2020-05-27T16:10:41-07:00 2019-12-31 990 2019-01-01 840955267 WESTERN GUARANTY FUND SERVICES WEST 3037595066 1720 South Bellaire Street Ste 408 Denver CO 80222 Chad Anderson President 3037595066 2020-05-31 208.186.77.66 2019 2020-11-06 18:47:13Z Chad Anderson 1720 South Bellaire Street Suite 408 Denver CO 80222 2058600 0 X www.wgfs.org X 1986 CO The organization manages seven property and casualty insurance guaranty associations. 7 7 14 0 0 0 0 0 2015380 2058600 0 0 0 0 2015380 2058600 0 0 0 0 1516810 1627391 0 0 0 498570 431209 2015380 2058600 0 0 467317 483965 467317 483965 0 0 Western Guaranty Fund Services manages seven property and casualty insurance guaranty associations. 0 0 1852740 0 2058600 Western Guaranty Fund Services provides accounting, administration and management for seven property and casualty insurance guaranty associations. In total, over 12,000 checks were issued paying over $11 million to claimants and providers during 2019. At year end, there were 502 open claims with over $124 million in estimated future claim obligations. 0 0 0 1852740 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 14 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Chad Anderson 3037595066 1720 South Bellaire Street Suite 408 Denver CO 80222 Sam Clark rep for WY Board Chair 1 0 X 0 0 0 Kim Decker rep for CO Board Member 1 0 X 0 0 0 Phil Joslin rep for ID Board Member 1 0 X 0 0 0 Chris Brown rep for KS Board Member 1 0 X 0 0 0 Larry Bitterman rep for MT Board Member 1 0 X 0 0 0 Craig Posson rep for NE Board Member 1 0 X 0 0 0 Trent Stoker rep for WA Board Member 1 0 X 0 0 0 Chad Anderson President 50 0 X 175477 0 38934 Lorraine Segedie Controller 50 0 X 134812 0 24522 Tom Kanan Claim Manager 50 0 X 132789 0 23312 Alex Rambau IT/Admin Manager 50 0 X 120575 0 22125 563653 0 108893 4 0 1 0 1720 Tower Colorado LLC 2601 Blake Street Suite 200 Denver CO 80205 Rent 128452 1 0 Member Assessments 541900 2058600 2058600 0 0 0 0 0 0 2058600 0 0 0 0 0 2058600 2058600 0 0 373746 336371 37375 934914 841423 93491 69843 62859 6984 155850 140265 15585 93038 83734 9304 33749 30374 3375 13884 12496 1388 7269 6542 727 35420 31878 3542 65282 58754 6528 130737 117663 13074 45052 40547 4505 42217 37995 4222 12361 11125 1236 34017 30615 3402 Education & Training 2621 2359 262 0 Property Tax 346 311 35 0 Sales & Use Tax 2692 2423 269 0 Miscellaneous 5562 5006 556 0 2058600 1852740 205860 0 186226 177656 200483 188477 57317 82055 165495 138606 13187 26889 10104 8888 467317 483965 104130 107076 363187 376889 467317 483965 X 0 0 0 0 0 0 467317 483965 0 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 165495 138606 26889 0 0 0 0 26889 Operating Advances from Members 376889 376889 2058600 0 0 0 0 0 2058600 0 0 0 2058600 2058600 0 0 0 0 0 2058600 0 0 0 2058600 X 1 1 X 0 0 0 Chad Anderson President 165477 0 10000 0 0 0 14376 0 24558 0 214411 0 0 0 Lorraine Segedie Controller 129812 0 5000 0 0 0 10433 0 14089 0 159334 0 0 0 Tom Kanan Claim Manager 128539 0 4250 0 0 0 10104 0 13208 0 156101 0 0 0 Alex Rambau IT/Admin Manager 116325 0 4250 0 0 0 9122 0 13003 0 142700 0 0 0 Schedule J, Part I, Line 1a Spousal travel expense is reimbursed for the annual meeting only. The individual is issued a 1099 if the reimbursement is more than $600.00. Form 990, Part VI, Section A, Line 6 The following seven state not-for-profit guaranty associations are members of Western Guaranty Fund Services: -Colorado Insurance Guaranty Association -Idaho Insurance Guaranty Association -Kansas Insurance Guaranty Association -Montana Insurance Guaranty Association -Nebraska Property and Liability Insurance Guaranty Association -Washington Insurance Guaranty Association -Wyoming Insurance Guaranty Association Form 990, Part VI, Section A, Line 7a Western Guaranty Fund Services is governed by a board of directors consisting of one representative from each member guaranty association's board of directors (usually the chairperson). This board also serves as the executive committee. Form 990, Part VI, Section B, Line 11b The form 990 for Western Guaranty Fund Services was prepared by the Controller and the return was emailed to the board of directors for approval prior to filing. Outside tax professionals are consulted as needed. Form 990, Part VI, Section B, Line 12c At the beginning of every board of directors meeting, the directors are reminded of the potential for conflicts of interest and given the opportunity to identify any conflicts. Form 990, Part VI, Section B, Line 15 Compensation of the President is determined by the board of directors. The average percentage raise for other employees is also approved by the board. Compensation discussion last took place at the board of directors meeting held on December 02, 2019. Form 990, Part VI, Section C, Line 19 The organization's governing documents and financial statements are available to the public upon request. The 990 is also available online.