WORKERS' COMPENSATION INSUR RATING BUREAU OF CALIFORNIA (EIN 940358760) - Form 990 Financial Analysis & Trantor Score

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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

WILLIAM JAMES MUDGE

Phone

4157770777

Tax Period

2024-01-01 to 2024-12-31

WORKERS' COMPENSATION INSUR RATING BUREAU OF CALIFORNIA, founded in 1915, is a mid-sized nonprofit that reported $44.1M in total revenue in fiscal year 2024.

Mission

COOPERATE WITH DETERMINING ADVISORY PURE PREMIUM RATES FOR WORKERS' COMP INSURANCE.

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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 $43,283,059

Investment Income $378,374

Other Revenue $450,047

TOTAL REVENUE $44,111,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,324,320

Fundraising Expenses $0

Other Expenses $10,777,500

TOTAL EXPENSES $43,101,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,111,480	$42,785,783	+0.0%
Expenses	$43,101,820	$42,269,848	+0.0%
Net Income	$1,009,660	$515,935	+1.0%

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

177

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

$3,761,728

Total Directors

Key Employees

$2,270,113

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM JAMES MUDGE	President/CEO	40.0	Officer	$1,439,289	$11,710	$1,450,999
SEAN COOPER	Executive Vice President - TER	40.0	Officer	$528,594	$29,610	$558,204
ANDREA COLEMAN	Executive Vice President/COO	40.0	Officer	$491,594	$42,095	$533,689
TONY MILANO	Vice President/ Actuary	40.0	Officer	$409,928	$35,472	$445,400
ERIC S RILEY	Senior Vice President/CIO	40.0	Officer	$358,955	$41,284	$400,239
KRISTEN MARSH	Senior Vice President/CLO	40.0	Officer	$333,361	$39,836	$373,197
CHRISTOPHER WONG	Sr. Dir, IT Infrs Ops & Suppor	40.0	Key Emp	$292,590	$43,554	$336,144
LAURA CARSTENSEN	Vice President, Actuarial Rese	40.0	Key Emp	$308,099	$27,241	$335,340
XIAOGE ZHANG	VICE PRESIDENT, DATA ANALYTICS	40.0	Key Emp	$317,096	$17,939	$335,035
SANDRA Padilla	MANAGING DIRECTOR FINANCE	40.0	Key Emp	$254,138	$32,285	$286,423
Yamuna Desireddigari	Sr. Director, IT Applications	40.0	Highest	$244,990	$40,533	$285,523
Rajitha Lanka	Director, Enterprise Data Mgmn	40.0	Highest	$230,583	$40,147	$270,730
MARY CHAPMAN CORNING	Managing Counsel	40.0	Key Emp	$231,571	$34,974	$266,545
WENDY WAGGENER	Director/Enterprise Data Stewa	40.0	Highest	$230,100	$34,325	$264,425
PAUL BRINKLEY-ROGERS	Senior Applications Architect	40.0	Highest	$228,944	$35,036	$263,980
ALICIA SANDLIN	Managing Director, Cust Exp	40.0	Key Emp	$225,571	$22,617	$248,188
Shane Steele	Research Actuary	40.0	Highest	$235,162	$12,746	$247,908
PAUL KIM	Managing Director, CTA & C	40.0	Key Emp	$227,347	$19,331	$246,678
Anna Hermanson Hartwing	Director, Human Resources	40.0	Key Emp	$172,708	$43,052	$215,760
DESIGNEE OF Federal Ins Company	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF Travelers Property	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
Designee of preferred employers ins	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF EVEREST NATIONAL INS	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF STATE COMPENSATION INS	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF ZENITH INS CO	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF HARTFORD ACC ind	GOVERNING COMMITTEE MEMBER	0.0	Director	$0	$0	$0
DESIGNEE OF PACIFIC COMP INS CO	GOVERNING COMMITTEE MEMBER	0.0	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	$44,111,480	$43,101,820	$28,761,830	$1,009,660
2023	$42,785,783	$42,269,848	$22,385,078	$515,935
2022	$40,182,342	$41,427,112	$19,613,594	$-1,244,770
2021	$38,288,745	$43,633,290	$18,471,991	$-5,344,545
2020	$38,897,578	$41,448,740	$25,144,549	$-2,551,162
2019	$40,298,368	$42,819,233	$27,139,079	$-2,520,865
2018	$41,033,279	$41,042,700	$29,073,643	$-9,421

WORKERS' COMPENSATION INSUR RATING BUREAU OF CALIFORNIA