Overview
What is Workers Compensation Research Institute?
Workers Compensation Research Institute is a notable nonprofit organization situated in Cambridge, Massachusetts. Established with the purpose of gathering, analyzing, and disseminating reliable information, it aims to support legislators, administrators, task forces, and industry groups interested in improving workers' compensation systems. Its primary mission is to act as a catalyst for significant enhancements in these systems, providing objective, credible, and high-quality research on critical public policy issues. The institute conducts independent research and objective studies, utilizing its findings to offer insights and guidance for enhancing workers' compensation policies. With a dedicated team of 29 employees, it is committed to contributing to the betterment of workers' compensation systems across various sectors.
Official website here: www.wcrinet.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)**
The Workers Compensation Research Institute holds a strong Four-Star rating from Charity Navigator, with a notable score of 92% in Accountability & Finance. This score reflects the organization’s commitment to transparency and sound financial management, highlighted by its independent board consisting entirely of 8 members. The organization demonstrates robust fiscal responsibility with a low liabilities-to-assets ratio and a significant percentage of expenses directed towards programs.
Among its strengths, the Institute has established a conflict of interest policy and ensures document retention and transparency through publicly posted meeting minutes and financial documents. However, it lacks a whistleblower policy, which slightly impacts its overall accountability score. The organization’s approach to governance shows a solid dedication to maintaining integrity in its operations.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Workers Compensation Research Institute legitimate?
Workers Compensation Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Workers Compensation Research Institute 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: $1,236,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,398,088
For more financial information, click here
Official website here: www.wcrinet.org
What is the mission statement of Workers Compensation Research Institute?
The Workers Compensation Research Institute's primary mission is to serve as a catalyst for significant improvements in workers' compensation systems. It achieves this by conducting objective, credible, and high-quality research on crucial public policy issues. The institute gathers, analyzes, and disseminates reliable information to legislators, administrators, task forces, and industry groups with the aim of enhancing workers' compensation systems. Its primary exempt purpose is to perform independent research and provide objective studies and analyses, offering credible and valuable insights to shape public policy related to workers' compensation.
Official website here: www.wcrinet.org
Who is the CEO of Workers Compensation Research Institute?
John Ruser is the CEO of Workers Compensation Research Institute The CEO's salary of Workers Compensation Research Institute is $355,498 and their total compensation is $391,436.
Official website here: www.wcrinet.org
What is the revenue of Workers Compensation Research Institute?
Workers Compensation Research Institute's revenue in 2024 was $7,852,607.
Official website here: www.wcrinet.org
Who are the executives of Workers Compensation Research Institute and what are their salaries?
The average compensation at Workers Compensation Research Institute during 2024 was $140,435. There are 33 employees at Workers Compensation Research Institute.
Here are 26 key members and their salaries (Workers Compensation Research Institute's CEO's salary is $355,498 and their total compensation is $391,436):
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- Compensation: $444,670
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- Other: $82,424
- Compensation: $355,498
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- Compensation: $174,449
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- Other: $20,402
- Compensation: $176,684
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- Other: $58,937
- Compensation: $164,876
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- Other: $21,902
Official website here: www.wcrinet.org
Where can I find the form 990 for Workers Compensation Research Institute?
Workers Compensation Research Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wcrinet.org
Learn more at the official website: www.wcrinet.org
Mission Statement of Workers Compensation Research Institute
The Workers Compensation Research Institute, as its primary mission, aims to serve as a catalyst for significant enhancements in workers' compensation systems. It strives to provide the public with objective, credible, and high-quality research on crucial public policy issues. By gathering, analyzing, and disseminating reliable information, the Institute aims to support legislators, administrators, task forces, and industry groups interested in improving workers' compensation systems. The Institute's primary exempt purpose is to conduct independent research and analyses, contributing to the provision of objective and credible data to inform public policy decisions related to workers' compensation systems.
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Impact
October, 2024
Workers Compensation Research Institute plays a critical role in enhancing the effectiveness and efficiency of workers' compensation systems across the United States. By conducting independent research and objective studies, the Institute provides credible, high-quality data that informs public policy discussions and decisions.
The organization serves as a vital resource for legislators, administrators, task forces, and industry groups, offering reliable information that helps identify areas for improvement within the workers' compensation framework. This research catalyzes meaningful changes, ensuring that systems evolve to meet the needs of all stakeholders involved, including injured workers and employers.
Through its commitment to gathering and analyzing data related to workers' compensation, the Institute fosters transparency and accountability in the handling of claims and benefits. This ultimately contributes to a more equitable and efficient approach to worker protection, balancing the interests of employees and employers.
This information is meant to be a general summary of Workers Compensation Research Institute. 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 2024.
- Investment Income: $387,134
- Program Service Revenue: $7,458,265
- Gross Receipts: $9,398,875
Assets and Liabilities:
- Total Assets: $14,225,716
- Total Liabilities: $2,844,472
- Net Assets: $11,381,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$7,059,243
CONFERENCE REVENUES
Revenue
$247,820
CONTRACTS AND GRANTS
Revenue
$134,000
PUBLICATIONS SALES
Revenue
$17,202
Organization Details
Founding Year
1983
Principal Officer
Ramona Tanabe
Website
www.wcrinet.orgNTEE Category
Code: Y20E - Mutual benefit
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