Nonprofit · EIN 41-1357750
WORKERS COMPENSATION REINSURANCE ASSOCIATION
Also known as Regina Medical Center LPN Employees AFSCME MN Council 65 Local 105
Tax-exempt · SAINT PAUL, MN 55101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $260,552,944 | -$6,535,237 | $267,088,181 | $3,753,979,130 | $1,503,872,857 | $2,250,106,273 |
| December 31, 2023 | 990 | $188,204,787 | $49,160,664 | $139,044,123 | $3,484,949,959 | $1,624,178,919 | $1,860,771,040 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $50,621,802
- Investment income
- $209,931,142
- Net gain from sales of assets
- $144,718,653
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- -$21,479,802
- Compensation of officers, directors and key employees
- $2,244,862
- Other salaries and wages
- $2,224,066
- Salaries, compensation and benefits (total)
- $5,118,579
- Professional fundraising fees
- $0
- Legal fees
- $16,836
- Accounting fees
- $195,128
- Occupancy
- $218,287
- Travel
- $31,904
- Depreciation
- $245,083
Balance sheet and other
- Total assets, start of year
- $3,484,949,959
- Total assets, end of year
- $3,753,979,130
- Total liabilities, end of year
- $1,503,872,857
- Net assets, end of year
- $2,250,106,273
- Land, buildings and equipment
- $2,605,643
- Publicly traded securities
- $3,488,417,895
- Gross unrelated business income
- $217,901
- Gross receipts
- $20,163,306,546
- Employees
- 34
- Volunteers
- 0
- Year formed
- 1979
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HEER | PRESIDENT & CEO Officer | 50 | $378,016 | $146,789 |
| CYNTHIA SMITH | VP OF OPERATIONS/CORP SECRETRY Officer | 60 | $251,451 | $160,474 |
| ALISON KHAN | VP & ACTUARY Officer | 40 | $263,198 | $64,682 |
| DAVE MCKEE | VP & CFO TREASURER Officer | 45 | $215,014 | $112,670 |
| TONY TIO | ACTUARY Highest-paid employee | 40 | $209,930 | $94,678 |
| NATALIE HAEFNER | VP OF CLAIMS AND INJURY MGMT Officer | 50 | $171,639 | $128,670 |
| DANIEL LOVHAUG | VP IT & SECURITY OFFICER Officer | 50 | $189,291 | $55,426 |
| RAY MULARIE | BUSINESS SYS ANALYST V Highest-paid employee | 40 | $131,921 | $63,754 |
| SEAN NAGEL | ENTERPRISE ARCHITECT Highest-paid employee | 40 | $168,387 | $19,552 |
| EVAN CORDES | LEGAL COUNSEL AS OF 2/24 Highest-paid employee | 40 | $169,827 | $15,126 |
| PETER FOLEY | MEMBERSHIP AUDIT SUPERVISOR Highest-paid employee | 40 | $125,401 | $32,629 |
| KENNETH PETERSON | DIRECTOR Trustee or director | 2 | $14,250 | $0 |
| JAMES OUKROP | DIRECTOR Trustee or director | 2 | $12,500 | $0 |
| WILLIAM MCCARTHY | DIRECTOR Trustee or director | 2 | $11,500 | $0 |
| TERRENCE MILLER | DIRECTOR Trustee or director | 2 | $9,850 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD LONG | DIRECTOR Trustee or director | 2 | $9,750 |
| SHEILA BROWN | DIRECTOR Trustee or director | 2 | $9,700 |
| DANIEL GREENSWEIG | DIRECTOR Trustee or director | 2 | $9,500 |
| ALLISON WAGGONER | DIRECTOR Trustee or director | 2 | $9,500 |
| SAMUEL NOLLEY | DIRECTOR Trustee or director | 2 | $7,500 |
| JEAN MACHART | DIRECTOR Trustee or director | 2 | $6,750 |
| EDWARD REYNOSO | DIRECTOR Trustee or director | 2 | $6,500 |
| PAUL MOORE | DIRECTOR Trustee or director | 2 | $0 |
| JILL SCHURTZ | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HEER | PRESIDENT & CEO Officer | 50 | $350,049 | $123,016 |
| CYNTHIA SMITH | VP OF OPERATIONS/CORP SECRETRY Officer | 65 | $238,178 | $190,352 |
| ALISON KHAN | VP & ACTUARY Officer | 40 | $254,134 | $48,443 |
| TONY TIO | ACTUARY Highest-paid employee | 40 | $205,309 | $91,467 |
| DAVE MCKEE | VP & CFO TREASURER Officer | 45 | $204,683 | $90,538 |
| NATALIE HAEFNER | VP OF CLAIMS AND INJURY MGMT Officer | 50 | $163,789 | $119,214 |
| DANIEL LOVHAUG | VP IT & SECURITY OFFICER Officer | 50 | $161,906 | $40,980 |
