Workers Compensation Reinsurance Association

Saint Paul, MN
Tax-exempt since Feb. 1997
EIN: 41-1357750

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Type of Nonprofit

Designated as a 501(c)(27) State-sponsored workers' compensation reinsurance organizations.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$321M (2022)

Expenses

$53.9M (2022)

Total Assets

$3B (2022)

Total Liabilities

$1.55B (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$321,335,040

Expenses

$53,879,972

Net Income

$267,455,068

Net Assets

$1,450,335,060

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,516,705	17.6%
Investment Income	$48,679,522	15.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$216,138,813	67.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,060,057	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,595,552	3.0%

Assets/Debt
Total Assets	$2,999,849,537
Total Liabilities	$1,549,514,477
Net Assets	$1,450,335,060

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$335,621	$0	$105,159
Cynthia Smith (Vp Of Operations/Corp Secretry)	$221,648	$0	$168,453
Lynn Carroll (Vp & Actuary (Until 10/10))	$214,681	$0	$30,314
Tony Tio (Actuary)	$199,104	$0	$76,004
Dave Mckee (Vp & Cfo/Treasurer)	$190,817	$0	$75,501
Alison Khan (Vp & Actuary (As Of 05/25))	$169,563	$0	$17,716
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$156,667	$0	$101,519
Daniel Lovhaug (Vp It & Security Officer)	$156,509	$0	$30,239
Peter Foley (Membership Audit Supervisor)	$112,986	$0	$21,772
Samuel Nolley (Director)	$11,650	$0	$0
James Oukrop (Director)	$11,500	$0	$0
Kenneth Peterson (Director)	$11,500	$0	$0
Sheila Brown (Director)	$9,250	$0	$0
Daniel Greensweig (Director)	$9,250	$0	$0
William Mccarthy (Director)	$9,250	$0	$0
Allison Waggoner (Director)	$8,500	$0	$0
Edward Reynoso (Director)	$7,750	$0	$0
Richard Long (Director)	$6,250	$0	$0
Cindy Farrell (Director (Until 07/22))	$0	$0	$0
Terrence Miller (Director)	$0	$0	$0
Paul Moore (Director (As Of 05/2022))	$0	$0	$0
Mansco Perry (Director (Until 09/2022))	$0	$0	$0
Jill Schurtz (Director (As Of 10/2022))	$0	$0	$0
Michele Spencer (Director (Until 01/22))	$0	$0	$0

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990

Filed on Nov. 11, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$379,015,449

Expenses

$52,075,229

Net Income

$326,940,220

Net Assets

$1,874,551,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,724,608	12.3%
Investment Income	$52,543,050	13.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$279,747,791	73.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,843,683	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,415,562	2.7%

Assets/Debt
Total Assets	$4,127,132,929
Total Liabilities	$2,252,581,794
Net Assets	$1,874,551,135

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$322,567	$0	$87,914
Lynn Carroll (Vp & Actuary)	$273,338	$0	$76,439
Cynthia Smith (Vp Of Operations/Corp Secretry)	$221,313	$0	$134,522
Tony Tio (Actuary)	$197,256	$0	$60,072
Dave Mckee (Vp & Cfo/Treasurer)	$181,739	$0	$67,225
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$155,514	$0	$76,617
Daniel Lovhaug (Vp It & Security Officer)	$146,878	$0	$22,039
Peter Foley (Membership Audit Supervisor)	$109,655	$0	$15,577
Pat Irestone (Cio (See Schedule O))	$68,407	$0	$0
Kenneth Peterson (Director)	$13,000	$0	$0
Daniel Greensweig (Director)	$10,750	$0	$0
Michele Spencer (Director)	$10,000	$0	$0
Edward Reynoso (Director)	$9,250	$0	$0
James Oukrop (Director)	$8,500	$0	$0
Sheila Brown (Director)	$7,000	$0	$0
William Mccarthy (Director)	$7,000	$0	$0
Allison Waggoner (Director)	$6,250	$0	$0
Stuart Henderson (Director (Until 6/21))	$4,200	$0	$0
Jane Jasper Krumrie (Director (Until 6/21))	$4,000	$0	$0
Richard Long (Director (As Of 6/21))	$3,000	$0	$0
Samuel Nolley (Director (As Of 6/21))	$2,700	$0	$0
Cindy Farrell (Director)	$0	$0	$0
Terrence Miller (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$279,534,324

Expenses

$9,821,063

Net Income

$269,713,261

Net Assets

$1,914,918,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,018,007	20.0%
Investment Income	$50,638,411	18.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$172,877,906	61.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,610,678	16.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,658,821	16.9%

Assets/Debt
Total Assets	$3,581,217,851
Total Liabilities	$1,666,299,102
Net Assets	$1,914,918,749

