PENNSYLVANIA COMPENSATION RATING B… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1915

Legal Domicile

Principal Officer

JOHN ZIMITSKI

Phone

2153204414

Tax Period

2023-01-01 to 2023-12-31

PENNSYLVANIA COMPENSATION RATING BUREAU, founded in 1915, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2023.

Mission

THE PENNSYLVANIA COMPENSATION RATING

Program Service Accomplishments

Program 1

COLLECTING, EDITING, AND MAINTAINING WORKERS' COMPENSATION EXPERIENCE DATA FOR NON-COAL MINE COMMERCIAL MARKETS IN PENNSYLVANIA.

Program 2

PROMULGATION, APPLICATION AND ENFORCEMENT OF RISK CLASSIFICATIONS, UNDERWRITING RULES, RATING VALUES AND RATING PLANS APPLICABLE TO WORKERS' COMPENSATION INSURANCE WRITTEN IN PENNSYLVANIA.

Program 3

PREPARATION, SUBMISSION AND DEFENSE OF REGULATORY FILINGS TO AMEND AND/OR MAINTAIN RISK CLASSIFICATIONS, UNDERWRITING RULES, RATING VALUES AND RATING PLANS APPLICABLE TO WORKERS' COMPENSATION...

PREPARATION, SUBMISSION AND DEFENSE OF REGULATORY FILINGS TO AMEND AND/OR MAINTAIN RISK CLASSIFICATIONS, UNDERWRITING RULES, RATING VALUES AND RATING PLANS APPLICABLE TO WORKERS' COMPENSATION INSURANCE WRITTEN IN PENNSYLVANIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,213,467

Program Service Revenue $0

Investment Income $77,788

Other Revenue $75,060

TOTAL REVENUE $14,366,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,642,112

Fundraising Expenses $0

Other Expenses $1,222,476

TOTAL EXPENSES $14,864,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,366,315	$13,545,302	+0.1%
Expenses	$14,864,588	$13,032,558	+0.1%
Net Income	$-498,273	$512,744	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

114

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,889,367

Total Directors

Key Employees

$1,169,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT OTTO	VP ACTUARIAL	30.00	Officer	$409,703	$56,097	$465,800
THOMAS CLEARY	SENIOR VP &	30.00	Officer	$340,905	$17,354	$358,259
WILLIAM V TAYLOR	PRESIDENT	30.00	Officer	$321,353	$21,228	$342,581
LISA LINDER	VP - IT & CI	30.00	Officer	$260,016	$34,355	$294,371
PETER YOON	DIR OF ACTUA	30.00	Key Emp	$170,535	$54,792	$225,327
JOHN ZIMITSKI	VP AND TREAS	30.00	Officer	$202,167	$18,834	$221,001
ALEXANDER PAGAN	DIRECTOR OF	30.00	Key Emp	$196,484	$19,621	$216,105
DAWN BELFUS	VP DATA SERV	30.00	Officer	$176,066	$31,289	$207,355
KERRY ANN LOWE	DIR - RATING	30.00	Key Emp	$166,108	$33,075	$199,183
RITA ANN LAMB	DIR. DATA MA	30.00	Key Emp	$168,244	$11,474	$179,718
MICHAEL HENKIN	DIRECTOR OF	30.00	Key Emp	$157,736	$18,433	$176,169
RAVINDRA SINGH	DIR. OF SOFT	30.00	Key Emp	$157,084	$15,523	$172,607
N/A	CHAIR	1.60		$0	$0	$0
NATIONAL FEDERATION OF INDEP BUS	TRUSTEE	1.60		$0	$0	$0
TRAVELERS INDEMNITY CO	VICE CHAIR	1.60		$0	$0	$0
LIBERTY MUTUAL INSURANCE CO	TRUSTEE	1.60		$0	$0	$0
ZENITH INSURANCE CO	TRUSTEE	1.60		$0	$0	$0
ZURICH INSURANCE CO	TRUSTEE	1.60		$0	$0	$0
STATE WORKERS INSURANCE FUND	TRUSTEE	1.60		$0	$0	$0
EASTERN ALLIANCE INSURANCE GROUP	TRUSTEE	1.60		$0	$0	$0
PA CHAMBER OF BUSINESS INDUSTRY	TRUSTEE	1.60		$0	$0	$0
DEPARTMENT OF LABOR INDUSTRY	TRUSTEE	1.60		$0	$0	$0
BRICKSTREET MUTUAL INSURANCE	TRUSTEE	1.60		$0	$0	$0
UPMC	TRUSTEE	1.60		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$14,366,315	$14,864,588	$18,802,235	$-498,273
2022	$13,545,302	$13,032,558	$19,093,164	$512,744
2021	$13,500,527	$12,637,591	$10,444,965	$862,936
2020	$13,903,445	$13,198,744	$9,788,433	$704,701
2019	$13,557,357	$12,442,438	$8,953,954	$1,114,919
2018	$13,298,179	$11,916,648	$8,049,942	$1,381,531

PENNSYLVANIA COMPENSATION RATING BUREAU