MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC (EIN 410417040) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JENNIFER WOLF

Phone

9528971737

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC, founded in 1983, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE TO ITS MEMBERS SERVICES AND INFORMATION REQUIRED UNDER PROVISIONS OF MN STATUTES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,866,171

Investment Income $386,729

Other Revenue $0

TOTAL REVENUE $8,252,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,271,561

Fundraising Expenses $0

Program Expenses $5,054,409

Other Expenses $2,986,811

TOTAL EXPENSES $8,258,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,252,900	$8,246,453	+0.0%
Expenses	$8,258,372	$7,833,712	+0.1%
Net Income	$-5,472	$412,741	-1.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,098,777

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER WOLF	PRESIDENT	36.00	Officer	$299,879	$15,749	$315,628
KATHLEEN PETERSON	SR. VP - OPERATIONS/TREASU	36.00	Officer	$198,097	$21,532	$219,629
DOUG KOCH	CHIEF TECHNOLOGY OFFICER	36.00	Officer	$184,996	$5,370	$190,366
ANDREA EVERLING	VICE PRESIDENT ACTUARIAL S	36.00	Officer	$170,788	$15,988	$186,776
GREGG LUTZ	VICE PRESIDENT DATA SERVICE	36.00	Officer	$166,009	$20,369	$186,378
ALEXANDER BARDZILAUSKAS	BUSINESS SOLUTIONS ARCHITECT	36.00	Highest	$145,075	$25,723	$170,798
THOMAS GOODRICH	BUSINESS ANALYST	36.00	Highest	$119,321	$17,657	$136,978
AUNTARA DE	SENIOR ACTUARIAL RESEARCHER	36.00	Highest	$121,120	$10,576	$131,696
DEANNE REESE	BUSINESS ANALYST LEAD	36.00	Highest	$120,492	$4,093	$124,585
KATHI MOCOL	OPERATIONS MANAGER	36.00	Highest	$107,159	$15,769	$122,928
PAUL LARSON	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN BETHEA	BOARD MEMBER	0.50	Director	$0	$0	$0
ARYEH HASELKORN	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANA TRENT	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY THADEN	BOARD MEMBER	0.50	Director	$0	$0	$0
AMANDA APONTE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS WESTERMEYER	BOARD MEMBER	0.50	Director	$0	$0	$0
PETE CORNING	BOARD MEMBER	0.50	Director	$0	$0	$0
STACEY KURASH	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDY STODDARD	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT TRACY	BOARD MEMBER	0.50	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	$8,252,900	$8,258,372	$5,211,332	$-5,472
2023	$8,246,453	$7,833,712	$5,344,532	$412,741
2022	$7,968,518	$7,490,468	$4,780,286	$478,050
2021	$7,886,561	$7,111,560	$5,175,183	$775,001
2020	$7,491,232	$6,996,551	$4,823,214	$494,681
2019	$9,712,089	$11,041,291	$5,043,658	$-1,329,202
2018	$7,597,856	$7,271,297	$6,659,152	$326,559

MINNESOTA WORKERS COMPENSATION INSURERS ASSOCIATION INC