Sutter Insurance Services Corporation
- Assets
- $351.7m
- Revenue
- $101.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 99-0289310
Organization Overview
Sutter Insurance Services Corporation is located in Honolulu, HI. The organization was established in 1993. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Sutter Insurance Services Corporation 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 12/2021, Sutter Insurance Services Corporation generated $101.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $68.0m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Krevans CEO Emeritus, Sutter Health | Trustee | 1 | $0 |
Warner Thomas President & CEO Sh (pt-Yr) | Trustee | 1 | $0 |
James Conforti Sh Svp, Interim CEO | Trustee | 1 | $0 |
Brian Dean Sh, Vp, CFO | Trustee | 1 | $0 |
Florence Di Benedetto Chair Sisco/svp Gen Counsel Sh | Trustee | 2 | $0 |
Bonnie George President/ceo Sisco | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hanson Bridgett Llp Legal Services | 12/30/22 | $2,365,772 |
Sedgwick Claims Management Svcs Inc 3rd Party Admin Fees | 12/30/22 | $2,262,322 |
Fox Rothschild Llp Legal Services | 12/30/22 | $1,375,264 |
Atkinson Andelson Loya Ruud Romo Legal Services | 12/30/22 | $1,132,328 |
Porter Scott Apc Legal Services | 12/30/22 | $1,107,130 |
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 | $88,749,366 |
| Investment income | $12,821,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,942,458 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,932 |
| Fees for services: Accounting | $23,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $366,191 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $57,882 |
| All other expenses | $119,859 |
| Total functional expenses | $67,975,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,990,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $354,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $317,985,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,365,953 |
| Total assets | $351,696,464 |
| Accounts payable and accrued expenses | $365,504 |
| 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 | $215,011,287 |
| Total liabilities | $215,376,791 |
| Net assets without donor restrictions | $136,319,673 |
| 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 | $351,696,464 |