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$295,465	$0	$82,123
Lynn Carroll (Vp Of Actuarial And Is)	$255,190	$0	$71,491
Cynthia Smith (Vp Of Operations And Secretary)	$199,064	$0	$91,946
Tony Tio (Actuary)	$186,268	$0	$41,392
Dave Mckee (Vp & Cfo)	$169,020	$0	$50,810
Pat Irestone (Cio (See Schedule O))	$164,850	$0	$0
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$141,038	$0	$182,932
Daniel Lovhaug (It Manager)	$127,186	$0	$18,145
Stuart Henderson (Director)	$9,300	$0	$0
James Oukrop (Director)	$9,250	$0	$0
Kenneth Peterson (Director)	$8,500	$0	$0
Daniel Greensweig (Director)	$7,750	$0	$0
Jane Jasper Krumrie (Director)	$7,750	$0	$0
William Mccarthy (Director)	$7,000	$0	$0
Michele Spencer (Director)	$7,000	$0	$0
Edward Reynoso (Director)	$6,250	$0	$0
Allison Waggoner (Director)	$6,250	$0	$0
Sheila Brown (Director (As Of 6/20))	$2,550	$0	$0
Cindy Farrell (Director)	$0	$0	$0
Terrence Miller (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director (Until 6/20))	$0	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$186,807,436

Expenses

$62,690,152

Net Income

$124,117,284

Net Assets

$1,406,295,942

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,736,578	27.2%
Investment Income	$54,908,642	29.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$81,162,216	43.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,500,808	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,513,071	2.4%

Assets/Debt
Total Assets	$3,131,801,764
Total Liabilities	$1,725,505,822
Net Assets	$1,406,295,942

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$284,445	$0	$87,798
Lynn Carroll (Vp Of Actuarial And Is)	$252,989	$0	$61,623
Cynthia Smith (Vp Of Operations And Secretary)	$200,533	$0	$104,896
Pat Irestone (Cio (See Schedule O))	$194,391	$0	$0
Tony Tio (Actuary)	$183,327	$0	$52,225
Dave Mckee (Vp & Cfo)	$175,582	$0	$49,619
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$147,130	$0	$66,594
Daniel Lovhaug (It Manager)	$107,368	$0	$15,550
James Oukrop (Director)	$10,000	$0	$0
William Mccarthy (Director)	$8,500	$0	$0
Michele Spencer (Director)	$8,500	$0	$0
Stuart Henderson (Director)	$8,150	$0	$0
Daniel Greensweig (Director)	$7,750	$0	$0
Allison Waggoner (Director)	$7,000	$0	$0
Jane Jasper Krumrie (Director)	$6,450	$0	$0
Edward Reynoso (Director)	$6,250	$0	$0
Kenneth Peterson (Director (As Of 6/19))	$5,250	$0	$0
Thomas Borman (Director (Until 6/19))	$1,750	$0	$0
Cindy Farrell (Director)	$0	$0	$0
Terrence Miller (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$136,794,780

Expenses

$64,154,099

Net Income

$72,640,681

Net Assets

$904,325,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,267,964	38.9%
Investment Income	$59,176,637	43.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$24,350,179	17.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,423,755	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,675,924	2.6%

Assets/Debt
Total Assets	$2,652,078,476
Total Liabilities	$1,747,753,314
Net Assets	$904,325,162

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$272,986	$0	$74,726
Lynn Carroll (Vp Of Actuarial And Is)	$245,692	$0	$54,925
Cynthia Smith (Vp Of Operations And Secretary)	$195,672	$0	$95,782
Tony Tio (Actuary)	$178,609	$0	$44,065
Dave Mckee (Vp & Cfo)	$172,141	$0	$51,288
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$139,752	$0	$59,690
Sharon Monaghan (Controller)	$107,161	$0	$16,607
Daniel Lovhaug (It Manager)	$103,114	$0	$16,732
Pat Irestone (Cio (See Schedule O))	$10,000	$0	$0
Stuart Henderson (Director)	$9,100	$0	$0
Michele Spencer (Director)	$8,000	$0	$0
Jane Jasper Krumrie (Director)	$7,500	$0	$684
James Oukrop (Director)	$7,500	$0	$0
William Mccarthy (Director)	$7,000	$0	$0
Edward Reynoso (Director)	$6,500	$0	$0
Allison Waggoner (Director)	$6,500	$0	$0
Daniel Greensweig (Director (As Of 6/18))	$5,250	$0	$0
David Hennes (Director (Until 6/18))	$4,000	$0	$57
Thomas Borman (Director)	$1,750	$0	$0
Cindy Farrell (Director)	$0	$0	$0
Robert Lund (Director (Until 6/18))	$0	$0	$0
Terrence Miller (Director (As Of 6/18))	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$165,902,168

