2025-11-13T14:56:08-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 391519322 WEA INSURANCE CORPORATION WEAI 8002794000 33 NOB HILL ROAD MADISON WI 53713 VAUGHN VANCE PRESIDENT & CEO 8002794000 2025-11-07 1 1 SHELBY NETZ P01405265 4147775500 2025-11-06 2024 2025-03-06 01:10:19Z VAUGHN VANCE 33 NOB HILL ROAD MADISON WI 53713 294832385 0 X WEATRUST.ORG X 1985 WI ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 10 10 0 0 159811 137966 0 0 2200063 2563671 28474925 19716190 164958 145231 30839946 22425092 0 0 61040373 7113435 3261507 2460606 0 0 0 9119126 5418731 73421006 14992772 -42581060 7432320 557431694 552068528 467389741 476794414 90041953 75274114 ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 0 0 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 194 0 1 0 1 1 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JIM KRUEGER 8002794000 33 NOB HILL ROAD MADISON WI 53713 X MARY THEISEN BOARD MEMBER, CHAIR 2.25 2.25 X X 2586 2586 0 MARGARET GUERTLER BOARD MEMBER, VICE CHAIR 2.25 2.25 X X 2519 2519 0 HEATHER MIELKE BOARD MEMBER, SECRETARY/TREASURER 2.25 2.25 X X 1979 1979 0 MIKE HALLORAN BOARD MEMBER 1.25 1.25 X 1350 1350 0 AMY JOHNSON BOARD MEMBER 1.25 1.25 X 1200 1200 0 CAROL KETTNER BOARD MEMBER 1.25 1.25 X 1150 1150 0 SHELLY KRAJACIC BOARD MEMBER 1.25 1.25 X 1100 1100 0 PEGGY WIRTZ-OLSEN BOARD MEMBER 1.25 1.25 X 950 950 0 SARAH KRUGER BOARD MEMBER 1.25 1.25 X 950 950 0 ANDREW STAAB BOARD MEMBER 1.25 1.25 X 900 900 0 VAUGHN VANCE PRESIDENT & CEO 20.00 20.00 X 208114 208114 66096 BARB RUEGSEGGER VICE PRESIDENT & CORPORATE SECRETARY 20.00 20.00 X 89062 89062 48194 JIM KRUEGER CONTROLLER & CORPORATE TREASURER 10.00 9.50 X 11484 11484 0 323344 323344 114290 2 0 1 0 NOB HILL INVESTMENTS LLC 10 E DOTY STREET SUITE 300 MADISON WI 53714 BUILDING RENTAL 2053135 MILLIMAN 15800 BLUEMOUND RD STE 100 BROOKFIELD WI 53005 ACTUARIAL SERVICES 479518 DEWITT ROSS & STEVENS LAW FIRM 2 EAST MIFFLIN STREET SUITE 600 MADISON WI 53703 LEGAL SERVICES 372737 BENAFICA 6701 UPPER AFTON RD STE 200 SAINT PAUL MN 55125 INDIVIDUAL CHOICE HEALTH REIMBURSEMENT A 360182 BAKER TILLY US LLP 4807 INNOVATE LN MADISON WI 53707 AUDIT/ACCOUNTING SERVICES 165138 7 CONTRIBUTIONS EARNED 524114 1789671 1789671 ADMINISTRATIVE SERVICE 561000 774000 774000 2563671 24873097 159811 24713286 267250386 272407293 -5156907 -5156907 -5156907 SETTLEMENT PROCEEDS 900099 114605 114605 OTHER INCOME 900099 30626 30626 145231 22425092 2708902 159811 19556379 7113435 380489 1546093 173509 218733 141782 1528 438214 168553 1142499 1174865 72994 378609 1393739 793 71296 35988 234262 EQUIPMENT 207736 INSURANCE DEPT LICENSES 97655 14992772 755686 2066197 28557644 13653236 1210 0 475503 298173 595111 396202 207081 198909 511054889 519589979 403627 170287 15976054 16091747 557431694 552068528 17048729 16982145 145689 144618 450195323 459667651 467389741 476794414 X 2000000 2000000 0 0 88041953 73274114 90041953 75274114 557431694 552068528 X 7432320 -10703177 -160 -11496822 X 0 1 X 1 0 383234 209822 173412 211877 186380 25497 198909 BENEFITS PAYABLE 450245225 LEASE LIABILITY 9422426 459667651 X PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, WHICH PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CORPORATION DID NOT RECORD ANY UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2024 AND 2023. THE CORPORATION DOES NOT BELIEVE THAT IT IS REASONABLY POSSIBLE THAT ITS UNRECOGNIZED TAX BENEFITS WOULD MATERIALLY CHANGE IN THE NEXT TWELVE MONTHS. THE CORPORATIONS POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF OTHER EXPENSES. AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2049221 0 0 0 0 0 0 2049221 0 2049221 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART IV: WEA INSURANCE CORPORATION INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, WEA INSURANCE CORPORATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT WEA INSURANCE CORPORATION IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ANNUAL FORM 990-T. X X X 0 0 0 VAUGHN VANCE PRESIDENT & CEO 202114 202114 6000 6000 0 0 17250 17250 15798 15798 241162 241162 0 0 BARB RUEGSEGGER VICE PRESIDENT & CORPORATE SECRETARY 83062 83062 6000 6000 0 0 8299 8299 15798 15798 113159 113159 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. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THREE (3) OR MORE DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, BUT ONLY TO THE EXTENT WHICH SUCH POWER AND AUTHORITY SHALL BE DELEGATED TO SUCH EXECUTIVE COMMITTEE IN THE RESOLUTION APPOINTING THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 WISCONSIN ASSOCIATION EDUCATION INSURANCE TRUST ELECTS ALL BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST ELECTS ALL BOARD MEMBERS. 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 WEA INSURANCE CORPORATION IS REGULATED BY THE OFFICE OF THE COMMISSIONER OF INSURANCE (OCI) OF THE STATE OF WISCONSIN. WEA IS REQUIRED TO SUBMIT ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FINANCIAL STATEMENTS TO THE OCI. THESE DOCUMENTS THEN BECOME A MATTER OF PUBLIC RECORD. THESE DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART V, LINE 2A, PART VII, SECTION A, AND PART IX, LINE 5: A RELATED ORGANIZATION, WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST (THE TRUST), HAS 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 2024 AS OFFICERS AND BOARD MEMBERS OF WEA INSURANCE CORPORATION (THE CORPORATION). 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 EFFECTIVE IN 2024 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 XI, LINE 9: UNREALIZED GAIN IN NEUGEN HEALTH -233,339. CHANGE IN RESERVES -11,263,483. WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST 33 NOB HILL RD MADISON WI 53713 391142212 VEBA TRUST WI 501(C)(9) N/A 0 NEUGEN LLC 33 NOB HILL ROAD MADISON WI 53713 830949021 SHARED SERVICE ORGANIZATION WI WEA INSURANCE CORPORATION C 1164 170284 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST O 373864 ACTUAL WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST N 250000 ACTUAL WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST L 774000 AMOUNT PAID