2025-09-30T13:12:02-04:00 2024-12-31 WITHUMSMITHBROWNPC 6101 BOLLINGER CANYON RD STE 400 SAN RAMON CA 94583 990 2024-01-01 940358760 WORKERS' COMPENSATION INSUR RATING BUREAU OF CALIFORNIA % SANDRA PADILLA WORK 4157770777 One Montgomery Street Suite 400 San Francisco CA 94104 SANDRA PADILLA MANAGING DIRECTOR 4157770777 2025-11-15 true true JASMINE S BAKER P01452246 9252779100 2025-11-15 2024 2025-03-06 01:10:19Z X WILLIAM JAMES MUDGE 1901 HARRISON STREET 17TH FLO San Francisco CA 94104 44111480 false X WWW.WCIRB.COM X 1915 CA COOPERATE WITH DETERMINING ADVISORY PURE PREMIUM RATES FOR WORKERS' COMP INSURANCE. 8 8 177 0 1432329 0 0 0 42154164 43283059 180505 378374 451114 450047 42785783 44111480 0 0 0 0 31852543 32324320 0 0 0 10417305 10777500 42269848 43101820 515935 1009660 22385078 28761830 22084366 18256281 300712 10505549 TO PROMOTE THE PUBLIC WELFARE AND COOPERATE WITH THE INSURANCE COMMISSIONER OF THE STATE OF CALIFORNIA IN DETERMINING ADVISORY PURE PREMIUM RATES FOR WORKERS' COMPENSATION INSURANCE. false false THE PURPOSE OF THE BUREAU IS TO PROMOTE THE PUBLIC WELFARE AND COOPERATE WITH THE INSURANCE COMMISSIONER OF THE STATE OF CALIFORNIA IN DETERMINING ADVISORY PURE PREMIUM RATES FOR WORKERS' COMPENSATION INSURANCE. false false false true false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 20 0 true 177 true true true false false false false false true false X 8 8 false false false false true true false true true false false true true false false true true true true false CA X SANDRA PADILLA 4157787022 1901 HARRISON STREET 17TH FLOOR OAKLAND CA 94612 WILLIAM JAMES MUDGE President/CEO 40.0 0.0 X 1439289 0 11710 SEAN COOPER Executive Vice President - TER 40.0 0.0 X 528594 0 29610 ANDREA COLEMAN Executive Vice President/COO 40.0 0.0 X 491594 0 42095 TONY MILANO Vice President/ Actuary 40.0 0.0 X 409928 0 35472 ERIC S RILEY Senior Vice President/CIO 40.0 0.0 X 358955 0 41284 KRISTEN MARSH Senior Vice President/CLO 40.0 0.0 X 333361 0 39836 CHRISTOPHER WONG Sr. Dir, IT Infrs Ops & Suppor 40.0 0.0 X 292590 0 43554 LAURA CARSTENSEN Vice President, Actuarial Rese 40.0 0.0 X 308099 0 27241 XIAOGE ZHANG VICE PRESIDENT, DATA ANALYTICS 40.0 0.0 X 317096 0 17939 SANDRA Padilla MANAGING DIRECTOR FINANCE 40.0 0.0 X 254138 0 32285 Yamuna Desireddigari Sr. Director, IT Applications 40.0 0.0 X 244990 0 40533 Rajitha Lanka Director, Enterprise Data Mgmn 40.0 0.0 X 230583 0 40147 MARY CHAPMAN CORNING Managing Counsel 40.0 0.0 X 231571 0 34974 WENDY WAGGENER Director/Enterprise Data Stewa 40.0 0.0 X 230100 0 34325 PAUL BRINKLEY-ROGERS Senior Applications Architect 40.0 0.0 X 228944 0 35036 ALICIA SANDLIN Managing Director, Cust Exp 40.0 0.0 X 225571 0 22617 Shane Steele Research Actuary 40.0 0.0 X 235162 0 12746 PAUL KIM Managing Director, CTA & C 40.0 0.0 X 227347 0 19331 Anna Hermanson Hartwing Director, Human Resources 40.0 0.0 X 172708 0 43052 DESIGNEE OF Federal Ins Company GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF Travelers Property GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 Designee of preferred employers ins GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF EVEREST NATIONAL INS GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF STATE COMPENSATION INS GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF ZENITH INS CO GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF HARTFORD ACC ind GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 DESIGNEE OF PACIFIC COMP INS CO GOVERNING COMMITTEE MEMBER 0.0 0.0 X 0 0 0 6760620 0 603787 107 false true false NEARFORM LTD TANKFIELD TRAMORE COUNTY WATERFORD EI X91 PV08 INFORMATION TECH 2279700 TCS AMERICA-STAR 379 THORNALL STREET 4TH FLOOR EDISON NJ 08837 INFORMATION TECH 1651273 PROJECT