NATIONAL WORKERS COMPENSATION REIN… - 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

2010

Legal Domicile

Principal Officer

JASON JACQUES

Phone

3124431823

Tax Period

2024-01-01 to 2024-12-31

NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCIATION NFP, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024.

Mission

NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCIATION NFP (THE ASSOCIATION) WAS ORGANIZED AND IS OPERATED TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS AND IMPROVE BUSINESS CONDITIONS AMONG WORKERS COMPENSATION INSURANCE COMPANIES. THE ASSOCIATION ASSISTS WORKERS COMPENSATION INSURANCE COMPANIES TO COMPLY WITH THE STATE PLANS AND FACILITATES THE STATUTORY OBLIGATION TO PARTICIPATE IN THE INVOLUNTARY MARKET. THE ASSOCIATION OVERSEES THE ADMINISTRATION AND MONITORS COMPLIANCE OF THE QUOTA SHARE REINSURANCE ARRANGEMENT WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT IS IN COMPLIANCE WITH THE STATE REQUIREMENTS.

Program Service Accomplishments

Program 1

THE ASSOCIATION OVERSEES THE ADMINISTRATION AND MONITORS COMPLIANCE OF THE QUOTA SHARE REINSURANCE ARRANGEMENTS WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE...

THE ASSOCIATION OVERSEES THE ADMINISTRATION AND MONITORS COMPLIANCE OF THE QUOTA SHARE REINSURANCE ARRANGEMENTS WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT IS IN COMPLIANCE WITH THE STATE PLANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,864,223

Investment Income $48,233

Other Revenue $0

TOTAL REVENUE $5,912,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,912,456

TOTAL EXPENSES $5,912,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,912,456	$5,919,182	0.0%
Expenses	$5,912,456	$5,919,182	0.0%
Net Income	$0	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD CHIDDICK	DIRECTOR	2.00	Director	$0	$0	$0
MARISUE NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD HANLON	CHAIR THRU JUNE 2024, DIRECTOR	2.00	Officer Director	$0	$0	$0
BRIAN MELAS	CHAIR THRU OCTOBER 2024	2.00	Officer Director	$0	$0	$0
MICHAEL HAPPE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DE VIERE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEFFREY FEE	DIRECTOR THRU JUNE 2024	2.00	Director	$0	$0	$0
KAREN SCHWARTZ	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH WELLS	DIRECTOR	2.00	Director	$0	$0	$0
JASON JACQUES	CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN HOFFMAN	DIRECTOR BEGIN OCTOBER 2024	2.00	Director	$0	$0	$0
JEFF COLE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY LYNN NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
GREG KUSHNIR	DIRECTOR	2.00	Director	$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	$5,912,456	$5,912,456	$1,169,023	No data
2023	$5,919,182	$5,919,182	$1,162,749	No data
2022	$5,525,142	$5,525,142	$1,330,032	No data
2021	$5,263,387	$5,263,387	$1,592,503	No data
2020	$6,149,785	$6,149,785	$1,068,025	No data
2019	$5,760,069	$5,760,069	$1,308,112	No data
2018	$5,769,478	$5,769,478	$1,159,638	No data

NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCIATION NFP