WESTERN AREA SCHOOL EMPLOYEE BENEF… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

TODD HELLRIGEL

Phone

3098331430

Tax Period

2023-09-01 to 2024-08-31

WESTERN AREA SCHOOL EMPLOYEE BENEFITS TRUST, founded in 1984, is a mid-sized nonprofit in the Mutual Benefit sector that reported $16.9M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

FUNDING VEHICHLE THROUGH WHICH BENEFITS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF THE WESTERN AREA SCHOOL HEALTH BENEFITS PLAN

Program Service Accomplishments

Program 1

PROVISION OF GROUP HEALTH PLAN COVERAGE FOR MEMBERS, SPOUSE, AND DEPENDENTS.

Program 2

PROVISION OF GROUP LIFE AND ACCIDENT INSURANCE COVERAGE FOR FULL-TIME EMPLOYEE MEMBERS AND SPOUSES.

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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 $16,846,996

Investment Income $52,839

Other Revenue $0

TOTAL REVENUE $16,899,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,294,757

TOTAL EXPENSES $16,764,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,899,835	$12,406,288	+0.4%
Expenses	$16,764,456	$13,041,084	+0.3%
Net Income	$135,379	$-634,796	-1.2%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

$1,778,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD HELLRIGEL	CHAIRMAN	5.00		$0	$0	$141,556
SCOTT RIDDLE	BD MEMBER	1.00	Director	$0	$0	$139,037
ANGELA SIMMONS-KENSER	BD MEMBER	1.00	Director	$0	$0	$133,737
KELLE BUNCH	BD MEMBER	1.00	Director	$0	$0	$132,656
DONNA VEILE	SECRETARY	3.00		$0	$0	$131,777
GUY GRADERT	BD MEMBER	1.00	Director	$0	$0	$123,201
MATT KLASKA	BD MEMBER	1.00	Director	$0	$0	$123,094
CHRISTOPHER JANSSEN	BD MEMBER	1.00	Director	$0	$0	$119,164
ERICA SMITH	BD MEMBER	1.00	Director	$0	$0	$118,899
JILL REIS	BD MEMBER	1.00	Director	$0	$0	$116,705
JOHN MEIXNER	BD MEMBER	1.00	Director	$0	$0	$114,607
TECIA LANTZ	BD MEMBER	1.00	Director	$0	$0	$113,341
BETSY WUJEK	BD MEMBER	1.00	Director	$0	$0	$113,065
KYLEE ORR	BD MEMBER	1.00	Director	$0	$0	$110,256
ALISSA TUCKER	BD MEMBER	1.00	Director	$0	$0	$101,426
TODD FOX	BD MEMBER	1.00	Director	$0	$0	$82,411
BRENT O'DANIELL	BD MEMBER	1.00	Director	$0	$0	$80,000
DAVID MESSERSMITH	BD MEMBER	1.00	Director	$0	$0	$57,075
JO CAMPBELL	BD MEMBER	1.00	Director	$0	$0	$0
TODD FOX	BD MEMBER	1.00	Director	$0	$0	$0
JANET GLADU	BD MEMBER	1.00	Director	$0	$0	$0
JAY HARNACK	BD MEMBER	1.00	Director	$0	$0	$0
ANDREA LEE	BD MEMBER	1.00	Director	$0	$0	$0
PAULA MARKEY	BD MEMBER	1.00	Director	$0	$0	$0
JODI SCOTT	BD MEMBER	1.00	Director	$0	$0	$0

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	$16,899,835	$16,764,456	$1,681,333	$135,379
2023	$12,406,288	$13,041,084	$1,430,660	$-634,796
2022	$12,196,404	$14,159,702	$3,185,255	$-1,963,298
2021	$12,593,525	$12,849,831	$3,863,548	$-256,306
2020	$14,293,388	$12,396,581	$4,360,110	$1,896,807
2019	$14,788,553	$15,536,494	$2,827,227	$-747,941

WESTERN AREA SCHOOL EMPLOYEE BENEFITS TRUST