2024-05-15T13:25:58-05:00 2023-12-31 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 391142212 WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST WISC 8002794000 33 NOB HILL ROAD MADISON WI 53713 VAUGHN VANCE PRESIDENT & CEO 8002794000 2024-05-15 1 VAUGHN VANCE 999009999 1 SHELBY NETZ CPA P01405265 4147775500 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X VAUGHN VANCE 33 NOB HILL ROAD MADISON WI 53713 10139142 0 X WEATRUST.ORG X 1970 WI ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 10 10 0 0 0 0 0 0 0 0 -1143462 264841 7490 4280 -1135972 269121 12500 0 0 0 17802 0 0 0 0 761551 868111 791853 868111 -1927825 -598990 76116060 123391637 8010946 1960220 68105114 121431417 X ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 0 1 PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS THROUGH INSURANCE PROGRAMS UNDERWRITTEN BY AN AFFILIATED ORGANIZATION. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUE MORAN 8002794000 33 NOB HILL ROAD MADISON WI 53713 X VAUGHN VANCE PRESIDENT & CEO 20.00 20.00 X 199191 199191 63388 DAWN WITEK VP OF FINANCE & ACCOUNTING 20.00 20.00 X 114728 149020 17628 BARB RUEGSEGGER VP & CORPORATE SECRETARY 20.00 20.00 X 88323 88323 46086 MARY THEISEN BOARD MEMBER, CHAIR 2.25 2.25 X X 3514 2489 0 MARGARET GUERTLER BOARD MEMBER, VICE CHAIR 2.25 2.25 X X 2864 1789 0 HEATHER MIELKE BOARD MEMBER, SECRETARY/TREASURER 2.25 2.25 X X 2189 1600 0 AMY JOHNSON BOARD MEMBER 1.25 1.25 X 1800 1550 0 MIKE HALLORAN BOARD MEMBER 1.25 1.25 X 1800 1575 0 ANDREW STAAB BOARD MEMBER 1.25 1.25 X 1700 1450 0 CAROL KETTNER BOARD MEMBER 1.25 1.25 X 1650 1150 0 SARAH KRUGER BOARD MEMBER 1.25 1.25 X 1500 1250 0 SHELLY KRAJACIC BOARD MEMBER 1.25 1.25 X 1450 1050 0 PEGGY WIRTZ-OLSEN BOARD MEMBER 1.25 1.25 X 1250 950 0 421959 451387 127102 3 0 1 0 WEA INSURANCE CORPORATION 33 NOB HILL ROAD MADISON WI 53713 ADMINISTRATIVE SERVICES 688618 1 390604 390604 9744258 9870021 -125763 -125763 -125763 COMMISSIONS 900099 4280 4280 4280 269121 4280 0 264841 52912 40225 1781 79486 ALLOCATION OF COSTS TO 688618 BANK FEES 5089 868111 1229909 690973 3293539 16157025 38166 31284 168812 0 168812 168812 22497567 4457574 48189856 101761255 698211 124714 76116060 123391637 300 0 8010646 1960220 8010946 1960220 X 0 0 0 0 68105114 121431417 68105114 121431417 76116060 123391637 X -598990 539675 53385618 X 0 0 0 168812 168812 168812 90041953 F PARTNERSHIP INTERESTS 11719302 C 101761255 BENEFITS PAYABLE 1797574 PAYABLE TO AFFILIATES 162646 1960220 X X X 1 0 0 VAUGHN VANCE PRESIDENT & CEO 196526 196526 2665 2665 0 0 16500 16500 15194 15194 230885 230885 0 0 DAWN WITEK VP OF FINANCE & ACCOUNTING 65498 99790 0 0 49230 49230 7870 7870 944 944 123542 157834 0 0 BARB RUEGSEGGER VP & CORPORATE SECRETARY 83437 83437 4811 4811 75 75 7849 7849 15194 15194 111366 111366 0 0 PART I, LINE 3 THE PRESIDENT & CEO SIGNED A BOARD-APPROVED CONTRACT IN 2021 THAT CONFIRMED SALARY ADJUSTMENTS FOR 2022, 2023, AND 2024. IN 2023, THE ORGANIZATION STARTED WORKING WITH AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE APPROPRIATE SALARY ADJUSTMENTS FOR THE PRESIDENT & CEO MOVING FORWARD. PART I, LINE 4A DAWN WITEK RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $68,309. FORM 990, PART III, LINE 3 THE TRUST'S SUBSIDIARIES EXCITED THE HEALTH INSURANCE MARKET EFFECTIVE DECEMBER 31, 2022 AND DID NOT OFFER HEALTH INSURANCE IN 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. ANY AREAS OF CONCERN ARE DISCUSSED AND REVIEWED PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON APPOINTMENT, EACH MEMBER OF THE GOVERNING BODY AND THE OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST POLICY FORM VERIFYING THAT THEY HAVE NO CONFLICT OF INTEREST. EACH YEAR THEREAFTER, THIS FORM IS AGAIN COMPLETED TO CONFIRM THERE HAVE BEEN NO CHANGES IN STATUS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO SIGNED A BOARD-APPROVED CONTRACT IN 2021 THAT CONFIRMED SALARY ADJUSTMENTS FOR 2022, 2023, AND 2024. IN 2023, THE ORGANIZATION STARTED WORKING WITH AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE APPROPRIATE SALARY ADJUSTMENTS FOR THE PRESIDENT & CEO MOVING FORWARD. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART V, LINE 2A AND PART VII, SECTION A: EFFECTIVE IN 2023, WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST (THE TRUST) ENTERED INTO AN AGREEMENT WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PERFORM ITS PAYROLL FUNCTIONS AND THEREFORE, DOES NOT DIRECTLY ISSUE FORMS W-2. OFFICERS AND BOARD MEMBERS OF THE TRUST ALSO SERVED DURING 2023 AS OFFICERS AND BOARD MEMBERS OF WEA INSURANCE CORPORATION (THE CORPORATION), WHICH IS A RELATED ORGANIZATION TO THE TRUST. IT IS ESTIMATED THE OFFICERS AND BOARD MEMBERS AVERAGED 50 PERCENT OF THEIR TIME TO THE TRUST ON A WEEKLY BASIS AND THE REMAINING 50 PERCENT OF THEIR TIME TO THE CORPORATION. AN INTERCOMPANY AGREEMENT BETWEEN THE TRUST AND THE CORPORATION WAS ENTERED INTO IN 2023 AS WELL, STATING 50 PERCENT OF COMPENSATION IS ULTIMATELY PAID BY THE TRUST AND THE REMAINING 50 PERCENT IS PAID BY THE CORPORATION. THE TRUST REIMBURSES THE CORPORATION ON A MONTHLY BASIS BASED ON THE INTERCOMPANY AGREEMENT AND A RECONCILIATION IS PERFORMED AT YEAR-END TO IDENTIFY ANY FURTHER PAYMENTS BETWEEN THE ENTITIES. FORM 990, PART VII, SECTION A: DAWN WITEK, LISTED ON PART VII AS THE VP OF FINANCE AND ACCOUNTING, ENDED HER ROLE AS VP OF FINANCE AND ACCOUNTING EFFECTIVE 07/31/2023. AS OF 08/01/2023, DAWN BEGAN A CONSULTING ARRANGEMENT WITH WEA INSURANCE CORPORATION, A RELATED ORGANIZATION, AND AS SUCH, WAS ISSUED A FORM 1099 OF $34,292 FOR HER SERVICES IN THIS CONSULTING ROLE. THIS AMOUNT IS INCLUDED IN PART VII, SECTION A, COLUMN E. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INVESTMENT IN WEA INSURANCE CORPORATION 53,385,618. WEA INSURANCE CORPORATION 33 NOB HILL ROAD MADISON WI 53713 391519322 INSURANCE PROGRAMS WI 501(C)(9) WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST 1 HEALTH TRADITION HEALTH PLAN 33 NOB HILL ROAD MADISON WI 53713 391545987 HEALTH MAINTENANCE ORGANIZATION WI N/A C 0 NEUGEN LLC 33 NOB HILL ROAD MADISON WI 53713 830949021 SHARED SERVICE ORGANIZATION WI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 WEA INSURANCE CORPORATION O 492679 ACTUAL WEA INSURANCE CORPORATION N 250000 ACTUAL WEA INSURANCE CORPORATION M 688618 AMOUNT PAID