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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Workers' Compensation Reinsurance Association

Workers' Compensation Reinsurance Association

Fiscal year ending 2024. Filed on November 17, 2025.

400 Robert Street North Suite 1700
ST Paul, Minnesota 55101

Workers' Compensation Reinsurance Association (EIN: 41-1357750) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Workers' Compensation Reinsurance Association, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 11 out of 34 total employees. Among the employees shown here, the average compensation is $288,048. The highest compensated employee at Workers' Compensation Reinsurance Association is James Heer with fiscal year 2024 compensation of $524,805.

Revenue, expenses, and employee compensation

Revenue

$260,552,944

Expenses

-$6,535,237

Employee compensation

$5,118,579
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Heer
President and Chief Executive Officer
$524,805
$378,016 No related comp$146,789
Cynthia Smith
Vice President of Operations/Corp Secretry
$411,925
$251,451 No related comp$160,474
Alison Khan
Vice President and Actuary
$327,880
$263,198 No related comp$64,682
Dave McKee
Vice President and CFO Treasurer
$327,684
$215,014 No related comp$112,670
Tony Tio
Actuary
$304,608
$209,930 No related comp$94,678
Natalie Haefner
Vice President of Claims and Injury MGMT
$300,309
$171,639 No related comp$128,670
Daniel Lovhaug
Vice President IT and Security Officer
$244,717
$189,291 No related comp$55,426
Ray Mularie
Business SYS Analyst V
$195,675
$131,921 No related comp$63,754
Sean Nagel
Enterprise Architect
$187,939
$168,387 No related comp$19,552
Evan Cordes
Legal Counsel AS of 2/24
$184,953
$169,827 No related comp$15,126
Peter Foley
Membership Audit Supervisor
$158,030
$125,401 No related comp$32,629

Benchmark Employee Compensation

Non-Employee Board Members

Kenneth Peterson
Director
$14,250
$14,250 No related compNo other comp
James Oukrop
Director
$12,500
$12,500 No related compNo other comp
William McCarthy
Director
$11,500
$11,500 No related compNo other comp
Terrence Miller
Director
$9,850
$9,850 No related compNo other comp
Richard Long
Director
$9,750
$9,750 No related compNo other comp
Sheila Brown
Director
$9,700
$9,700 No related compNo other comp
Allison Waggoner
Director
$9,500
$9,500 No related compNo other comp
Daniel Greensweig
Director
$9,500
$9,500 No related compNo other comp
Samuel Nolley
Director
$7,500
$7,500 No related compNo other comp
Jean MacHart
Director
$6,750
$6,750 No related compNo other comp
Edward Reynoso
Director
$6,500
$6,500 No related compNo other comp
Paul Moore
Director
No compensation reported

Contractors

Jp Morgan Institutional Investments
Portfolio Management
$2,074,606
Outsystems Inc.
Custom Software
$1,408,038
Blackrock Financial
Portfolio Management
$912,710
Pimco
Portfolio Management
$904,402
Northern Trust
Ptfl Management and Cust Fee
$537,497

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 Workers' Compensation Reinsurance Association 990 filed
November 15, 2024:
2023 Workers' Compensation Reinsurance Association 990 filed
November 11, 2023:
2022 Workers' Compensation Reinsurance Association 990 filed

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Other organizations also named Workers' Compensation Reinsurance Association

National Workers Compensation Reinsurance Association NFP
Chicago, Illinois
Plan Sponsor Trust of Workers Compensation Reinsurance Association
Clinton, Iowa