WSIA TALENT ADVOCACY & ENGAGEMENT … - 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

2020

Legal Domicile

Principal Officer

CARLTON MANER

Phone

8167413910

Tax Period

2025-01-01 to 2025-12-31

WSIA TALENT ADVOCACY & ENGAGEMENT FOUNDATION, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $237K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $690K exceeded revenue, resulting in a 191% operating deficit.

Mission

THE WSIA TALENT ADVOCACY & ENGAGEMENT FOUNDATION WAS FOUNDED IN 2020 TO STIMULATE AND ATTRACT A BROAD PIPELINE OF TALENT FOR THE WHOLESALE, SPECIALTY AND SURPLUS LINES INSURANCE INDUSTRY. (EXPANDED MISSION ON SCHEDULE O)THE FOUNDATION STRIVES TO:- PROVIDE EDUCATION RESOURCES AND PROGRAMS DESIGNED TO CULTIVATE A CULTURE FOR WSIA AND ITS MEMBERSHIP WHERE ALL PEOPLE FEEL SUPPORTED AND HAVE WHAT THEY NEED TO SUCCEED IN THE INDUSTRY;- REMOVE ANY BARRIERS TO ENABLE ALL PEOPLE TO COMPETE ON A LEVEL PLAYING FIELD; AND- FOSTER SYNERGY WITH SIMILAR INITIATIVES AMONG ALL INDUSTRY PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $636,031

THE FOUNDATION WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WHOLESALE & SPECIALTY INSURANCE ASSOCIATION. (CONTINUED ON SCHEDULE O)THE FOUNDATION'S...

THE FOUNDATION WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WHOLESALE & SPECIALTY INSURANCE ASSOCIATION. (CONTINUED ON SCHEDULE O)THE FOUNDATION'S INITIATIVES AND PARTNERSHIPS INCLUDE:- ANNUAL SUMMER INTERNSHIP PROGRAM- ANNUAL ACADEMIC SCHOLARSHIPS- GRANTS TO EXISTING COLLEGE/UNIVERSITY RISK MANAGEMENT AND INSURANCE PROGRAMS- STUDENT SYMPOSIUMS- SUPPORT OF GAMMA IOTA SIGMA (GIS) AND THE GIS FOUNDATION-SUPPORT OF THE NATIONAL VETERANS CHAMBER OF COMMERCE -INCLUSIVE CULTURE INITIATIVES INCLUDING MENTORSHIP, INCLUSIVE LEADERSHIP

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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 (2025)

Revenue Breakdown

Contributions & Grants $212,982

Program Service Revenue $0

Investment Income $23,877

Other Revenue $0

TOTAL REVENUE $236,859

Expense Breakdown

Grants Paid $104,838

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $636,031

Other Expenses $585,558

TOTAL EXPENSES $690,396

Year-over-Year Comparison

	2025	2024	Change
Revenue	$236,859	$628,176	-0.6%
Expenses	$690,396	$537,626	+0.3%
Net Income	$-453,537	$90,550	-6.0%

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

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
CARLTON MANER	CHAIR	2.00	Officer Director	$0	$0	$0
TONY CHIMERA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RAHMAD BAULDRICK	DIRECTOR (TERM START 03/2025)	1.00	Director	$0	$0	$0
CAREY BOND	DIRECTOR	1.00	Director	$0	$0	$0
LAWYER DAVIS	DIRECTOR (TERM START 08/2025)	1.00	Director	$0	$0	$0
THURSTON DAVIS JR	DIRECTOR	1.00	Director	$0	$0	$0
GERALD DUPRE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA GELLER	DIRECTOR (TERM START 03/2025)	1.00	Director	$0	$0	$0
DUFFY KOLLER	DIRECTOR	1.00	Director	$0	$0	$0
LIZ KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
MAYRA PROPIS	DIRECTOR	1.00	Director	$0	$0	$0
JACQUE SCHAENDORF	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY SHAH	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP MCCRORIE	DIRECTOR (TERM END 08/2025)	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	$236,859	$690,396	$2,039,486	$-453,537
2024	$628,176	$537,626	$2,504,162	$90,550
2023	$567,005	$677,783	$2,427,866	$-110,778
2022	$291,515	$350,650	$2,604,368	$-59,135
2021	$1,329,635	$14,282	$2,608,029	$1,315,353
2020	$1,276,440	$11,344	$1,265,096	$1,265,096

WSIA TALENT ADVOCACY & ENGAGEMENT FOUNDATION