2025-07-30T16:59:27-05:00 2024-09-30 910614823 SCHOEDEL & SCHOEDEL CPAS PLLC 422 W RIVERSIDE AVE STE 1420 SPOKANE WA 992010395 990 2023-10-01 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 2025-07-30 1 1 SCOTT OPPERUD CPA P00542597 5097472158 2025-07-30 2023 2025-03-06 01:10:19Z Douglas G Detling 221 N Wall Street 201 Spokane WA 99201 298585138 0 X www.hraveba.org X 1990 WA To provide qualified health and welfare benefits. 7 7 0 0 0 0 0 0 151943983 176302587 21116097 34916162 16515 0 173076595 211218749 0 0 99277002 115551062 0 0 0 0 0 7745532 8784337 107022534 124335399 66054061 86883350 864858216 1095820392 3236183 3133560 861622033 1092686832 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 1 340 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 Sylvia Hubbard Vice Chair 2.00 X X 0 0 0 Kisty Wolf Treasurer 3.00 X X 0 0 0 Debbie Lund Secretary 2.00 X X 0 0 0 Heather Buchanan Trustee 2.00 X 0 0 0 Joy Ramsdell Trustee 2.00 X 0 0 0 Jennifer Signs 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 5493696 One Bridge Benefits Inc 410 Main Street Suite 5 Buffalo NY 14202 Software administrator, eligibility and 2240583 Washington Trust Bank PO Box 2127 Spokane WA 99210 Investment and custodial fees 225687 Goldman Sachs Asset Management 100 Bank St Burlington VT 05401 Investment consulting services 225314 4 Plan contributions 525100 176302587 176302587 176302587 28941406 28941406 93341145 87366389 5974756 5974756 5974756 211218749 176302587 0 34916162 115551062 2387504 124674 35730 478349 5209230 148075 35116 58712 PCORI fees 302295 Bank charges 4652 124335399 3804515 4094498 5914526 5410988 695223551 920893790 156526217 161723604 3389407 3697512 864858216 1095820392 894845 1014292 2037161 2036645 304177 82623 3236183 3133560 X 861622033 1092686832 861622033 1092686832 864858216 1095820392 86883350 144181449 0 X 0 1 X 1 0 0 Synthetic guaranteed investment contracts 161723604 C 161723604 Pending Investment Trades 82623 82623 355400198 144181449 144181449 211218749 0 211218749 124335399 0 124335399 0 124335399 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. Adams County Adams County Fire Protection Dist No 5 Alderwood Water & Wastewater District Alsea School District American Falls School District Applegate Valley RFPD Area Agency on Aging & Disabilities in SW WA Arlington School District Ashland Parks & Recreation Comm Asotin County Asotin County Health District Asotin County Public Trans Benefit Area Association of Idaho Cities Association of Oregon Counties Astoria School District Athena-Weston School District Aumsville Rural Fire District Aurora Rural Fire Protection Bainbridge Island Fire Dept Bainbridge Island Metro Parks Baker Charter Schools Baker County Banks Fire District No 13 Banks School District No 13 Basin School District No 72 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 County OR Benton County WA Benton Franklin Health District Benton Soil & Water District Birch Bay Water & Sewer District Black Butte Ranch Police Black Butte Ranch Rural Fire District Blackfoot Charter Community Blue Mountain Hospital District Bonner County Boring Fire District Camas Valley School District Canby Fire District No 62 Canby Utility Board Cannon Beach Rural Fire Prot District Canyon Highway District No 4 Capital City Development Corp Cascade Irrigation District Cascade Valley Hospital Cascade Water Alliance Cascadia Conservation District Cedar River Water & Sewer Central Kitsap Fire & Rescue Central Lincoln PUD Central Pierce Fire & Rescue Central School District Chelan County Chelan County Fire No 3 Chelan County Fire No 9 Chelan County PUD Chelan Douglas Regional Port Authority City County Insurance City of Aberdeen City of Airway Heights City of Albany City of Arlington City of Ashland City of Astoria City of Baker City City of Bay City City of Beaverton City of Bend City of Black Diamond City of Blaine City of Boardman City of Boise City of Bonney Lake City of Bremerton City of Brewster City of Brookings City of Burien City of Caldwell City of Canby City of Cashmere City of Central Point City of Centralia City of Chehalis City of Chelan City of Cheney City of Clarkston City of Clatskanie City of Cle Elum City of Coburg City of Coeur dAlene City of Columbia City City of Colville City of Coos Bay City of Cornelius City of Cottage Grove City of Cottonwood City of Covington City of Dallas City of Dayton City of Deer Park City of Des Moines City of Donnelly City of Dundee City of Dupont City of East Wenatchee City of Ellensburg City of Elma City of Enumclaw City of Ephrata City of Estacada City of Federal Way City of Ferndale City of Fife City of Fircrest City of Forest Grove City of Forks City of Garden City City of Garibaldi City of Gervais City