Portage Bay Insurance (EIN 010717030) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

2065433802

Tax Period

2024-07-01 to 2025-06-30

Portage Bay Insurance, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $59.0M in total revenue in fiscal year 2024.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,983,067

Investment Income $0

Other Revenue $4,221

TOTAL REVENUE $58,987,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,251,063

Other Expenses $59,761,537

TOTAL EXPENSES $59,761,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,987,288	$55,609,001	+0.1%
Expenses	$59,761,537	$51,897,937	+0.2%
Net Income	$-774,249	$3,711,064	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$343,501

Total Directors

$3,587,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE YUNG	PRESIDENT/DIRECTOR	1.0	Officer Director	$0	$50,191	$343,501
ANNELISE SCHLEYER	Director	1.0	Director	$0	$98,872	$466,304
Brad Simmons	DIRECTOR	1.0	Director	$0	$69,638	$1,034,318
JACQUELINE CABE	DIRECTOR	1.0	Director	$0	$44,193	$745,151
KRIS WHITTERS	Director	1.0	Director	$0	$0	$0
MINDY KORNBERG	DIRECTOR	1.0	Director	$0	$60,624	$490,423
SARAH NORRIS HALL	DIRECTOR	1.0	Director	$0	$73,603	$507,975
DENYS KAZAMA	SECRETARY/TREASURER	1.0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$58,987,288	$59,761,537	$177,923,065	$-774,249
2024	$55,609,001	$51,897,937	$187,444,734	$3,711,064
2024	No data	No data	No data	No data
2023	$62,536,564	$67,193,743	$161,698,095	$-4,657,179
2022	$43,679,880	$52,270,627	$192,262,128	$-8,590,747
2021	$59,637,964	$56,248,304	$176,507,390	$3,389,660
2020	$26,048,700	$28,573,638	$99,811,015	$-2,524,938
2019	$27,318,555	$40,456,608	$89,987,622	$-13,138,053
2018	$26,275,036	$33,137,663	$114,785,331	$-6,862,627

Portage Bay Insurance