Nonprofit · EIN 71-0893000
PROVIDERS INSURANCE CORPORATION
Tax-exempt · HONOLULU, HI 96813
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,058,362 | $35,201,905 | -$4,143,543 | $115,393,627 | $93,040,583 | $22,353,044 |
| June 30, 2024 | 990 | $28,631,693 | $24,839,597 | $3,792,096 | $91,711,190 | $68,604,143 | $23,107,047 |
| June 30, 2023 | 990 | $25,035,883 | $22,474,096 | $2,561,787 | $82,180,111 | $64,927,724 | $17,252,387 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $27,441,241
- Investment income
- $3,575,248
- Net gain from sales of assets
- -$3,406
- Other revenue
- $41,873
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,028
- Accounting fees
- $50,367
- Travel
- $17,175
- Program services (functional)
- $34,192,586
- Management and general (functional)
- $1,009,319
Balance sheet and other
- Total assets, start of year
- $91,711,190
- Total assets, end of year
- $115,393,627
- Total liabilities, end of year
- $93,040,583
- Net assets, end of year
- $22,353,044
- Publicly traded securities
- $28,541,653
- Net assets without donor restrictions
- $22,353,044
- Gross receipts
- $32,710,639
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2002
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Raymond P Vara Jr | Board of Director Trustee or director | 1 | $0 | $3,043,387 | $2,402,439 |
| David Okabe | Board of Director, Treasurer Trustee or director, Officer | 0.5 | $0 | $1,305,584 | $568,803 |
| Charles R Ching | Board of Director, Chair Trustee or director, Officer | 1.3 | $0 | $822,744 | $397,894 |
| Shilpa Patel MD | VICE CHAIR & SECRETARY Trustee or director, Officer | 0.5 | $0 | $540,119 | $142,995 |
| Carrie Ann Tsutsui | Assistant Treasurer Officer | 0.5 | $0 | $325,583 | $88,491 |
| Gregg Timmons | Board of Director, President (PART YEAR) Trustee or director, Officer | 40 | $0 | $237,578 | $34,899 |
| Jessica Lewis | Assistant Secretary Officer | 0.5 | $0 | $190,855 | $47,962 |
| Traci Morita ESQ | VICE PRESIDENT Officer | 40 | $0 | $184,091 | $15,633 |
| Karen Maciorowski | BOARD OF DIRECTOR, PRESIDENT Trustee or director, Officer | 40 | $0 | $145,361 | $39,355 |
| Michael Gibson Esq | Board of Director Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Raymond P Vara Jr | Board of Director Trustee or director | 1 | $0 | $2,464,885 | $1,946,467 |
| David Okabe | Board of Director, Treasurer Trustee or director, Officer | 0.5 | $0 | $1,124,153 | $424,421 |
| Charles R Ching | Board of Director, Chair Trustee or director, Officer | 1.3 | $0 | $830,806 | $294,495 |
| Shilpa Patel MD | VICE CHAIR & SECRETARY Trustee or director, Officer | 0.5 | $0 | $488,357 | $120,521 |
| Carrie Ann Tsutsui | Assistant Treasurer Officer | 0.5 | $0 | $307,290 | $79,120 |
| Gregg Timmons | Board of Director, President Trustee or director, Officer | 40 | $0 | $220,707 | $32,382 |
| Jessica Lewis | Assistant Secretary Officer | 0.5 | $0 | $183,999 | $45,659 |
| Karen Maciorowski | Vice President Officer | 40 | $0 | $140,954 | $36,848 |
| Michael Gibson Esq | Board of Director Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Raymond P Vara Jr | Board of Director Trustee or director | 1 | $0 | $2,867,542 | $1,366,459 |
| David Okabe | Board of Director, Treasurer Trustee or director, Officer | 0.5 | $0 | $1,247,925 | $393,579 |
| Charles R Ching | Board of Director, Chair Trustee or director, Officer | 1.3 | $0 | $964,630 | $277,063 |
| Melinda Ashton MD | Former Officer Former | 0.1 | $0 | $810,453 | $236,150 |
