nonprofit · EIN 41-1357750 · MN
How much does WORKERS' COMPENSATION REINSURANCE ASSOCIATION raise and spend?
WORKERS' COMPENSATION REINSURANCE ASSOCIATION (MN, EIN 41-1357750) reported $188.2M in revenue and $49.2M in expenses for tax year 2023, with $1.9B in net assets (454.2 months of reserves). By expenses that ranks 7,944 of 539,974 e-filers, 175 of 12,489 nonprofits in minnesota.
What stands out
WORKERS' COMPENSATION REINSURANCE ASSOCIATION (MN, EIN 41-1357750) reported $188.2M in revenue and $49.2M in expenses for tax year 2023, with $1.9B in net assets (454.2 months of reserves). By expenses that ranks 7,944 of 539,974 e-filers, 175 of 12,489 nonprofits in minnesota. Against nonprofits with $10M-$100M in expenses: months of reserves 454.2 months, above the peer median of 9.0 months; officer compensation share of expenses 4.2%, above the peer median of 2.5%; contributions share of revenue 0.0%, below the peer median of 13.8%; surplus margin 73.9%, above the peer median of 1.8%.
Key figures, tax year 2023
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2023 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $188.2M | — | $21.6M | $194.7k |
| Total expenses | $49.2M | — | $20.9M | $178.5k |
| Total assets | $3.5B | — | $29.9M | $775.3k |
| Net assets | $1.9B | — | $17.0M | $622.5k |
| Officer compensation (total per organisation) | $2.1M | — | $609.0k | $113.0k |
| Program service revenue share | 25.8% | — | 74.7% | 13.8% |
| Contributions share of revenue | 0.0% | — | 13.8% | 57.5% |
| Officer compensation share of expenses | 4.2% | — | 2.5% | 6.5% |
| Months of reserves | 454.2 months | — | 9.0 months | 12.6 months |
| Surplus margin | 73.9% | — | 1.8% | 3.9% |
Year by year
5 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2023 | $188.2M | $49.2M | $1.9B | 454.2 months | $2.1M | 7,944 |
| 2022 | $321.3M | $53.9M | $1.5B | 323.0 months | $2.1M | 6,763 |
| 2020 | $279.5M | $9.8M | $1.9B | — | $1.6M | 23,306 |
| 2019 | $186.8M | $62.7M | $1.4B | 269.2 months | $1.5M | 5,196 |
| 2018 | $136.8M | $64.2M | $904.3M | 169.2 months | $1.4M | 4,675 |
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