2025-06-11T14:30:46-07:00 2024-12-31 990 2024-01-01 840955267 WESTERN GUARANTY FUND SERVICES WEST 3037595066 1873 So Bellaire St Ste 920 Denver CO 80222 Chad Anderson President 3037595066 2025-05-30 1 2024 2025-03-06 01:10:19Z Chad Anderson 1873 South Bellaire St Ste 920 Denver CO 80222 2650520 0 X www.wgfs.org X 1986 CO To provide exceptional management and administrative services to member guaranty associations, ensuring their statutory and operational duties are carried out, while managing the financial and operational risks of the member associations and WGFS. 7 7 14 0 0 0 0 0 2281075 2650520 0 0 0 0 2281075 2650520 0 0 0 0 1623705 1916492 0 0 0 657370 734028 2281075 2650520 0 0 1069171 931547 1069171 931547 0 0 To provide exceptional management and administrative services to member guaranty associations, ensuring their statutory and operational duties are carried out, while managing the financial and operational risks of the member guaranty associations and Western Guaranty Fund Services. 0 0 2385468 0 2650520 Western Guaranty Fund Services provides accounting, administration and management for seven property and casualty insurance guaranty associations. In total, over 8,400 checks were issued paying over $13 million to claimants and providers during 2024. At year end, there were 486 open claims with over $96 million in estimated future claim obligations. 0 0 0 2385468 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 14 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Western Guaranty Fund Services 3037595066 1873 South Bellaire Street Suite 920 Denver CO 80222 Chad Anderson President 50 0 X 255140 0 47261 Lorraine Segedie Controller/CFO 50 0 X 195428 0 30867 Alex Rambau IT/Admin Manager 50 0 X 179411 0 19660 Claudia Renegar Claim Manager 50 0 X 133275 0 25444 Chris Brown rep for KS Board Chair 1 0 X 0 0 0 Kim Decker rep for CO Board Vice-Chair 1 0 X 0 0 0 Brennan Neville rep for NE Board Member 1 0 X 0 0 0 John Graham rep for ID Board Member 1 0 X 0 0 0 Kerri Bekker rep for MT Board Member 1 0 X 0 0 0 John Hedegard rep for WA Board Member 1 0 X 0 0 0 Troy Lumaye rep for WY Board Member 1 0 X 0 0 0 763254 0 123232 4 0 1 0 Centerra Prime LLC 3200 E Cherry Creek South Suite 125 Denver CO 80209 Rent 139773 Faegre Drinker Biddle & Reath LLP 300 North Meridian Street Suite 2500 Indianapolis IN 46204 Legal 253473 2 0 Member Assessments 541900 2650520 2650520 0 0 0 0 0 0 2650520 0 0 0 0 0 2650520 2650520 0 0 528696 475826 52870 0 0 1032574 929317 103257 0 69234 62311 6923 0 172549 155294 17255 0 113439 102095 11344 0 0 4480 4032 448 0 15716 14144 1572 0 121677 109509 12168 0 32207 28986 3221 0 239336 215402 23934 0 140692 126623 14069 0 38889 35000 3889 0 54784 49306 5478 0 20208 18187 2021 0 45689 41120 4569 0 Education and Training 1033 930 103 0 Property Tax 1837 1653 184 0 Use Tax 10399 9359 1040 0 Company Functions and Donations 7081 6374 707 0 2650520 2385468 265052 0 101521 106679 330053 331471 75298 74838 174574 137530 52689 37044 509610 381515 1069171 931547 201323 194054 867848 737493 1069171 931547 X 0 0 0 0 0 0 1069171 931547 0 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 88323 81903 6420 0 86251 55627 30624 37044 Security Deposit on Office Lease 10271 Deposit for 2025 Annual Meeting 19499 Legal Retainer Fee 1296 Operating Lease - ROU Asset 350449 381515 0 Operating Lease - Short Term 119414 Operating Lease - Long Term 239313 Operating Advances from Members 378766 737493 2650520 0 0 0 0 0 2650520 0 0 0 2650520 2650520 0 0 0 0 0 2650520 0 0 0 2650520 X 1 1 X 0 0 0 Chad Anderson President 245140 0 10000 0 0 0 19940 0 27321 0 302401 0 0 0 Lorraine Segedie Controller/CFO 189928 0 5500 0 0 0 14665 0 16202 0 226295 0 0 0 Alex Rambau IT/Admin Manager 173911 0 5500 0 0 0 13681 0 5979 0 199071 0 0 0 Claudia Renegar Claim Manager 127775 0 5500 0 0 0 10046 0 15398 0 158719 0 0 0 Schedule J, Part I, Line 1a Spousal travel expense is reimbursed for the annual meeting only. The individual is issued a 1099 if the reimbursement is more that $600.00. Form 990, Part VI, Section A, Line 6 The following seven state not-for-profit guaranty associations are members of Western Guaranty Fund Services: -Colorado Insurance Guaranty Association -Idaho Insurance Guaranty Association -Kansas Insurance Guaranty Association -Montana Insurance Guaranty Association -Nebraska Property and Liability Insurance Guaranty Association -Washington Insurance Guaranty Association -Wyoming Insurance Guaranty Association. Form 990, Part VI, Section A, Line 7a Western Guaranty Fund Services is governed by a board of directors consisting of one representative from each member guaranty association's board of directors. These representatives are elected to their state boards by insurance companies that are members of their state association. This board also serves as the executive committee. Form 990, Part VI, Section B, Line 11b The form 990 for Western Guaranty Fund Services was prepared by the Controller and the return was emailed to the board of directors for review prior to filing. Outside tax professionals are consulted as needed. Form 990, Part VI, Section B, Line 12c At the beginning of every board meeting, members of the board are reminded about the potential for conflicts of interest and given the opportunity to discuss any conflicts. On an annual basis, board members are asked to sign that they understand and comply with the conflict-of-interest policy. Form 990, Part VI, Section B, Line 15 Compensation of the President is determined by the board of directors. The average percentage raise for other employees is also approved by the board. A look back at the previous three years are reviewed and occasionally salary studies are performed. Compensation discussion last took place at the board of directors meeting held on December 3, 2024. Form 990, Part VI, Section C, Line 19 Western Guaranty Fund Service's governing documentation and financial statements are available to the public upon request. Needed more time and timely filed form 8868 form and extension.