Wyoming Educators Benefit Trust: FY2023 Nonprofit Profile & Form 990 (EIN 74-2382896)

Revenue by fiscal year
FY2020	$116.9M
FY2021	$124.3M
FY2022	$129.0M
FY2023	$136.3M
FY2024	$139.2M
FY2025	$147.5M

Expenses by fiscal year
FY2020	$112.1M
FY2021	$119.5M
FY2022	$134.6M
FY2023	$148.3M
FY2024	$138.8M
FY2025	$147.3M

Net assets by fiscal year
FY2020	$43.0M
FY2021	$53.5M
FY2022	$38.8M
FY2023	$27.5M
FY2024	$29.3M
FY2025	$31.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Grady Hutcherson

Chairperson

$0Pt VII · Sec A

Kim Amen

Trustee

$0Pt VII · Sec A

John Fabela

Trustee

$0Pt VII · Sec A

Dirk Andrews

Trustee

$0Pt VII · Sec A

Richard Luchsinger

Trustee

$0Pt VII · Sec A

Dr Paige Fenton Hughes

Trustee

$0Pt VII · Sec A

Cari Kragovich

Trustee

$0Pt VII · Sec A

Brian Bartz

Trustee

$0Pt VII · Sec A

See Wyoming Educators Benefit Trust executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers health, dental, life, and disability insurance to Wyoming educators.

Questions for Wyoming Educators Benefit Trust

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1 program · in their own filed words · FY2022

01

Provide medical, dental, life & long-term disability coverage for wyoming educators

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$136.3M

Ln 12

Fees for servicesLn 2g$134.7M

Investment incomeLn 3$1.7M

Money outPt IX

$148.3M

Ln 25

Owns and owesPt X

$27.5M

net assets · Ln 32

Cash and savingsLn 1–2$5.6M

Total assetsLn 16$47.3M

LiabilitiesLn 26$19.7M

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$134.7M

Investment incomeLn 3$1.7M

Gains on assetsLn 7$88K

Total revenueLn 12$136.3M

Assets in detailPt X, end of year

CashLn 1$5.6M

Cash and savings togetherLn 1–2$5.6M

InvestmentsLn 11–13$39.5M

Total assetsLn 16$47.3M

LiabilitiesLn 26$19.7M

Net assetsLn 32$27.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$7.6M	$5.6M
InvestmentsLn 11–13	$49.4M	$39.5M
Total assetsLn 16	$62.6M	$47.3M
LiabilitiesLn 26	$23.9M	$19.7M
Net assetsLn 32	$38.8M	$27.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$18K
Lobbying feesLn 11d	$30K
Investment management feesLn 11f	$196K
Other fees for servicesLn 11g	$117K
Advertising and promotionLn 12	$4K
Office expensesLn 13	$2K
Information technologyLn 14	$147K
TravelLn 17	$13K
InsuranceLn 23	$26K
Other expenses (24a–d)Ln 24	$147.7M
All other expensesLn 24e	$30K
Total functional expensesLn 25	$148.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Apr 8, 2026	$147.5M	$147.3M	$226K	$31.5M	990 PDF
FY2024Filed with the IRS Feb 19, 2025	$139.2M	$138.8M	$333K	$29.3M	990 PDF
FY2023 ViewingFiled with the IRS Feb 21, 2024	$136.3M	$148.3M	−$12.0M	$27.5M	990 PDF
FY2022Filed with the IRS Feb 20, 2023	$129.0M	$134.6M	−$5.7M	$38.8M	990 PDF
FY2021Filed with the IRS Feb 18, 2022	$124.3M	$119.5M	$4.8M	$53.5M	990 PDF
FY2020Filed with the IRS Feb 23, 2021	$116.9M	$112.1M	$4.8M	$43.0M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $136,313,123 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $125,577,909$134,657,677

I-10 Investment incomePrior year $3,376,807$1,655,446

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $128,954,716$136,313,123

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $134,605,907$148,273,632

I-18 Total expensesPrior year $134,605,907$148,273,632

I-19 Revenue less expensesPrior year −$5,651,191−$11,960,509

Part VI · Governance 9 of 10 board members independent, 2 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members9

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $136,313,123 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $134,657,677$134,657,677

VIII-3 Investment incomeExcluded from tax $1,566,956$1,566,956

VIII-7 Net gain or loss on sales of assetsExcluded from tax $88,490$88,490

VIII-12 Total revenueRelated to mission $134,657,677 · Unrelated business $0 · Excluded from tax $1,655,446$136,313,123

Part IX · Statement of functional expenses $148,273,632 across 11 lines filed

IX-11c Accounting fees$17,800

IX-11d Lobbying fees$30,000

IX-11f Investment management fees$195,500

IX-11g Other fees for services$117,196

IX-12 Advertising and promotion$3,842

IX-13 Office expenses$1,928

IX-14 Information technology$146,709

IX-17 Travel$13,139

IX-23 Insurance$25,918

IX-24 Other expenses (24a–d)$147,691,529

IX-24e All other expenses$30,071

IX-25 Total functional expenses$148,273,632

Part X · Balance sheet $47,250,764 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $7,564,590$5,579,998

X-4 Accounts receivableStart of year $5,334,422$2,102,863

X-9 Prepaid expenses and deferred chargesStart of year $374,023$93,244

X-12 Other securitiesStart of year $49,353,820$39,474,659

X-16 Total assetsStart of year $62,626,855$47,250,764

X-17 Accounts payable and accrued expensesStart of year $19,544,503$15,686,498

X-19 Deferred revenueStart of year $4,331,194$4,045,904

X-26 Total liabilitiesStart of year $23,875,697$19,732,402

X-27 Net assets without donor restrictionsStart of year $38,751,158$27,518,362

X-32 Total net assets or fund balancesStart of year $38,751,158$27,518,362

X-33 Total liabilities and net assetsStart of year $62,626,855$47,250,764

Part XI · Reconciliation of net assets $27,518,362 net assets at year end

XI-1 Total revenue$136,313,123

XI-2 Total expenses$148,273,632

XI-3 Revenue less expenses−$11,960,509

XI-4 Net assets at start of year$38,751,158

XI-5 Net unrealized gains (losses) on investments$727,713

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$27,518,362

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wyoming Educators Benefit Trust FY2023 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Wyoming Educators Benefit Trust

By the numbers

Filing history

Schedules filed Part IV