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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 2022. Filed on November 11, 2023.

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 2022 IRS Form 990 filing, Workers' Compensation Reinsurance Association, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 9 out of 33 total employees. Among the employees shown here, the average compensation is $264,919. The highest compensated employee at Workers' Compensation Reinsurance Association is James Heer with fiscal year 2022 compensation of $440,780.

Revenue, expenses, and employee compensation

Revenue

$321,335,040

Expenses

$53,879,972

Employee compensation

$4,360,912
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Heer
President and Chief Executive Officer
$440,780
$335,621 No related comp$105,159
Cynthia Smith
Vice President of Operations/Corp Secretry
$390,101
$221,648 No related comp$168,453
Tony Tio
Actuary
$275,108
$199,104 No related comp$76,004
Dave McKee
Vice President and Cfo/Treasurer
$266,318
$190,817 No related comp$75,501
Natalie Haefner
Vice President of Claims and Injury MGMT
$258,186
$156,667 No related comp$101,519
Lynn Carroll
Vice President and Actuary (Until 10/10)
$244,995
$214,681 No related comp$30,314
Alison Khan
Vice President and Actuary (AS of 05/25)
$187,279
$169,563 No related comp$17,716
Daniel Lovhaug
Vice President IT and Security Officer
$186,748
$156,509 No related comp$30,239
Peter Foley
Membership Audit Supervisor
$134,758
$112,986 No related comp$21,772

Benchmark Employee Compensation

Non-Employee Board Members

Samuel Nolley
Director
$11,650
$11,650 No related compNo other comp
Kenneth Peterson
Director
$11,500
$11,500 No related compNo other comp
James Oukrop
Director
$11,500
$11,500 No related compNo other comp
Daniel Greensweig
Director
$9,250
$9,250 No related compNo other comp
William McCarthy
Director
$9,250
$9,250 No related compNo other comp
Sheila Brown
Director
$9,250
$9,250 No related compNo other comp
Allison Waggoner
Director
$8,500
$8,500 No related compNo other comp
Edward Reynoso
Director
$7,750
$7,750 No related compNo other comp
Richard Long
Director
$6,250
$6,250 No related compNo other comp
Cindy Farrell
Director (Until 07/22)
No compensation reported
Mansco Perry
Director (Until 09/2022)
No compensation reported
Michele Spencer
Director (Until 01/22)
No compensation reported

Contractors

Jp Morgan Institutional Investments
Portfolio Management
$1,435,192
Rsm US LLP
App Development Spt
$1,269,616
Pimco
Portfolio Management
$997,814
Blackrock Financial
Portfolio Management
$824,797
Hotchkis Wiley
Portfolio Management
$582,190

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