2025-11-17T16:52:30-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2024-01-01 943089231 SNOHOMISH COUNTY PUD VOLUNTARY BENEFICIARY ASSN SNOH 4257838452 PO BOX 1107 EVERETT WA 98206 KIMBERLY SMALLWOOD US BANK VP & RELATIONSHIP MANAGER 4257838452 2025-11-14 1 1 EMINA O CRESSWELL P01217304 4252597227 2025-11-14 2024 2025-03-06 01:10:19Z X SHAWN HUNSTOCK PO BOX 1107 EVERETT WA 98206 35399514 0 X N/A X 2001 WA THE SOLE PURPOSE OF VEBA IS TO PROVIDE FOR THE PAYMENT OF BENEFITS UNDER SPECIFIC DISTRICT WELFARE BENEFIT PLANS (LIFE, SICK, ETC.) 6 6 0 0 0 0 0 27355183 30603572 598879 263276 1235348 1541025 29189410 32407873 0 29078527 31424352 0 0 0 1156900 1231936 30235427 32656288 -1046017 -248415 12567231 12702268 3038769 2984822 9528462 9717446 THE SOLE PURPOSE OF VEBA IS TO PROVIDE FOR THE PAYMENT OF BENEFITS UNDER SPECIFIC DISTRICT WELFARE BENEFIT PLANS (LIFE, SICK, ACCIDENT, OR OTHER BENEFITS FOR ELIGIBLE MEMBERS). 0 0 PROVIDES FOR HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF THE SNOHOMISH COUNTY PUD AND COVERS SUBSTANTIALLY ALL ACTIVE AND RETIRED EMPLOYEES UNDER 65 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X MATTHEW ORCILLA 4257838452 2320 CALIFORNIA STREET EVERETT WA 98201 CRAVEN JUSTIN TRUSTEE 1.00 0.00 X 0 274313 62789 HASTINGS STEVEN TRUSTEE 1.00 0.00 X 0 169353 51438 HUNSTOCK SHAWN TRUSTEE 1.00 0.00 X 0 263785 63322 LUSCH NICHOLAS TRUSTEE 1.00 0.00 X 0 221474 58557 POLLOW DANA TRUSTEE 1.00 0.00 X 0 233395 46731 WILLENBROCK FREDERICK TRUSTEE 1.00 0.00 X 0 374045 76815 US BANK TRUSTEE 1.00 0.00 X 0 0 0 0 1536365 359652 0 0 1 0 0 PLAN CONTRIBUTIONS 525100 30603572 30603572 30603572 304917 304917 2950000 2991641 -41641 -41641 -41641 REBATES & CREDIT 525100 1541025 1541025 1541025 32407873 32144597 0 263276 31424352 SELF INSURED ASO FEES 1095091 ADMINISTRATIVE EXPENSES 136845 32656288 52154 44107 12475706 12604069 39371 54092 12567231 12702268 3038769 2984822 3038769 2984822 X 9528462 9717446 9528462 9717446 12567231 12702268 X -248415 397399 40000 X 0 1 X 1 0 0 X 32805272 397399 397399 32407873 0 32407873 32616288 0 32616288 40000 40000 32656288 PART X, LINE 2: VEBA FILES A FORM 990 ANNUALLY BECAUSE IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. PART XII, LINE 4B - OTHER ADJUSTMENTS: IBNR ACTUARIAL ADJUSTMENT 40,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: THIS IS DUE TO THE CHANGE IN ACTUARIAL VALUATION AMOUNT OF THE INCURRED BUT NOT REPORTED (IBNR). THE IBNR OBLIGATION AMOUNTS WERE $2,335,000 AND $2,375,000 AS OF DECEMBER 31, 2024, AND 2023 RESPECTIVELY. THE IBNR DECREASED BY $40,000 FROM 2023, TO 2024. 0 0 0 WILLENBROCK FREDERICK TRUSTEE 0 374045 0 0 0 0 0 46003 0 30812 0 450860 0 0 CRAVEN JUSTIN TRUSTEE 0 274313 0 0 0 0 0 31764 0 31025 0 337102 0 0 HUNSTOCK SHAWN TRUSTEE 0 263785 0 0 0 0 0 32297 0 31025 0 327107 0 0 POLLOW DANA TRUSTEE 0 233395 0 0 0 0 0 26670 0 20061 0 280126 0 0 LUSCH NICHOLAS TRUSTEE 0 221474 0 0 0 0 0 27099 0 31458 0 280031 0 0 HASTINGS STEVEN TRUSTEE 0 169353 0 0 0 0 0 20413 0 31025 0 220791 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE RELATED ORGANIZATION'S CONTROLLER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE VEBA FOLLOWS THE DISTRICTS CONFLICT OF INTEREST POLICY FOR TRUSTEES WHO ARE EMPLOYEES OF THE DISTRICT. ALL DISTRICT EMPLOYEES ARE COVERED UNDER THE CONFLICT-OF-INTEREST POLICY. CONFLICTS ARE ASSESSED AT A GENERAL LEVEL, FINANCIAL LEVEL, AND A CONFIDENTIAL INFORMATION LEVEL. A SEPARATE REVIEW IS DONE SPECIFICALLY FOR THOSE INVOLVED WITH FEDERALLY FUNDED CONTRACTS. CONFLICTS ARE REVIEWED BY DIRECT MANAGERS OF THE INDIVIDUAL AND DEPENDING ON THE NATURE OF THE CONFLICT WILL BE REVIEWED BY THE RISK MANAGEMENT TEAM. IF A CONFLICT IS DISCOVERED THE INDIVIDUAL IS PROHIBITED FROM MAKING DECISIONS ON THE TRANSACTION OR DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: IBNR ACTUARIAL ADJUSTMENT 40,000. SNOHOMISH COUNTY PUD 807 RANIER ST SNOHOMISH WA 98290 916001034 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0