Waepa
Legal name: Worlwide Assurance for Employees of Public Agencies Inc
Nonprofit profile at a glance
- EIN
- 520742132
- IRS 990 coverage
- 2011–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- McLean, VA, US
- Phone
- 1-800-368-3484
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Government)
Reported finances
- Revenue
- $55,378,016
- Expenses
- $59,739,850
- Assets
- $132,746,127
- Liabilities
- $4,559,140
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- KEVIN COOKE JR (PRESIDENT EFF. AUGUST 25/VP THROUGH JULY 25)
- JEAN MOODY-WILLIAMS (VICE PRESIDENT EFF. AUGUST 25/DIR THROUGH JULY 25)
- PAUL POLLOCK (PRESIDENT THROUGH JULY 25/DIR EFF. JULY 25)
- M SHANE CANFIELD (CEO)
Highest reported compensation
- M SHANE CANFIELD (CEO): $595,158 total reported compensation
- LAURA LEE (CFO): $433,173 total reported compensation
- DAVID WEST (CIO): $373,203 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
WAEPA provides group term life insurance and short-term disability insurance to federal employees and their families, offering coverage that supplements FEGLI and other government benefits.
What it reported doing in 2025
Provide seminars on financial and retirement planning and writtenguides on federal employment related issues, on participation in thefederal employee health program offered through the federal government, and on qualifications for federal student aid.
Operating model
- Revenue model
- Earned-program. 93% 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: 73
- Accountability: 100
- Sustainability: 30
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 2.22; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 8th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $595K · 23 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Operating margin scored 4/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 19/100.