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Filing year 2024

MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC

Minneapolis, Minnesota·EIN 41-0417040·501(c)(6)
Total revenue
$8.3M
Total assets
$5.2M
Total expenses
$8.3M
Reported officers
21
Mission

THE MINNESOTA WORKERS' COMPENSATION INSURERS ASSOCIATION, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED TO PROVIDE TO ITS MEMBERS THOSE ACTIVITIES WHICH ARE REQUIRED AND PERMITTED OF A DATA SERVICE ORGANIZATION UNDER THE PROVISIONS OF MINNESOTA STATUTES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$316k
$337k
Base
$262k
Bonus
$38k
Other
Benefits
$8k
Sr. VP - Operations/treasu
Vice President
75th to 90th percentile
$220k
$234k
Base
$198k
Bonus
Other
Benefits
$15k
Chief Technology Officer
Officer (Unspecified)
$190k
$203k
Base
$185k
Bonus
Other
Benefits
$2k
Vice President Actuarial S
Vice President
75th to 90th percentile
$187k
$199k
Base
$170k
Bonus
$500
Other
Benefits
$10k
Vice President Data Service
Vice President
75th to 90th percentile
$186k
$199k
Base
$166k
Bonus
Other
Benefits
$15k
Business Solutions Architect
Highest Compensated Employee
Median to 75th percentile
$171k
$182k
Base
$145k
Bonus
Other
Benefits
$21k
Business Analyst
Highest Compensated Employee
25th percentile to median
$137k
$146k
Senior Actuarial Researcher
Highest Compensated Employee
25th percentile to median
$132k
$141k
Business Analyst Lead
Highest Compensated Employee
10th to 25th percentile
$125k
$133k
Operations Manager
Median to 75th percentile
$123k
$131k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Down 10%
from 2023

From $349k in 2023 to $316k in 2024.

$349k
2023
$316k
2024
In today's dollarsEst.
Down 12% in real terms$381k to $337k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 10% from 2023 to 2024, while revenue held roughly steady.

$349k in 2023 to $316k in 2024.
  • Vice President pay fell 32% from 2023 to 2024.
  • Highest Compensated Employee pay rose 2% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.2M
$7.8M
2023
$8.3M
$8.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC

What does the Chief Executive Officer of MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC earn?

In 2024, the Chief Executive Officer of MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC received $315,628 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC falls in the top 10%.

What are MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC's revenue and expenses?

In 2024, MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC reported $8.3M in total revenue and $8.3M in total expenses on its IRS Form 990.

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