Workers' Compensation Reinsurance Association
St Paul, MN · EIN 41-1357750 · Rank 2,456 by total revenue
Indemnify serious workers' compensation claims
Money, Form 990 for tax year 2024
- Total revenue
- $260,552,944
- Total expenses
- -$6,535,237
- Total assets
- $3,753,979,130
- Salary base (all salaries and wages)
- $4,468,928
- Salaries, other pay and benefits
- $5,118,579
- Employees
- 34
- Salary base per employee
- $131,439
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (19)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| James Heer | PRESIDENT & CEO | Officer | 50 | $524,805 |
| Cynthia Smith | VP OF OPERATIONS/CORP SECRETRY | Officer | 60 | $411,925 |
| Alison Khan | VP & ACTUARY | Officer | 40 | $327,880 |
| Dave McKee | VP & CFO TREASURER | Officer | 45 | $327,684 |
| Natalie Haefner | VP OF CLAIMS AND INJURY MGMT | Officer | 50 | $300,309 |
| Daniel Lovhaug | VP IT & SECURITY OFFICER | Officer | 50 | $244,717 |
| Kenneth Peterson | DIRECTOR | Board | 2 | $14,250 |
| James Oukrop | DIRECTOR | Board | 2 | $12,500 |
| William McCarthy | DIRECTOR | Board | 2 | $11,500 |
| Terrence Miller | DIRECTOR | Board | 2 | $9,850 |
| Richard Long | DIRECTOR | Board | 2 | $9,750 |
| Sheila Brown | DIRECTOR | Board | 2 | $9,700 |
| Daniel Greensweig | DIRECTOR | Board | 2 | $9,500 |
| Allison Waggoner | DIRECTOR | Board | 2 | $9,500 |
| Samuel Nolley | DIRECTOR | Board | 2 | $7,500 |
| Jean Machart | DIRECTOR | Board | 2 | $6,750 |
| Edward Reynoso | DIRECTOR | Board | 2 | $6,500 |
| Paul Moore | DIRECTOR | Board | 2 | None reported |
| Jill Schurtz | DIRECTOR | Board | 2 | None reported |
Top 10 paid people listed
These 10 people received $3,010,495, which is 67.4% of the $4,468,928 salary base shared by 34 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| James Heer | PRESIDENT & CEO | Officer | 50 | $378,016 | $0 | $146,789 | $524,805 |
| Cynthia Smith | VP OF OPERATIONS/CORP SECRETRY | Officer | 60 | $251,451 | $0 | $160,474 | $411,925 |
| Alison Khan | VP & ACTUARY | Officer | 40 | $263,198 | $0 | $64,682 | $327,880 |
| Dave McKee | VP & CFO TREASURER | Officer | 45 | $215,014 | $0 | $112,670 | $327,684 |
| Tony Tio | ACTUARY | Highly paid employee | 40 | $209,930 | $0 | $94,678 | $304,608 |
| Natalie Haefner | VP OF CLAIMS AND INJURY MGMT | Officer | 50 | $171,639 | $0 | $128,670 | $300,309 |
| Daniel Lovhaug | VP IT & SECURITY OFFICER | Officer | 50 | $189,291 | $0 | $55,426 | $244,717 |
| Ray Mularie | BUSINESS SYS ANALYST V | Highly paid employee | 40 | $131,921 | $0 | $63,754 | $195,675 |
| Sean Nagel | ENTERPRISE ARCHITECT | Highly paid employee | 40 | $168,387 | $0 | $19,552 | $187,939 |
| Evan Cordes | LEGAL COUNSEL AS OF 2/24 | Highly paid employee | 40 | $169,827 | $0 | $15,126 | $184,953 |
Sources
- IRS e-file return 202533219349318413 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-1357750
- Organization website (as filed): www.wcra.biz