WILLAMETTE VALLEY INSURANCE CORPORATION C/O MARSH MANAGEMENT SERVICES INC

EIN: 201836190 501(c)(3) Health Care

HONOLULU, HI

Total Revenue
$358,192
Total Expenses
$4,205,408
Total Assets
$19,889,818
Net Assets
$11,512,786
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
HI
Principal Officer
JAMES PARR
Phone
8085853530
Tax Period
2022-07-01 to 2023-06-30

WILLAMETTE VALLEY INSURANCE CORPORATION C/O MARSH MANAGEMENT SERVICES INC, founded in 2004, is a small nonprofit in the Health Care sector that reported $358K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 1074% operating deficit.

Mission

PROVIDING PROFESSIONAL AND GENERAL LIABILITY INSURANCE TO ITS SOLE MEMBER, SALEM HEALTH HOSPITALS AND CLINICS (FORMERLY SALEM HEALTH), A 501(C)(3) ENTITY, AND OTHER ORGANIZATIONS CONTROLLED DIRECTLY OR INDIRECTLY BY SALEM HEALTH HOSPITALS AND CLINICS AND THAT ARE NON-PROFIT FOUNDATIONS UNDER IRC SEC. 509(A)(1) OR (2).

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $358,192
Other Revenue $0
TOTAL REVENUE $358,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,058,460
Other Expenses $4,205,408
TOTAL EXPENSES $4,205,408

Year-over-Year Comparison

2022 2021 Change
Revenue $358,192 $422,276 -0.2%
Expenses $4,205,408 $380,821 +10.0%
Net Income $-3,847,216 $41,455 -93.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
8
Independent Members
2
Employees
N/A
Volunteers
N/A

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
4
$2,634,952
Total Directors
8
$6,057,419
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE KEENE DIRECTOR 2.00
Director
$0 $0 $0
LEAH MITCHELL VICE PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $103,773 $1,076,402
JAMES PARR PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $104,173 $1,085,378
DR RALPH YATES DIRECTOR 2.00
Director
$0 $35,151 $821,593
CHERYL NESTER WOLFE DIRECTOR 2.00
Director
$0 $41,448 $1,616,278
JONATHAN BAUER DIRECTOR 2.00
Director
$0 $80,610 $768,639
DR CHRISTINE CLARKE DIRECTOR 2.00
Director
$0 $55,271 $689,129
MARK ZOOK DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER FOWLER TREASURER 2.00
Officer
$0 $72,772 $473,172
ELLEN HAMPTON SECRETARY 2.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $358,192 $4,205,408 $19,889,818 $-3,847,216
2022 $422,276 $380,821 $20,534,716 $41,455
2021 $1,292,156 $2,757,592 $24,747,323 $-1,465,436
2020 $2,872,343 $1,124,292 $22,903,720 $1,748,051
2019 $2,085,081 $1,417,080 $21,659,483 $668,001
2018 $2,739,377 $1,677,756 $19,891,837 $1,061,621
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