Surplus Line Association Of Oregon
- Assets
- $5.8m
- Revenue
- $807.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, OR
- Founding
- 11/1948
- Data as of
- 12/2022
- EIN
- 93-0358258
Organization Overview
Surplus Line Association Of Oregon is located in Portland, OR. The organization was established in 1948. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Surplus Line Association Of Oregon employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surplus Line Association Of Oregon is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Surplus Line Association Of Oregon generated $807.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $665.0k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXAMINATION OF INSURANCE POLICIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINED INSURANCE POLICIES OF NONADMITTED CARRIERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M'lissa Rutherford Vice President | Trustee | 1 | $3,097 |
Michelle Christian Secretary/treasurer | Trustee | 1 | $2,963 |
Mark Wilson President | Trustee | 1 | $1,933 |
Jim Heisler Director | Trustee | 1 | $0 |
Jenny Crain Director | Trustee | 1 | $0 |
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 | $611,940 |
| Investment income | $112,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $807,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,928 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,672 |
| Pension plan accruals and contributions | $11,375 |
| Other employee benefits | $0 |
| Payroll taxes | $25,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $370 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $23,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,041 |
| Fees for services: Other | $50,961 |
| Advertising and promotion | $0 |
| Office expenses | $3,086 |
| Information technology | $54,246 |
| Royalties | $0 |
| Occupancy | $30,030 |
| Travel | $2,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310 |
| Insurance | $20,382 |
| All other expenses | $5,424 |
| Total functional expenses | $665,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $774,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $773 |
| Investments—publicly traded securities | $4,754,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,986 |
| Total assets | $5,806,105 |
| Accounts payable and accrued expenses | $20,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,046 |
| Total liabilities | $154,053 |
| Net assets without donor restrictions | $5,652,052 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,806,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonprofits Insurance Alliance Of California Santa Cruz, CA | $422,311,251 | $88,356,752 |
Washington Counties Insurance Fund Tumwater, WA | $12,803,774 | $66,207,996 |
General Conference Of Seventh Day Adventist Roseville, CA | $15,390,414 | $66,062,205 |
Alliance Of Nonprofits For Insurance Risk Retention Group Inc Santa Cruz, CA | $261,341,148 | $70,179,499 |
Bio-Rad Laboratories Employee Benefit Trust Hercules, CA | $0 | $57,371,968 |
Intel Corporation Short Term Disability Plan Trust Santa Clara, CA | $0 | $22,029,560 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
Carrix Inc Benefits Trust Seattle, WA | $13,678,947 | $20,538,875 |
Loma Linda University Adventist Health Sciences Cntr Liability Tr San Bernardino, CA | $60,948,101 | $27,070,636 |
Surplus Line Association Of California San Ramon, CA | $30,618,927 | $32,067,894 |
United Employees Benefit Trust Tacoma, WA | $48,936,771 | $25,801,114 |
Dignity Health Hosp & Professional Liability Self-Insurance Trust San Francisco, CA | $0 | $32,275,072 |