Nonprofit · EIN 27-2030868
WORKERS COMPENSATION SECURITY FUND
Tax-exempt · BASKING RIDGE, NJ 07920
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,797,654 | $26,453,818 | $12,343,836 | $255,648,805 | $341,051 | $255,307,754 |
| December 31, 2023 | 990 | $33,543,502 | $26,287,757 | $7,255,745 | $243,284,559 | $320,641 | $242,963,918 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $29,235,250
- Investment income
- $9,562,404
- Net gain from sales of assets
- $252,279
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $225,103
- Other salaries and wages
- $1,944,963
- Salaries, compensation and benefits (total)
- $2,810,070
- Professional fundraising fees
- $0
- Legal fees
- $59,404
- Accounting fees
- $50,360
- Occupancy
- $136,419
- Travel
- $11,461
- Depreciation
- $160,304
Balance sheet and other
- Total assets, start of year
- $243,284,559
- Total assets, end of year
- $255,648,805
- Total liabilities, end of year
- $341,051
- Net assets, end of year
- $255,307,754
- Publicly traded securities
- $249,951,355
- Gross receipts
- $317,031,240
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH DELLAFERA | CHIEF EXECUTIVE OFFICER Officer | 8 | $0 | $296,345 | $34,369 |
| LORI CONNORS | SPECIAL COUNSEL Former | 8 | $0 | $232,967 | $35,282 |
| RONALD CHESS | DIR. OF COMPLIANCE & IT Officer | 8 | $0 | $192,290 | $36,410 |
| MICHAEL ROMEO | DIRECTOR OF CLAIMS Officer | 8 | $0 | $182,392 | $28,293 |
| TRISH YOUNG | DIRECTOR OF OPERATIONS Officer | 8 | $0 | $181,319 | $15,348 |
| JASON PINTER | ASST DIR OF COMPLIANCE & IT Highest-paid employee | 8 | $0 | $153,861 | $39,042 |
| THOMAS ANTOLA | SOFTWARE DEVELOP. MANAGER Highest-paid employee | 8 | $0 | $159,240 | $30,110 |
| RENAN BESIDO | DEPUTY DIRECTOR OF CLAIMS Highest-paid employee | 8 | $0 | $157,080 | $31,459 |
| MONICA WILKES | DIRECTOR OF HUMAN RESOURCES Officer | 8 | $0 | $147,223 | $25,323 |
| KENNETH MOELLER | ASST GENERAL COUNSEL Highest-paid employee | 8 | $0 | $158,333 | $13,551 |
| NICHOLAS HAMM | DIRECTOR OF SIU Highest-paid employee | 8 | $0 | $159,266 | $12,527 |
| FRANK ROTELLA | DIRECTOR OF FINANCE Officer | 8 | $0 | $138,479 | $11,710 |
| WILLIAM KAHLE | SPECIAL PROJECTS COORDINATOR Former | 8 | $0 | $118,700 | $28,554 |
| CHRISTOPHER LOWE | GENERAL COUNSEL Officer | 8 | $0 | $39,694 | $3,346 |
| JESSICA SCHLEE-GILBERT | TRUSTEE - DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID RACZENBECK | TRUSTEE - DIRECTOR Trustee or director | 0 | $0 |
| ALLSTATE NEW JERSEY INSURANCE | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| LIBERTY MUTUAL INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| AIG PROPERTY CASUALTY COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| SELECTIVE INSURANCE CO OF AMER | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| STATE FARM INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| UNITED SERVICES AUTO ASSOC | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
| FEDERAL INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH DELLAFERA | CHIEF EXECUTIVE OFFICER Officer | 9 | $0 | $295,408 | $34,876 |
| LORI CONNORS | GENERAL COUNSEL Officer | 9 | $0 | $232,414 | $33,169 |
| RONALD CHESS | DIR. OF COMPLIANCE & IT Officer | 9 | $0 | $186,459 | $33,664 |
| MICHAEL ROMEO | DIRECTOR OF CLAIMS Officer | 9 | $0 | $176,850 | $28,871 |
| TRISH YOUNG | DIRECTOR OF OPERATIONS Officer | 9 | $0 | $175,773 | $14,895 |
| THOMAS ANTOLA | SOFTWARE DEVELOP. MANAGER Highest-paid employee | 9 | $0 | $155,066 | $31,638 |
| RENAN BESIDO | ASST DIRECTOR OF CLAIMS Highest-paid employee | 9 | $0 | $152,014 | $34,555 |
| JASON PINTER | ASST DIRECTOR OF COMPLIANCE & IT Highest-paid employee | 9 | $0 | $143,978 | $35,673 |
| WILLIAM KAHLE | FORMER DIRECTOR OF FINANCE Former | 9 | $0 | $147,915 | $30,550 |
| STEVEN LISNER | SR MED BILL REVIEW & CODE ANLST Highest-paid employee | 9 | $0 | $148,624 | $26,573 |
