WESTERN PAYMENTS ALLIANCE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

WILLIAM J SCHOCH

Phone

4154331230

Tax Period

2023-01-01 to 2023-12-31

WESTERN PAYMENTS ALLIANCE, founded in 1972, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.4M left a modest 6% surplus.

Mission

AS AN INNOVATIVE PAYMENTS ASSOCIATION, WESPAY IS DEDICATED TO GUIDING AND EMPOWERING PROFESSIONALS IN THE FINANCIAL SERVICES AND PAYMENTS INDUSTRIES WITH EDUCATION, INFORMATION, ADVISORY AND ADVOCACY SERVICES.

Program Service Accomplishments

Program 1

MEMBER EDUCATION - WESTERN PAYMENTS ALLIANCE OFFERS TRAINING IN 3 CHANNELS: FACE-TO-FACE WORKSHOPS, WEBINARS AND WEBCASTS. WESPAY OFFERS IN-HOUSE MEMBER TRAINING AND MEMBER-SPONSORED CORPORATE...

MEMBER EDUCATION - WESTERN PAYMENTS ALLIANCE OFFERS TRAINING IN 3 CHANNELS: FACE-TO-FACE WORKSHOPS, WEBINARS AND WEBCASTS. WESPAY OFFERS IN-HOUSE MEMBER TRAINING AND MEMBER-SPONSORED CORPORATE TRAINING. PROFESSIONAL DEVELOPMENT PROGRAMS INCLUDE PREPARATION FOR NATIONAL CERTIFICATIONS, CERTIFICATES OF ACCOMPLISHMENT, ANNUAL SYMPOSIUMS, AND SPECIALIZED FORUMS.

Program 2

ADVISORY SERVICES INCLUDE RULE AND COMPLIANCE ADVICE FOR VARIOUS PAYMENT CHANNELS THAT INCLUDE ACH, CHECK, WIRE, MOBILE, REMOTE DEPOSIT CAPTURE, CARD AND INSTANT PAYMENTS.

Program 3

INFORMATION SERVICES INCLUDE PAYMENTS HOTLINE, WEBSITE AND MONTHLY MEMBER COMMUNICATIONS. THE ORGANIZATION'S WEBSITE AND MEMBER PORTAL ARE CRITICAL INTERFACE WITH ITS MEMBERS FOR MEMBER...

INFORMATION SERVICES INCLUDE PAYMENTS HOTLINE, WEBSITE AND MONTHLY MEMBER COMMUNICATIONS. THE ORGANIZATION'S WEBSITE AND MEMBER PORTAL ARE CRITICAL INTERFACE WITH ITS MEMBERS FOR MEMBER COMMUNICATIONS. THE ORGANIZATION HAS A MONTHLY DIGEST OF PAYMENT EVENTS AND WEEKLY RULES REMINDERS. IN ADDITION, IT HOSTS FREE QUARTERLY MEMBERSHIP UPDATES. A VIRTUAL MEMBER COMMUNITY, CONNECT, WAS ESTABLISHED TO ENABLE MEMBERS' INTERACTION TO POST INFORMATION, QUESTIONS AND UPDATES FOR OTHER MEMBERS TO READ AND PROVIDE RESPONSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,535,576

Investment Income $151,973

Other Revenue $3,840

TOTAL REVENUE $5,691,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,644,908

Fundraising Expenses $0

Other Expenses $1,714,802

TOTAL EXPENSES $5,359,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,691,389	$5,168,357	+0.1%
Expenses	$5,359,710	$4,899,540	+0.1%
Net Income	$331,679	$268,817	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$612,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DENOO	CHAIR	1.50	Director	$0	$0	$0
SHAUN HEGSTED	VICE CHAIR	1.50	Director	$0	$0	$0
AMY FOULKS	SECRETARY	1.50	Director	$0	$0	$0
JESSICA THOMPSON	TREASURER	1.50	Director	$0	$0	$0
STEPHEN MAX	IMMEDIATE PAST CHAIR	1.50	Director	$0	$0	$0
BOB FOOTE	DIRECTOR	1.50	Director	$0	$0	$0
JOE HUSSEY	DIRECTOR	1.50	Director	$0	$0	$0
SANCHIT PURI	DIRECTOR	1.50	Director	$0	$0	$0
DEBRA WENDT	DIRECTOR	1.50	Director	$0	$0	$0
JIM MORRELL	DIRECTOR	1.50	Director	$0	$0	$0
BETH ADAMS	DIRECTOR	1.50	Director	$0	$0	$0
PAMELA FEILMEIER	DIRECTOR	1.50	Director	$0	$0	$0
BRAD GANEY	DIRECTOR	1.50	Director	$0	$0	$0
CHRIS GILES	DIRECTOR	1.50	Director	$0	$0	$0
DAVE HARVEY	DIRECTOR	1.50	Director	$0	$0	$0
JOSE LARA	DIRECTOR	1.50	Director	$0	$0	$0
WILLIAM SCHOCH	PRESIDENT & CEO	40.00	Officer	$566,813	$45,384	$612,197
CHRISTIAN SELMI	SVP, RISK AND COMPLIANCE	40.00	Highest	$276,984	$15,013	$291,997
ANGELA SMITH	SVP, EDUCATION AND EVENTS	40.00	Highest	$222,080	$12,975	$235,055
KIM BICKFORD	SVP, OPERATIONS	40.00	Highest	$199,278	$49,897	$249,175
JOHN CURTIS	SVP, BUSINESS CONSULTING L	40.00	Highest	$196,748	$22,505	$219,253
BRIAN STEARNS	SVP, SUPERVISOR OF RISK	40.00	Highest	$159,143	$45,679	$204,822

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,691,389	$5,359,710	$6,067,219	$331,679
2022	$5,168,357	$4,899,540	$5,569,095	$268,817
2021	$4,947,832	$4,488,292	$5,332,465	$459,540
2020	$4,750,173	$4,260,411	$4,675,587	$489,762
2019	$4,721,129	$4,532,416	$3,909,006	$188,713
2018	$4,463,592	$4,315,415	$3,723,155	$148,177