Weac Region 7

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EIN 39-1175604 Mutual-benefit / member-serving Brookfield, WI
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$951K
FY2024▲ +0.9%
Expenses
$1.0M
FY2024▲ +35%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Helps Wisconsin educators bargain, develop skills, and advocate for their rights. For fiscal year 2024 it reported $951K in revenue, $1.0M in expenses, and $467K in net assets.Pt I

Founded
1972
Type
Mutual-benefit / member-serving · Nonprofit
Location
Brookfield, WI
Website
weac.org/region/region7
Filings
5 on file (2020–2024)
Revenue
$951KFY2024
Expenses
$1.0M
Net assets
$467K
People
17
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Size
$100K–1M
What they do
Helps Wisconsin educators bargain, develop skills, and advocate for their rights.
Leadership
Rachel Swick · President (thru Sept) · $6K
Money in and out
$951K revenue, $1.0M expenses
Bottom line
-8% surplus margin
Reported financial activity · FY2024
Total revenue
$951K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$467K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$73K
Surplus margin
-8%
revenue over expenses, this year▼ -140% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$606K
FY2024▼ -8%
Total liabilities
$140K
FY2024▲ +13%
Revenue less expensesPt I · Ln 19−$73K
Total assetsPt X · Ln 16$606K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CWeac Region 7
EINHdr · item D39-1175604
Principal addressHdr · item CBrookfield, WI
WebsiteHdr · item Jweac.org/region/region7
Year of formationHdr · item L1972
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (thru Sept)
$5,500Pt VII · Sec A
Secretary/Treasurer (thru Sept)
$1,500Pt VII · Sec A
Vice President
$1,000Pt VII · Sec A
Weac Board Rep
$1,000Pt VII · Sec A
Secretary/Treasurer (beg Sept)
$0Pt VII · Sec A
President (beg Sept)
$0Pt VII · Sec A
At-Large Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Miguel Salas——$77,343$115,464$115,397—
Miguel Emiliano Salas—————$114,757
Theodore Kraig——$76,894$113,172$112,755$113,769
Steven Cupery———$95,161$111,780$91,474
Elizabeth Ludeman——$76,141$108,947$108,382$109,093
Aquintas Chesir——$72,787$8,325——
Rachel Swick$5,500$5,500$5,500$5,500——
Debra Martin————$5,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The purpose of weac region 7 is to provide a governance structure through which member local associations may cooperatively provide services for their members and carry out the following objectives: provide assistance in obtaining improved wages, hours, and working conditions to school personnel represented by member local associations…

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$799K · 84%
Contributions & grants$126K · 13%
Investment income$13K · 1%
Other revenue$14K · 1%
Program service revenue84%$799K
Contributions & grants13%$126K
Investment income1%$13K
Other revenue1%$14K
Total revenueLn 12$951K

Balance Sheet

Part X · end of year
CashLn 1$268K
Total assetsLn 16$606K
Total liabilitiesLn 26$140K
Total net assetsLn 32$467K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $555K · Operating expenses/yr $1.0M
6.5 months
Where the money goes
Program services
Program services — · Total expenses $1.0M
—
Management & General
Management & general — · Total expenses $1.0M
—
Fundraising
Fundraising — · Total expenses $1.0M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $951K
13%
Government reliance
Government grants — · Total revenue $951K
—
Earned-income share
Program service revenue $799K · Total revenue $951K
84%
Investment reliance
Investment income $13K · Total revenue $951K
+1%
Program self-sufficiency
Program service revenue $799K · Total expenses $1.0M
78%
Growth & trend
Revenue growth (YoY)
This year $951K · Prior year $943K
+0.9%
Revenue CAGR
FY2019 $1.1M · FY2024 $951K
-3%
Net-asset trend (YoY)
End of year $467K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $951K · Expenses $1.0M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $606K
—
Net-asset ratio
Net assets $467K · Total assets $606K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $287K · Total assets (Pt X, ln 16) $606K
47%
People & payroll
Highest Reported Total Compensation
Individual Rachel Swick · Reported title PRESIDENT (THRU SEPT) · Highest reported compensation $6K · Total expenses $1.0M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.0M
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 0.9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$45K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$943K revenue · ⤓ 990 PDF
FY2023$970K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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