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EIN 41-1357750

Workers' Compensation Reinsurance Association

IRS 501(c) type
501(c)(27)
Num. employees
33
City
Saint Paul
State
Minnesota
Year formed
1979
Most recent tax filings
2022-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Workers' Compensation Reinsurance Association is a Minnesota-based organization dedicated to indemnifying serious workers' compensation claims. It ensures the availability of longterm reinsurance protection and is staffed with innovative professionals who strive for the highest standard of excellence through stable and reasonable rates, In 2019, the WCRA reimbursed 3,357 claim requests for $76,634,583 and decreased reserves for losses and loss expenses by $26,330,171. Overhead expenses allocated to loss expenses totaled $1,970,155.
Total revenues
$321,335,040
2022
Total expenses
$53,879,972
2022
Total assets
$2,999,849,537
2022
Num. employees
33
2022

Program areas at Workers' Compensation Reinsurance Association

In 2022, the wcra reimbursed 2,941 claim requests and paid $71,389,219 for these claims. Reserves for losses and loss expenses decreased by $31,433,546. Overhead expenses allocated to loss expenses totaled $2,035,512.

Personnel at Workers' Compensation Reinsurance Association

NameTitleCompensation
James HeerPresident and Chief Executive Officer$335,621
Dave McKeeVice President and Chief Financial Officer and Treasurer$190,817
Pat IrestoneChief Information Officer$68,407
Cynthia SmithVice President of Operations and Corporate Secretry$221,648
Daniel LovhaugVice President It and Security Officer$156,509
...and 7 more key personnel

Financials for Workers' Compensation Reinsurance Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$56,516,705
Investment income and dividends$48,679,522
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$216,138,813
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$321,335,040

Form 990s for Workers' Compensation Reinsurance Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-11990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Updated personnel
Identified 3 new personnel
December 23, 2023
Used new vendors
Identified 2 new vendors, including , and
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
Operates internationally
General information
Address
400 Robert St N Suite 1700
Saint Paul, MN 55101
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
wcra.biz/ 
Phone
(651) 293-0999
IRS details
EIN
41-1357750
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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