raised by the Trustees were addressed at a meeting of the Board of Trustees where the Trust's auditor presents audited financials and a draft of the Form 990. Any necessary revisions were made to the Form 990. Upon final review and approval of the Form 990 by the Board of Trustees, the Trust's auditor filed the Form 990 in accordance with IRS instructions. Form 990, Part VI, Section B, line 12c Trustees, service providers, third-party administrators, or any other person having responsibility for the management or administration of the Trust's finances, investments, or other proprietary information concerning the Trust are considered interested persons. An interested person is under a continuing obligation to disclose any potential conflict of interest to the Board of Trustees as soon as it is known or reasonably should be known. The interested person is given the opportunity to disclose all material facts to the Trustees when considering the proposed transaction or arrangement. After disclosure of the financial, professional, or personal interest and all material facts, and after any discussion with the interested person, he/she leaves the Trustees meeting while the determination of a conflict of interest is considered. If the disinterested Trustees determine a conflict of interest exists, the Chair of the Board, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Trustees determine whether the Trust can obtain with reasonable efforts a more advantageous transaction or arrangement with a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board or committee determines by majority vote of the disinterested Trustees whether the transaction agreement or arrangement is in the Trust's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination the Trustees decide whether to enter into the transaction agreement or arrangement. The minutes of the meeting reflect that the conflict disclosure was made to the Board, the vote taken and, where applicable, the abstention from voting and participation by the interested party. Whenever possible, the minutes frame the decision of the Board in such a way to provide guidance for consideration of future conflict of interest situations. To ensure the Trust operates in a manner consistent with its tax-exempt purposes and does not engage in activities that could jeopardize its tax-exempt status, the Board of Trustees conducts periodic reviews. The periodic reviews include, at a minimum, the following subjects: Whether the contractual arrangements with service providers and the services provided are reasonable, based on competent market and survey information, and the result of arm's length negotiation; Whether contractual arrangements with service providers and arrangements with other organizations conform to written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further tax-exempt purposes, and do not result in inurement, impermissible private benefit or in an excess benefit transaction, and; Whether any transaction conducted by the Trust during the review period involves or could possibly give rise to a conflict of interest. Form 990, Part VI, Section B, line 15 There are no compensated management officials, officers or key employees of the Trust. If the Trust had such compensated individuals, policies and procedures would be developed to determine compensation. Form 990, Part VI, Section C, line 19 The Trust makes its governing documents, conflict of interest policy, financial statements, and Form 990 available to the public upon written request by contacting the Trust at 221 N Wall Street, Suite 201, Spokane, WA 99201. Form 990, Part VII, Section A, Line 1A The Trust does not compensate the members of the Board of Trustees for their duties as Trustees. The Board of Trustees is made up of seven individuals, six of whom are employees of counties, cities, towns or special purpose districts in Washington, Oregon or Idaho. The remaining Trustee is a former employee in a county, city or town. The Trust does not readily have access to information related to the compensation paid by other entities to the Trustees. The Trustees serve on a voluntary basis, and receive no known compensation adjustment from their employers, or any other party, for their services on the Board. City of Aberdeen City of Airway Heights City of Arlington City of Black Diamond City of Blaine City of Bonney Lake City of Bremerton City of Brewster City of Burien City of Cashmere City of Centralia City of Chehalis City of Chelan City of Cheney City of Clarkston City of Cle Elum City of Colville City of Covington City of Deer Park City of Des Moines City of Dupont City of East Wenatchee City of Ellensburg City of Elma City of Enumclaw City of Ephrata City of Federal Way City of Ferndale City of Fife City of Forks City of Gig Harbor City of Grandview City of Kalama City of Kelso City of Kenmore City of La Center City of Lacey City of Lake Stevens City of Langley City of Leavenworth City of Liberty Lake City of Longview City of Lynnwood City of Mabton City of Marysville City of McCleary City of Medina City of Mercer Island City of Millwood City of Milton City of Monroe City of Mountlake Terrace City of Normandy Park City of North Bonneville City of Oak