NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCATION NFP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCATION NFP (EIN 26-2812823)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-12
- IRS object ID
- 202402259349301050
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-12T08:16:29-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 PEACHTREE ST NE STE 2000 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30308 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262812823 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL WORKERS COMPENSATION | BusinessNameLine1Txt |
| Business Name Line2 | REINSURANCE ASSOCIATION NFP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 3124431823 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 S WACKER DRIVE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606064410 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN MELAS | PersonNm |
| Person Title | BOARD CHAIR | PersonTitleTxt |
| Phone | 3124431823 | PhoneNum |
| Signature | 2024-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WHITNEY B HEBRON | PreparerPersonNm |
| PTIN | P01226647 | PTIN |
| Phone | 4042223000 | PhoneNum |
| Preparation | 2024-08-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN MELAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 S WACKER DRIVE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606064410 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,919,182 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | NWCRA IS OPERATED TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTEREST AND IMPROVE BUSINESS CONDITIONS AMONG WORKERS' COMPENSATION INSURANCE COMPANIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,525,142 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,878,968 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $40,214 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $5,525,142 | PYTotalRevenueAmt |
| CY Total Revenue | $5,919,182 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,525,142 | PYOtherExpensesAmt |
| CY Other Expenses | $5,919,182 | CYOtherExpensesAmt |
| PY Total Expenses | $5,525,142 | PYTotalExpensesAmt |
| CY Total Expenses | $5,919,182 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,330,032 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,162,749 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,330,032 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,162,749 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $0 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NATIONAL WORKERS COMPENSATION REINSURANCE ASSOCIATION NFP (THE ASSOCIATION) WAS ORGANIZED AND IS OPERATED TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS AND IMPROVE BUSINESS CONDITIONS AMONG WORKERS COMPENSATION INSURANCE COMPANIES. THE ASSOCIATION ASSISTS WORKERS COMPENSATION INSURANCE COMPANIES TO COMPLY WITH THE STATE PLANS AND FACILITATES THE STATUTORY OBLIGATION TO PARTICIPATE IN THE INVOLUNTARY MARKET. THE ASSOCIATION OVERSEES THE ADMINISTRATION AND MONITORS COMPLIANCE OF THE QUOTA SHARE REINSURANCE ARRANGEMENT WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT IS IN COMPLIANCE WITH THE STATE REQUIREMENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THE ASSOCIATION OVERSEES THE ADMINISTRATION AND MONITORS COMPLIANCE OF THE QUOTA SHARE REINSURANCE ARRANGEMENTS WITH THE STATE PLANS AND THE INVOLUNTARY MARKET LAWS OF THOSE STATES THAT HAVE DETERMINED THE QUOTA SHARE REINSURANCE ARRANGEMENT IS IN COMPLIANCE WITH THE STATE PLANS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCCI AS ADMINISTRATOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5618933413 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 PENINSULA CORPORATE CIRCLE | AddressLine1Txt |
| City | BOCA RATON | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33487 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| GERALD CHIDDICK | |||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARISUE NEWMAN | |||||||
