WORKERS COMPENSATION SECURITY FUND is a nonprofit organization categorized as Public Charity based in BASKING RIDGE, NJ. Its most recent IRS filing (2024) reports revenue of $38.8M, expenses of $26.5M, total assets of $255.6M.
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.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $38.8M | $26.5M | $255.6M |
| 2023 | $33.5M | $26.3M | $243.3M |
| 2022 | $33.9M | $27.5M | $236.1M |
| 2020 | $35.0M | $33.4M | $230.9M |
| 2019 | $58.8M | $36.7M | $229.1M |
Between 2019 and 2024, reported annual revenue declined from $58.8M to $38.8M (-34%), with total assets most recently reported at $255.6M.
Interactive year-over-year charts and full filing details available with membership.
