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Filing year 2023

Portage Bay Insurance

Honolulu, Hawaii·EIN 01-0717030·NTEE Y990 · Mutual & Membership Benefit·501(c)(3)
Total revenue
$55.6M
Total assets
$187.4M
Total expenses
$51.9M
Reported officers
11
Mission

PORTAGE BAY INSURANCE PROVIDES PROFESSIONAL, GENERAL, EDUCATORS LEGAL (INCLUDING EMPLOYMENT PRACTICES), AND AUTOMOBILE LIABILITY INSURANCE COVERAGE TO THE UNIVERSITY OF WASHINGTON AND ITS AFFILIATES.

Executive compensation

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Director
Board Member
Median to 75th percentile
$43k
$48k
Director (thru 12/31/23)
Board Member
Median to 75th percentile
$34k
$38k
Vice-president/director(thru 12/31/23)
25th percentile to median
$19k
$21k
President/director
25th percentile to median
$17k
$19k
Director
Board Member
25th percentile to median
$14k
$16k
Director (beg 2/1/24)
Board Member
25th percentile to median
$14k
$15k
Director (beg 9/21/23)
Board Member
25th percentile to median
$14k
$15k
Director (beg 2/1/24)
Board Member
25th percentile to median
$14k
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Urban Hawaii metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Portage Bay Insurance equaled 0.1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2023)
0.1%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 45%
from 2022

From $78k in 2022 to $43k in 2023.

$78k
2022
$43k
2023
In today's dollarsEst.
Down 46% in real terms$90k to $48k

Estimated with Urban Hawaii metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 45% from 2022 to 2023, while revenue fell 11%.

$78k in 2022 to $43k in 2023.
  • Chief Executive Officer pay fell 62% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Portage Bay Insurance reported revenue and expenses across 2 filing years.

RevenueExpenses
$62.5M
$67.2M
2022
$55.6M
$51.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.

25th percentile
$5k
Median
$26,876
75th percentile
$87k
90th percentile
$209k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).

See full Mutual & Membership Benefit compensation data
FAQ

Common questions about Portage Bay Insurance

What does the Board Member of Portage Bay Insurance earn?

In 2023, the Board Member of Portage Bay Insurance received $42,972 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Mutual & Membership Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at Portage Bay Insurance compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Board Member at Portage Bay Insurance falls between the median and the 75th percentile. In 2023, the highest total compensation at Portage Bay Insurance equaled 0.1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are Portage Bay Insurance's revenue and expenses?

In 2023, Portage Bay Insurance reported $55.6M in total revenue and $51.9M in total expenses on its IRS Form 990.

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