Portage Bay Insurance
Seattle, Washington
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Poor
How This Organization Compares
Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $62,536,564↑43% | $67,193,743↑29% | $161,698,095↓16% | — |
| 2022 | $43,679,880↓27% | $52,270,627↓7% | $192,262,128↑9% | — |
| 2021 | $59,637,964↑129% | $56,248,304↑97% | $176,507,390↑77% | — |
| 2020 | $26,048,700↓5% | $28,573,638↓29% | $99,811,015↑11% | — |
| 2019 | $27,318,555↑4% | $40,456,608↑22% | $89,987,622↓22% | — |
| 2018 | $26,275,036↓1% | $33,137,663↑144% | $114,785,331↑38% | — |
| 2017 | $26,572,917↑19% | $13,559,388↓43% | $83,367,227↑9% | — |
| 2016 | $22,338,122↓2% | $23,875,429↓24% | $76,769,550↓12% | — |
| 2015 | $22,687,825↑1% | $31,366,766↑52% | $87,715,268↑8% | — |
| 2014 | $22,357,055↑9% | $20,697,251↓27% | $81,190,979↓13% | — |
| 2013 | $20,556,096↑17% | $28,249,928↑56% | $93,007,896↑16% | — |
| 2012 | $17,544,434↓8% | $18,082,650↑43% | $80,174,842↑5% | — |
| 2011 | $19,161,880 | $12,649,658 | $76,632,335 | — |
Frequently Asked Questions
What does Portage Bay Insurance do?▼
Portage Bay Insurance is a mutual & membership benefit nonprofit organization based in Washington. It is classified under NTEE code Y990 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Portage Bay Insurance financially healthy?▼
Based on our 9-metric Financial Health Score model, Portage Bay Insurance has a score of 30/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Portage Bay Insurance generate?▼
Portage Bay Insurance reports $55.6M in annual revenue and holds $187.4M in total assets, based on IRS filings.
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