| RAY MULARIE | BUSINESS SYS ANALYST V Highest-paid employee | 40 | $127,190 | $46,080 |
| PETER FOLEY | MEMBERSHIP AUDIT SUPERVISOR Highest-paid employee | 40 | $120,277 | $30,410 |
| JAMES OUKROP | DIRECTOR Trustee or director | 2 | $11,500 | $0 |
| WILLIAM MCCARTHY | DIRECTOR Trustee or director | 2 | $10,750 | $0 |
| KENNETH PETERSON | DIRECTOR Trustee or director | 2 | $10,750 | $0 |
| ALLISON WAGGONER | DIRECTOR Trustee or director | 2 | $9,250 | $0 |
| EDWARD REYNOSO | DIRECTOR Trustee or director | 2 | $8,500 | $0 |
| TERRENCE MILLER | DIRECTOR Trustee or director | 2 | $7,950 | $0 |
| DANIEL GREENSWEIG | DIRECTOR Trustee or director | 2 | $7,750 | $0 |
| SAMUEL NOLLEY | DIRECTOR Trustee or director | 2 | $7,750 | $0 |
| SHEILA BROWN | DIRECTOR Trustee or director | 2 | $7,000 | $0 |
| RICHARD LONG | DIRECTOR Trustee or director | 2 | $7,000 | $0 |
| JEAN MACHART | DIRECTOR (AS OF 03/23) Trustee or director | 2 | $5,500 | $0 |
| PAUL MOORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JILL SCHURTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 ROBERT ST N STE 1700, SAINT PAUL, MN 55101-2026
- In care of
- % DAVID MCKEE
- Mailing address (990-N for 2011)
- 1206 W 2nd Street, Hastings MN 55033
- Principal officer (990 for 2024)
- JAMES HEER, 400 ROBERT STREET NORTH 1700, ST PAUL, MN 55101
- Principal officer (990-N for 2011)
- Kathleen Lothenbach, 1206 W 2nd Street, Hastings MN 55033
- Signed the 990
- JAMES HEER, PRESIDENT & CEO
- Phone
- (651) 293-0999
- Website
- WWW.WCRA.BIZ
- Return prepared by
- PwC US Tax LLP
Mission
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.
Program accomplishments
- IN 2024, THE WCRA REIMBURSED 2,690 CLAIM REQUESTS AND PAID $73,440,955 FOR THESE CLAIMS. RESERVES FOR LOSSES AND LOSS EXPENSES DECREASED BY $94,920,757. OVERHEAD EXPENSES ALLOCATED TO LOSS EXPENSES TOTALED $2,471,335.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1357750
- Tax-exempt status
- 501(c)(27): State workers' compensation organization
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,753,979,130
- Income (IRS master file)
- $20,163,306,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $260,552,944 | -$6,535,237 | $3,753,979,130 | IRS |
| 990 | December 2023 | $188,204,787 | $49,160,664 | $3,484,949,959 | XML |
| 990 | December 2022 | $321,335,040 | $53,879,972 | $2,999,849,537 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: Kathleen Lothenbach | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1357750).
Questions about WORKERS COMPENSATION REINSURANCE ASSOCIATION
- What is the EIN of WORKERS COMPENSATION REINSURANCE ASSOCIATION?
- The employer identification number (EIN) of WORKERS COMPENSATION REINSURANCE ASSOCIATION is 41-1357750.
- Is WORKERS COMPENSATION REINSURANCE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(27) since 1997.
- Are donations to WORKERS COMPENSATION REINSURANCE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORKERS COMPENSATION REINSURANCE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORKERS COMPENSATION REINSURANCE ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORKERS COMPENSATION REINSURANCE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORKERS COMPENSATION REINSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JAMES HEER.
- Who are the officers and directors of WORKERS COMPENSATION REINSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 22 received compensation from the organization, the highest $378,016 (JAMES HEER, PRESIDENT & CEO).
- How much revenue does WORKERS COMPENSATION REINSURANCE ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $260,552,944, expenses of -$6,535,237 and total assets of $3,753,979,130 at year end.
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