Harbor City of Okanogan City of Olympia City of Omak City of Palouse City of Pasco City of Port Orchard City of Poulsbo City of Pullman City of Puyallup City of Redmond (WA) City of Renton City of Richland City of Ridgefield City of Roy City of SeaTac City of Seattle City of Sedro Woolley City of Selah City of Shelton City of Spokane City of Stevenson City of Sunnyside City of Tacoma City of Tonasket City of Tukwila City of Tumwater City of Union Gap City of University Place City of Vancouver City of Washougal City of West Richland City of Yakima Town of Coulee Dam Town of Garfield Adams County Asotin County Benton County WA Chelan County Clallam County Columbia County Cowlitz County Douglas County Franklin County Garfield County Grant County Island County King County Kitsap County Kittitas County Lewis County Lincoln County Mason County Okanogan County Pacific County Pend Oreille County Pierce County San Juan County Skagit County Skamania County Snohomish County Spokane County Stevens County Thurston County Wahkiakum County Walla Walla County Whitman County Yakima County Adams County Fire Protection Dist No 5 Alderwood Water & Wastewater District Area Agency on Aging & Disabilities in SW WA Asotin County Health District Bainbridge Island Fire Dept Bainbridge Island Metro Parks Beacon Hill Sewer District Belfair Water District No 1 Bellingham Housing Authority Ben Franklin Transit Benton County Fire District No 1 Benton County Fire Protection Dist No 2 Benton County PUD Benton Franklin Health District Birch Bay Water & Sewer District Cascade Irrigation District Cascade Valley Hospital Cascade Water Alliance Cascadia Conservation District Cedar River Water & Sewer Central Kitsap Fire & Rescue Central Pierce Fire & Rescue Chelan County Fire No 3 Chelan County Fire No 9 Chelan County PUD Chelan Douglas Regional Port Authority Clallam County Fire Dist No 3 Clallam County PUD No 1 Clallam Transit System Clark County Fire District No 3 Clark County Fire District No 6 Clark County Fire & Rescue Clark County PUD Clark County Public Transportation Coal Creek Utility District Columbia County Fire No 3 Columbia County Public Transportation Columbia County Rural Library District Consolidated Diking Improvement District Covington Water District Cowlitz County Fire District No 5 Cowlitz County Fire District No 6 Cowlitz County PUD Cowlitz 911 Cowlitz Wahkiakum Council of Govt Cross Valley Water District Douglas County PUD No 1 Douglas County Sewer District No 1 Duvall Fire East Jefferson Fire & Rescue East Pierce Fire & Rescue East Wenatchee Water District Eastmont Metro Park District Enduris Washington Energy Northwest Fall City Water District Ferry County PUD Franklin County Emergency Mgmt Franklin County Fire No 3 Franklin County PUD Grand Coulee Project Hydroelectric Grant County PUD No 2 Grays Harbor County PUD Greater Columbia Behavioral Health Great Rivers Behavioral Health Admin Svcs Org Great Rivers Behavioral Health Org Hartstene Pointe Water & Sewer Highline Water District Housing Authority of Thurston County Inland Power & Light Company Island County Emerg Svcs Comm Center Jefferson Communications 911 Jefferson County PUD Jefferson Transit Authority King County Fire Protection Dist No 27 King County Water Dist No 20 King County Water Dist No 49 King County Water Dist No 90 King County Water Dist No 125 Kitsap County PUD No 1 Kitsap Public Health District Kitsap Regional Library District Kittitas County Fire No 2 Kittitas County PUD No 1 Klickitat County EMS District No 1 Klickitat County PUD No 1 Lacey Fire District No 3 Lake Chelan Reclamation District Lake Meridian Water District Lake Stevens Sewer District Lake Whatcom Water & Sewer Lakehaven Water & Sewer District Lewis County PUD Link Transit LOTT Clean Water Services Lynnwood Public Facilities District Malaga Water District Manchester Water District Marysville Fire District Mason County Fire District No 5 Mason County PUD No 1 Mason County PUD No 3 Metro Parks Tacoma Midway Sewer District Moab Irrigation District 20 Mountain View Fire & Rescue Mukilteo Water District North Beach Water District North City Water District North County Regional Fire & EMS North Kitsap Fire & Rescue North Mason Regional Fire Authority North Perry Avenue Water District NE Sammamish Sewer & Water NE Tri County Health District Northwest Seaport Alliance North Whidbey Fire & Rescue Okanogan County Fire No 15 Okanogan County Public Health Okanogan County PUD No1 Olympic View Water & Sewer District Pacific County Fire Protection District Pangborn Memorial Airport Pend Oreille County Library District Pend Oreille County PUD Peninsula Development District Peninsula Light Company Pierce County Library System Pierce County Noxious Weed Control Bd Port Ludlow Fire & Rescue Port of Bremerton Port of Camas - Washougal Port of Chehalis Port of Chelan County Port of Clarkston Port of Everett Port of Kalama Port of Kennewick Port of Longview Port of Moses Lake Port of Olympia Port of Pasco Port of Peninsula Port of Port Angeles Port of Port Townsend Port of Ridgefield Port of Skagit Port of Skamania County Port of Tacoma Port of Vancouver Port of Walla Walla Port of Willapa Harbor Port of Woodland Poulsbo Fire Public Utility District 