Pennsylvania Compensation Rating Bureau

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 230958260 ✦ Philadelphia, PA ✦ Designated as a 501(c)(6)

Overview

What is Pennsylvania Compensation Rating Bureau?

The Pennsylvania Compensation Rating Bureau (PCRB) serves as the licensed organization in Pennsylvania for establishing and determining the workers compensation insurance rating values and the classification system utilized by insurers, agents, and employers in the commonwealth.


Official website here: www.pcrb.com

Is Pennsylvania Compensation Rating Bureau legitimate?

Pennsylvania Compensation Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pennsylvania 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,441,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,979,246

For more financial information, click here


Official website here: www.pcrb.com

What is the mission statement of Pennsylvania Compensation Rating Bureau?

The Pennsylvania Compensation Rating Bureau acts as the licensed body for establishing and determining workers compensation insurance rating values and the classification system employed by insurers, agents, and employers within Pennsylvania. In essence, it plays a vital role in setting the guidelines for workers compensation insurance pricing and categorization within the state.


Official website here: www.pcrb.com

Who is the CEO of Pennsylvania Compensation Rating Bureau?

John Zimitski is the Vp Actuarial of Pennsylvania Compensation Rating Bureau.


Official website here: www.pcrb.com

What is the revenue of Pennsylvania Compensation Rating Bureau?

Pennsylvania Compensation Rating Bureau's revenue in 2022 was $13,545,302.


Official website here: www.pcrb.com

Who are the executives of Pennsylvania Compensation Rating Bureau and what are their salaries?

The average compensation at Pennsylvania Compensation Rating Bureau during 2022 was $79,836. There are 118 employees at Pennsylvania Compensation Rating Bureau.

Here are 26 key members and their salaries:

    Brent Otto (Vp Actuarial)
  • Compensation: $391,461
  • Related: $0
  • Other: $27,763

    • Andrey Lapchenko (Mgr - Networ)
  • Compensation: $174,144
  • Related: $0
  • Other: $206,451

    • William V Taylor (President)
  • Compensation: $306,083
  • Related: $0
  • Other: $22,329

    • Bonita Piacentino (Sr. Vice Pre)
  • Compensation: $231,036
  • Related: $0
  • Other: $66,219

    • Kenneth Creighton (Dir - Actuar)
  • Compensation: $205,634
  • Related: $0
  • Other: $71,840

    • Lisa Linder (Vp - It)
  • Compensation: $231,126
  • Related: $0
  • Other: $28,813

    • Alexander Pagan (Director Of)
  • Compensation: $190,079
  • Related: $0
  • Other: $19,024

    • Dawn Belfus (Vp Data Serv)
  • Compensation: $166,143
  • Related: $0
  • Other: $28,820

    • Rita Ann Lamb (Dir. Data Ma)
  • Compensation: $168,863
  • Related: $0
  • Other: $11,198

    • Michael Henkin (Director Of)
  • Compensation: $151,620
  • Related: $0
  • Other: $17,835

    • Thomas Cleary (Senior Vp &)
  • Compensation: $158,802
  • Related: $0
  • Other: $7,522

    • John Zimitski (Vp And Treas)
  • Compensation: $118,880
  • Related: $0
  • Other: $27,645

    • Delisa Fairley (Vp - Underwr)
  • Compensation: $79,022
  • Related: $0
  • Other: $5,647

    • John E Panczner (Vp And Treas)
  • Compensation: $62,084
  • Related: $0
  • Other: $0

    • American Home Assurance Company (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • National Federation Of Indep Bus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liberty Mutual Insurance Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zenith Insurance Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zurich Insurance Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • State Workers Insurance Fund (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eastern Alliance Insurance Group (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Xl Specialty Insurance Group (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pa Chamber Of Business Industry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Department Of Labor Industry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brickstreet Mutual Insurance (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Upmc (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pcrb.com

    Where can I find the form 990 for Pennsylvania Compensation Rating Bureau?

    The Pennsylvania Compensation Rating Bureau’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pcrb.com

    Learn more at the official website: www.pcrb.com

    Mission Statement of Pennsylvania Compensation Rating Bureau

    The Pennsylvania Compensation Rating Bureau, or PCRB, serves as the authorized body for establishing and determining workers' compensation insurance rating values and classification systems in Pennsylvania. In this capacity, PCRB plays a vital role in facilitating the process for insurers, agents, and employers within the commonwealth.

    PCRB's mission is twofold: first, it acts as the licensed rating organization responsible for promulgating and setting the workers' compensation insurance rating values in Pennsylvania. This means that the organization sets the standard rates for employers to pay for their workers' compensation insurance coverage. Second, it determines the classification system that insurers, agents, and employers utilize to assess the risk levels and corresponding premiums for different industries and job classifications. By performing these functions, PCRB ensures a fair and consistent workers' compensation insurance environment in Pennsylvania.

    Impact

    This information is meant to be a general summary of Pennsylvania Compensation Rating Bureau. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Pennsylvania Compensation Rating Bureau, as the licensed rating organization for workers' compensation insurance in Pennsylvania, plays a crucial role in determining the rating values and classification system used by insurers, agents, and employers in the state. This organization's impact is significant as it helps ensure fair and accurate pricing for workers' compensation insurance policies, which ultimately affects the cost and accessibility of coverage for businesses and workers in Pennsylvania. By providing this essential service, the Pennsylvania Compensation Rating Bureau contributes to the stability and efficiency of the state's workers' compensation insurance market.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,243
  • Program Service Revenue: $0
  • Gross Receipts: $13,551,366

    • Assets and Liabilities:
  • Total Assets: $19,093,164
  • Total Liabilities: $12,007,983
  • Net Assets: $7,085,181
  • Organization Details

    Founding Year

    1915

    Principal Officer

    John Zimitski

    Main Address

    30 S 17TH STREET, PHILADELPHIA, PA, 19103

    NTEE Category

    Code: S40 - Community improvement

    If you are a representative of Pennsylvania Compensation Rating Bureau and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.