WORKERS COMPENSATION REINSURANCE ASSOCIATION
400 ROBERT ST N SUITE 1700, ST PAUL, MN 55101 www.wcra.biz

Total Revenue
$186,807,436
Total Expenses
$62,690,152
Net Assets
$1,406,295,942
Organizations Filed Purposes: 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.

INDEMNIFY SERIOUS WORKERS' COMPENSATION CLAIMS

IN 2019, THE WCRA REIMBURSED 3,357 CLAIM REQUESTS AND PAID $76,634,583 FOR THESE CLAIMS. RESERVES FOR LOSSES AND LOSS EXPENSES DECREASED BY $26,330,171. OVERHEAD EXPENSES ALLOCATED TO LOSS EXPENSES TOTALED $1,970,155.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
James HeerPRESIDENT & CEO50$284,445
Lynn CarrollVP OF ACTUARIAL AND IS45$252,989
Cynthia SmithVP OF OPERATIONS AND SECRETARY60$200,533
Pat IrestoneCIO (SEE SCHEDULE O)20$194,391
Tony TioACTUARY40$183,327
Dave MckeeVP & CFO45$175,582
Natalie HaefnerVP OF CLAIMS AND INJURY MGMT55$147,130
Daniel LovhaugIT MANAGER40$107,368
James OukropDIRECTOR2$10,000
Michele SpencerDIRECTOR2$8,500
William MccarthyDIRECTOR2$8,500
Stuart HendersonDIRECTOR2$8,150
Daniel GreensweigDIRECTOR2$7,750
Allison WaggonerDIRECTOR2$7,000
Jane Jasper KrumrieDIRECTOR2$6,450
Edward ReynosoDIRECTOR2$6,250
Kenneth PetersonDIRECTOR (AS OF 6/19)2$5,250
Thomas BormanDIRECTOR (UNTIL 6/19)2$1,750
Michael ThomaDIRECTOR2$0
Mansco PerryDIRECTOR2$0
Terrence MillerDIRECTOR2$0
Cindy FarrellDIRECTOR2$0
Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202043179349305964_public.xml

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