Expenses

$76,847,219

Net Income

$89,054,949

Net Assets

$1,035,378,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$61,752,029	37.2%
Investment Income	$50,025,523	30.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$54,124,616	32.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,355,314	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,586,411	2.1%

Assets/Debt
Total Assets	$2,817,868,050
Total Liabilities	$1,782,489,408
Net Assets	$1,035,378,642

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$266,257	$0	$66,590
Lynn Carroll (Vp Of Actuarial And Is)	$243,612	$0	$40,960
Cynthia Smith (Vp Of Operations And Secretary)	$188,601	$0	$90,605
Dave Mckee (Vp & Cfo)	$171,344	$0	$46,199
Tony Tio (Actuary)	$170,973	$0	$36,107
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$136,195	$0	$47,853
David Hennes (Director)	$7,375	$0	$125
Stuart Henderson (Director)	$6,850	$0	$0
Jane Jasper Krumrie (Director)	$6,550	$0	$300
Michele Spencer (Director)	$6,250	$0	$0
Robert Lund (Director)	$5,750	$0	$0
Allison Waggoner (Director)	$5,523	$0	$273
William Mccarthy (Director)	$5,250	$0	$0
James Oukrop (Director)	$5,250	$0	$0
Edward Reynoso (Director)	$5,250	$0	$0
Thomas Borman (Director)	$3,750	$0	$0
Cindy Farrell (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$160,191,798

Expenses

$2,339,447

Net Income

$157,852,351

Net Assets

$673,796,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$67,232,936	42.0%
Investment Income	$47,176,649	29.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$45,782,213	28.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,447,515	61.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,450,335	62.0%

Assets/Debt
Total Assets	$2,686,662,919
Total Liabilities	$2,012,866,443
Net Assets	$673,796,476

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$254,295	$0	$58,159
Lynn Carroll (Vp Of Actuarial And Is)	$231,573	$0	$40,169
Cynthia Smith (Vp Of Operations And Secretary)	$180,537	$0	$80,740
Tony Tio (Actuary)	$165,690	$0	$32,582
Dave Mckee (Vp & Cfo)	$162,260	$0	$30,165
Natalie Haefner (Vp Of Claims And Injury Mgmt)	$124,318	$0	$41,476
David Hennes (Director)	$7,250	$0	$117
Stuart Henderson (Director)	$6,850	$0	$0
Thomas Borman (Director)	$6,250	$0	$0
Michele Spencer (Director)	$6,250	$0	$0
Edward Reynoso (Director)	$5,250	$0	$0
Allison Waggoner (Director)	$5,250	$0	$0
Gary Nelson (Director (January November))	$4,750	$0	$0
William Mccarthy (Director (June December))	$2,750	$0	$0
James Oukrop (Director (December))	$1,250	$0	$0
Jane Jasper Krumrie (Director)	$0	$0	$302
Cindy Farrell (Director (June December))	$0	$0	$0
Robert Lund (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Aug. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$143,769,554

Expenses

$52,983,837

Net Income

$90,785,717

Net Assets

$452,776,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$68,541,923	47.7%
Investment Income	$44,494,149	30.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$30,733,482	21.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,720,026	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,266,518	2.4%

Assets/Debt
Total Assets	$2,363,019,737
Total Liabilities	$1,910,243,095
Net Assets	$452,776,642

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$251,875	$0	$56,497
Lynn Carroll (Vp & Actuary)	$201,951	$0	$12,972
Cynthia Smith (Vp Of Operations)	$172,224	$0	$72,086
Tony Tio (Actuary)	$162,055	$0	$28,434
Elisabeth Skoglund (Vp Is & Claims)	$157,418	$0	$96,816
Dave Mckee (Vp & Cfo (As Of 7/2/2015))	$122,663	$0	$23,949
Donald Swanson (Vp & Cfo (Through 7/1/2015))	$117,357	$0	$54,114
Natalie Haefner (Director Of Injury Management)	$111,223	$0	$37,459
David Hennes (Director)	$7,250	$0	$0
Stuart Henderson (Director)	$6,850	$0	$0
Michele Spencer (Director)	$6,250	$0	$0
Gary Nelson (Director)	$5,750	$0	$0
Wayne Simoneau (Director)	$5,250	$0	$0
Allison Waggoner (Director)	$5,250	$0	$0
Edward Reynoso (Director)	$4,750	$0	$0
Kristin Hanson (Director)	$0	$0	$0
Jane Jasper Krumrie (Director)	$0	$0	$0
Sharyle Knutson (Director)	$0	$0	$0
Robert Lund (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Aug. 8, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$134,374,590

