Lokahi Assurance Ltd
95% goes to programs Strong reserves Growing revenue
Lokahi Assurance Ltd is a 501(c)(3) organization based in Oakland, California, registered in 2003, with $967,547,788 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
C/o Kp Tax One Kaiser Plz Fl 26, Oakland, CA, 94612 EIN 91-2171891 Since 2003
Revenue (FY2024)
$967.5M
▲ 27.6% vs prior year
Membership median: $185K
Expenses (FY2024)
$752.5M
Net assets
$700.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lokahi Assurance Ltd: 95% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lokahi Assurance Ltd: 11 mo reserves · +22% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lokahi Assurance Ltd: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lokahi Assurance Ltd: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- C/o Kp Tax One Kaiser Plz Fl 26, Oakland, CA, 94612
- City
- Oakland
- State
- California
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $318.1M (FY2013) to $967.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.9BNet assets $700.9M
Operating margin
22.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6B
Total liabilities
$2.9B
Net assets
$700.9M
Salaries & benefits
$16K
0% of expenses
Board members
5
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $967,547,788▲27.6% | $752,496,563▲19.8% | $700,945,630▲14.3% | $3,624,344,138▲8.1% | 990 |
| 2023 | $758,217,964▲44.9% | $628,387,318▼5.4% | $613,216,761▲38.0% | $3,354,081,963▲13.0% | 990 |
| 2022 | $523,344,731▲13.7% | $664,390,364▲42.3% | $444,475,046▼40.9% | $2,969,153,307▼3.7% | 990 |
| 2021 | $460,349,929▲5.0% | $466,969,515▼0.9% | $751,721,616▲6.3% | $3,084,383,646▼6.8% | 990 |
| 2020 | $438,260,488▼17.0% | $471,309,878▼5.8% | $707,270,435▲5.8% | $3,307,973,862▲18.9% | 990 |
| 2019 | $528,026,536▼48.2% | $500,564,162▼46.8% | $668,293,597▲13.2% | $2,781,867,842▲7.9% | 990 |
| 2018 | $1,019,319,122▲162% | $941,121,014▲172% | $590,424,740▲9.1% | $2,577,790,522▲29.6% | 990 |
| 2017 | $388,322,535▲32.3% | $346,321,989▲21.8% | $541,072,159▲12.5% | $1,989,308,233▲10.5% | 990 |
| 2016 | $293,536,879▲9.4% | $284,220,261▲12.3% | $480,809,583▲4.3% | $1,801,033,190▲2.1% | 990 |
| 2015 | $268,293,416▼13.8% | $253,197,490▲6.2% | $461,044,008▲0.7% | $1,763,323,218▲2.2% | 990 |
| 2014 | $311,422,665▼2.1% | $238,388,751▼17.4% | $458,036,654▲19.1% | $1,725,122,881▲4.7% | 990 |
| 2013 | $318,119,337 | $288,722,026▲2.4% | $384,516,561▲7.2% | $1,648,050,481▲5.0% | 990 |
| 2012 | — | $281,876,602▲10.2% | $358,629,160▲3.9% | $1,569,565,276▲3.3% | 990 |
| 2011 | — | $255,797,087▼58.1% | $345,070,107▲9.7% | $1,519,067,089▲5.5% | 990 |
| 2010 | — | $610,101,838 | $314,490,776 | $1,439,699,497 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael B Evans — $12,000 (0.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael B Evans | Director | 0 | $12,000 |
| Gerald C Yoshida | Assistant Secretary | 0 | $4,000 |
| Christina Lockwood | Assistant Secretary | 1 | — |
| Hong-sze Yu | Vp, Brd & Corp Gov & Asst Secy | 0.1 | — |
| Mark Zemelman | Svp, General Counsel & Secy | 0 | — |
| Martin King | Vp, Corporate Risk Management | 5 | — |
| Sylvia Bhatia | Sr Dir, Treasury | 2 | — |
| Thomas Meier | Svp, Corporate Treasurer | 2 | — |
| Vanessa Benavides | Evp,chief Legal Officer & Secy | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Eisner Advisory Group LLC | Consulting Services | $946,984 |
| Willis Towers Watson | Actuarial Services | $727,450 |
| Bank of Hawaii | Investment Mgmt | $474,101 |
| Advent Capital Management | Investment Mgmt | $453,720 |
| Riskonnect Clearsight LLC | Consulting Services | $192,999 |
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Compare Lokahi Assurance Ltd
Frequently asked questions
- Is Lokahi Assurance Ltd a legitimate nonprofit?
- Yes. Lokahi Assurance Ltd is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-2171891, based in Oakland, California. Donations are tax-deductible.
- What is Lokahi Assurance Ltd's EIN?
- Lokahi Assurance Ltd's Employer Identification Number (EIN) is 91-2171891.
- How much revenue does Lokahi Assurance Ltd report?
- Lokahi Assurance Ltd reported $967,547,788 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lokahi Assurance Ltd's spending goes to programs?
- Lokahi Assurance Ltd spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lokahi Assurance Ltd have?
- CharityIndex grades Lokahi Assurance Ltd A, based on program efficiency and fundraising cost.
- How much does Lokahi Assurance Ltd's highest-paid employee make?
- The highest reported compensation on Lokahi Assurance Ltd's latest Form 990 is $12,000, paid to Michael B Evans (Director).
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Data for Lokahi Assurance Ltd (EIN 91-2171891) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.