Nonprofits United Workers Compensation Group Inc

Organization Overview

Nonprofits United Workers Compensation Group Inc is located in Sacramento, CA. The organization was established in 2006. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofits United Workers Compensation Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Nonprofits United Workers Compensation Group Inc generated $21.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $18.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

NON-PROFITS UNITED WORKERS' COMPENSATION GROUP'S PURPOSE IS TO HELP NON-PROFITS WORK TOGETHER TO PREVENT ACCIDENTS AND INJURIES, CONTROL LOSSES, AND LOWER INSURANCE COSTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF WORKERS COMPENSATION INSURANCE COVERAGE AND LOW-COST RISK SHARING BY POOLING OF THE MEMBERS TO PAY LOSSES AND PURCHASE CATASTROPHIC INSURANCE COVERAGE. SET UP GUIDELINES FOR RISK MANAGEMENT PROGRAM TO HELP MEMBERS MITIGATE EXPOSURE AND ESTABLISH SAFER WORKING ENVIRONMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sedgwick
Safety Consulting
$222,248
Sedgwick
Claims Administration
$1,333,509
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$18,315,009
Investment income $1,820,204
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,428,074
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,563,287

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