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  4. WEA Insurance Corporation
EIN 39-1519322

WEA Insurance Corporation

IRS 501(c) type
501(c)(9)
Num. employees
271
City
Madison
State
Wisconsin
Year formed
1985
Most recent tax filings
2019-12
NTEE code, primary
E83: Health Care Financing
Financials as of 2019-12
Revenues
$615.4m↓
-$9m
-1.4%
 
$585m: Prog svcs
 
$17m: Invst income
 
$13m: Non-invt sales, net
Expenses
$638.6m↑
+$25m
4.1%
 
$579m: Memb benef
 
$42m: Expense, other
 
$11m: Fee-for-service, other
 
$6m: Misc other expenses
Assets
$712.8m↑
+$48m
7.2%
 
$649m: Stocks & bonds
 
$22m: Savings
 
$19m: Cash
 
$22m: Misc other assets
Liabilities
$530.1m↑
+$31m
6.2%
 
$495m: Other lia
 
$18m: Accts pay
 
$16m: Defer rev
Description
To promote the health and financial security of Trust participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. To promote the health and financial security of participan...
Related structure
WEA Insurance Corporation is a subordinate organization under Wisconsin Education Association Insurance Trust.

Program areas at WEA Insurance Corporation

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.

Form 990s for WEA Insurance Corporation

Fiscal year endingDate received by IRSFormPDF link
2018-122020-01-03990View PDF
2017-122019-02-21990View PDF
2016-122018-03-14990View PDF
2015-122016-12-15990OView PDF
2014-122015-09-23990OView PDF
...and 5 more Form 990s

Grants made by WEA Insurance Corporation

GranteeGrant descriptionAmount
United Way WorldwideDonation To United Way$15,750

Financials for WEA Insurance Corporation

RevenuesFYE 12/2019
Total grants, contributions, etc.$0
Program services$585,240,976
Investment income and dividends$16,650,435
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$13,434,071
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$67,752
Total revenues$615,393,234

Personnel at WEA Insurance Corporation

NameTitleCompensation
Michael QuistChief Executive Officer and President$406,076
Mike QuistPresident and Chief Executive Officer
Dr. Tim BartholowChief Medical Officer
 Subscribe to viewFinance and Accounting / Vice President of Accounting and Finance / Finance and Accounting$160,467
 Subscribe to viewDirector of Human Resources$128,671
...and 9 more key personnel

Organizations like WEA Insurance Corporation

OrganizationLocationRevenue
Sound Health & Wellness TrustBothell, WA$306,298,087
Wisconsin Counties Association Group Health TrustMadison, WI$355,822,068
Southern Ohio Chamber Alliance Benefit PlanDayton, OH$205,731,624
Healthfirst Health PlanNew York, NY$3,052,522,176
Delta Dental Plan of IndianaLansing, MI$223,420,890
CareSource Kentucky CoLouisville, KY$237,068,323
Cox Health Systems Insurance CompanySpringfield, MO$154,013,219
Indiana University Health Plans NFPIndianapolis, IN$157,571,090
Parkland Community Health PlanDallas, TX$577,252,760
Harvard Pilgrim Health Care of New EnglandWellesley, MA$557,603,687
Fidelis Legacy PlanNew York, NY$856,354,381
SEIU Healthcare NW Health Benefits TrustSeattle, WA$258,351,358
United States Steel Corporation Retiree Insurance Benefits TrustPittsburgh, PA$247,156,145
United Technologies Corporation Employees Benefit Plan TrustNew York, NY$1,000,938,728
Ibm Medical Benefits TrustBrooklyn, NY$1,182,769,304
Dutchess Educational Health InsurancePoughkeepsie, NY$256,374,941
Iowa Bankers Benefit PlanJohnston, IA$166,748,994
Capital Area Schools Health Insurance ConsortiumDelmar, NY$202,159,580
Yale New Haven Health Services Corp VebaProvidence, RI$214,136,286
Hospital Sisters Health System Health Care Plan Trust FundSpringfield, IL$153,948,402
Writers Guild-Industry Health FundBurbank, CA$182,709,201
Group Health Program National Telecommunications Cooperative AssociationArlington, VA$340,216,665
Laborers Health and Welfare Trust Fund for Northern CaliforniaFairfield, CA$404,610,122
Operating Engineers Health and Welfare FundPasadena, CA$255,374,574
Joint Board of Trustees Southwest Carpenters Health and Welfare TrustLos Angeles, CA$458,197,910
Nonprofit Types
Fraternal societiesInsurance companiesHealth organizationsChapter / child organizations
Issues
Health
Characteristics
No full-time employees
Key performance indicators
Total revenues
$615,393,234
2019
Yearly growth
-1.4%
% of revenues
n/a
Total expenses
$638,612,813
2019
Yearly growth
4.1%
% of expenses
n/a
Total assets
$712,836,642
2019
Yearly growth
7.2%
% of assets
n/a
Num. employees
271
2018
Yearly growth
-4.9%
% of total
n/a
General information
Address
45 Nob Hill Road
Madison, WI 53713
Metro area
Madison, WI
Website URL
weatrust.com/ 
Phone
(608) 276-4000
IRS details
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
E83: Health Care Financing
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Subordinate organization
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