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Nonprofiteer
← SURPLUS LINE ASSOCIATION OF WASHINGTON

Form 990 for tax year 2024

Filed by SURPLUS LINE ASSOCIATION OF WASHINGTON.

Totals

Total revenue
$2,905,891
Total expenses
$3,204,637
Contributions and grants received
$0
Grants paid
$19,678
Program service revenue
$2,712,049
Investment income
$193,842
Other revenue
$0
Total assets, end of year
$6,321,810
Total liabilities, end of year
$233,489
Net assets or fund balances, end of year
$6,088,321
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EXAMINING FEES

    total $2,602,183 · related or exempt $2,602,183

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $104,100 · related or exempt $104,100

  • 2c · Program service revenue: SEMINAR FEES

    total $5,766 · related or exempt $5,766

  • 3 · Investment income

    total $229,639 · excluded $229,639

  • 7a · Gross sales of assets other than inventory

    securities $500,000

  • 7b · Less cost or other basis and sales expenses

    securities $535,797

  • 7c · Gain or loss

    securities -$35,797

  • 7d · Net gain or loss

    total -$35,797 · excluded -$35,797

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,678

  • 5 · Compensation of officers, directors and key employees

    total $370,586

  • 7 · Other salaries and wages

    total $1,227,795

  • 8 · Pension plan contributions

    total $183,468

  • 9 · Other employee benefits

    total $165,841

  • 10 · Payroll taxes

    total $125,856

  • 11b · Fees: legal

    total $85,355

  • 11c · Fees: accounting

    total $85,361

  • 11d · Fees: lobbying

    total $96,182

  • 11f · Fees: investment management

    total $10,000

  • 13 · Office expenses

    total $27,358

  • 14 · Information technology

    total $329,280

  • 16 · Occupancy

    total $166,288

  • 17 · Travel

    total $135,645

  • 19 · Conferences, conventions and meetings

    total $44,865

  • 22 · Depreciation, depletion and amortization

    total $3,466

  • 23 · Insurance

    total $17,473

  • 24a · Other expenses: BUSINESS TAXES/LICENSES

    total $60,363

  • 24b · Other expenses: MEMBERSHIP ENGAGEMENT

    total $22,865

  • 24c · Other expenses: DUES/SUBSCRIPTIONS

    total $18,412

  • 24d · Other expenses: TEMPORARY HELP

    total $5,712

  • 24e · All other expenses

    total $2,788

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,860 · end of year $210,040

  • 2 · Savings and temporary cash investments

    beginning of year $526,186 · end of year $708,519

  • 4 · Accounts receivable

    beginning of year $243,808 · end of year $274,249

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,440 · end of year $55,329

  • 10a · Land, buildings and equipment: cost or other basis

    $912,978

  • 10b · Land, buildings and equipment: accumulated depreciation

    $902,235

  • 10c · Land, buildings and equipment, net

    beginning of year $6,124 · end of year $10,743

  • 11 · Investments: publicly traded securities

    beginning of year $5,471,923 · end of year $4,901,363

  • 15 · Other assets

    beginning of year $322,509 · end of year $161,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,375 · end of year $57,786

  • 25 · Other liabilities

    beginning of year $347,247 · end of year $175,703

  • 27 · Net assets without donor restrictions

    beginning of year $6,405,228 · end of year $6,088,321

Mission and programs · 2024

Mission

ASSOCIATION OF SURPLUS LINE INSURANCE BROKERS

  • PROMOTE A STABLE NON-ADMITTED INSURANCE MARKET IN WASHINGTON STATE IN ORDER TO OFFER VIABLE OPTIONS TO THE INSURANCE BUYING PUBLIC.ENCOURAGE AND FACILITATE COMPLIANCE BY ITS MEMBERS WITH THE LAWS OF WASHINGTON STATE AND THE U.S. RELATIVE TO SURPLUS LINE INSURANCE COVERAGE, AND WITH THE LAWS, RULES & REGULATIONS OF THE INSURANCE COMMISSIONER OF WASHINGTON STATE. SEE CONTINUATION ON SCHEDULE O.PROVIDE MEANS FOR THE EXAMINATION OF SURPLUS LINE POLICIES PLACED BY MEMBERS ON WASHINGTON RISKS IN ACCORDANCE WITH RULES AS ESTABLISHED BY THE ASSOCIATION, AND PROVIDE ASSISTANCE TO MEMBERS IN FILING AND COMPLIANCE. SUPPLY EDUCATIONAL SUPPORT TO THE MEMBERS OF THE ASSOCIATION INCLUDING DISSEMINATION OF INFORMATION REGARDING LAWS, RULES AND REGULATIONS RELEVANT TO SURPLUS LINE INSURANCE.SUPPORT INSURANCE EDUCATION RELATIVE TO SURPLUS LINE INSURANCE IN WASHINGTON STATE THROUGH SPONSORSHIP OF TRAINING CLASSES AND SEMINARS, OR GRANTS OF MONEY OR EXPERTISE TO EDUCATIONAL INSTITUTIONS. COMMUNICATE WITH THE LEGISLATURE AND OFFICE OF THE INSURANCE COMMISSIONER IN SUPPORT OF OUR MEMBERS AND THE NON-ADMITTED MARKETPLACE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Bukovinsky

    DIRECTOR

    Total calculated
    $781
    From this org
    $781
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Linda Musselman-Galanti

    DIRECTOR

    Total calculated
    $2,640
    From this org
    $2,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jeffrey Abram

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Gretchen Echelbarger

    SECRETARY-TREASURER

    Total calculated
    $2,240
    From this org
    $2,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Cristi Carrington

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Connie Divelbiss

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Lund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Roy Rankin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katy Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard White

    DIRECTOR

    Total calculated
    $1,794
    From this org
    $1,794
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Joy Erven

    EXECUTIVE DIRECTOR

    Total calculated
    $361,216
    From this org
    $297,247
    From related orgs
    $0
    Other
    $63,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,312
    Bonus
    $26,079
    Other
    $1,856
    Deferred
    $44,453
    Nontaxable benefits
    $19,516
    Filer's total
    $361,216

  • Arezoo Jangi

    ACCOUNTING/OFFICE MANAGER

    Total calculated
    $209,011
    From this org
    $166,750
    From related orgs
    $0
    Other
    $42,261
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,500
    Bonus
    $25,408
    Other
    $1,842
    Deferred
    $23,006
    Nontaxable benefits
    $19,255
    Filer's total
    $209,011

  • Arielle Oneil

    AVP EXAMINER

    Total calculated
    $129,234
    From this org
    $100,243
    From related orgs
    $0
    Other
    $28,991
    Hours/week
    40

  • Jacqueline Vassallo

    AVP MEMBERSHIP

    Total calculated
    $142,230
    From this org
    $110,987
    From related orgs
    $0
    Other
    $31,243
    Hours/week
    40

  • Robert Hope

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $199,605
    From this org
    $162,408
    From related orgs
    $0
    Other
    $37,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,596
    Bonus
    $0
    Other
    $8,812
    Deferred
    $24,233
    Nontaxable benefits
    $12,964
    Filer's total
    $199,605

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202521299349302092

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