NonprofitsWorkers Compensation Reinsurance Association

Workers Compensation Reinsurance Association

SAINT PAUL, MN

Total revenue

$260.6M

Total expenses

Net assets

$2.3B

Grants received

EIN

411357750

Tax year

2024

Mission

Indemnify serious workers' compensation claims

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$50.6M
Investment income$209.9M
Other revenue
Total revenue$260.6M

Expenses

Grants paid
Salaries & benefits$5.1M
Fundraising
Other expenses$9.8M
Total expenses
Total assets$3.8B
Net assets$2.3B

People

24 listed

NameRoleCompensation

JAMES HEER

PRESIDENT & CEO

Board

$378K

50 hrs/wk

ALISON KHAN

VP & ACTUARY

Board

$263K

40 hrs/wk

CYNTHIA SMITH

VP OF OPERATIONS/CORP SECRETRY

Board

$251K

60 hrs/wk

DAVE MCKEE

VP & CFO TREASURER

Board

$215K

45 hrs/wk

DANIEL LOVHAUG

VP IT & SECURITY OFFICER

Board

$189K

50 hrs/wk

NATALIE HAEFNER

VP OF CLAIMS AND INJURY MGMT

Board

$172K

50 hrs/wk

KENNETH PETERSON

DIRECTOR

Board

$14K

2 hrs/wk

JAMES OUKROP

DIRECTOR

Board

$13K

2 hrs/wk

WILLIAM MCCARTHY

DIRECTOR

Board

$12K

2 hrs/wk

TERRENCE MILLER

DIRECTOR

Board

$10K

2 hrs/wk

RICHARD LONG

DIRECTOR

Board

$10K

2 hrs/wk

SHEILA BROWN

DIRECTOR

Board

$10K

2 hrs/wk

DANIEL GREENSWEIG

DIRECTOR

Board

$10K

2 hrs/wk

ALLISON WAGGONER

DIRECTOR

Board

$10K

2 hrs/wk

SAMUEL NOLLEY

DIRECTOR

Board

$8K

2 hrs/wk

JEAN MACHART

DIRECTOR

Board

$7K

2 hrs/wk

EDWARD REYNOSO

DIRECTOR

Board

$7K

2 hrs/wk

PAUL MOORE

DIRECTOR

Board

2 hrs/wk

JILL SCHURTZ

DIRECTOR

Board

2 hrs/wk

TONY TIO

ACTUARY

Staff

$210K

40 hrs/wk

EVAN CORDES

LEGAL COUNSEL AS OF 2/24

Staff

$170K

40 hrs/wk

SEAN NAGEL

ENTERPRISE ARCHITECT

Staff

$168K

40 hrs/wk

RAY MULARIE

BUSINESS SYS ANALYST V

Staff

$132K

40 hrs/wk

PETER FOLEY

MEMBERSHIP AUDIT SUPERVISOR

Staff

$125K

40 hrs/wk

Independent contractors

JP MORGAN INSTITUTIONAL INVESTMENTS

PORTFOLIO MANAGEMENT

$2.1M

OUTSYSTEMS INC

CUSTOM SOFTWARE

$1.4M

BLACKROCK FINANCIAL

PORTFOLIO MANAGEMENT

$913K

PIMCO

PORTFOLIO MANAGEMENT

$904K

NORTHERN TRUST

PTFL MGMT & CUST FEE

$537K

Details

EIN411357750
Subsection27
Ruling date1997-02
Formed1979
Employees34
Volunteers0
WORKERS COMPENSATION REINSURANCE ASSOCIATION — Mission, Financials & Grants Received | Grantivo