Overview
What is Pennsylvania Compensation Rating Bureau?
The Pennsylvania Compensation Rating Bureau (PCRB) serves as the licensed organization in Pennsylvania for establishing and determining the workers compensation insurance rating values and the classification system utilized by insurers, agents, and employers in the commonwealth.
Official website here: www.pcrb.com
Is Pennsylvania Compensation Rating Bureau legitimate?
Pennsylvania Compensation Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pennsylvania Compensation Rating Bureau submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,538,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,427,507
For more financial information, click here
Official website here: www.pcrb.com
What is the mission statement of Pennsylvania Compensation Rating Bureau?
The Pennsylvania Compensation Rating Bureau acts as the licensed body for establishing and determining workers compensation insurance rating values and the classification system employed by insurers, agents, and employers within Pennsylvania. In essence, it plays a vital role in setting the guidelines for workers compensation insurance pricing and categorization within the state.
Official website here: www.pcrb.com
What is the revenue of Pennsylvania Compensation Rating Bureau?
Pennsylvania Compensation Rating Bureau's revenue in 2023 was $14,366,315.
Official website here: www.pcrb.com
Who are the executives of Pennsylvania Compensation Rating Bureau and what are their salaries?
The average compensation at Pennsylvania Compensation Rating Bureau during 2023 was $87,419. There are 114 employees at Pennsylvania Compensation Rating Bureau.
Here are 24 key members and their salaries:
- Compensation: $409,703
- Related: $0
- Other: $56,097
- Compensation: $340,905
- Related: $0
- Other: $17,354
- Compensation: $321,353
- Related: $0
- Other: $21,228
- Compensation: $260,016
- Related: $0
- Other: $34,355
- Compensation: $170,535
- Related: $0
- Other: $54,792
- Compensation: $202,167
- Related: $0
- Other: $18,834
- Compensation: $196,484
- Related: $0
- Other: $19,621
- Compensation: $176,066
- Related: $0
- Other: $31,289
- Compensation: $166,108
- Related: $0
- Other: $33,075
- Compensation: $168,244
- Related: $0
- Other: $11,474
- Compensation: $157,736
- Related: $0
- Other: $18,433
- Compensation: $157,084
- Related: $0
- Other: $15,523
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pcrb.com
Where can I find the form 990 for Pennsylvania Compensation Rating Bureau?
Pennsylvania Compensation Rating Bureau's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pcrb.com
Learn more at the official website: www.pcrb.com
Mission Statement of Pennsylvania Compensation Rating Bureau
The Pennsylvania Compensation Rating Bureau, or PCRB, serves as the authorized body for establishing and determining workers' compensation insurance rating values and classification systems in Pennsylvania. In this capacity, PCRB plays a vital role in facilitating the process for insurers, agents, and employers within the commonwealth.
PCRB's mission is twofold: first, it acts as the licensed rating organization responsible for promulgating and setting the workers' compensation insurance rating values in Pennsylvania. This means that the organization sets the standard rates for employers to pay for their workers' compensation insurance coverage. Second, it determines the classification system that insurers, agents, and employers utilize to assess the risk levels and corresponding premiums for different industries and job classifications. By performing these functions, PCRB ensures a fair and consistent workers' compensation insurance environment in Pennsylvania.
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Impact
October, 2024
The Pennsylvania Compensation Rating Bureau (PCRB) plays a crucial role in the state's workers' compensation insurance landscape. By establishing and maintaining the rating values and classification systems, the PCRB ensures that insurance costs are calculated fairly and accurately for insurers, agents, and employers across Pennsylvania. This standardized approach not only helps to regulate the market but also promotes stability within the workers' compensation system.
Through its activities, the PCRB contributes to the overall effectiveness and efficiency of workers' compensation coverage by providing vital data and insights. This supports employers in understanding their insurance premiums and encourages safety in the workplace by linking costs to the risk level associated with different job classifications. Ultimately, the PCRB's work aids in fostering a more equitable and effective workers' compensation system, benefiting both businesses and employees throughout the commonwealth.
This information is meant to be a general summary of Pennsylvania Compensation Rating Bureau. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $77,788
- Gross Receipts: $14,366,315
Assets and Liabilities:
- Total Assets: $19,093,164
- Total Liabilities: $12,007,983
- Net Assets: $7,085,181
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Organization Details
Founding Year
1915
Principal Officer
John Zimitski
Website
www.pcrb.comNTEE Category
Code: S40 - Community improvement
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