2 Pacific Puget Sound Regional Council Puget Sound Regional Fire Authority Quilcene Fire Riverside Fire Authority Ronald Wastewater District San Juan County Fire Protection District Silver Lake Water District Silverdale Water District Si View Metropolitan Park District Skagit 911 Skagit Transit Skamania County PUD No 1 Skamania EMS Skyway Water & Sewer District Snohomish Conservation District Snohomish County Fire Dist No 5 Snohomish County Fire Dist No 26 Snohomish Regional Fire & Rescue Soos Creek Water & Sewer District South Bay Fire District South Beach Fire and EMS South King Fire & Rescue South King County Water District South Kitsap Fire & Rescue Southeast Thurston Fire Southeast WA Aging & LTC Council of Gov'ts Southwest Suburban Sewer District Spokane County Fire District No 4 Spokane County Fire District No 9 Spokane County Fire District No 10 Spokane Housing Authority Spokane Noxious Weed Board Spokane Transit Authority Spokane Valley Fire Dept Stevens County Conservation District Stevens County Fire Protection Dist No 1 Stevens County PUD Three Rivers Regional Wastewater Authority Thurston County Fire Dist No 13 Thurston County PUD No 1 Timberlands Regional Support Network Tri-County Economic Development Dist Valley Transit Valley View Sewer District Valley Water District Vashon Island Fire Vera Water & Power Wahkiakum PUD Walla Walla County Fire District No 4 Walla Walla Fire Protection District No 5 Washington Assoc of County Officials Washington Assoc of Prosecuting Attorneys Washington Cities Insurance Authority Washington State Association of Counties Washington PUD Association Water & Sewer Risk Mgmt Pool Wenatchee Valley Transportation West Pierce Fire & Rescue West Sound Utility District West Thurston Regional Fire Authority Whatcom County Fire District 1 Woodinville Water District Yakima County Fire District 4 Yakima County Fire District 5 Yakima County Fire District 6 Yakima Fire District 12 Yakima Health District City of Albany City of Ashland City of Astoria City of Baker City City of Bay City City of Beaverton City of Bend City of Boardman City of Brookings City of Canby City of Central Point City of Clatskanie City of Coburg City of Columbia City City of Coos Bay City of Cornelius City of Cottage Grove City of Dallas City of Dayton City of Dundee City of Estacada City of Forest Grove City of Garibaldi City of Gervais City of Gladstone City of Gresham City of Happy Valley City of Harrisburg City of Hermiston City of Hillsboro City of Hood River City of Independence City of John Day City of Joseph City of Junction City City of King City City of Klamath Falls City of La Grande City of Lake Oswego City of La Pine City of Lebanon City of Madras City of McMinnville City of Medford City of Milwaukie City of Molalla City of Monmouth City of Myrtle Creek City of Nehalem City of Newberg City of Newport City of Oakridge City of Oregon City City of Pendleton City of Philomath City of Phoenix City of Pilot Rock City of Portland City of Rainier City of Redmond City of Reedsport City of Rockaway Beach City of Roseburg City of Salem City of Sheridan City of Sherwood City of Silverton City of Springfield City of Stanfield City of St Helens City of Stayton City of Sublimity City of Sweet Home City of Talent City of The Dalles City of Tigard City of Tillamook City of Troutdale City of Tualatin City of Umatilla City of Union City of Vernonia City of Waldport City of Warrenton City of West Linn City of Willamina City of Woodburn Baker County Benton County OR Clackamas County Clatsop County Columbia County Coos County Curry County Douglas County Gilliam County Hood River County Jackson County Jefferson County Josephine County Klamath County Lane County Lincoln County Linn County Morrow County Multnomah County Tillamook County Umatilla County Wallowa County Washington County Yamhill County Alsea School District Applegate Valley RFPD Arlington School District Ashland Parks & Recreation Comm Association of Oregon Counties Astoria School District Athena-Weston School District Aumsville Rural Fire District Aurora Rural Fire Protection Baker Charter Schools Banks Fire District No 13 Banks School District No 13 Black Butte Ranch Police Black Butte Ranch Rural Fire District Blue Mountain Hospital District Boring Fire District Camas Valley School District Canby Fire District No 62 Canby Utility Board Central Lincoln PUD Central School District City County Insurance City of Salem Firefighters Clackamas River Water District Clatskanie PUD Clatskanie School District Clean Water Services Cloverdale Rural Fire District Coburg Fire Board Colton Rural Fire District Columbia 911 Communications Columbia River Fire & Rescue Columbia River PUD Condon School District Corbett School District Corbett Water District Crescent Rural Fire Protection Creswell School District Crook County Fire & Rescue Crooked River Ranch Fire & Rescue Dayton Fire District Dayton School District Dayville School District Depoe Bay Fire District Douglas County Fire District No 2 East Umatilla Fire & Rescue East Umatilla Health District Echo School District Emergency Comm of So Oregon Estacada Rural Fire District No 69 Eugene Water & Electric Board Evans Valley Fire District #6 Four Rivers