SAIF is a state-chartered not-for-profit and the largest workers’ compensation agency in Oregon. Terhune has been CEO of SAIF since 2021, when his base salary was $500,000. While his exact salary is not reported, he has he regularly received raises and “incentive payments” of 35-40%, according to SAIF’s annual reports. In 2024, according to calculations from the 2021 base salary, Terhune’s salary was around $562,323 and his bonus amounted to something like $216,000.

Despite being a “not for profit,” it sure seems like the CEO made a lot of profit for themself.

The median salary for full-time workers in Oregon is $61,671.