of Gig Harbor City of Gladstone City of Grandview City of Gresham City of Hailey City of Happy Valley City of Harrisburg City of Hermiston City of Hillsboro City of Hood River City of Idaho Falls City of Independence City of John Day City of Joseph City of Junction City City of Kalama City of Kelso City of Kenmore City of King City City of Klamath Falls City of La Center City of La Grande City of La Pine City of Lacey City of Lake Oswego City of Lake Stevens City of Langley City of Leavenworth City of Lebanon City of Lewiston City of Liberty Lake City of Longview City of Lynnwood City of Mabton City of Madras City of Marysville City of McCleary City of McMinnville City of Medford City of Medina City of Mercer Island City of Millwood City of Milton City of Milwaukie City of Molalla City of Monmouth City of Monroe City of Moscow City of Mountlake Terrace City of Myrtle Creek City of Nampa City of Nehalem City of New Plymouth City of Newberg City of Newport City of Nezperce City of Normandy Park City of North Bonneville City of Oak Harbor City of Oakridge City of Okanogan City of Olympia City of Omak City of Oregon City City of Orofino City of Palouse City of Pasco City of Pendleton City of Philomath City of Phoenix City of Pilot Rock City of Pocatello City of Port Angeles City of Port Orchard City of Portland City of Post Falls City of Poulsbo City of Pullman City of Puyallup City of Rainier City of Rathdrum City of Redmond City of Redmond (WA) City of Reedsport City of Renton City of Rexburg City of Richland City of Ridgefield City of Rigby City of Rockaway Beach City of Roseburg City of Roy City of Salem City of Salem Firefighters City of Sandpoint City of SeaTac City of Seattle City of Sedro Woolley City of Selah City of Shelton City of Sheridan City of Sherwood City of Silverton City of Spokane City of Springfield City of St Helens City of St Maries City of Stanfield City of Stayton City of Stevenson City of Sublimity City of Sun Valley City of Sunnyside City of Sweet Home City of Tacoma City of Talent City of The Dalles City of Tigard City of Tillamook City of Tonasket City of Troutdale City of Tualatin City of Tukwila City of Tumwater City of Twin Falls City of Umatilla City of Union City of Union Gap City of University Place City of Vancouver City of Vernonia City of Waldport City of Warrenton City of Washougal City of West Linn City of West Richland City of Willamina City of Woodburn City of Yakima Clackamas County Clackamas River Water District Clallam County Clallam County Fire Dist No 3 Clallam County PUD No 1 Clallam Transit System Clark County Fire & Rescue Clark County Fire District No 3 Clark County Fire District No 6 Clark County Public Transportation Clark County PUD Clatskanie PUD Clatskanie School District Clatsop County Clean Water Services Cloverdale Rural Fire District Coal Creek Utility District Coburg Fire Board Colton Rural Fire District Columbia 911 Communications Columbia County Columbia County Columbia County Fire No 3 Columbia County Public Transportation Columbia County Rural Library District Columbia River Fire & Rescue Columbia River PUD Community Library District Condon School District Consolidated Diking Improvement District Coos County Corbett School District Corbett Water District County Fire No 2 Kittitas County Covington Water District Cowlitz 911 Cowlitz County Cowlitz County Fire District No 5 Cowlitz County Fire District No 6 Cowlitz County PUD Cowlitz Wahkiakum Council of Govt Crescent Rural Fire Protection Creswell School District Crook County Fire & Rescue Crooked River Ranch Fire & Rescue Cross Valley Water District Curry County Dayton Fire District Dayton School District Dayville School District Depoe Bay Fire District Douglas County Douglas County Douglas County PUD No 1 Douglas County Sewer District No 1 Duvall Fire Eagle Fire Protection District East Jefferson Fire & Rescue East Pierce Fire & Rescue East Umatilla Fire & Rescue East Umatilla Health District East Wenatchee Water District Eastmont Metro Park District Echo School District Emergency Comm of So Oregon Enduris Washington Energy Northwest Estacada Rural Fire District No 69 Eugene Water & Electric Board Evans Valley Fire District #6 Fall City Water District Fern Ridge School District Ferry County PUD Four Rivers Community School Franklin County Franklin County Emergency Mgmt Franklin County Fire No 3 Franklin County Irrigation District Franklin County Public Hospital District Franklin County PUD Fremont County Garfield County Gervais School District Gilliam County Goshen Fire District Grand Coulee Project Hydroelectric Grant County Grant County ESD Grant County PUD No 2 Grant School District No 3 Grays Harbor County PUD Great Rivers Behavioral Health Admin Svcs