Wea Insurance Corporation

Organization Overview

Wea Insurance Corporation is located in Madison, WI. The organization was established in 1988. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2018, Wea Insurance Corporation employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Wea Insurance Corporation generated $615.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $638.6m during the year ending 12/2019. While expenses have increased by 0.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE HEALTH AND FINANCIAL SECURITY OF PARTICIPANTS BY PROVIDING EXCELLENT BENEFIT PROGRAMS AND OUTSTANDING PERSONAL SERVICE THAT RESPECTS THE DIGNITY AND WORTH OF EVERY MEMBER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH INSURANCE PROGRAMS PROVIDE BENEFITS FOR APPROXIMATELY 46,900 HEALTH PARTICIPANTS, 275 LONG-TERM DISABILITY PARTICIPANTS, 2,900 VISION PARTICIPANTS, AND 8,200 LONG TERM CARE PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Member
$550

Outside Vendors & Contractors

Vendor Name (Service)Compensation
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Nob Hill Investments Llc
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$1,593,179
Healthedge Software Inc
Information Technology
$1,493,283
Equian Llc
Payment Integrity Services
$1,333,302
Associated Financial Group
Insurance Agency And Brokerage
$1,294,327
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $16,650,435
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,434,071
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $615,393,234

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