Overview
What is Delaware Compensation Rating Bureau Inc?
Delaware Compensation Rating Bureau Inc, established in 1917, is a nonprofit organization operating independently of Delaware's government, as per its insurance regulations. Its primary role is to regulate and establish the workers' compensation insurance rating values and classification system employed by insurers, agents, and employers within Delaware. This mission aims to ensure fairness and consistency in the workers' compensation insurance market within the state.
Official website here: www.dcrb.com
Is Delaware Compensation Rating Bureau Inc legitimate?
Delaware Compensation Rating Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Delaware Compensation Rating Bureau Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dcrb.com
What is the mission statement of Delaware Compensation Rating Bureau Inc?
The Delaware Compensation Rating Bureau Inc., established in 1917, serves as the licensed organization responsible for setting and determining the workers' compensation insurance rating values and classification system in Delaware. This non-profit entity operates independently of state government, functioning as a bridge between insurers, agents, and employers in the state. Its primary role is to establish and maintain a consistent and fair system for workers' compensation insurance pricing, ensuring that it aligns with the insurance laws of Delaware.
Official website here: www.dcrb.com
Who is the CEO of Delaware Compensation Rating Bureau Inc?
John Zimitski is the Vp - Actuari of Delaware Compensation Rating Bureau Inc.
Official website here: www.dcrb.com
What is the revenue of Delaware Compensation Rating Bureau Inc?
Delaware Compensation Rating Bureau Inc's revenue in 2022 was $4,160,717.
Official website here: www.dcrb.com
Who are the executives of Delaware Compensation Rating Bureau Inc and what are their salaries?
Here are 21 key members and their salaries:
- Compensation: $0
- Related: $391,461
- Other: $27,763
- Compensation: $0
- Related: $174,144
- Other: $206,451
- Compensation: $0
- Related: $306,083
- Other: $22,329
- Compensation: $0
- Related: $231,036
- Other: $66,219
- Compensation: $0
- Related: $205,634
- Other: $71,840
- Compensation: $0
- Related: $231,126
- Other: $28,813
- Compensation: $0
- Related: $190,079
- Other: $19,024
- Compensation: $0
- Related: $166,143
- Other: $28,820
- Compensation: $0
- Related: $168,863
- Other: $11,198
- Compensation: $0
- Related: $151,620
- Other: $17,835
- Compensation: $0
- Related: $158,802
- Other: $7,522
- Compensation: $0
- Related: $118,880
- Other: $27,645
- Compensation: $0
- Related: $79,022
- Other: $5,647
- Compensation: $0
- Related: $62,084
- 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.dcrb.com
Where can I find the form 990 for Delaware Compensation Rating Bureau Inc?
Delaware Compensation Rating Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dcrb.com
Learn more at the official website: www.dcrb.com
Mission Statement of Delaware Compensation Rating Bureau Inc
Delaware Compensation Rating Bureau Inc, established in 1917, serves as the licensed rating organization in Delaware, responsible for setting and determining the workers' compensation insurance rating values and classification system used by insurers, agents, and employers within the state. This non-profit corporation, independent of the state government, plays a crucial role in regulating the workers' compensation insurance market in Delaware. Its primary mission is to ensure a fair and consistent pricing structure for employers, thereby promoting the overall health and stability of the workers' compensation system in the state.
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Impact
October, 2024
Delaware Compensation Rating Bureau Inc (DCRB) plays a crucial role in the workers' compensation landscape in Delaware. As the licensed rating organization, it is responsible for the development and determination of workers' compensation insurance rating values and classification systems. This ensures that employers, insurers, and agents have a standardized approach to assessing risks and determining premiums.
By establishing effective rating values, DCRB contributes to the stability and predictability of the workers' compensation insurance market in the state. This is vital for employers, as it helps them understand their insurance costs and enables them to budget accordingly. Additionally, DCRB's work ensures that injured workers receive fair compensation, which supports community welfare and economic stability.
Furthermore, the DCRB's classification system provides a systematic way to categorize different types of work, helping to tailor the insurance framework to the specific risks associated with various industries. This targeted approach not only fosters safer work environments but also incentivizes businesses to adopt best practices in workplace safety, ultimately benefiting the broader community.
In short, DCRB's impact extends beyond mere compliance; it fosters a fair and efficient workers' compensation system that benefits employers, employees, and the overall economy in Delaware.
This information is meant to be a general summary of Delaware Compensation Rating Bureau Inc. 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: $2
- Gross Receipts: $4,160,717
Assets and Liabilities:
- Total Assets: $869,584
- Total Liabilities: $829,684
- Net Assets: $39,900
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Organization Details
Founding Year
1917
Phone
(215) 320-4414Principal Officer
John Zimitski
Main Address
30 S 17TH STREET, PHILADELPHIA, PA, 19103
Website
www.dcrb.comNTEE Category
Code: S40 - Community improvement
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