Washington Self-Insurers Assoc
- Assets
- $1.1m
- Revenue
- $581.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Olympia, WA
- Founding
- 07/1977
- Data as of
- 06/2022
- EIN
- 91-0985781
Organization Overview
Washington Self-Insurers Assoc is located in Olympia, WA. The organization was established in 1977. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Washington Self-Insurers Assoc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Self-Insurers Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Washington Self-Insurers Assoc generated $581.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $580.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PREMIER INDUSTRY LEADERSHIP AND HIGHEST QUALITY SERVICES IN THE FIELD OF WORKER'S COMPENSATION AND SPECIFICALLY TO PROVIDE SUPPORT TO EMPLOYERS THROUGH LEGISLATION, AND PROVIDE EDUCATIONAL AND TECHNICAL SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WSIA SPONSORS CONFERENCES RELATED TO WORKERS' COMPENSATION LAWS AND REGULATIONS, WORKPLACE SAFETY, AND ACCIDENT PREVENTION. THESE CONFERENCES ARE HELD THROUGHOUT THE YEAR IN VARIOUS LOCATIONS AROUND THE STATE OF WASHINGTON. SUCH CONFERENCES PROVIDE A VENUE FOR EMPLOYER/MEMBERS TO COLLABORATE AND NETWORK AND BECOME MORE INFORMED ABOUT ISSUES AFFECTING THEM AS SELF-INSURERS.
WSIA ACTS AS AN ADVOCATE IN THE LEGISLATURE ON BEHALF OF THOSE EMPLOYERS IN THE STATE OF WASHINGTON WHO SELF-INSURE THEIR WORKERS' COMPENSATION RISK AND BENEFITS PROGRAMS. ADDITIONALLY, THE ASSOCIATION ACTS AS AN ADVOCATE WITH THE DEPARTMENT OF LABOR AND INDUSTRIES AND IS A PROPONENT OF FAIR AND SWIFT ADJUDICATION BY THE BOARD OF INDUSTRIAL INSURANCE APPEALS.
WSIA OFFERS COMPREHENSIVE TRAINING AND EDUCATION RELATED TO WORKERS' COMPENSATION LAWS AND REGULATIONS, WORKPLACE SAFETY, AND ACCIDENT PREVENTION. THESE TRAINING OPPORTUNITIES ARE OFFERED THROUGH MEETINGS, DURING CONFERENCES, AND THROUGH WEBINARS OFFERED THROUGHOUT THE YEAR.
GENERAL EXEMPT FUNCTION OPERATING EXPENSES SUPPORTING THE MISSION OF THE ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Tefft Executive Di | Officer | 40 | $183,019 |
Therese Baxter VP - Legisla | OfficerTrustee | 2 | $0 |
Glenn Hansen Treasurer | OfficerTrustee | 2 | $0 |
Jenny Haykin V.p.- Educat | OfficerTrustee | 2 | $0 |
Carrie Freeland Secretary | OfficerTrustee | 2 | $0 |
Bernie Pratt VP - Associa | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $195,215 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,215 |
| Total Program Service Revenue | $204,887 |
| Investment income | $9,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,294 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,071 |
| Pension plan accruals and contributions | $5,077 |
| Other employee benefits | $11,894 |
| Payroll taxes | $22,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,895 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,433 |
| Fees for services: Other | $3,108 |
| Advertising and promotion | $5,990 |
| Office expenses | $10,098 |
| Information technology | $6,418 |
| Royalties | $0 |
| Occupancy | $8,765 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,056 |
| Insurance | $4,507 |
| All other expenses | $30,924 |
| Total functional expenses | $580,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,935 |
| Savings and temporary cash investments | $214,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $340,055 |
| Investments—publicly traded securities | $522,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $929 |
| Other assets | $0 |
| Total assets | $1,134,005 |
| Accounts payable and accrued expenses | $33,518 |
| Grants payable | $0 |
| Deferred revenue | $41,688 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $359,445 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,496 |
| Total liabilities | $453,147 |
| Net assets without donor restrictions | $680,858 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,134,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Counties Insurance Fund Tumwater, WA | $12,803,774 | $66,207,996 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
Carrix Inc Benefits Trust Seattle, WA | $13,678,947 | $20,538,875 |
United Employees Benefit Trust Tacoma, WA | $48,936,771 | $25,801,114 |
Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
San Diego City Employees Retiree Medical Trust Spokane, WA | $249,053,704 | $31,450,538 |
Washington Life And Disability Guaranty Association Shelton, WA | $17,623,213 | $10,170,457 |
Roofers-49 Welfare Fund Portland, OR | $18,594,666 | $10,766,232 |
Washington Surveying & Rating Bureau Renton, WA | $7,711,093 | $10,036,683 |
Paradigm Indemnity Corporation Corvallis, OR | $60,433,945 | $10,885,201 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
Apartment Employees Welfare Fund Seattle, WA | $5,477,744 | $6,534,681 |