WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND (EIN 396046865) - 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

1956

Legal Domicile

Principal Officer

CHARLIE SCHMALZ

Phone

6082322061

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND, founded in 1956, is a mid-sized nonprofit that reported $22.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.

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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 $22,078,455

Investment Income $4,839

Other Revenue $325,014

TOTAL REVENUE $22,408,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,000

Fundraising Expenses $0

Other Expenses $387,295

TOTAL EXPENSES $22,426,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,408,308	$19,698,341	+0.1%
Expenses	$22,426,092	$19,746,285	+0.1%
Net Income	$-17,784	$-47,944	-0.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS JENSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLIE SCHMALZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY SCHUELER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL ADAMSKI	TREASURER	1.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	2.00		$6,000	$0	$6,000

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	$22,408,308	$22,426,092	$498,868	$-17,784
2022	$19,698,341	$19,746,285	$516,652	$-47,944
2021	$8,671,517	$8,773,801	$545,730	$-102,284
2020	$8,508,386	$8,504,987	$738,700	$3,399
2019	$9,428,492	$9,426,345	$640,129	$2,147
2018	$11,169,668	$11,206,216	$635,264	$-36,548

WISCONSIN BANKERS ASSOCIATION INSURANCE TRUST FUND