| CHAIR UNTIL JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| EDWARD HANLON | |||||||
| VICE CHAIR/CHAIR BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRIAN MELAS | |||||||
| SECRETARY/VICE CHAIR BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHAEL HAPPE | |||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT DE VIERE | |||||||
| DIRECTOR THRU JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY FEE | |||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GERALD HEARE | |||||||
| DIRECTOR THRU JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAWN LEMKE | |||||||
| DIRECTOR THRU DEC 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KAREN SCHWARTZ | |||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH WELLS | |||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GREGORY KUSHNIR | |||||||
| BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JASON JACQUES | |||||||
| DIRECTOR/SECRETARY BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JEFFREY COLE | |||||||
| DIRECTOR BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARY LYNN NEWMAN | |||||||
| DIRECTOR BEG JUNE 2023 | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NCCI | |||||
| 901 PENINSULA CORPORATE CIRCLE | BOCA RATON | FL | 33487 | FIN/GEN ADMIN SVCS | $5,220,375 |
| LOCKE LORD | |||||
| 111 S WACKER DRIVE | CHICAGO | IL | 60606 | LEGAL SERVICES | $207,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $5,878,968 | MembershipDuesAmt |
| Total Contributions | $5,878,968 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,214 | TotalRevenueColumnAmt |
| Exclusion | $40,214 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,919,182 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $40,214 | ExclusionAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,220,375 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,050 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,500 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,449 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $418,229 | TotalAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BANK FEES | Desc |
| Total | $6,579 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,919,182 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,288,639 | BOYAmt |
| EOY | $1,157,967 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,393 | BOYAmt |
| EOY | $4,782 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,032 | BOYAmt |
| EOY | $1,162,749 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,032 | BOYAmt |
| EOY | $1,162,749 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,032 | BOYAmt |
| EOY | $1,162,749 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,032 | BOYAmt |
| EOY | $1,162,749 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | Yes (1) | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (1) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,919,182 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,919,182 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,919,182 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,919,182 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,919,182 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,919,182 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A RETURN AND RECOGNIZES A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2018. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ANY COMPANY LICENSED TO WRITE WORKERS' COMPENSATION INSURANCE IN ANY STATE THAT HAS AN APPROVED AUTHORIZED INSURANCE PLAN MAY BECOME A MEMBER. ANY STATE WORKERS' COMPENSATION INSURANCE FUND ESTABLISHED BY LAW ALSO MAY BECOME A MEMBER. THE BOARD OF DIRECTORS MAY PERMIT PARTICIPATION AT ITS SOLE DISCRETION TO ANY GROUP, ORGANIZATION, ASSOCIATION OR OTHER ENTITY IT DEEMS APPROPRIATE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS IS COMPRISED OF TWELVE (12) INDIVIDUALS, NONE OF WHOM ARE EMPLOYEES OR REPRESENTATIVES OF THE SAME MEMBER. ONLY INDIVIDUALS WHO ARE EMPLOYEES OR REPRESENTATIVES OF