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Your annual total comp is ~$190k… dude, that’s a perfectly fair offer
What they did was take your annual salary at $90/hr and subtract 30%. That 30% is considered what it costs to cover your benefits. But if you’re W2 at $90/hr., some of your benefits are covered. Consider what you’re paying for benefits that will be covered when convert. That said, I agree, the base is way low.
What does a program manager do?
TPM's are always the first to get laid off at that place. I work there and when layoffs happen we loose several TPMs... think about it but if you feel good about it go for it!! Good luck!!