WORKERS COMPENSATION RESEARCH INST… - 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

1983

Legal Domicile

Principal Officer

RAMONA TANABE

Phone

6176619274

Tax Period

2023-07-01 to 2024-06-30

WORKERS COMPENSATION RESEARCH INSTITUTE, founded in 1983, is a community nonprofit in the Mutual Benefit sector that reported $7.9M in total revenue in fiscal year 2023. Expenses of $8.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO BE A CATALYST FOR SIGNIFICANT IMPROVEMENTS IN WORKERS' COMPENSATION SYSTEMS, PROVIDING THE PUBLIC WITH OBJECTIVE, CREDIBLE, HIGH-QUALITY RESEARCH ON IMPORTANT PUBLIC POLICY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $7,277,007 Revenue: $7,458,265

THE INSTITUTE WAS ESTABLISHED TO GATHER, ANALYZE, AND DISSEMINATE RELIABLE INFORMATION TO LEGISLATORS, ADMINISTRATORS, TASK FORCES, AND INDUSTRY GROUPS INTERESTED IN IMPROVING WORKERS' COMPENSATION...

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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 $0

Program Service Revenue $7,458,265

Investment Income $394,342

Other Revenue $0

TOTAL REVENUE $7,852,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,638,989

Fundraising Expenses $0

Program Expenses $7,277,007

Other Expenses $3,038,483

TOTAL EXPENSES $8,677,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,852,607	$7,708,540	+0.0%
Expenses	$8,677,472	$8,499,598	+0.0%
Net Income	$-824,865	$-791,058	+0.0%

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

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

$918,530

Total Directors

Key Employees

$317,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KEARNEY	DIRECTOR	0.00	Director	$0	$0	$0
RUSSELL J PASS	DIRECTOR	0.00	Director	$0	$0	$0
STEVE PERROOTS	DIRECTOR	0.00	Director	$0	$0	$0
DENISE ZOE ALGIRE	DIRECTOR	0.00	Director	$0	$0	$0
DEBRA KANE	DIRECTOR	0.00	Director	$0	$0	$0
ADNAN PATHAN	DIRECTOR	0.00	Director	$0	$0	$0
DIANA HAVEN	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH WELLS	CHAIRPERSON	0.00	Director	$0	$0	$0
KIMBERLY GEORGE	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD IVES	VICE CHAIRPERSON	0.00	Director	$0	$0	$0
JON STEWART	TREASURER	0.00	Director	$0	$0	$0
MELISSA ZAPARANIC	DIRECTOR	0.00	Director	$0	$0	$0
DOUGLAS ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN BRADY	DIRECTOR	0.00	Director	$0	$0	$0
JOAN VINCENZ	DIRECTOR	0.00	Director	$0	$0	$0
NEIL DEBLOCK	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN A BENNETT	DIRECTOR	0.00	Director	$0	$0	$0
MICHELE ADAMS	VICE CHAIRPERSON	0.00	Director	$0	$0	$0
RAMONA TANABE	PRESIDENT AND CEO	40.00	Officer	$444,670	$82,424	$527,094
JOHN RUSER	FORMER PRESIDENT & CEO	40.00	Officer	$355,498	$35,938	$391,436
SEBASTIAN NEGRUSA	VICE PRESIDENT OF RESEARCH	40.00	Key Emp	$252,370	$65,380	$317,750
ANDREW KENNEALLY	COMMUNICATIONS DIRECTOR	40.00	Highest	$190,668	$25,852	$216,520
OLYESA FOMENKO	ECONOMIST	40.00	Highest	$173,231	$18,906	$192,137
RUI YANG	SENIOR PUBLIC POLIC ANALYS	40.00	Highest	$174,449	$20,402	$194,851
ERIC HARRISION	DATA DEVELOPMENT DIRECTOR	40.00	Highest	$176,684	$58,937	$235,621
DONGCHUN WANG	SENIOR PUBLIC POLIC ANALYS	40.00	Highest	$164,876	$21,902	$186,778

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
2025	No data	No data	No data	No data
2024	$7,852,607	$8,677,472	$15,006,395	$-824,865
2023	$7,708,540	$8,499,598	$14,225,716	$-791,058
2022	$8,149,473	$8,226,464	$14,727,537	$-76,991
2021	$7,907,334	$7,660,794	$16,894,777	$246,540
2020	$8,076,518	$8,585,734	$15,878,746	$-509,216
2019	$8,445,923	$8,750,104	$16,244,243	$-304,181

WORKERS COMPENSATION RESEARCH INSTITUTE