| Shilpa Patel MD | Vice Chair & Secretary Trustee or director, Officer | 0.5 | $0 | $405,247 | $97,543 |
| Carrie Ann Tsutsui | Assistant Treasurer Officer | 0.5 | $0 | $298,669 | $81,513 |
| Gregg Timmons | Board of Director, President Trustee or director, Officer | 40 | $0 | $218,686 | $32,020 |
| Jessica Lewis | Assistant Secretary Officer | 0.5 | $0 | $171,486 | $44,093 |
| Karen Maciorowski | Vice President Officer | 40 | $0 | $134,694 | $35,653 |
| Michael Gibson Esq | Board of Director Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 MERCHANT STREET 24TH FLOOR, HONOLULU, HI 96813-4333
- In care of
- % JESSICA LI
- Principal officer (990 for 2024)
- Karen Maciorowski, 55 MERCHANT STREET 24TH FLOOR, HONOLULU, HI 96813
- Signed the 990
- Karen Maciorowski, PRESIDENT
- Phone
- (808) 535-7213
- Website
- WWW.HAWAIIPACIFICHEALTH.ORG
- Return prepared by
- ERNST & YOUNG US LLP
Mission
AS A CAPTIVE INSURANCE COMPANY, PROVIDERS INSURANCE COMPANY PROVIDES GENERAL LIABILITY OCCURANCE BASED COVERAGE AND HEALTHCARE PROFESSIONAL LIABILITY CLAIMS-MADE COVERAGE ON A DIRECT BASIS TO HAWAI'I PACIFIC HEALTH AND ITS AFFILIATES.
Program accomplishments
- HEALTHCARE PROFESSIONAL LIABILITY INCLUDING BLANKET SPECIAL EVENTS, DRUGGIST PROFESSIONAL LIABILITY, MANAGED CARE LIABILITY, INSTITUTIONAL REVIEW BOARD COVERAGE, PUNITIVE DAMAGES, AND EXEMPLARY AND/OR MULTIPLIED DAMAGES COVERAGE. GENERAL LIABILITY COVERAGE INCLUDING BLANKET SPECIAL EVENTS, EMPLOYEE BENEFIT ADMINISTRATION LIABILITY, EMPLOYER'S LIABILITY EXCESS, EXCESS AUTOMOBILE LIABILITY, HEALTH CARE BENEFIT ADMINISTRATION, INSTITUTIONAL REVIEW BOARD COVERAGE, PUNITIVE DAMAGES AND EXEMPLARY AND/OR MULTIPLIED DAMAGES, SEXUAL MISCONDUCT AND MEDICAL EXPENSES. PROVIDERS INSURANCE CORPORATION'S REVENUES FROM INSURANCE PREMIUMS ARE CHARGED BASED ON EXPECTED LOSSES AS DETERMINED BY ACTUARIAL ASSUMPTIONS.Expenses $34,192,586 · revenue $31,019,895
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0893000
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E112)
- Assets (IRS master file)
- $115,393,627
- Income (IRS master file)
- $32,710,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,058,362 | $35,201,905 | $115,393,627 | IRS |
| 990 | June 2024 | $28,631,693 | $24,839,597 | $91,711,190 | IRS |
| 990 | June 2023 | $25,035,883 | $22,474,096 | $82,180,111 | XML |
| 990 | June 2022 | $20,542,985 | $22,394,631 | $86,073,218 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0893000).
Questions about PROVIDERS INSURANCE CORPORATION
- What is the EIN of PROVIDERS INSURANCE CORPORATION?
- The employer identification number (EIN) of PROVIDERS INSURANCE CORPORATION is 71-0893000.
- Is PROVIDERS INSURANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to PROVIDERS INSURANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PROVIDERS INSURANCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROVIDERS INSURANCE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROVIDERS INSURANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROVIDERS INSURANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names Karen Maciorowski.
- Who are the officers and directors of PROVIDERS INSURANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PROVIDERS INSURANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,058,362, expenses of $35,201,905 and total assets of $115,393,627 at year end.
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