2015-06-29T15:27:25-07:00 2014-12-31 990 2014-01-01 840955267 WESTERN GUARANTY FUND SERVICES WEST 3037595066 1720 South Bellaire Street Suite 408 Denver CO 80222 David C Edwards President-WGFS 3037595066 2015-06-30 2014 2016-02-25 16:41:14Z David C Edwards 1720 South Bellaire Street Suite 408 Denver CO 80222 1762454 0 X www.wgfs.org X 1986 CO The organization manages seven property and casualty insurance guaranty associations. 7 7 13 0 0 0 0 0 1714936 1762454 0 0 0 0 1714936 1762454 0 0 0 0 1265774 1337337 0 0 0 449162 425117 1714936 1762454 0 0 362545 491728 362545 491728 0 0 Western Guaranty Fund Services manages seven property and casualty insurance guaranty associations. 0 0 1586209 0 1762454 Western Guaranty Fund Services provides accounting, administration and management for seven property and casualty insurance guaranty associations. In total, over 14,500 checks were issued paying over $11 million to claimants and providers during 2014. At year end, there were 818 open claims with over $143 million in estimated future claim obligations. 0 0 0 1586209 0 0 0 1 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 24 0 1 13 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X David Edwards 3037595066 1720 South Bellaire Street Suite 408 Denver CO 80222 Sam Clark Board Chair 1.0 0 X 0 0 0 Mike Benschneider Board Member 1.0 0 X 0 0 0 Phil Joslin Board Member 1.0 0 X 0 0 0 Chris Brown Board Member 1.0 0 X 0 0 0 Terry L Hunt Board Member 1.0 0 X 0 0 0 Mark Walz Board Member 1.0 0 X 0 0 0 Bill Clumpner Board Member 1.0 0 X 0 0 0 Dave Edwards President 50 0 X 176433 0 25774 Lorraine Segedie Controller 50.0 0 X 108596 0 18373 Tom Kanan Claim Manager 50.0 0 X 105526 0 19231 Chad Anderson IT/HR/Administrative Manager 50.0 0 X 90264 0 19392 480819 0 82770 4 0 1 0 Jeffrey A Barton 975 Kelly Road West Boulder CO 80302 Programming Services 121203 Denver Tower Equities LLC 520 SW 6th Avenue Suite 610 Portland OR 97204 Rent 110772 2 0 Member Assessments 541900 1762454 1762454 0 0 0 0 0 0 1762454 0 0 0 0 0 1762454 1762454 0 0 0 329176 296258 32918 0 0 0 0 0 765277 688749 76528 0 40168 36151 4017 0 122703 110433 12270 0 80013 72012 8001 0 0 0 0 0 0 0 0 0 12113 12113 0 0 0 0 0 0 0 0 0 0 0 0 16898 15208 1690 0 0 0 0 0 48746 43871 4875 0 138237 124413 13824 0 0 0 0 0 110772 99695 11077 0 32489 27616 4873 0 0 0 0 0 26404 22443 3961 0 0 0 0 0 0 0 0 0 20135 20135 0 0 8535 8535 0 0 Miscellaneous 3828 3062 766 0 Personal Property Tax 291 291 0 0 Sales and Use Tax 6669 5224 1445 0 1762454 1586209 176245 0 161335 133568 160374 272939 16837 22088 684067 628538 16395 55529 7604 7604 362545 491728 46150 86199 316395 405529 362545 491728 X 0 0 0 0 0 0 0 0 362545 491728 0 0 0 0 0 0 X 0 1 X 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 684067 628538 55529 0 0 0 0 55529 Operating advances from members 405529 405529 1762454 0 0 0 0 0 1762454 0 0 0 1762454 1762454 0 0 0 0 0 1762454 0 0 0 1762454 X 1 1 X 0 0 0 Dave Edwards President 171433 0 5000 0 0 0 11085 0 14689 0 202207 0 192224 0 Lorraine Segedie Controller 105096 0 3500 0 0 0 6866 0 11507 0 126969 0 119780 0 Tom Kanan Claim Manager 105526 0 0 0 0 0 225 0 19006 0 124757 0 0 0 Chad Anderson IT/HR/Administrative Manager 86764 0 3500 0 0 0 6031 0 13361 0 109656 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. 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). Form 990, Part VI, Section A, Line 7b Western Guaranty Fund Services is governed by a board of directors consisting of one representative from each member guaranty association's board of directors. Governance decisions are subject to approval by the board. 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 e-mailed to the board of directors prior to filing. 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 and discuss 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 8, 2014. Form 990, Part VI, Section C, Line 19 Organization governing documents and financial statements are available to the public upon request. Needed more time and timely filed an extension on form 8868.