WESTERN GUARANTY FUND SERVICES (EIN 840955267) - 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

1986

Legal Domicile

Principal Officer

Chad Anderson

Phone

3037595066

Tax Period

2024-01-01 to 2024-12-31

WESTERN GUARANTY FUND SERVICES, founded in 1986, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

To provide exceptional management and administrative services to member guaranty associations, ensuring their statutory and operational duties are carried out, while managing the financial and operational risks of the member associations and WGFS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,650,520

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,650,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,916,492

Fundraising Expenses $0

Program Expenses $2,385,468

Other Expenses $734,028

TOTAL EXPENSES $2,650,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,650,520	$2,281,075	+0.2%
Expenses	$2,650,520	$2,281,075	+0.2%
Net Income	$0	$0	N/A

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

$528,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Anderson	President	50	Officer	$255,140	$47,261	$302,401
Lorraine Segedie	Controller/CFO	50	Officer	$195,428	$30,867	$226,295
Alex Rambau	IT/Admin Manager	50	Highest	$179,411	$19,660	$199,071
Claudia Renegar	Claim Manager	50	Highest	$133,275	$25,444	$158,719
Chris Brown rep for KS	Board Chair	1	Director	$0	$0	$0
Kim Decker rep for CO	Board Vice-Chair	1	Director	$0	$0	$0
Brennan Neville rep for NE	Board Member	1	Director	$0	$0	$0
John Graham rep for ID	Board Member	1	Director	$0	$0	$0
Kerri Bekker rep for MT	Board Member	1	Director	$0	$0	$0
John Hedegard rep for WA	Board Member	1	Director	$0	$0	$0
Troy Lumaye rep for WY	Board Member	1	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
2024	$2,650,520	$2,650,520	$931,547	No data
2023	$2,281,075	$2,281,075	$1,069,171	No data
2022	$2,129,649	$2,129,649	$1,198,570	No data
2021	$1,878,740	$1,878,740	$596,416	No data
2020	$1,836,098	$1,836,098	$600,126	No data
2019	$2,058,600	$2,058,600	$483,965	No data
2018	$2,015,380	$2,015,380	$467,317	No data

WESTERN GUARANTY FUND SERVICES