Org Great Rivers Behavioral Health Org Greater Albany Public School District Greater Columbia Behavioral Health Green Area Water Sanitary Authority Halsey-Shedd Rural Fire Protection Hartstene Pointe Water & Sewer Hermiston Fire & Emergency Hermiston School District Highline Water District Hood River County Hood River Library District Hood River School District Hoodland Fire District No 74 Housing Authority of Clackamas Co Housing Authority of Thurston County Idaho Science & Tech Charter School Idaho Stem Academy Illinois Valley Fire District Inland Power & Light Company InterMountain ESD Ione School District Island County Island County Emerg Svcs Comm Center Jackson County Jackson County Fire District No 3 Jackson County Fire District No 4 Jackson County Fire District No 5 Jefferson Communications 911 Jefferson County Jefferson County Fire and EMS Jefferson County PUD Jefferson Transit Authority Jewell School District Josephine County Junction City Rural Fire Protection Keizer Rural Fire Protection King County King County Fire Protection Dist No 27 King County Water Dist No 125 King County Water Dist No 20 King County Water Dist No 49 King County Water Dist No 90 Kitsap County Kitsap County PUD No 1 Kitsap Kittitas County Klamath 911 Communications Klamath County Klamath County Fire District No 1 Klickitat County EMS District No 1 Klickitat County PUD No 1 Knappa School District Kootenai County Kootenai County Emerg Medical Svcs Kootenai Electric Cooperative La Pine Rural Fire Protection District Lacey Fire District No 3 Lake Chelan Reclamation District Lake County ESD Lake Meridian Water District Lake Oswego School District Lake Stevens Sewer District Lake Whatcom Water & Sewer Lakehaven Water & Sewer District Lakeland Joint SD No 272 Lakes Highway District Lane County Lane Fire Authority Lane Library District Lane Transit District Latah County Library District League of Oregon Cities Lebanon Community School District Lebanon Fire District Lewis & Clark Rural Fire Protection District Lewis County Lewis County PUD Lewiston Orchards Irrigation District Lincoln County Lincoln County Lincoln County School District Link Transit Linn County Local Highway Technical Assistance Council LOTT Clean Water Services Lynnwood Public Facilities District Lyons Rural Fire District Madison County Madison Memorial Hospital Malaga Water District Manchester Water District Marion County Fire District No 1 Marion County Housing Authority of Oregon Marysville Fire District Maslow Project Mason County Mason County Fire District No 5 Mason County PUD No 1 Mason County PUD No 3 McKenzie Fire & Rescue McMinnville Fire District McMinnville School District McMinnville Water & Light Medford Water Commission Meridian Library District METCOM Metro Parks Tacoma Mid Columbia Center for Living Mid Columbia Council of Govt Mid Columbia Fire & Rescue Middleton Rural Fire District Midway Sewer District Mid-Willamette Valley Council of Govt Milton-Freewater Unified School District MINET Mitchell School District No 55 Moab Irrigation District 20 Mohawk Valley Rural Fire District Molalla Rural Fire District No 73 Monroe Rural Fire Protection District Monument School District Morrow County Morrow County School District Mountain View Fire & Rescue Mt Angel Fire District Mukilteo Water District Multnomah County Multnomah ESD Nampa Fire Protection District NE Sammamish Sewer & Water NE Tri County Health District Neah-Kah-Nie School District Neahkahnie Water District Nestucca Valley School District Nez Perce County Nez Perce County Fair Board North Beach Water District North Central ESD North City Water District North County Regional Fire & EMS North Kitsap Fire & Rescue North Kootenai Water & Sewer North Lincoln Fire & Rescue District North Marion School District North Mason Regional Fire Authority North Perry Avenue Water District North Santiam School District North Wasco School District North Whidbey Fire & Rescue Northern Lakes Fire District Northern Wasco County PUD Northshore Utility District Northwest Oregon Housing Authority Northwest Regional ESD Northwest Seaport Alliance Oakland School District Okanogan County Okanogan County Fire No 15 Okanogan County Public Health Okanogan County PUD No1 Olympic View Water & Sewer District Orbis Cascade Alliance Oregon City School District Pacific County Pacific County Fire Protection District Pangborn Memorial Airport Pend Oreille County Pend Oreille County Library District Pend Oreille County PUD Pendleton School District Peninsula Development District Peninsula Light Company Perrydale School District Philomath Fire & Rescue Philomath School District Pierce County Pierce County Library System Pierce County Noxious Weed Control Bd Pilot Rock School District Pleasant