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Nonprofit · EIN 39-1519322

WEA INSURANCE CORPORATION

Tax-exempt · MADISON, WI 53725

Financials

$30.8M$73.4M2023$22.4M$15M2024
Revenue Expenses · by fiscal year end
Financials of WEA INSURANCE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$22,425,092$14,992,772$7,432,320$552,068,528$476,794,414$75,274,114
December 31, 2023990$30,839,946$73,421,006-$42,581,060$557,431,694$467,389,741$90,041,953
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,563,671
Investment income
$19,716,190
Net gain from sales of assets
-$5,156,907
Other revenue
$145,231

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$7,113,435
Compensation of officers, directors and key employees
$380,489
Other salaries and wages
$1,546,093
Salaries, compensation and benefits (total)
$2,460,606
Professional fundraising fees
$0
Legal fees
$438,214
Accounting fees
$168,553
Occupancy
$1,393,739
Travel
$793
Depreciation
$35,988

Balance sheet and other

Total assets, start of year
$557,431,694
Total assets, end of year
$552,068,528
Total liabilities, end of year
$476,794,414
Net assets, end of year
$75,274,114
Land, buildings and equipment
$198,909
Publicly traded securities
$519,589,979
Gross unrelated business income
$159,811
Gross receipts
$294,832,385
Employees
0
Volunteers
0
Year formed
1985
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
VAUGHN VANCEPRESIDENT & CEO
Officer
20$208,114$208,114$66,096
BARB RUEGSEGGERVICE PRESIDENT & CORPORATE SECRETARY
Officer
20$89,062$89,062$48,194
JIM KRUEGERCONTROLLER & CORPORATE TREASURER
Officer
10$11,484$11,484$0
MARY THEISENBOARD MEMBER, CHAIR
Trustee or director, Officer
2.25$2,586$2,586$0
MARGARET GUERTLERBOARD MEMBER, VICE CHAIR
Trustee or director, Officer
2.25$2,519$2,519$0
HEATHER MIELKEBOARD MEMBER, SECRETARY/TREASURER
Trustee or director, Officer
2.25$1,979$1,979$0
MIKE HALLORANBOARD MEMBER
Trustee or director
1.25$1,350$1,350$0
AMY JOHNSONBOARD MEMBER
Trustee or director
1.25$1,200$1,200$0
CAROL KETTNERBOARD MEMBER
Trustee or director
1.25$1,150$1,150$0
SHELLY KRAJACICBOARD MEMBER
Trustee or director
1.25$1,100$1,100$0
PEGGY WIRTZ-OLSENBOARD MEMBER
Trustee or director
1.25$950$950$0
SARAH KRUGERBOARD MEMBER
Trustee or director
1.25$950$950$0
ANDREW STAABBOARD MEMBER
Trustee or director
1.25$900$900$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
VAUGHN VANCEPRESIDENT & CEO
Officer
20$199,191$199,191$63,388
DAWN WITEKVP OF FINANCE & ACCOUNTING
Officer
20$149,020$114,728$17,628
BARB RUEGSEGGERVP & CORPORATE SECRETARY
Officer
20$88,323$88,323$46,086
MARY THEISENBOARD MEMBER, CHAIR
Trustee or director, Officer
2.25$2,489$3,514$0
MARGARET GUERTLERBOARD MEMBER, VICE CHAIR
Trustee or director, Officer
2.25$1,789$2,864$0
HEATHER MIELKEBOARD MEMBER, SECRETARY/TREASURER
Trustee or director, Officer
2.25$1,600$2,189$0
MIKE HALLORANBOARD MEMBER
Trustee or director
1.25$1,575$1,800$0
AMY JOHNSONBOARD MEMBER
Trustee or director
1.25$1,550$1,800$0
ANDREW STAABBOARD MEMBER
Trustee or director
1.25$1,450$1,700$0
CAROL KETTNERBOARD MEMBER
Trustee or director
1.25$1,150$1,650$0
SARAH KRUGERBOARD MEMBER
Trustee or director
1.25$1,250$1,500$0
SHELLY KRAJACICBOARD MEMBER
Trustee or director
1.25$1,050$1,450$0
PEGGY WIRTZ-OLSENBOARD MEMBER
Trustee or director
1.25$950$1,250$0

Address and contacts

Address (IRS master file)
PO BOX 259537, MADISON, WI 53725-9537
Principal officer (990 for 2024)
VAUGHN VANCE, 33 NOB HILL ROAD, MADISON, WI 53713
Signed the 990
VAUGHN VANCE, PRESIDENT & CEO
Phone
(800) 279-4000
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROGRAMS PROVIDE BENEFITS TO APPROXIMATLEY 6,000 LIFE PARTICIPANTS, 100 LONG TERM DISABILITY PARTICIPANTS, AND 12,500 LONG TERM CARE PARTICIPANTS. THE COMPANY NO LONGER HAS ANY MEMBERS WITH VISION BENEFITS.
  • PERFORMANCE OF SERVICES NECESSARY FOR THE OPERATION OF THE WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST (WEA TRUST), INCLUDING THE PAYMENT OF CLAIMS AND RELATED ADMINISTRATIVE COSTS ASSOCIATION WITH TRUST BENEFIT PLANS USING TRUST FUNDS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1519322
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$552,068,528
Income (IRS master file)
$294,832,385

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$22,425,092$14,992,772$552,068,528IRS
990December 2023$30,839,946$73,421,006$557,431,694XML
990December 2022$579,871,189$616,649,093$600,975,134IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1519322).

Questions about WEA INSURANCE CORPORATION

What is the EIN of WEA INSURANCE CORPORATION?
The employer identification number (EIN) of WEA INSURANCE CORPORATION is 39-1519322.
Is WEA INSURANCE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1988.
Are donations to WEA INSURANCE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WEA INSURANCE CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WEA INSURANCE CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WEA INSURANCE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WEA INSURANCE CORPORATION?
The 990 for the year ended December 31, 2024 names VAUGHN VANCE.
Who are the officers and directors of WEA INSURANCE CORPORATION?
The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $208,114 (VAUGHN VANCE, PRESIDENT & CEO).
How much revenue does WEA INSURANCE CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $22,425,092, expenses of $14,992,772 and total assets of $552,068,528 at year end.

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