Wisconsin Assoc of School District Admin Veba Trust

Nonprofit profile at a glance

EIN
464069950
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Madison, WI, USA
Phone
5637443885
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Insurance Providers

Reported finances

Revenue
$23,643
Expenses
$15,274
Assets
$137,772

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • BARBARA SRAMEK (PRESIDENT)
  • JON BALES (EXECUTIVE DIRECTOR)

People named in this filing

  • BARBARA SRAMEK (PRESIDENT)
  • JON BALES (EXECUTIVE DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Voluntary employees' beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.

What it reported doing in 2024

Total expense is comprised of health care benefits paid to eligible participants. Total revenue represents the organization s program-related contributions to the veba trust for the purpose of funding retiree health care benefits to eligible participants.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35.4%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 9.02; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: 57.2% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -10.3% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $15K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 7 of 7 current checks pass
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.