CONSULTING SPECIALISTS INC PO BOX 5420 SAN MATEO CA 94402 INFORMATION TECH 496220 EMPOWER ANNUITY INSURANCE COMPANY PO BOX 826017 PHILADELPHIA PA 191826017 RETIREMENT ASSET MGT 311421 VARDOT LLC 3080 OLCOTT STREET SANTA CLARA CA 95054 MARKETING AND COMM 150577 12 0 ASSESSMENTS & MEMBERSHIP DUES 524298 40235315 40235315 FINES 524298 1605868 1605868 COVERAGE RECORDS 524298 781260 781260 PREMIUM WEB SERVICES 524298 408667 408667 NON WCPOLS POLICY PROCESSING 524298 15100 15100 236849 14034 222815 43283059 374186 374186 0 438373 438373 0 0 0 4188 4188 4188 4188 0 0 0 0 0 0 0 0 0 PARTNERSHIP INCOME 524298 4487 4487 MISC INCOME 900099 7187 7187 11674 44111480 41862404 1432329 816747 0 0 0 0 6091426 0 18224203 3835977 2564018 1608696 0 192043 281340 0 0 0 3244037 0 370602 2065414 0 910138 218388 0 0 19115 0 2088365 259469 COLOCATION & DISASTER RECOVERY 332428 DUES AND SUBSCRIPTIONS 318480 MAINTENANCE AND REPAIRS 174163 MISCELLENEOUS EXPENSES 171475 132043 43101820 720006 2728980 8086622 4565803 0 0 729016 467491 0 0 0 0 0 0 0 0 1390207 1561837 3953811 2842187 1573447 1111624 0 0 0 0 0 0 4671675 6232768 5214105 12093327 22385078 28761830 4529634 5307187 0 0 32900 47700 0 0 0 0 0 0 169109 236739 0 0 17352723 12664655 22084366 18256281 X 0 0 0 0 300712 10505549 300712 10505549 22385078 28761830 X 1009660 9195177 X false true X true false false true false 459599 388160 71439 3312181 2266657 945524 2820131 187370 94661 1111624 457(B) CAFETERIA PLAN 3332970 RIGHT OF USE ASSETS 915594 PENSION PLAN ASSET 7844763 12093327 0 457(B) CAFETERIA PLAN DEFERRAL 3332970 ACCRUED PENSION BENEFIT OBLIGATION 0 POST RETIREMENT MEDICAL OBLIGATION 7674523 CONTRACT LIABILITY - ASSESSMENT 940956 LEASE LIABILITIES 716206 12664655 X 44107292 -4188 -4188 44111480 44111480 43097632 -4188 -4188 43101820 43101820 PART X, LINE 2: THE WCIRB IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(6) AND SECTION 23701E OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE WCIRB'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. For the years ended December 31, 2024 and 2023, there were no federal and California income taxes due on unrelated business income. Generally accepted accounting principles in the United States of America provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes there are no uncertain positions taken, or expected to be taken, that would require recognition of a liability in the financial statements. The WCIRB is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In addition, there have been no tax related interest or penalties for the periods presented in these financial statements. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS -$4,188 PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS -$4,188 X X X X false true false WILLIAM JAMES MUDGE President/CEO 650655 0 183556 0 605078 0 0 0 11710 0 1450999 0 0 0 SEAN COOPER Executive Vice President - TER 425000 0 103594 0 0 0 17250 0 12360 0 558204 0 0 0 ANDREA COLEMAN Executive Vice President/COO 400000 0 91594 0 0 0 17250 0 24845 0 533689 0 0 0 TONY MILANO Vice President/ Actuary 375000 0 34928 0 0 0 17250 0 18222 0 445400 0 0 0 ERIC S RILEY Senior Vice President/CIO 305000 0 53955 0 0 0 17250 0 24034 0 400239 0 0 0 XIAOGE ZHANG VICE PRESIDENT, DATA ANALYTICS 284246 0 32850 0 0 0 15777 0 2162 0 335035 0 0 0 KRISTEN MARSH Senior Vice President/CLO 280000 0 53361 0 0 0 16668 0 23168 0 373197 0 0 0 LAURA CARSTENSEN Vice President, Actuarial Rese 278590 0 29509 0 0 0 15344 0 11897 0 335340 0 0 0 CHRISTOPHER WONG Sr. Dir, IT Infrs Ops & Suppor 270000 0 22590 0 0 0 14630 0 28924 0 336144 0 0 0 Yamuna Desireddigari Sr. Director, IT Applications 227521 0 17469 0 0 0 12207 0 28326 0 285523 0 0 0 SANDRA Padilla MANAGING DIRECTOR FINANCE 227430 