Overview
What is Workers' Compensation Insur Rating Bureau Of California?
The Workers' Compensation Insur Rating Bureau of California is a nonprofit organization based in Oakland, California, with a workforce of 208 individuals. Their primary mission is to collaborate with the Insurance Commissioner of California to establish advisory pure premium rates for Workers' Compensation Insurance. This nonprofit organization plays a crucial role in promoting public welfare by working closely with the state's Insurance Commissioner to determine fair insurance rates that benefit both employers and employees.
Official website here: www.wcirb.com
Is Workers' Compensation Insur Rating Bureau Of California legitimate?
Workers' Compensation Insur Rating Bureau Of California is a legitimate nonprofit organization registered as a 501(c)(6) entity. Workers' Compensation Insur Rating Bureau Of California 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: $5,484,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,324,080
For more financial information, click here
Official website here: www.wcirb.com
What is the mission statement of Workers' Compensation Insur Rating Bureau Of California?
The Workers' Compensation Insur Rating Bureau of California aims to promote public welfare by collaborating with the Insurance Commissioner of the state to establish advisory pure premium rates for workers' compensation insurance. The Bureau's mission is centered around ensuring fair and reasonable insurance rates for employers, ultimately safeguarding the well-being of the workforce and facilitating a healthy business environment. By working closely with the Insurance Commissioner, the Bureau plays a crucial role in maintaining the stability and affordability of workers' compensation insurance in California.
Official website here: www.wcirb.com
Who is the CEO of Workers' Compensation Insur Rating Bureau Of California?
William James Mudge is the President/Ceo of Workers' Compensation Insur Rating Bureau Of California. The CEO's salary of Workers' Compensation Insur Rating Bureau Of California is $800,503 and their total compensation is $1,157,090.
Official website here: www.wcirb.com
What is the revenue of Workers' Compensation Insur Rating Bureau Of California?
Workers' Compensation Insur Rating Bureau Of California's revenue in 2022 was $40,182,342.
Official website here: www.wcirb.com
Who are the executives of Workers' Compensation Insur Rating Bureau Of California and what are their salaries?
The average compensation at Workers' Compensation Insur Rating Bureau Of California during 2022 was $109,656. There are 208 employees at Workers' Compensation Insur Rating Bureau Of California.
Here are 28 key members and their salaries (Workers' Compensation Insur Rating Bureau Of California's CEO's salary is $800,503 and their total compensation is $1,157,090):
- Compensation: $800,503
- Related: $0
- Other: $356,587
- Compensation: $506,615
- Related: $0
- Other: $50,115
- Compensation: $349,322
- Related: $0
- Other: $35,217
- Compensation: $207,692
- Related: $0
- Other: $168,693
- Compensation: $332,151
- Related: $0
- Other: $38,319
- Compensation: $298,412
- Related: $0
- Other: $34,741
- Compensation: $286,590
- Related: $0
- Other: $34,147
- Compensation: $286,737
- Related: $0
- Other: $24,162
- Compensation: $287,014
- Related: $0
- Other: $16,091
- Compensation: $251,367
- Related: $0
- Other: $36,677
- Compensation: $239,497
- Related: $0
- Other: $34,745
- Compensation: $232,659
- Related: $0
- Other: $35,595
- Compensation: $212,682
- Related: $0
- Other: $33,356
- Compensation: $213,663
- Related: $0
- Other: $30,203
- Compensation: $210,291
- Related: $0
- Other: $29,981
- Compensation: $195,837
- Related: $0
- Other: $21,823
- Compensation: $201,516
- Related: $0
- Other: $11,135
- Compensation: $201,190
- Related: $0
- Other: $10,959
- Compensation: $190,865
- Related: $0
- Other: $1,435
- Compensation: $147,164
- Related: $0
- Other: $11,580
- 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.wcirb.com
Where can I find the form 990 for Workers' Compensation Insur Rating Bureau Of California?
Workers' Compensation Insur Rating Bureau Of California's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcirb.com
Learn more at the official website: www.wcirb.com
Mission Statement of Workers' Compensation Insur Rating Bureau Of California
The Workers' Compensation Insur Rating Bureau of California is a vital organization with a mission to promote public welfare and cooperate with the Insurance Commissioner of the state in determining advisory pure premium rates for workers' compensation insurance. Established to serve this important purpose, the Bureau's primary goal is to ensure fair and reasonable insurance rates for workers' compensation coverage. By working closely with the Insurance Commissioner, the Bureau contributes to the overall economic health and stability of California's workforce and businesses.
In carrying out its mission, the Workers' Compensation Insur Rating Bureau of California plays a crucial role in facilitating open communication and collaboration between various stakeholders in the workers' compensation insurance industry. The organization gathers data, analyzes trends, and provides valuable insights and recommendations to the Insurance Commissioner. Through its expertise and extensive knowledge of the workers' compensation insurance market, the Bureau helps to establish and maintain a balanced and sustainable pricing structure for insurance rates. This, in turn, enables employers to provide essential workers' compensation coverage for their employees while keeping premium costs affordable.
By promoting the public welfare and advising on workers' compensation insurance premium rates, the Workers' Compensation Insur Rating Bureau of California plays a vital role in protecting the economic well-being of California's workers, employers, and the insurance industry as a whole. The organization's commitment to fairness, transparency, and collaboration ensures a thriving workers' compensation insurance market that benefits all parties involved.
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Impact
October, 2024
The Workers' Compensation Insurance Rating Bureau of California plays a crucial role in the landscape of workers' compensation insurance in the state. By cooperating with the Insurance Commissioner, it works to determine advisory pure premium rates, which are essential for establishing fair pricing for employers. This ensures that businesses have access to appropriate workers' compensation coverage at reasonable rates, promoting financial stability and compliance within the workforce.
The bureau's activities foster public welfare by not only ensuring that employers can afford coverage but also that employees receive the benefits they need in case of workplace injuries. The establishment of these rates helps to maintain a balance between protecting workers and promoting a healthy economic environment for businesses. In summary, the bureau's impact is significant in shaping the financial and regulatory framework of workers' compensation insurance, thereby benefiting both employers and employees in California.
This information is meant to be a general summary of Workers' Compensation Insur Rating Bureau Of California. 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: -$47,506
- Program Service Revenue: $39,844,971
- Gross Receipts: $40,229,848
Assets and Liabilities:
- Total Assets: $19,613,594
- Total Liabilities: $19,894,286
- Net Assets: -$280,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS & MEMBERSHIP DUES
Revenue
$36,531,108
FINES
Revenue
$2,009,875
COVERAGE RECORDS
Revenue
$557,194
PREMIUM WEB SERVICES
Revenue
$412,000
NON WCPOLS POLICY PROCESSING
Revenue
$108,250
Organization Details
Founding Year
1915
Phone
(415) 777-0777Principal Officer
William James Mudge
Main Address
1901 HARRISON STREET 17TH FLOOR, OAKLAND, CA, 94612
Website
www.wcirb.comNTEE Category
Code: S40 - Community improvement
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