Overview
What is Wisconsin Compensation Rating Bureau?
The Wisconsin Compensation Rating Bureau is a vital organization based in Waukesha, Wisconsin, dedicated to managing and enhancing the state's worker's compensation system. Their primary role involves rating insurance risks associated with workers' compensation, ensuring an equitable, professional, and responsive approach when dealing with all participants in the system. This includes classifications, rates, rating plans, and forms. The bureau's mission is to administer and improve the functioning of the workers' compensation system in Wisconsin, thereby contributing to a safer and more secure work environment for the state's workers.
Official website here: www.wcrb.org
Is Wisconsin Compensation Rating Bureau legitimate?
Wisconsin Compensation Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wisconsin 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: $1,282,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,344,906
For more financial information, click here
Official website here: www.wcrb.org
What is the mission statement of Wisconsin Compensation Rating Bureau?
The Wisconsin Compensation Rating Bureau's mission is to manage and improve Wisconsin's worker's compensation classification, rate, rating plan, and form system in a fair, expert, and prompt manner. The bureau carries out its duties with all participants in the system, ensuring an equitable approach. Its primary role involves assessing the risk associated with workers' compensation insurance.
Official website here: www.wcrb.org
Who is the CEO of Wisconsin Compensation Rating Bureau?
Laura Vande Hey is the Employer Representative of Wisconsin Compensation Rating Bureau.
Official website here: www.wcrb.org
What is the revenue of Wisconsin Compensation Rating Bureau?
Wisconsin Compensation Rating Bureau's revenue in 2022 was $10,855,383.
Official website here: www.wcrb.org
Who are the executives of Wisconsin Compensation Rating Bureau and what are their salaries?
The average compensation at Wisconsin Compensation Rating Bureau during 2022 was $77,171. There are 47 employees and 12 volunteers at Wisconsin Compensation Rating Bureau.
Here are 21 key members and their salaries:
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- Compensation: $102,607
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- Other: $18,756
- Compensation: $120,621
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- Other: $31,777
Official website here: www.wcrb.org
Where can I find the form 990 for Wisconsin Compensation Rating Bureau?
Wisconsin Compensation Rating Bureau's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcrb.org
Learn more at the official website: www.wcrb.org
Mission Statement of Wisconsin Compensation Rating Bureau
The Wisconsin Compensation Rating Bureau, abbreviated as WCRB, is dedicated to managing and enhancing Wisconsin's worker's compensation system. Their mission involves administering the classifications, rates, rating plans, and forms associated with worker's compensation insurance risks. The bureau carries out its duties in a fair, proficient, and responsible manner, ensuring that all participants in the system are treated equitably. The primary objective of the WCRB is to rate the risks associated with workers' compensation insurance, thereby contributing to the overall stability and effectiveness of the system.
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Impact
October, 2024
The Wisconsin Compensation Rating Bureau (WCRB) plays a crucial role in administering and enhancing the state's workers' compensation system. By establishing classifications, rates, rating plans, and forms, the WCRB ensures that the system operates fairly and effectively for all participants. This oversight helps companies accurately assess their workers' compensation insurance risks, which ultimately impacts their insurance costs and overall business operations.
By promoting equitable rating practices, the WCRB contributes to a more stable workers' compensation market, encouraging businesses to comply with regulations while protecting workers' rights. In doing so, it fosters a safer work environment and supports community improvement by ensuring that injured workers receive appropriate benefits and care. The WCRB's commitment to professionalism and responsiveness is vital in maintaining the trust and cooperation needed among employers, insurers, and employees in Wisconsin.
This information is meant to be a general summary of Wisconsin 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 2022.
- Investment Income: $5,896
- Program Service Revenue: $10,837,730
- Gross Receipts: $12,831,852
Assets and Liabilities:
- Total Assets: $9,375,619
- Total Liabilities: $5,669,392
- Net Assets: $3,706,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$8,932,145
UNIT STATISTICAL CARDS
Revenue
$888,850
NOTICE TO CARRIERS
Revenue
$638,400
REPORT SERVICES
Revenue
$270,920
WAIP MISC
Revenue
$59,065
Organization Details
Founding Year
1917
Phone
(262) 796-4540Principal Officer
Laura Vande Hey
Main Address
20700 SWENSON DRIVE 100, WAUKESHA, WI, 53186
Website
www.wcrb.orgNTEE Category
Code: S40 - Community improvement
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