THE WCRA ENSURES THE AVAILABILITY OF LONGTERM REINSURANCE PROTECTION FOR SERIOUS MINNESOTA WORKERS' COMPENSATION CLAIMS. OUR STAFF OF INNOVATIVE PROFESSIONALS IS DEDICATED TO ACHIEVING THE HIGHEST STANDARD OF EXCELLENCE THROUGH STABLE AND REASONABLE RATES, EXPERT CLAIMS ADMINISTRATION, FINANCIAL STABILITY, AND INFORMATIONAL SERVICES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $336k
- Bonus
- —
- Other
- $15k
- Benefits
- $43k
- Base
- $216k
- Bonus
- —
- Other
- $23k
- Benefits
- $34k
- Base
- $254k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $205k
- Bonus
- —
- Other
- —
- Benefits
- $19k
- Base
- $205k
- Bonus
- —
- Other
- —
- Benefits
- $36k
- Base
- $164k
- Bonus
- —
- Other
- —
- Benefits
- $43k
- Base
- $152k
- Bonus
- —
- Other
- $10k
- Benefits
- $22k
- Base
- $127k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $120k
- Bonus
- —
- Other
- —
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentile | $336k | — | $15k | $43k | $473k $517k |
VP of Operations/corp Secretry Vice President Above 90th percentile | $216k | — | $23k | $34k | $429k $468k |
VP & Actuary Vice President Above 90th percentile | $254k | — | — | $27k | $303k $331k |
Actuary Highest Compensated Employee 75th to 90th percentile | $205k | — | — | $19k | $297k $324k |
VP & CFO Treasurer Above 90th percentile | $205k | — | — | $36k | $295k $323k |
VP of Claims and Injury Mgmt Vice President Above 90th percentile | $164k | — | — | $43k | $283k $309k |
VP IT & Security Officer Vice President 75th to 90th percentile | $152k | — | $10k | $22k | $203k $222k |
Business Sys Analyst V Highest Compensated Employee Median to 75th percentile | $127k | — | — | $24k | $173k $189k |
Membership Audit Supervisor Highest Compensated Employee 25th percentile to median | $120k | — | — | $2k | $151k $165k |
Director Board Member 25th percentile to median | — | — | — | — | $12k $13k |
Director Board Member 25th percentile to median | — | — | — | — | $11k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $11k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Director Board Member 25th percentile to median | — | — | — | — | $9k $9k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $9k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $7k $8k |
Director Board Member 25th percentile to median | — | — | — | — | $7k $8k |
Director (as of 03/23) Board Member 25th percentile to median | — | — | — | — | $6k $6k |
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 2 unpaid individuals.
Common questions about WORKERS' COMPENSATION REINSURANCE ASSOCIATION
What does the Chief Executive Officer of WORKERS' COMPENSATION REINSURANCE ASSOCIATION earn?
In 2023, the Chief Executive Officer of WORKERS' COMPENSATION REINSURANCE ASSOCIATION received $473,065 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 WORKERS' COMPENSATION REINSURANCE ASSOCIATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at WORKERS' COMPENSATION REINSURANCE ASSOCIATION falls in the top 10%.
What are WORKERS' COMPENSATION REINSURANCE ASSOCIATION's revenue and expenses?
In 2023, WORKERS' COMPENSATION REINSURANCE ASSOCIATION reported $188.2M in total revenue and $49.2M in total expenses on its IRS Form 990.
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