Wea Insurance Corporation
501(c)(9)
Strong reserves Declining revenue
Wea Insurance Corporation is a 501(c)(9) organization based in Madison, Wisconsin, registered in 1988, with $22,425,092 in FY2024 revenue.
33 Nob Hill Rd, Madison, WI, 53713 EIN 39-1519322 Since 1988
Revenue (FY2024)
$22.4M
▼ 27.3% vs prior year
Expenses (FY2024)
$15.0M
Net assets
$75.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Wea Insurance Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating60 mo reserves · +33% margin
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 Wea Insurance Corporation: 60 mo reserves · +33% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Wea Insurance Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Wea Insurance Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Ensuring peace of mind along the healthcare journey through compassionate employees who proudly deliver exceptional services.
What they do
Performance of services necessary for the operation of the wisconsin education association insurance trust (wea trust), including the payment of claims and related administrative costs association with trust benefit plans using trust funds.
Contact & location
Financial trends
Revenue declined from $617.9M (FY2013) to $22.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $476.8MNet assets $75.3M
Operating margin
33.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$552.1M
Total liabilities
$476.8M
Net assets
$75.3M
Salaries & benefits
$2.5M
16% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $22,425,092▼27.3% | $14,992,772▼79.6% | $75,274,114▼16.4% | $552,068,528▼1.0% | 990 |
| 2023 | $30,839,946▼94.7% | $73,421,006▼88.1% | $90,041,953▲146% | $557,431,694▼7.2% | 990 |
| 2022 | $579,871,189▼16.2% | $616,649,093▼16.1% | $36,656,335▼79.9% | $600,975,134▼24.2% | 990 |
| 2021 | $692,190,590▲1.3% | $735,062,535▲11.1% | $182,053,924▼23.0% | $792,635,009▼2.1% | 990 |
| 2020 | $683,531,610▲11.1% | $661,532,572▲3.6% | $236,511,969▲29.4% | $809,951,534▲13.6% | 990 |
| 2019 | $615,393,234▼1.4% | $638,612,813▲4.1% | $182,724,433▲10.4% | $712,836,642▲7.2% | 990 |
| 2018 | $623,900,829▲28.4% | $613,650,411▲25.4% | $165,580,830▼5.7% | $664,672,752▲0.1% | 990 |
| 2017 | $485,862,380▼8.9% | $489,301,677▼4.2% | $175,511,892▲17.3% | $663,864,126▲2.8% | 990 |
| 2016 | $533,221,392▼6.8% | $510,758,041▼18.7% | $149,625,404▲2.9% | $646,033,217▼0.4% | 990 |
| 2015 | $572,432,209▼9.4% | $627,926,704▼7.3% | $145,429,813▼31.7% | $648,939,594▼6.2% | 990 |
| 2014 | $631,938,197▲2.3% | $677,222,858▲2.0% | $212,774,568▼18.3% | $692,017,768▼4.3% | 990 |
| 2013 | $617,877,610 | $663,633,864▼2.5% | $260,405,325▼9.7% | $723,052,183▲3.0% | 990 |
| 2012 | — | $680,497,007▼14.7% | $288,232,200▲30.1% | $701,792,235▲9.0% | 990 |
| 2011 | — | $798,121,592▼9.8% | $221,462,504▼5.0% | $643,667,925▼1.6% | 990 |
| 2010 | — | $884,788,178 | $233,220,691 | $654,384,936 | 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.
Leadership & compensation (FY2024)
Highest-paid: Vaughn Vance — $208,114 (1.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Vaughn Vance | President & Ceo | 20 | $208,114 |
| Barb Ruegsegger | Vice President & Corporate Secretary | 20 | $89,062 |
| Jim Krueger | Controller & Corporate Treasurer | 10 | $11,484 |
| Mary Theisen | Board Member, Chair | 2.25 | $2,586 |
| Margaret Guertler | Board Member, Vice Chair | 2.25 | $2,519 |
| Heather Mielke | Board Member, Secretary/treasurer | 2.25 | $1,979 |
| Mike Halloran | Board Member | 1.25 | $1,350 |
| Amy Johnson | Board Member | 1.25 | $1,200 |
| Carol Kettner | Board Member | 1.25 | $1,150 |
| Shelly Krajacic | Board Member | 1.25 | $1,100 |
| Peggy Wirtz-olsen | Board Member | 1.25 | $950 |
| Sarah Kruger | Board Member | 1.25 | $950 |
| Andrew Staab | Board Member | 1.25 | $900 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nob Hill Investments LLC | Building Rental | $2,053,135 |
| Milliman | Actuarial Services | $479,518 |
| Dewitt Ross & Stevens Law Firm | Legal Services | $372,737 |
| Benafica | Individual Choice Health Reimbursement A | $360,182 |
| Baker Tilly Us LLP | Audit/accounting Services | $165,138 |
Grants made · $16K in FY2018
1 grant totaling $16K in FY2018. All grants made by Wea Insurance Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way Worldwide | Donation to united way | $15,750 |
Frequently asked questions
- Is Wea Insurance Corporation a legitimate nonprofit?
- Yes. Wea Insurance Corporation is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 39-1519322, based in Madison, Wisconsin.
- What is Wea Insurance Corporation's EIN?
- Wea Insurance Corporation's Employer Identification Number (EIN) is 39-1519322.
- How much revenue does Wea Insurance Corporation report?
- Wea Insurance Corporation reported $22,425,092 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Wea Insurance Corporation's highest-paid employee make?
- The highest reported compensation on Wea Insurance Corporation's latest Form 990 is $208,114, paid to Vaughn Vance (President & Ceo).
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Data for Wea Insurance Corporation (EIN 39-1519322) 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.