Wholesale & Specialty Insurance Association
Nonprofit profile at a glance
- EIN
- 860140772
- IRS 990 coverage
- 2009–2025
- Forms available
- Form 990 2025
- Location
- Kansas City, MO, USA
- Phone
- 8167413910
- Rating confidence
- Limited
Reported finances
- Revenue
- $16,530,278
- Expenses
- $15,233,104
- Assets
- $29,165,303
- Liabilities
- $6,908,981
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- BRADY KELLEY (CEO & PRESIDENT)
Highest reported compensation
- BRADY KELLEY (CEO & PRESIDENT): $953,872 total reported compensation
- FROSTY MOHN (DIRECTOR OF TECHNOLOGY OPERATIONS): $379,900 total reported compensation
- VANESSA SIMS (DIRECTOR OF TALENT & CULTURE): $348,154 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The wholesale & specialty insurance association (wsia) is the non-profit association of professionals and specialty market leaders dedicated to the wholesale distribution system. (continued on schedule o)wsia represents the interests of its members and the valuable role they play in the insurance market through networking, education, talent recruitment and development, regulatory and legislative advocacy for the wholesale, specialty, and surplus lines industry, and by promoting the value of the wholesale distribution channel.
What it reported doing in 2025
Wsia offers the following opportunities throughout the year to members:* industry networking meetings (the annual marketplace, underwriting summit, u40 connect and edutech connect)* member education (excess & surplus lines program, advanced e&s program, executive leadership summit, collaborative selling and negotiations program, surplus lines management program, online programs, wsia university, underwriting boot camp, and leading people & teams)
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 75
- Accountability: 91
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 63.6%; rating input score 64; 19th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.8%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 17%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 13.2% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 15.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 18 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $954K · 27 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.8M reported
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2025
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.