Southern Oregon Insurance Inc
Southern Oregon Insurance Inc. shows consistent asset growth and reports no officer compensation.
EIN: 201578637 · Honolulu, HI · NTEE: Y20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.7M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| Net Assets | $26.7M |
| Transparency Score | 95/100 |
Is Southern Oregon Insurance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Oregon Insurance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Oregon Insurance Inc
Southern Oregon Insurance Inc (EIN: 201578637) is a nonprofit organization based in Honolulu, HI, classified under NTEE code Y20. The organization reported total revenue of $30.7M and total assets of $43.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Oregon Insurance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Oregon Insurance Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$526K |
| Total Assets | $37.5M |
| Total Liabilities | $10.8M |
| Net Assets | $26.7M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 106.6 months |
Financial Health Grade: A
In 2023, Southern Oregon Insurance Inc reported a surplus of $526K with revenue exceeding expenses, holds 106.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Oregon Insurance Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +30.1% | +10.2% |
| 2022 | -17.3% | +55.6% | -8.1% |
| 2021 | +19.4% | -8.0% | +12.5% |
| 2020 | -13.5% | -5.1% | +10.4% |
| 2019 | +60.2% | -24.5% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Oregon Insurance Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Southern Oregon Insurance Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $526K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, or trustees. This is a highly positive indicator of financial efficiency and a strong commitment to the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southern Oregon Insurance Inc:
- Consistent asset growth, increasing from $20,862,996 in 2014 to $37,486,809 in 2023.
- Zero officer compensation reported across all available filings, indicating strong financial stewardship.
- Positive net income in most years, demonstrating financial stability (e.g., $4,744,418 revenue vs. $4,218,720 expenses in 2023).
- Low liabilities relative to assets, with liabilities at $10,835,663 against assets of $37,486,809 in 2023.
Frequently Asked Questions about Southern Oregon Insurance Inc
Is Southern Oregon Insurance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Oregon Insurance Inc (EIN: 201578637) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Southern Oregon Insurance Inc spend its money?
Southern Oregon Insurance Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Oregon Insurance Inc tax-deductible?
Southern Oregon Insurance Inc is registered as a tax-exempt nonprofit (EIN: 201578637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southern Oregon Insurance Inc's spending goes to programs?
Southern Oregon Insurance Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southern Oregon Insurance Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Southern Oregon Insurance Inc is above average for NTEE category Y20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Oregon Insurance Inc located?
Southern Oregon Insurance Inc is headquartered in Honolulu, Hawaii and files with the IRS under EIN 201578637. It is classified under NTEE code Y20.
How many years of IRS 990 filings does Southern Oregon Insurance Inc have?
Southern Oregon Insurance Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $30.7M in total revenue.
Is Southern Oregon Insurance Inc. a good charity?
Based on the provided financial data, Southern Oregon Insurance Inc. appears to be a financially sound organization with consistent asset growth and a notable commitment to not paying officer compensation, which suggests strong financial stewardship. However, without detailed program spending information, a full assessment of its charitable impact is limited.
How has Southern Oregon Insurance Inc.'s financial health changed over time?
Southern Oregon Insurance Inc. has shown consistent financial growth, with assets increasing from $20,862,996 in 2014 to $37,486,809 in 2023. Revenue has fluctuated but generally remained strong, and expenses have been managed to maintain positive net income in most years.
What is the significance of 0% officer compensation?
0% officer compensation is a significant strength, indicating that the organization's leadership is not drawing salaries or other forms of compensation from the nonprofit. This suggests that resources are likely being directed towards the organization's mission and operational costs, rather than executive pay.
Filing History
IRS 990 filing history for Southern Oregon Insurance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Oregon Insurance Inc's revenue has grown by 57.4%, moving from $3.0M to $4.7M. Total assets increased by 106.6% over the same period, from $18.1M to $37.5M. Total functional expenses rose by 116.1%, from $2.0M to $4.2M. In its most recent filing year (2023), Southern Oregon Insurance Inc reported a surplus of $526K, with revenue exceeding expenses. The organization holds $10.8M in liabilities against $37.5M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $26.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.2M | $37.5M | $10.8M | — | — |
| 2022 | $5.0M | $3.2M | $34.0M | $10.3M | — | View 990 |
| 2021 | $6.0M | $2.1M | $37.0M | $8.7M | — | View 990 |
| 2020 | $5.0M | $2.3M | $32.9M | $10.4M | — | — |
| 2019 | $5.8M | $2.4M | $29.8M | $10.3M | — | View 990 |
| 2018 | $3.6M | $3.2M | $26.0M | $8.7M | — | View 990 |
| 2017 | $4.4M | $2.6M | $21.7M | $6.0M | — | View 990 |
| 2016 | $3.6M | $2.6M | $20.3M | $7.2M | — | View 990 |
| 2015 | $5.0M | $3.0M | $18.8M | $7.7M | — | View 990 |
| 2014 | $3.7M | $4.4M | $20.9M | $8.7M | — | View 990 |
| 2013 | $3.3M | $2.4M | $24.6M | $6.4M | — | View 990 |
| 2012 | $3.1M | $2.0M | $21.3M | $5.0M | — | View 990 |
| 2011 | $3.0M | $2.0M | $18.1M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.2M, and assets of $37.5M (revenue -4.7% year-over-year).
- 2022: Revenue of $5.0M, expenses of $3.2M, and assets of $34.0M (revenue -17.3% year-over-year).
- 2021: Revenue of $6.0M, expenses of $2.1M, and assets of $37.0M (revenue +19.4% year-over-year).
- 2020: Revenue of $5.0M, expenses of $2.3M, and assets of $32.9M (revenue -13.5% year-over-year).
- 2019: Revenue of $5.8M, expenses of $2.4M, and assets of $29.8M (revenue +60.2% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.2M, and assets of $26.0M (revenue -18.1% year-over-year).
- 2017: Revenue of $4.4M, expenses of $2.6M, and assets of $21.7M (revenue +24.4% year-over-year).
- 2016: Revenue of $3.6M, expenses of $2.6M, and assets of $20.3M (revenue -27.9% year-over-year).
- 2015: Revenue of $5.0M, expenses of $3.0M, and assets of $18.8M (revenue +34.9% year-over-year).
- 2014: Revenue of $3.7M, expenses of $4.4M, and assets of $20.9M (revenue +12.9% year-over-year).
- 2013: Revenue of $3.3M, expenses of $2.4M, and assets of $24.6M (revenue +5.3% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.0M, and assets of $21.3M (revenue +2.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.0M, and assets of $18.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Oregon Insurance Inc:
Data Sources and Methodology
This transparency report for Southern Oregon Insurance Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.