WORLWIDE ASSURANCE FOR EMPLOYEES OF PUBLIC AGENCIES INC (EIN 520742132) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

MONTGOMERY SHANE CANFIELD

Phone

7037908010

Tax Period

2025-01-01 to 2025-12-31

WORLWIDE ASSURANCE FOR EMPLOYEES OF PUBLIC AGENCIES INC, founded in 1943, is a mid-sized nonprofit in the Mutual Benefit sector that reported $41.8M in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 16% operating margin.

Mission

WAEPA IS A NON-PROFIT ASSOCIATION FORMED TO PROMOTE THE HEALTH, WELFAREAND FINANCIAL WELL-BEING OF ITS MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $47,739,644

Investment Income $7,589,385

Other Revenue $48,987

TOTAL REVENUE $55,378,016

Expense Breakdown

Grants Paid $310,000

Salaries & Benefits $7,661,767

Fundraising Expenses $0

Other Expenses $22,268,849

TOTAL EXPENSES $59,739,850

Year-over-Year Comparison

	2025	2024	Change
Revenue	$55,378,016	$55,356,430	+0.0%
Expenses	$59,739,850	$53,685,060	+0.1%
Net Income	$-4,361,834	$1,671,370	-3.6%

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

Employees

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

$1,028,331

Total Directors

Key Employees

$743,411

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COOKE JR	PRESIDENT EFF. AUGUST 25/VP THROUGH JULY 25	5.00	Officer Director	$0	$0	$0
JEAN MOODY-WILLIAMS	VICE PRESIDENT EFF. AUGUST 25/DIR THROUGH JULY 25	2.00	Officer Director	$0	$0	$0
GREGG TREML	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES BRENT JR	SECRETARY EFF. MAY 25	2.00	Officer Director	$0	$0	$0
TIA BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
ERIC HILL	DIRECTOR THROUGH JULY 25	2.00	Director	$0	$0	$0
JAMES MCDONALD	DIRECTOR	2.00	Director	$0	$0	$0
EMILY SU	DIRECTOR	2.00	Director	$0	$0	$0
PAUL POLLOCK	PRESIDENT THROUGH JULY 25/DIR EFF. JULY 25	5.00	Officer Director	$0	$0	$0
JOEL LOVELACE	SECRETARY THROUGH MARCH 25	2.00	Officer Director	$0	$0	$0
PAUL HUANG	DIRECTOR	2.00	Director	$0	$0	$0
WINONA LAKE	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE FRENCH	DIRECTOR	2.00	Director	$0	$0	$0
THERESA THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
M SHANE CANFIELD	CEO	40.00	Officer	$468,216	$126,942	$595,158
LAURA LEE	CFO	40.00	Officer	$326,359	$106,814	$433,173
DAVID WEST	CIO	40.00	Key Emp	$303,405	$69,798	$373,203
STACY OUTLAW	CMO	40.00	Key Emp	$277,232	$92,976	$370,208
ANTHONY ZERANTE	CSO	40.00	Highest	$274,211	$56,107	$330,318
STEPHANIE BAKER	CXO	40.00	Highest	$250,519	$80,683	$331,202
ANDRINE WALKER	CONTROLLER	40.00	Highest	$177,463	$68,707	$246,170
NAQEEB ULLAH	DIRECTOR IT	40.00	Highest	$170,454	$37,736	$208,190
MICHELE SMITH	MARKETING DIRECTOR	40.00	Highest	$170,172	$65,961	$236,133

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	$55,378,016	$59,739,850	$132,746,127	$-4,361,834
2024	No data	No data	No data	No data
2023	$47,907,472	$54,953,654	$127,034,613	$-7,046,182
2022	$41,468,424	$54,590,400	$126,432,611	$-13,121,976
2021	$47,586,387	$56,238,858	$165,780,632	$-8,652,471
2020	$43,014,326	$41,991,615	$161,480,070	$1,022,711
2019	$40,534,265	$40,383,260	$154,205,038	$151,005
2018	$41,803,345	$35,252,067	$136,576,955	$6,551,278

WORLWIDE ASSURANCE FOR EMPLOYEES OF PUBLIC AGENCIES INC