WEA INSURANCE CORPORATION (EIN 391519322) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

VAUGHN VANCE

Phone

8002794000

Tax Period

2023-01-01 to 2023-12-31

WEA INSURANCE CORPORATION, founded in 1985, is a mid-sized nonprofit that reported $30.8M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $73.4M exceeded revenue, resulting in a 138% operating deficit.

Mission

ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES.

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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 $2,200,063

Investment Income $28,474,925

Other Revenue $164,958

TOTAL REVENUE $30,839,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,261,507

Fundraising Expenses $0

Other Expenses $9,119,126

TOTAL EXPENSES $73,421,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,839,946	$579,871,189	-0.9%
Expenses	$73,421,006	$616,649,093	-0.9%
Net Income	$-42,581,060	$-36,777,904	+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

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

$980,323

Total Directors

$34,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAUGHN VANCE	PRESIDENT & CEO	20.00	Officer	$199,191	$63,388	$461,770
DAWN WITEK	VP OF FINANCE & ACCOUNTING	20.00	Officer	$149,020	$17,628	$281,376
BARB RUEGSEGGER	VP & CORPORATE SECRETARY	20.00	Officer	$88,323	$46,086	$222,732
MARY THEISEN	BOARD MEMBER, CHAIR	2.25	Officer Director	$2,489	$0	$6,003
MARGARET GUERTLER	BOARD MEMBER, VICE CHAIR	2.25	Officer Director	$1,789	$0	$4,653
HEATHER MIELKE	BOARD MEMBER, SECRETARY/TREASURER	2.25	Officer Director	$1,600	$0	$3,789
AMY JOHNSON	BOARD MEMBER	1.25	Director	$1,550	$0	$3,350
MIKE HALLORAN	BOARD MEMBER	1.25	Director	$1,575	$0	$3,375
ANDREW STAAB	BOARD MEMBER	1.25	Director	$1,450	$0	$3,150
CAROL KETTNER	BOARD MEMBER	1.25	Director	$1,150	$0	$2,800
SARAH KRUGER	BOARD MEMBER	1.25	Director	$1,250	$0	$2,750
SHELLY KRAJACIC	BOARD MEMBER	1.25	Director	$1,050	$0	$2,500
PEGGY WIRTZ-OLSEN	BOARD MEMBER	1.25	Director	$950	$0	$2,200

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
2024	No data	No data	No data	No data
2023	$30,839,946	$73,421,006	$557,431,694	$-42,581,060
2022	$579,871,189	$616,649,093	$600,975,134	$-36,777,904
2021	$692,190,590	$735,062,535	$792,635,009	$-42,871,945
2020	$683,531,610	$661,532,572	$809,951,534	$21,999,038
2019	$615,393,234	$638,612,813	$712,836,642	$-23,219,579
2018	$623,900,829	$613,650,411	$664,672,752	$10,250,418

WEA INSURANCE CORPORATION