| NICHOLAS HAMM | DIRECTOR OF SUI Highest-paid employee | 9 | $0 | $153,816 | $12,942 |
| FRANK ROTELLA | DIRECTOR OF FINANCE Officer | 9 | $0 | $119,556 | $10,238 |
| JESSICA SCHLEE-GILBERT | TRUSTEE - DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| DAVID RACZENBECK | TRUSTEE - DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| ALLSTATE NEW JERSEY INSURANCE | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| LIBERTY MUTUAL INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| AIG PROPERTY CASUALTY COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| SELECTIVE INSURANCE CO OF AMER | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| STATE FARM INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| UNITED SERVICES AUTO ASSOC | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
| FEDERAL INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 233 MOUNT AIRY RD, BASKING RIDGE, NJ 07920-2338
- In care of
- % WILLIAM KAHLE III
- Principal officer (990 for 2024)
- FRANK ROTELLA, 233 MOUNT AIRY RD, BASKING RIDGE, NJ 07920
- Signed the 990
- FRANK ROTELLA, DIRECTOR OF FINANCE
- Phone
- (908) 382-7100
- Website
- WWW.NJGUARANTY.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE WCSF WAS ESTABLISHED BY THE NEW JERSEY LEGISLATURE IN 1935 TO PAYTHE CLAIMS OF INSOLVENT WORKERS' COMPENSATION INSURANCE CARRIERSARISING FROM THE COVERAGE OF RISKS LOCATED OR RESIDENT IN NEW JERSEY.CARRIERS AUTHORIZED TO TRANSACT THE BUSINESS OF WORKERS' COMPENSATIONINSURANCE IN NEW JERSEY CONTRIBUTE TO THE WCSF.
Program accomplishments
- THE WCSF WAS ESTABLISHED BY THE NEW JERSEY LEGISLATURE IN 1935 TO PAY THE CLAIMS OF INSOLVENT WORKERS' COMPENSATION INSURANCE CARRIERS ARISING FROM THE COVERAGE OF RISKS LOCATED OR RESIDENT IN NEW JERSEY. CARRIERS AUTHORIZED TO TRANSACT THE BUSINESS OF WORKERS' COMPENSATION INSURANCE IN NEW JERSEY CONTRIBUTE TO THE WCSF.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2030868
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $255,648,805
- Income (IRS master file)
- $317,031,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,797,654 | $26,453,818 | $255,648,805 | XML |
| 990 | December 2023 | $33,543,502 | $26,287,757 | $243,284,559 | XML |
| 990 | December 2022 | $33,850,495 | $27,511,130 | $236,085,862 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2030868).
Questions about WORKERS COMPENSATION SECURITY FUND
- What is the EIN of WORKERS COMPENSATION SECURITY FUND?
- The employer identification number (EIN) of WORKERS COMPENSATION SECURITY FUND is 27-2030868.
- Is WORKERS COMPENSATION SECURITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to WORKERS COMPENSATION SECURITY FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORKERS COMPENSATION SECURITY FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORKERS COMPENSATION SECURITY FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORKERS COMPENSATION SECURITY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORKERS COMPENSATION SECURITY FUND?
- The 990 for the year ended December 31, 2024 names FRANK ROTELLA.
- Who are the officers and directors of WORKERS COMPENSATION SECURITY FUND?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does WORKERS COMPENSATION SECURITY FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,797,654, expenses of $26,453,818 and total assets of $255,648,805 at year end.
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- DAIICHI SANKYO PAP FOUNDATION EIN 38-4003741 · last filed 990-PF for 2025
- BASKING RIDGE BUSINESS ALLIANCE EIN 46-5616640 · last filed 990-N for 2025
- WEW NJ A NJ NONPROFIT CORPORATION EIN 33-2384115 · last filed 990-N for 2025
- NEW JERSEY PROPERTY LIABILITY EIN 22-2559832 · last filed 990 for 2024
All nonprofits in BASKING RIDGE · New Jersey · Community improvement and capacity building