0 26708 0 0 0 12651 0 19634 0 286423 0 0 0 Shane Steele Research Actuary 219761 0 15401 0 0 0 11700 0 1046 0 247908 0 0 0 WENDY WAGGENER Director/Enterprise Data Stewa 215721 0 14379 0 0 0 11452 0 22873 0 264425 0 0 0 PAUL BRINKLEY-ROGERS Senior Applications Architect 215649 0 13295 0 0 0 11396 0 23640 0 263980 0 0 0 Rajitha Lanka Director, Enterprise Data Mgmn 212633 0 17950 0 0 0 11486 0 28661 0 270730 0 0 0 MARY CHAPMAN CORNING Managing Counsel 210350 0 21221 0 0 0 11390 0 23584 0 266545 0 0 0 PAUL KIM Managing Director, CTA & C 205185 0 22162 0 0 0 11326 0 8005 0 246678 0 0 0 ALICIA SANDLIN Managing Director, Cust Exp 202176 0 23395 0 0 0 11222 0 11395 0 248188 0 0 0 Anna Hermanson Hartwing Director, Human Resources 158382 0 14326 0 0 0 8595 0 34457 0 215760 0 0 0 PART III LINE 4B - DEFERRED COMPENSATION PLANS 457(f) Plan The WCIRB established a 457(f) Supplemental Executive Retirement Plan for a select group of management or highly compensated employees. Under the provisions of the 457(f) Plan, the WCIRB has the sole discretion as to the amount of contributions that will be credited into the participant's account. As of December 31, 2024 and 2023, the WCIRB's President is the only participant in the Plan. The Governing Committee of the WCIRB authorizes an annual contribution for the President's 457(f) plan which is reduced by the WCIRB's contribution to the President's 457(b) plan. For 2024, WCIRB's contribution to the 457(f) plan amounted to $525,000. FORM 990, PART VI, SECTION A, LINE 7A: There is an annual membership meeting where officers are elected by popular vote. FORM 990, PART VI, SECTION B, LINE 11B: WCIRB'S GOVERNING BOARD HAS DESIGNATED A SUB-COMMITTEE (THE AUDIT COMMITTEE) TO REVIEW THE PROPRIETY OF THE 2024 TAX RETURN FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15: THE BUDGET AND COMPENSATION SUBCOMMITTEE REVIEW THE SALARY SCHEDULE FOR ALL EXECUTIVE OFFICER POSITIONS ANNUALLY. AS NEEDED, STAFF WILL PROVIDE COMMERCIALLY AVAILABLE SALARY INFORMATION TO THE SUBCOMMITTEE AND MAY OBTAIN ADDITIONAL SALARY INFORMATION FROM OTHER RATING BUREAUS. PERIODICALLY, THE GOVERNING COMMITTEE AND OR BUDGET AND COMPENSATION SUBCOMITTEE WILL COMMISSION A CUSTOM STUDY OF EXECUTIVE SALARIES. THE LATEST SUCH SURVEY WAS CONDUCTED IN 2019 AND TOOK EFFECT FEBRUARY 2020. THE GOVERNING COMMITTEE REVIEWS AND ADOPTS EXECUTIVE SALARIES ON A TWO YEAR CYCLE. THE EXECUTIVE OFFICER SALARY SCHEDULE IS ADJUSTED ON AN ANNUAL BASIS BY THE SAME PERCENTAGE AMOUNT AS THE SALARY SCHEDULE THAT APPLIES TO ALL OTHER POSITIONS. THE SUBCOMMITTEE REVIEWS THE MERIT MATRIX ANNUALLY. THE SUBCOMMITTEE ALSO REVIEWS THE INDIVIDUAL SALARIES AND PERFORMANCE OF THE PRESIDENT AND SENIOR VICE PRESIDENTS ANNUALLY AND MAKES ITS RECOMMENDATIONS TO THE GOVERNING COMMITTEE. SENIOR MANAGER PERFORMANCE EVALUATIONS ARE SUBJECT TO PROCEDURES ADOPTED BY THE GOVERNING COMMITTEE ON MARCH 26, 2008. THESE PROCEDURES ARE DOCUMENTED IN THE BUDGET AND COMPENSATION SUBCOMMITTEE MEETING MATERIALS AND MINUTES. MERIT INCREASES ARE SUBJECT TO THE ADOPTED MERIT MATRIX. FORM 990, PART VI, SECTION C, LINE 19: ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: MINIMUM PENSION AND POSTRETIREMENT MEDICAL LIABILITY ADJUSTMENT $9,195,177. INCOME FROM COMPENSATION DATA EXCHANGE ($4,487). TOTAL TO FORM 990, PART XI, LINE 9 $9,195,177. FORM 990, PART XII, LINE 1 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED ON THE GAAP BASIS. FORM 990, PART XII, LINE 2C THE SELECTION OF THE INDEPENDENT ACCOUNTANT IS RECOMMENDED BY THE MANAGING DIRECTOR, FINANCE AND THE SENIOR VICE PRESIDENT, AND APPROVED BY THE AUDIT COMMITTEE. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND RECOMMENDED TO THE GOVERNING COMMITTEE AT ITS REGULAR MEETING.