2013-06-13T10:28:46-07:00 2012-12-31 990 2012-01-01 840955267 WESTERN GUARANTY FUND SERVICES WEST 3037595066 1720 South Bellaire Street Suite 408 Denver CO 80222 David C Edwards 3037595066 2013-06-30 2012 2016-02-24 21:20:13Z David C Edwards 1720 South Bellaire Street Suite 408 Denver CO 80222 1741496 0 X www.wgfs.org X 1986 CO The organization manages six property and casualty insurance guaranty associations. 6 6 14 0 0 0 0 0 1682570 1741496 0 0 0 0 1682570 1741496 0 0 0 0 1220309 1279488 0 0 0 462261 462008 1682570 1741496 0 0 456283 395900 456283 395900 0 0 Western Guaranty Fund Services manages six property and casualty insurance guaranty associations. 0 0 1567346 0 1741496 Western Guaranty Fund Services provides accounting, administration and management for six property and casualty insurance guaranty associations. In total, over 13,300 checks were issued paying over $12 million to claimants and providers during 2012. At year end, there were 613 open claims with over $115 million in estimated future claim obligations. 0 0 0 1567346 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 21 0 1 14 1 0 0 0 0 0 0 X 6 6 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 1.0 0.0 X 0 0 0 Mike Benschneider 1.0 0.0 X 0 0 0 Phil Joslin 1.0 0.0 X 0 0 0 Richard Wilborn 1.0 0.0 X 0 0 0 Terry L Hunt 1.0 0.0 X 0 0 0 Elizabeth Moceri 1.0 0.0 X 0 0 0 Brandon LaSalle 1.0 0.0 X 0 0 0 Dave Edwards 60.0 0.0 X 161207 0 26306 Lorraine Segedie 50.0 0.0 X 97144 0 19853 Bill Rodgers 50.0 0.0 X 108778 0 21979 Ed Volk 50.0 0.0 X 100152 0 18783 467281 0 86921 4 0 1 0 SM Brell II LP 620 Newport Center Drive Suite 1300 Newport Beach CA 92660 Rent 116716 1 0 Member Assessments 541900 1741496 1741496 0 0 0 0 0 0 1741496 0 0 0 0 0 1741496 1741496 0 0 0 0 0 0 0 0 0 0 304509 243607 60902 0 733347 733347 0 0 0 0 0 0 42438 39948 2490 0 121524 98549 22975 0 77670 73649 4021 0 0 0 0 0 0 0 0 0 10790 10790 0 0 0 0 0 0 0 0 0 0 0 0 7994 7195 799 0 0 0 0 0 51255 46130 5125 0 115258 103732 11526 0 0 0 0 0 116717 99210 17507 0 39185 31348 7837 0 0 0 0 0 26431 21145 5286 0 0 0 0 0 0 0 0 0 78045 51002 27043 0 6763 0 6763 0 Miscellaneous 3988 3703 285 0 Personal Property Tax 825 0 825 0 Sales and Use Taxes 3828 3062 766 0 Education and Training 929 929 0 0 1741496 1567346 174150 0 124337 134311 195361 193944 16362 19763 629308 589030 112619 40278 7604 7604 456283 395900 43664 55622 412619 340278 456283 395900 X 0 0 0 0 0 0 0 0 456283 395900 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 629308 589030 40278 0 0 0 0 40278 0 Operating advance from members 340278 340278 1741496 0 0 0 0 0 1741496 0 0 0 1741496 1741496 0 0 0 0 0 1741496 0 0 0 1741496 X 1 1 X X 0 0 0 Dave Edwards 161207 0 0 0 0 0 9851 0 16455 0 187513 0 184904 0 Lorraine Segedie 97144 0 0 0 0 0 5883 0 13970 0 116997 0 114183 0 Bill Rodgers 108778 0 0 0 0 0 6894 0 15086 0 130758 0 0 0 Ed Volk 100152 0 0 0 0 0 6028 0 12755 0 118935 0 0 0 SchJ_P01_S00_L01a 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. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The following six 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 -Washington Insurance Guaranty Association -Wyoming Insurance Guaranty Association. F990_P06_S0A_L07a 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). F990_P06_S0A_L07b 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. F990_P06_S0B_L11b 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation of the President and Contoller 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 12, 2012. F990_P06_S0C_L19 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 extention on form 8868.