BASKING RIDGE, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WORKERS COMPENSATION SECURITY FUND, founded in 2010, is a mid-sized nonprofit in the Community Improvement sector that reported $33.5M in total revenue in fiscal year 2023. The organization ran a surplus of $7.3M, a strong 22% operating margin.
THE WCSF WAS ESTABLISHED BY THE NEW JERSEY LEGISLATURE IN 1935 TO PAY THE CLAIMS OF INSOLVENT WORKERS' COMPENSATION INSURANCE CARRIERS ARISING FROM THE COVERAGE OF RISKS LOCATED OR RESIDENT IN NEW JERSEY. CARRIERS AUTHORIZED TO TRANSACT THE BUSINESS OF WORKERS' COMPENSATION INSURANCE IN NEW JERSEY CONTRIBUTE TO THE WCSF.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $33,543,502 | $33,850,495 | 0.0% |
| Expenses | $26,287,757 | $27,511,130 | 0.0% |
| Net Income | $7,255,745 | $6,339,365 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JESSICA SCHLEE-GILBERT | TRUSTEE - DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID RACZENBECK | TRUSTEE - DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.00 |
|
$0 | $0 | $0 |
| JOSEPH DELLAFERA | CHIEF EXECUTIVE OFFICER | 9.00 |
Officer
|
$0 | $34,876 | $330,284 |
| LORI CONNORS | GENERAL COUNSEL | 9.00 |
Officer
|
$0 | $33,169 | $265,583 |
| RONALD CHESS | DIR. OF COMPLIANCE & IT | 9.00 |
Officer
|
$0 | $33,664 | $220,123 |
| MICHAEL ROMEO | DIRECTOR OF CLAIMS | 9.00 |
Officer
|
$0 | $28,871 | $205,721 |
| TRISH YOUNG | DIRECTOR OF OPERATIONS | 9.00 |
Officer
|
$0 | $14,895 | $190,668 |
| FRANK ROTELLA | DIRECTOR OF FINANCE | 9.00 |
Officer
|
$0 | $10,238 | $129,794 |
| THOMAS ANTOLA | SOFTWARE DEVELOP. MANAGER | 9.00 |
Highest
|
$0 | $31,638 | $186,704 |
| STEVEN LISNER | SR MED BILL REVIEW & CODE ANLST | 9.00 |
Highest
|
$0 | $26,573 | $175,197 |
| RENAN BESIDO | ASST DIRECTOR OF CLAIMS | 9.00 |
Highest
|
$0 | $34,555 | $186,569 |
| NICHOLAS HAMM | DIRECTOR OF SUI | 9.00 |
Highest
|
$0 | $12,942 | $166,758 |
| JASON PINTER | ASST DIRECTOR OF COMPLIANCE & IT | 9.00 |
Highest
|
$0 | $35,673 | $179,651 |
| WILLIAM KAHLE | FORMER DIRECTOR OF FINANCE | 9.00 |
|
$0 | $30,550 | $178,465 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $33,543,502 | $26,287,757 | $243,284,559 | $7,255,745 |
| 2022 | $33,850,495 | $27,511,130 | $236,085,862 | $6,339,365 |
| 2021 | $28,644,741 | $29,725,302 | $229,766,675 | $-1,080,561 |
| 2020 | $35,010,632 | $33,366,842 | $230,914,440 | $1,643,790 |
| 2019 | $58,825,090 | $36,675,386 | $229,143,293 | $22,149,704 |
| 2018 | $51,066,087 | $34,981,115 | $207,438,414 | $16,084,972 |
Compare WORKERS COMPENSATION SECURITY FUND with other nonprofits in New Jersey and across the country.