WESTERN INSURANCE AGENTS ASSOCIATION (EIN 952259541) - 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

1964

Legal Domicile

Principal Officer

STEVEN PETTERSEN

Phone

9164434221

Tax Period

2023-06-01 to 2024-05-31

WESTERN INSURANCE AGENTS ASSOCIATION, founded in 1964, is a small nonprofit that reported $305K in total revenue in fiscal year 2023. Expenses of $295K left a modest 3% surplus.

Mission

EXEMPT PURPOSE IS PROVIDING EDUCATIONAL AND INFORMATIONAL SERVICES TO INDEPENDENT INSURANCE AGENTS.

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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 $187,317

Investment Income $500

Other Revenue $117,000

TOTAL REVENUE $304,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $295,371

TOTAL EXPENSES $295,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,817	$307,012	0.0%
Expenses	$295,371	$301,281	0.0%
Net Income	$9,446	$5,731	+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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COOKSON	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
DAN ELLSWORTH	DIRECTOR	N/A	Director	$0	$0	$0
SUZANNE PATTON	DIRECTOR	N/A	Director	$0	$0	$0
STEVE BOZZUTO	VICE CHAIRMA	N/A	Officer	$0	$0	$0
COLBIE MCRAE	SECRETARY/TR	N/A	Officer	$0	$0	$0
STEVEN PETTERSEN	PRESIDENT	N/A	Officer	$0	$0	$0
STEVE SCHNEIDER	CHAIRMAN	N/A	Officer	$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	No data	No data	No data	No data
2024	$304,817	$295,371	$152,750	$9,446
2023	$307,012	$301,281	$140,847	$5,731
2022	$291,648	$288,757	$136,183	$2,891
2021	$304,523	$278,431	$135,244	$26,092
2020	$302,471	$312,780	$115,940	$-10,309
2019	$352,823	$319,694	$123,994	$33,129
2018	$359,728	$312,822	$96,770	$46,906

WESTERN INSURANCE AGENTS ASSOCIATION