WHOLESALE & SPECIALTY INSURANCE ASSOCIATION (EIN 860140772) - 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

1926

Legal Domicile

Principal Officer

BRADY KELLEY

Phone

8167413910

Tax Period

2023-01-01 to 2023-12-31

WHOLESALE & SPECIALTY INSURANCE ASSOCIATION, founded in 1926, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $12.3M left a modest 10% surplus.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING THE WHOLESALE, SPECIALTY AND SURPLUS LINES INDUSTRY.

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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 $12,948,775

Investment Income $645,311

Other Revenue $0

TOTAL REVENUE $13,594,086

Expense Breakdown

Grants Paid $49,703

Salaries & Benefits $4,011,938

Fundraising Expenses $0

Other Expenses $8,204,120

TOTAL EXPENSES $12,265,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,594,086	$11,959,516	+0.1%
Expenses	$12,265,761	$11,091,715	+0.1%
Net Income	$1,328,325	$867,801	+0.5%

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

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

$849,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE OBENAUER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDA AUSTENFELD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK ALBRECHT	TREASURER	2.00	Officer Director	$0	$0	$0
CARLTON MANER	SECRETARY	2.00	Officer Director	$0	$0	$0
BRYAN CLARK	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
CRISTI CARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA DAVIS	DIRECTOR (TERM START 3/13/23)	1.00	Director	$0	$0	$0
GERALD DUPRE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HOUSER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KESSEL	DIRECTOR (NON-VOTING)	1.00	Director	$0	$0	$0
HENRY LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
PHIL MCCRORIE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCNATT	DIRECTOR (TERM START 3/13/23)	1.00	Director	$0	$0	$0
CHRISTA NADLER	DIRECTOR (TERM START 3/13/23)	1.00	Director	$0	$0	$0
ROBERT SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
CORYN THALMANN	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE WADE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON DAHLKE APPLEGATE	DIRECTOR (TERM END 3/13/23)	1.00	Director	$0	$0	$0
ADAM CARE	DIRECTOR (TERM END 3/13/23)	1.00	Director	$0	$0	$0
DAVIS D MOORE	PAST PRESIDENT (TERM END 3/13/23)	1.00	Director	$0	$0	$0
BRADY R KELLEY	EXECUTIVE DIRECTOR	40.00	Officer	$653,487	$195,788	$849,275
KERI KISH	GENERAL COUNSEL & POLICY DIRECTOR	40.00	Highest	$291,128	$38,557	$329,685
JULIE FRITZ	DIRECTOR OF OPERATIONS	40.00	Highest	$270,784	$43,209	$313,993
VANESSA SIMS	DIRECTOR DIVERSITY EQUITY INCLUSION	40.00	Highest	$259,070	$66,210	$325,280
DEBBIE HILL	DIRECTOR OF EVENTS	40.00	Highest	$261,710	$33,670	$295,380
SUSAN HENDERSON	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$212,083	$51,359	$263,442

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	$13,594,086	$12,265,761	$20,365,176	$1,328,325
2022	$11,959,516	$11,091,715	$18,434,483	$867,801
2021	$8,866,065	$7,600,252	$18,822,965	$1,265,813
2020	$6,177,756	$5,770,909	$15,277,085	$406,847
2019	$11,044,938	$9,370,132	$15,661,464	$1,674,806
2018	$9,464,725	$8,247,457	$13,928,188	$1,217,268

WHOLESALE & SPECIALTY INSURANCE ASSOCIATION