What do high unemployment rates, increased taxes and negative State Trust Fund Balances mean to your nonprofit? All these statistics mean less money for your cause.
INCREASED TAX COST: 155%
Wyoming’s unemployment rate went from an average unemployment rate of 2.8% 
in 2008 to an average of 7.0% in 2010. In order cover the increase in unemployment claims and replenish the shrinking trust fund, factors used in calculating employer unemployment rates were increased, therefore increasing the average unemployment tax cost per employee by 155% (from 2009 to 2014).
IMPROPER PAYMENT RATE: 8.648%
The Department of Workforce Services had a 8.648% average improper payment rate from 2011 to 2014. Over $6.5 million improper payments were made in 2014 alone.
First Nonprofit Group provides more than 1,700 nonprofits around the country with unemployment insurance at affordable rates. Below is a sample savings analysis of one member since 2005.
To find out how much money your organization can save, contact us for an unemployment cost savings evaluation. Evaluations are free, there is no obligation to join, and an estimate of your 2016 unemployment rate is included!
For more information contact:
Megan Cauthorn
P: (503) 403-3014
C: (503) 858-5622
megan.cauthorn@amtrustgroup.com
For a PDF version of this fact sheet, please click here: Wyoming Fact Sheet 2015