Expenses

$51,642,229

Net Income

$82,732,361

Net Assets

$431,904,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,918,861	36.4%
Investment Income	$43,945,005	32.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$41,510,724	30.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,159,076	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,485,951	2.9%

Assets/Debt
Total Assets	$2,404,396,711
Total Liabilities	$1,972,492,216
Net Assets	$431,904,495

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Heer (President & Ceo)	$251,703	$0	$44,160
Donald Swanson (Vp & Cfo)	$180,046	$0	$65,710
Cynthia Smith (Vp Operations And Secretary)	$167,404	$0	$44,003
Tony Tio (Actuary)	$157,508	$0	$30,812
Elisabeth Skoglund (Vp Claims And Is)	$152,759	$0	$60,327
Lynn Carroll (Vp & Actuary As Of 04/14)	$134,478	$0	$3,397
Natalie Haefner (Director Of Injury Management)	$108,701	$0	$12,794
David Hennes (Director)	$7,250	$0	$0
Stuart Henderson (Director)	$6,850	$0	$0
Jane Jasper Krumrie (Director)	$6,250	$0	$0
Michele Spencer (Director)	$6,250	$0	$0
Robert Lund (Director)	$5,750	$0	$0
Wayne Simoneau (Director)	$5,750	$0	$0
Gary Nelson (Director)	$5,250	$0	$0
Ed Reynoso (Director)	$5,250	$0	$0
Allison Waggoner (Director)	$5,250	$0	$0
Sharyle Knutson (Director)	$4,000	$0	$0
Kristin Hanson (Director)	$0	$0	$0
Mansco Perry (Director)	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Aug. 7, 2015

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Fiscal Year Ending Dec.
2013

Revenue

-$24,863,801

Expenses

$79,212,027

Net Income

-$104,075,828

Net Assets

$280,329,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	-$122,678,783
Investment Income	$37,414,351
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$60,400,631
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,307,936	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,312,762	1.7%

Assets/Debt
Total Assets	$2,256,812,046
Total Liabilities	$1,976,482,649
Net Assets	$280,329,397

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Carl Cummins (President & Ceo 01/01 09/30)	$302,350	$0	$104,361
James Heer (President & Ceo As Of 10/01)	$227,960	$0	$42,779
Donald Swanson (Vp Finance And Investments)	$181,774	$0	$45,640
Tony Tio (Actuary)	$153,377	$0	$15,873
Cynthia Smith (Vp Operations And Secretary)	$150,265	$0	$30,062
Elisabeth Skoglund (Vp Claims And It)	$139,615	$0	$37,663
Natalie Haefner (Director Of Injury Management)	$103,262	$0	$9,904
Howard Bicker (Director 01/01 09/30)	$15,750	$0	$0
David Hennes (Director)	$7,917	$0	$0
Wayne Simoneau (Director)	$7,750	$0	$0
Stuart Henderson (Director)	$7,350	$0	$0
Jane Jasper Krumrie (Director)	$7,305	$0	$0
Gary Nelson (Director)	$7,000	$0	$0
Michele Spencer (Director)	$6,750	$0	$0
Robert Lund (Director)	$6,250	$0	$0
Allison Waggoner (Director)	$6,250	$0	$0
Ed Reynoso (Director)	$5,250	$0	$0
Sharyle Knutson (Director)	$4,500	$0	$0
Kristin Hanson (Director)	$0	$0	$0
Mansco Perry (Director (Oct Through Dec))	$0	$0	$0
Michael Thoma (Director)	$0	$0	$0

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990

Filed on Aug. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$150,563,167

Expenses

$171,428,924

Net Income

-$20,865,757

Net Assets

$152,660,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,688,211	39.6%
Investment Income	$38,741,840	25.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$39,030,061	25.9%
Net Inventory Sales	$0
Other Revenue	$13,103,055	8.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,190,278	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,454,448	0.8%

Assets/Debt
Total Assets	$2,133,224,593
Total Liabilities	$1,980,564,108
Net Assets	$152,660,485

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$68,961,320

Expenses

$43,424,351

Net Income

$25,536,969

Net Assets

-$8,395,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,919,670	33.2%
Investment Income	$39,355,793	57.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,685,857	9.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,141,025	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,189,393	2.7%

Assets/Debt
Total Assets	$1,853,768,029
Total Liabilities	$1,862,163,686
Net Assets	-$8,395,657

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Workers Compensation Reinsurance Association

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $321M (2022)

Expenses $53.9M (2022)

Total Assets $3B (2022)

Total Liabilities $1.55B (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$321M (2022)

Expenses

$53.9M (2022)

Total Assets

$3B (2022)

Total Liabilities

$1.55B (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004