WAICU BENEFITS CONSORTIUM INC

EIN: 320086947 Mutual Benefit

MADISON, WI

Total Revenue
$21,694,891
Total Expenses
$19,454,531
Total Assets
$15,711,922
Net Assets
$14,987,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
WI
Principal Officer
ERIC FULCOMER
Phone
6082567761
Tax Period
2024-07-01 to 2025-06-30

WAICU BENEFITS CONSORTIUM INC, founded in 2003, is a mid-sized nonprofit in the Mutual Benefit sector that reported $21.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $19.5M left a modest 10% surplus.

Mission

WAICU BENEFITS CONSORTIUM, INC. WAS ORGANIZED TO ESTABLISH AND MAINTAIN A HEALTH AND WELFARE PLAN FOR THE PAYMENT OF LIFE, SICK, ACCIDENT, AND SIMILAR BENEFITS CONSTITUTING AN "EMPLOYEE WELFARE BENEFIT PLAN" WITHIN THE MEANING OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. THE PLAN IS MAINTAINED FOR THE BENEFIT OF EMPLOYEES OF VARIOUS COLLEGE AND UNIVERSITY MEMBERS OF WAICU.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,893,450
Investment Income $801,441
Other Revenue $0
TOTAL REVENUE $21,694,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,408,353
TOTAL EXPENSES $19,454,531

Year-over-Year Comparison

2024 2023 Change
Revenue $21,694,891 $22,946,367 -0.1%
Expenses $19,454,531 $21,897,877 -0.1%
Net Income $2,240,360 $1,048,490 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

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
2
$80,884
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDRA HOFFMANN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA NAVARRO DIRECTOR 1.00
Director
$0 $0 $0
JAMES JONES DIRECTOR 1.00
Director
$0 $0 $0
DUSTIN B HOOT DIRECTOR 1.00
Director
$0 $0 $0
REBECCA PLOECKELMAN DIRECTOR 1.00
Director
$0 $0 $0
RON JACOBS DIRECTOR 1.00
Director
$0 $0 $0
JOHN SANDERS DIRECTOR 1.00
Director
$0 $0 $0
ERIC FULCOMER PRESIDENT 2.00
Officer
$20,787 $0 $20,787
JENNIFER DEHART SECRETARY/TREASURER 12.00
Officer
$60,097 $0 $60,097
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 $21,694,891 $19,454,531 $15,711,922 $2,240,360
2024 $22,946,367 $21,897,877 $14,027,898 $1,048,490
2023 $23,815,673 $26,521,500 $11,901,634 $-2,705,827
2022 $23,945,306 $24,412,218 $13,047,345 $-466,912
2021 $25,227,868 $21,454,689 $16,409,278 $3,773,179
2020 $23,812,932 $22,475,185 $10,122,795 $1,337,747
2019 $22,308,630 $23,804,286 $8,357,537 $-1,495,656
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