Sutter Insurance Services Corporation
96% goes to programs Strong reserves Growing revenue
Sutter Insurance Services Corporation is a 501(c)(3) organization based in Honolulu, Hawaii, registered in 1993, with $119,794,155 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
700 Bishop St Ste 1100, Honolulu, HI, 96813 EIN 99-0289310 Since 1993
Revenue (FY2024)
$119.8M
▲ 9.4% vs prior year
Membership median: $185K
Expenses (FY2024)
$55.8M
Net assets
$225.4M
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 rating96% 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 Sutter Insurance Services Corporation: 96% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating48 mo reserves · +53% 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 Sutter Insurance Services Corporation: 48 mo reserves · +53% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Sutter Insurance Services Corporation: 4 of 6 checks met earns a B 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 Sutter Insurance Services Corporation: 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
- 700 Bishop St Ste 1100, Honolulu, HI, 96813
- City
- Honolulu
- State
- Hawaii
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $54.7M (FY2013) to $119.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $223.8MNet assets $225.4M
Operating margin
53.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$449.2M
Total liabilities
$223.8M
Net assets
$225.4M
Salaries & benefits
$0
0% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $119,794,155▲9.4% | $55,819,861▼29.8% | $225,366,289▲39.6% | $449,150,810▲13.9% | 990 |
| 2023 | $109,544,156▲190% | $79,477,149▲85.1% | $161,391,995▲23.0% | $394,281,351▲13.2% | 990 |
| 2022 | $37,815,206▼62.9% | $42,947,137▼36.8% | $131,187,742▼3.8% | $348,347,309▼1.0% | 990 |
| 2021 | $101,942,458▼0.7% | $67,975,923▼14.6% | $136,319,673▲33.2% | $351,696,464▲13.5% | 990 |
| 2020 | $102,668,323▲17.0% | $79,595,491▲9.0% | $102,331,977▲29.3% | $309,985,240▲16.9% | 990 |
| 2019 | $87,785,101▲39.7% | $72,993,063▲52.4% | $79,142,313▲22.4% | $265,198,591▲15.4% | 990 |
| 2018 | $62,820,158▼8.1% | $47,884,919▼20.0% | $64,678,513▲30.0% | $229,794,500▲4.2% | 990 |
| 2017 | $68,391,583▲4.5% | $59,851,136▼2.8% | $49,743,274▲20.7% | $220,593,240▲12.5% | 990 |
| 2016 | $65,475,296▲25.4% | $61,549,453▼0.5% | $41,202,827▲1.2% | $196,160,825▲3.1% | 990 |
| 2015 | $52,199,553▼16.1% | $61,850,596▲36.4% | $40,724,701▼19.2% | $190,351,726▼6.5% | 990 |
| 2014 | $62,207,390▲13.6% | $45,334,011▼29.4% | $50,375,744▲50.4% | $203,523,343▲9.3% | 990 |
| 2013 | $54,749,855 | $64,199,020▲33.4% | $33,502,365▼44.7% | $186,218,410▼2.1% | 990 |
| 2012 | — | $48,119,333▲2.2% | $60,618,530▼10.8% | $190,235,970▲2.3% | 990 |
| 2011 | — | $47,077,722▼18.0% | $67,922,857▲41.6% | $185,880,157▲16.4% | 990 |
| 2010 | — | $57,436,186 | $47,974,602 | $159,687,836 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Caren Weakley | Svp, Gen Cncl/sec Sisco(pt-yr) | 2 | — |
| Dominic Nakis | Sh Interim Cfo | 1 | — |
| Florence Di Benedetto | Former Sh Svp/general Counsel | 0 | — |
| Gena Peyton | Sh Vp, Cro/pres. Sisco | 2 | — |
| Pam Marino | Sh Vp, Clo / Sec Sisco (pt-yr) | 2 | — |
| Raju Iyer | Sh Svp, Cfo | 1 | — |
| Sarah Krevans | Emeritus Ceo, Sutter Health | 0 | — |
| Susan Burchiel | Cfo, Sisco | 1 | — |
| Warner Thomas | President & Ceo Sh/chair Sisco | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sedgwick Claims Mgmt Svc Inc | 3rd Party Admin Fees | $2,357,783 |
| Hassard Bonnington LLP | Legal Services | $1,376,417 |
| La Follette Johnson Dehass Fesler | Legal Services | $1,274,984 |
| Porter Scott Apc | Legal Services | $1,044,456 |
| Marsh USA Inc and Guy Carpenter | Broker/commissions | $1,026,415 |
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Compare Sutter Insurance Services Corporation
Frequently asked questions
- Is Sutter Insurance Services Corporation a legitimate nonprofit?
- Yes. Sutter Insurance Services Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 99-0289310, based in Honolulu, Hawaii. Donations are tax-deductible.
- What is Sutter Insurance Services Corporation's EIN?
- Sutter Insurance Services Corporation's Employer Identification Number (EIN) is 99-0289310.
- How much revenue does Sutter Insurance Services Corporation report?
- Sutter Insurance Services Corporation reported $119,794,155 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Sutter Insurance Services Corporation's spending goes to programs?
- Sutter Insurance Services Corporation spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sutter Insurance Services Corporation have?
- CharityIndex grades Sutter Insurance Services Corporation A, based on program efficiency and fundraising cost.
- How much does Sutter Insurance Services Corporation's highest-paid employee make?
- The highest reported compensation on Sutter Insurance Services Corporation's latest Form 990 is $0, paid to Caren Weakley (Svp, Gen Cncl/sec Sisco(pt-yr)).
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Data for Sutter Insurance Services Corporation (EIN 99-0289310) 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.