MEMBERS SHALL BE ELIGIBLE FOR ELECTION AS DIRECTORS. THE BOARD SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS. BOARD ELECTIONS SHALL BE MADE FOR STAGGERED TERMS, WITH SUCH TERMS EFFECTIVE IMMEDIATELY UPON ADJOURNMENT OF THE ANNUAL MEETING OF THE MEMBERS. FOUR (4) INDIVIDUALS SHALL BE ELECTED ANNUALLY FOR A TERM OF THREE (3) YEARS. NO INDIVIDUAL SERVING ON THE BOARD FOR A FULL TERM SHALL SUCCEED HIMSELF OR HERSELF, EXCEPT WHERE A SUFFICIENT NUMBER OF NON-SUCCEEDING INDIVIDUALS CANNOT BE INDUCED TO SERVE ON THE BOARD. NO MORE THAN FIVE (5) OF THE TWELVE (12) BOARD MEMBERS SHALL BE EMPLOYEES OR REPRESENTATIVES OF MEMBERS THAT ARE SERVICING CARRIERS. TO FACILITATE VOTING FOR MEMBERS OF THE BOARD OF DIRECTORS AT ANNUAL MEETINGS, AT LEAST SIXTY (60) DAYS PRIOR TO EACH ANNUAL MEETING THE BOARD SHALL APPOINT A NOMINATING COMMITTEE CONSISTING OF FOUR (4) MEMBERS. THE NOMINATING COMMITTEE SHALL MAKE NOMINATIONS FOR THE TERMS THAT ARE EXPIRING AT THE NEXT ANNUAL MEETING. THE NOMINATING COMMITTEE RECOMMENDATIONS SHALL BE REPORTED TO ALL MEMBERS AT LEAST ONE (1) WEEK PRIOR TO THE ANNUAL MEETING. ANY MEMBER CAN MAKE ADDITIONAL NOMINATIONS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS MAY CONSIDER AND ACT UPON ALL MATTERS BROUGHT BEFORE THEM EXCEPT WHERE OTHERWISE PROVIDED IN THE BYLAWS. EXCEPT WHERE OTHERWISE PROVIDED IN THE NWCRA'S BYLAWS, AT ALL MEETINGS ACTION MAY BE TAKEN ONLY UPON AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS THAT WRITE NOT LESS THAN 50.1% OF THE TOTAL NET WORKERS COMPENSATION PREMIUMS WRITTEN BY ALL MEMBERS DURING THE LATEST CALENDAR YEAR FOR WHICH INFORMATION IS AVAILABLE IN ALL STATES WHERE THE BYLAWS ARE OPERATIVE. IF SUCH MEETING IS LIMITED TO MATTERS INVOLVING ONE STATE BY THE TERMS OF THE NOTICE OF MEETING, NO ACTION MAY BE TAKEN UNLESS THERE HAS BEEN AN AFFIRMATIVE VOTE OF MEMBERS THAT WRITE NOT LESS THAN 50.1% OF THE TOTAL NET WORKERS COMPENSATION PREMIUMS WRITTEN BY ALL MEMBERS PROVIDING REINSURANCE IN SUCH STATE DURING THE LATEST CALENDAR YEAR FOR WHICH INFORMATION IS AVAILABLE IN SUCH STATE. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY THE FIRM ENGAGED TO PREPARE ITS ANNUAL AUDITED FINANCIAL STATEMENTS. THE FIRM WORKING IN CONJUNCTION WITH THE NWCRA'S ADMINISTRATOR AND LEGAL COUNSEL PREPARE AND REVIEW ALL RELATED TAX DOCUMENTS PRIOR TO THE CHAIR'S REVIEW AND APPROVAL FOR FILING. ALTHOUGH THE FULL BOARD DID NOT REVIEW THE 2023 TAX RETURN PRIOR TO ITS FILING WITH THE IRS, THE VOTING MEMBERS WILL GET A COMPLETE COPY OF THE FILING AT THE NEXT PHYSICAL MEETING SCHEDULED FOR SEPTEMBER 2024. |
| FORM 990, PART VI, SECTION B, LINE 12C | NCCI AS ADMINISTRATOR ANNUALLY DISTRIBUTES TO EACH BOARD MEMBER A COPY OF THE BOARD'S CODE OF BUSINESS CONDUCT AND ETHICS STATEMENT. EACH BOARD MEMBER IS REQUIRED TO SIGN THE CODE OF BUSINESS CONDUCT AND ETHICS ACKNOWLEDGEMENT FORM AND RETURN IT TO THE ADMINISTRATOR. IN JUNE OF EACH YEAR, BOARD COUNSEL ADVISES NEW BOARD MEMBERS OF THEIR OBLIGATIONS UNDER THE BOARD'S CODE OF BUSINESS CONDUCT AND ETHICS STATEMENT. BOARD MEMBERS THAT HAVE AN INTEREST IN A MATTER BEING REVIEWED BY THE BOARD ARE REQUIRED TO DISCLOSE THE NATURE AND EXTENT OF THE INTEREST. ONLY AFTER SUCH DISCLOSURE MAY THE INTERESTED BOARD MEMBER PARTICIPATE IN DISCUSSION OF THE MATTER. BUT THE INTERESTED BOARD MEMBER CANNOT VOTE ON THE MATTER. THE BOARD MAY GO INTO EXECUTIVE SESSION AND REQUEST THE INTERESTED BOARD MEMBER TO EXCUSE HIMSELF/HERSELF FROM THE DISCUSSION. |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICERS AND BOARD MEMBERS ARE NOT COMPENSATED. TRAVEL AND RELATED EXPENSES OF BOARD MEMBERS ARE REIMBURSED PURSUANT TO A POLICY ADOPTED BY THE BOARD. AS AN ADMINISTRATOR, NCCI'S FEE IS NEGOTIATED AS PART OF THE ADMINISTRATION AGREEMENT ENTERED INTO WITH NCCI. |
| FORM 990, PART VI, SECTION C, LINE 19 | MEMBERS THAT WANT TO REVIEW THE GOVERNING DOCUMENTS, CODE OF BUSINESS CONDUCT AND ETHICS AND FINANCIAL STATEMENTS CAN OBTAIN THEM BY CONTACTING THE NCCI AS ADMINISTRATOR. |