Willamette Valley Insurance Corporation
Willamette Valley Insurance Corporation reports significant net losses in recent periods despite substantial assets.
EIN: 201836190 · Honolulu, HI · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $4.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $11.5M |
| Transparency Score | 55/100 |
Is Willamette Valley Insurance Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willamette Valley Insurance Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Willamette Valley Insurance Corporation
Willamette Valley Insurance Corporation (EIN: 201836190) is a nonprofit organization based in Honolulu, HI, classified under NTEE code E11. The organization reported total revenue of $3.6M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willamette Valley Insurance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willamette Valley Insurance Corporation is a mid-size 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 -13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-3,847,216 |
| Total Assets | $19.9M |
| Total Liabilities | $8.4M |
| Net Assets | $11.5M |
| Operating Margin | -1074.1% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 56.8 months |
Financial Health Grade: B
In 2023, Willamette Valley Insurance Corporation reported a deficit of $3.8M with expenses exceeding revenue, holds 56.8 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Willamette Valley Insurance Corporation's revenue has declined at a compound annual growth rate (CAGR) of -13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.2% | +1004.3% | -3.1% |
| 2022 | -67.3% | -86.2% | -17.0% |
| 2021 | -55.0% | +145.3% | +8.0% |
| 2020 | +37.8% | -20.7% | +5.7% |
| 2019 | -23.9% | -15.5% | +8.9% |
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 Willamette Valley Insurance Corporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Willamette Valley Insurance Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership model or that compensation is handled by a related entity, which would be unusual for an organization with assets nearing $20 million.
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.
Red Flags
The following concerns were identified during AI analysis of Willamette Valley Insurance Corporation's IRS 990 filings:
- Significant net losses in recent periods (e.g., 202306: $358,192 revenue vs. $4,205,408 expenses).
- High volatility in revenue and expenses across different fiscal years.
- Increasing liabilities, reaching $8,377,032 in 202306, which could indicate financial strain.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Willamette Valley Insurance Corporation:
- Maintains substantial assets, with $19,889,818 in 202306, providing a financial cushion.
- History of strong revenue generation in certain periods (e.g., $4,263,691 in 201509).
- Consistent filing of IRS Form 990s, indicating adherence to reporting requirements.
Frequently Asked Questions about Willamette Valley Insurance Corporation
Is Willamette Valley Insurance Corporation a legitimate charity?
Willamette Valley Insurance Corporation (EIN: 201836190) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Willamette Valley Insurance Corporation spend its money?
Willamette Valley Insurance Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Willamette Valley Insurance Corporation tax-deductible?
Willamette Valley Insurance Corporation is registered as a tax-exempt nonprofit (EIN: 201836190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Willamette Valley Insurance Corporation CEO make?
Willamette Valley Insurance Corporation's highest-compensated officer earns $20 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Willamette Valley Insurance Corporation's spending goes to programs?
Willamette Valley Insurance Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Willamette Valley Insurance Corporation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Willamette Valley Insurance Corporation is near average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Willamette Valley Insurance Corporation located?
Willamette Valley Insurance Corporation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 201836190. It is classified under NTEE code E11.
How many years of IRS 990 filings does Willamette Valley Insurance Corporation have?
Willamette Valley Insurance Corporation 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 $3.6M in total revenue.
Is Willamette Valley Insurance Corporation a good charity?
Based on the provided data, it's challenging to definitively label it as a 'good charity' without understanding its specific programmatic activities and the nature of its NTEE code (E11 - Insurance Providers). While it has substantial assets, recent financial periods show significant net losses (e.g., $358,192 revenue vs. $4,205,408 expenses in 202306), which raises concerns about financial sustainability. The 0% officer compensation is unusual and warrants further investigation.
Why are expenses so much higher than revenue in some years?
In periods like 202306, expenses ($4,205,408) significantly exceeded revenue ($358,192), resulting in a substantial deficit. This could be due to a variety of factors such as large one-time expenditures, investment losses, or a decline in earned revenue. Without a detailed breakdown of expenses, the exact reasons remain unclear, but it indicates a period of financial strain or strategic investment.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with assets ranging from $16 million to $24 million. It could mean that the organization is entirely run by volunteers, that compensation is paid by a related entity and not directly by this specific nonprofit, or that the compensation is reported under a different category. This lack of reported executive pay requires further scrutiny for complete transparency.
How stable is the organization's financial position given the fluctuating revenue and expenses?
The organization's financial position shows considerable volatility. While it maintains substantial assets (e.g., $19,889,818 in 202306), the large swings between significant net income (e.g., 202006) and substantial net losses (e.g., 202306) indicate an unpredictable financial performance. The increasing liabilities, reaching $8,377,032 in 202306, also suggest potential financial pressures that could impact long-term stability.
Filing History
IRS 990 filing history for Willamette Valley Insurance Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Willamette Valley Insurance Corporation's revenue has declined by 83.5%, moving from $2.2M to $358K. Total assets increased by 71% over the same period, from $11.6M to $19.9M. Total functional expenses rose by 83.1%, from $2.3M to $4.2M. In its most recent filing year (2023), Willamette Valley Insurance Corporation reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $8.4M in liabilities against $19.9M in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $4.2M | $19.9M | $8.4M | — | — |
| 2022 | $422K | $381K | $20.5M | $5.8M | — | View 990 |
| 2021 | $1.3M | $2.8M | $24.7M | $7.6M | — | View 990 |
| 2020 | $2.9M | $1.1M | $22.9M | $5.7M | — | View 990 |
| 2019 | $2.1M | $1.4M | $21.7M | $5.8M | — | View 990 |
| 2018 | $2.7M | $1.7M | $19.9M | $5.4M | — | View 990 |
| 2017 | $2.8M | $1.0M | $17.9M | $4.7M | — | View 990 |
| 2016 | $2.6M | $3.1M | $16.9M | $5.9M | — | View 990 |
| 2015 | $4.3M | $922K | $17.0M | $6.0M | — | View 990 |
| 2014 | $2.3M | $3.9M | $17.8M | $7.9M | — | View 990 |
| 2013 | $3.4M | $846K | $17.2M | $6.1M | — | View 990 |
| 2012 | $3.2M | $1.7M | $14.3M | $6.4M | — | View 990 |
| 2011 | $2.2M | $2.3M | $11.6M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $4.2M, and assets of $19.9M (revenue -15.2% year-over-year).
- 2022: Revenue of $422K, expenses of $381K, and assets of $20.5M (revenue -67.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.8M, and assets of $24.7M (revenue -55.0% year-over-year).
- 2020: Revenue of $2.9M, expenses of $1.1M, and assets of $22.9M (revenue +37.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.4M, and assets of $21.7M (revenue -23.9% year-over-year).
- 2018: Revenue of $2.7M, expenses of $1.7M, and assets of $19.9M (revenue -0.8% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.0M, and assets of $17.9M (revenue +6.7% year-over-year).
- 2016: Revenue of $2.6M, expenses of $3.1M, and assets of $16.9M (revenue -39.3% year-over-year).
- 2015: Revenue of $4.3M, expenses of $922K, and assets of $17.0M (revenue +82.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $3.9M, and assets of $17.8M (revenue -31.5% year-over-year).
- 2013: Revenue of $3.4M, expenses of $846K, and assets of $17.2M (revenue +6.7% year-over-year).
- 2012: Revenue of $3.2M, expenses of $1.7M, and assets of $14.3M (revenue +47.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.3M, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willamette Valley Insurance Corporation:
Data Sources and Methodology
This transparency report for Willamette Valley Insurance Corporation 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.