Compensation 990

Chesapeake Employers' Insurance Company

Fiscal year ending 2022. Filed on April 15, 2024.

8722 Loch Raven Boulevard
Towson, Maryland 21286

Chesapeake Employers' Insurance Company (EIN: 46-1056754) has filed an IRS Form 990 from fiscal year 2016–2022. In its fiscal year 2022 IRS Form 990 filing, Chesapeake Employers' Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $224,009. The highest compensated employee at Chesapeake Employers' Insurance Company is Thomas Phelan with fiscal year 2022 compensation of $417,360.

Revenue, expenses, and employee compensation

Revenue

$134,874,292

Expenses

$101,231,861

Employee compensation

$20,047,890
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－46.2%vs 2021
Thomas Phelan
Chief Executive Officer
$417,360
$405,160 from orgNo related comp$12,200 other
－41.1%vs 2021
Kevin Bingham
Chief Results Officer
$372,795
$339,681 from orgNo related comp$33,114 other
－44.2%vs 2021
Paige Beck
President
$228,114
$215,914 from orgNo related comp$12,200 other
－46.5%vs 2021
Frank Linardi
Chief Financial Officer
$169,136
$153,165 from orgNo related comp$15,971 other
－45.6%vs 2021
Carmine D'Alessandro
Chief Legal Officer
$162,243
$144,506 from orgNo related comp$17,737 other
－47.1%vs 2021
Sharon Rowell
Chief Administrative Officer
$158,955
$148,375 from orgNo related comp$10,580 other
－43.9%vs 2021
Song He
Chief Investment Officer
$156,598
$129,545 from orgNo related comp$27,053 other
－46.1%vs 2021
Stephen Fisher
Medical Consultant
$126,867
$115,440 from orgNo related comp$11,427 other

Non-Employee Board Members

－50.0%vs 2021
Suzanne Thompson
Board Chair
$23,244
$23,244 from orgNo related compNo other comp
－48.9%vs 2021
Franklin Hajek
Director
$22,999
$22,699 from orgNo related comp$300 other
－48.9%vs 2021
Maria Tildon
Director (TO JUN '22)
$22,939
$22,715 from orgNo related comp$224 other
－50.0%vs 2021
Spencer Cavalier
Director
$21,563
$21,563 from orgNo related compNo other comp
New in 2022
Keturah McGhee
Director
$20,819
$20,819 from orgNo related compNo other comp
－50.0%vs 2021
Jason Schupp
Director
$20,719
$20,719 from orgNo related compNo other comp
－50.0%vs 2021
John Scott Jr
Vice Chair
$20,719
$20,719 from orgNo related compNo other comp
－50.0%vs 2021
Martin Madden
Director
$20,719
$20,719 from orgNo related compNo other comp
－50.0%vs 2021
Theodore Alexander III
Director
$10,361
$10,361 from orgNo related compNo other comp
New in 2022
Sally Jameson
Director (From JUN '22)
No compensation reported

Mission Statement

CHESAPEAKE EMPLOYERS' INSURANCE COMPANY WAS ESTABLISHED BY STATUTE TO BE THE WORKERS' COMPENSATION INSURER OF LAST RESORT AS WELL AS A COMPETITIVE INSURER IN THE STATE OF MARYLAND.

Revisions to this organization profile

April 15, 2024:
2022 Chesapeake Employers' Insurance Company 990 filed
November 9, 2022:
2021 Chesapeake Employers' Insurance Company 990 filed
November 12, 2021:
2020 Chesapeake Employers' Insurance Company 990 filed

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