Home Water District Polk County Fire Polk Soil & Water Conservation District 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 Morrow Port of Moses Lake Port of Olympia Port of Pasco Port of Peninsula Port of Port Angeles Port of Port Townsend Port of Portland 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 Port Orford Langlois School District Post Falls Highway District Poulsbo Fire Prairie City School District Prosper Portland Public Health District Kitsap Public Utility District 2 Pacific PUD No 1 Puget Sound Regional Council Puget Sound Regional Fire Authority Quilcene Fire Redmond Fire & Rescue Regional Library District Kittitas Riverbend (Wahtonka) Community School Riverdale School District Riverside Fire Authority Rockwood Water PUD Rogue River Fire District Rogue Valley Council of Governments Rogue Valley Transportation Ronald Wastewater District Roseburg Urban Sanitary Authority Salem Area Mass Transit District San Juan County San Juan County Fire Protection District Sandy Rural Fire Santa Clara RFPD Scappoose Rural Fire District Scappoose School District Scio School District Seaside School District Selkirk Fire Rescue & EMS Sheridan School District Sherwood School District Shoshone County Si View Metropolitan Park District Siletz Valley Rural Fire Silver Falls School District Silver Lake Water District Silverdale Water District Silverton Fire District Sisters Camp Sherman Fire District Skagit 911 Skagit County Skagit Transit Skamania County Skamania County PUD No 1 Skamania EMS Skyway Water & Sewer District Snohomish Conservation District Snohomish County Snohomish County Fire Dist No 26 Snohomish County Fire Dist No 5 Snohomish Regional Fire & Rescue Soos Creek Water & Sewer District South Bay Fire District South Beach Fire and EMS South Coast Education Service District South Fork Water Board South Gilliam County Health District South King County Water District South King Fire & Rescue South Kitsap Fire & Rescue South Lane Fire & Rescue South Lane School District South Whidbey FireEMS Southeast Thurston Fire Southeast WA Aging & LTC Council of Govts Southern Oregon Regional Economic Development Inc Southwest Suburban Sewer District Southwestern Polk Rural Fire Spokane County Spokane County Fire District No 10 Spokane County Fire District No 4 Spokane County Fire District No 9 Spokane Housing Authority Spokane Noxious Weed Board Spokane Transit Authority Spokane Valley Fire Dept Springfield Utility Board Stanfield School District Star Fire Protection District Stayton Fire District Stevens County Stevens County Conservation District Stevens County Fire Protection Dist No 1 Stevens County PUD Sublimity Fire District Sunriver Service District Sunset Empire Parks & Rec District Tangent Rural Fire Three Rivers Regional Wastewater Authority Thurston County Thurston County Fire Dist No 13 Thurston County Fire Protection No 9 Thurston County PUD No 1 Tigard-Tualatin School District Tillamook County Tillamook County Transp District Tillamook Cty Emerg Comm District Tillamook Fire District Tillamook PUD Tillamook School District Timberlands Regional Support Network Town of Coulee Dam Town of Garfield Treasure Valley Community College Tri-County Economic Development Dist TRIMET Tualatin Valley Water District Turner Fire District Ukiah School District Umatilla County Umatilla County School District 6R Umatilla Rural Fire Protection District Umpqua Public Transportation District Valley Regional Transit Valley Transit Valley View Sewer District Valley Water District Vashon Island Fire Vera Water & Power Wahkiakum County Wahkiakum PUD Walla Walla County Walla Walla County Fire District No 4 Walla Walla Fire Protection District No 5 Wallowa County Warrenton-Hammond School District Washington Assoc of County Officials Washington Assoc of Prosecuting Attorneys Washington Cities Insurance Authority Washington County Washington County Consolidated Communications Agency Washington PUD Association Washington State Association of Counties Water & Sewer Risk Mgmt Pool Wenatchee Valley Transportation West Multnomah Soil & Water Conservation District West Pierce Fire & Rescue West Sound Utility District West Thurston Regional Fire Authority West Valley Housing Authority Western Lane Fire & EMS Authority Whatcom County Fire District 1 Whitman County Willamette ESD Winston-Dillard Fire No 5 Wood River Fire Protection District Woodburn Fire District Woodinville Water District Worley Highway District Yakima County Yakima County Fire District 4 Yakima County Fire District 5 Yakima County Fire District 6 Yakima Fire District 12 Yakima Health District Yamhill Communications Agency Yamhill County Yamhill County Housing Authority 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1