Community School Gervais School District Goshen Fire District Grant County ESD Grant School District No 3 Greater Albany Public School District Green Area Water Sanitary Authority Halsey-Shedd Rural Fire Protection Hermiston Fire & Emergency Hermiston School District Hood River Library District Hood River School District Housing Authority of Clackamas Co Illinois Valley Fire District InterMountain ESD Jackson County Fire District No 3 Jackson County Fire District No 4 Jackson County Fire District No 5 Jefferson County Fire District No 1 Jewell School District Keizer Rural Fire Protection Klamath 911 Communications Knappa School District La Pine Rural Fire Protection District Lake County ESD Lake Oswego School District Lane Fire Authority Lane Library District (OREGON CONTINUED) League of Oregon Cities Lebanon Community School District Lebanon Fire District Lewis & Clark Rural Fire Protection District Lincoln County School District Lyons Rural Fire District Marion County Fire District No 1 Marion County Housing Authority of Oregon McKenzie Fire & Rescue McMinnville School District McMinnville Water & Light Medford Water Commission METCOM Mid Columbia Center for Living Mid Columbia Council of Govt Mid Columbia Fire & Rescue Mid-Willamette Valley Council of Govt Milton-Freewater Unified School District MINET Mohawk Valley Rural Fire District Molalla Rural Fire District No 73 Monroe Rural Fire Protection District Monument School District Morrow County School District Mt Angel Fire District Multnomah ESD Neah-Kah-Nie School District Neahkahnie Water District Nestucca Valley School District North Central ESD North Lincoln Fire & Rescue District North Marion School District North Santiam School District Northern Wasco School District Northern Wasco County PUD Northwest Oregon Housing Authority Northwest Regional ESD Oakland School District Orbis Cascade Alliance Oregon City School District Pendleton School District Perrydale School District Philomath Fire & Rescue Philomath School District Pilot Rock School District Pleasant Home Water District Polk County Fire Polk Soil & Water Conservation District Port of Morrow Port of Portland Port of St Helens Port Orford Langlois School District Prairie City School District Prosper Portland Redmond Fire & Rescue Riverdale School District Rockwood Water PUD Rogue River Fire District Rogue Valley Council of Governments Rogue Valley Transportation Roseburg Urban Sanitary Authority Salem Area Mass Transit District Sandy Rural Fire Santa Clara RFPD Scappoose Rural Fire District Scappoose School District Scio School District Seaside School District Sheridan School District Sherwood School District Siletz Valley Rural Fire Silver Falls School District Silverton Fire District Sisters Camp Sherman Fire District South Coast Education Service District Southern Oregon Regional Economic Development Inc South Fork Water Board South Gilliam County Health District South Lane Fire & Rescue South Lane School District Southwestern Polk Rural Fire Springfield Utility Board Stanfield School District Sublimity Fire District Sunriver Service District Sunset Empire Parks & Rec District Tangent Rural Fire Tigard-Tualatin School District Tillamook PUD Tillamook Cty Emerg Comm District Tillamook County Transp District Tillamook Fire District Tillamook School District Treasure Valley Community College TRIMET Tualatin Valley Water District Turner Fire District Ukiah School District Umatilla County School District 6R Umatilla Rural Fire Protection District Umpqua Public Transportation District Wahtonka (Riverbend) Community School Warrenton-Hammond School District Washington County Consolidated Communications Agency Western Lane Fire & EMS Authority West Multnomah Soil & Water Conservation District West Valley Housing Authority Willamette ESD Winston-Dillard Fire No 5 Woodburn Fire District Yamhill Communications Agency Yamhill County Housing Authority City of Boise City of Caldwell City of Coeur dAlene City of Cottonwood City of Donnelly City of Garden City City of Hailey City of Idaho Falls City of Lewiston City of Moscow City of Nampa City of New Plymouth City of Nezperce City of Orofino City of Pocatello City of Post Falls City of Rathdrum City of Rexburg City of Rigby City of Sandpoint City of St Maries City of Sun Valley Bonner County Fremont County Kootenai County Madison County Nez Perce County Shoshone County American Falls School District Association of Idaho Cities Basin School District No 72 Blackfoot Charter Community Canyon Highway District No 4 Community Library District Eagle Fire Protection District Idaho Science & Tech Charter School Idaho Stem Academy Kootenai County Emerg Medical Svcs Lakeland Joint SD No 272 Lakes Highway District Latah County Library District Lewiston Orchards Irrigation District Local Highway Technical Assistance Council Madison Memorial Hospital Meridian Library District Middleton Rural Fire District Nampa Fire Protection District North Kootenai Water & Sewer Northern Lakes Fire District Post Falls Highway District Selkirk Fire Rescue & EMS Star Fire Protection District Valley Regional Transit Wood River Fire Protection District Worley Highway District 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1