Nonprofit · EIN 39-1572880
SECURITY HEALTH PLAN OF WISCONSIN INC
Tax-exempt · MARSHFIELD, WI 54449
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,502,964,953 | $1,504,996,026 | -$2,031,073 | $393,639,553 | $258,981,657 | $134,657,896 |
| December 31, 2023 | 990 | $1,438,516,604 | $1,427,562,132 | $10,954,472 | $403,621,294 | $256,582,598 | $147,038,696 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,479,782,805
- Investment income
- $17,386,425
- Net gain from sales of assets
- $923,900
- Other revenue
- $5,795,723
Expenses
- Grants and similar amounts paid
- $52,100
- Compensation of officers, directors and key employees
- $1,685,720
- Other salaries and wages
- $36,223,919
- Salaries, compensation and benefits (total)
- $49,364,163
- Professional fundraising fees
- $0
- Legal fees
- $185,963
- Accounting fees
- $464,409
- Occupancy
- $473,137
- Travel
- $2,740
- Depreciation
- $1,026,545
- Program services (functional)
- $1,455,108,131
- Management and general (functional)
- $49,887,895
Balance sheet and other
- Total assets, start of year
- $403,621,294
- Total assets, end of year
- $393,639,553
- Total liabilities, end of year
- $258,981,657
- Net assets, end of year
- $134,657,896
- Land, buildings and equipment
- $7,197,802
- Publicly traded securities
- $264,472,107
- Gross receipts
- $1,602,141,289
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1986
- State of legal domicile
- WI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN HOERNEMAN MD | BOARD MEMBER/MCHS INTERIM CEO Trustee or director | 1 | $0 | $1,584,168 | $39,013 |
| JEANETTE WOJTALEWICZ | INTERIM MCHS CFO Officer | 1 | $0 | $972,510 | $0 |
| ELVIS PETER MD | SECRETARY Trustee or director, Officer | 1 | $0 | $812,372 | $48,068 |
| SAMANTHA KLEBE DO | BOARD MEMBER/MCHS CMO Trustee or director | 1 | $0 | $703,503 | $36,357 |
| KRISTA HOGLUND | SHP CEO Officer | 1 | $0 | $679,971 | $39,714 |
| CATHY BUKOWSKI | FORMER MCHS CFO Former | 0 | $0 | $631,969 | $0 |
| MATTHEW OELSTROM MD | BOARD MEMBER Trustee or director | 1 | $0 | $499,726 | $37,964 |
| LISA BOERO | CHIEF LEGAL/COMPLIANCE (THRU AUG 24) Key employee | 50 | $0 | $415,495 | $10,811 |
| CHRIS BUEL | SHP VP OF FINANCE/CFO Key employee | 50 | $0 | $309,445 | $45,835 |
| RENEE SMITH | CHIEF MEDICAL OFFICER Key employee | 50 | $0 | $298,749 | $26,485 |
| DAVID NYMAN | CHIEF OPERATING OFFICER Key employee | 50 | $0 | $259,374 | $36,456 |
| ALPA SHAH MD | BOARD MEMBER (THRU FEB 2024) Trustee or director | 1 | $0 | $283,360 | $9,460 |
| JENNIFER SHERMO | CHIEF GROWTH OFFICER Key employee | 50 | $0 | $249,393 | $33,677 |
| MICHAEL SAUTEBIN | FORMER SHP CHIEF ACTUARY Former | 0 | $0 | $191,456 | $37,632 |
| TERRY FRANKLAND | CHAIR Trustee or director, Officer | 1 | $0 | $19,000 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL LUEBKE | CHAIR (THRU FEB 2024) Trustee or director, Officer | 1 | $0 | $11,000 |
| TOM EVERT | TREASURER Trustee or director, Officer | 1 | $0 | $10,500 |
| TOM WENZEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $8,000 |
| MARK BRADLEY | SECRETARY (THRU FEB 2024) Trustee or director, Officer | 1 | $0 | $5,500 |
| MARY JO JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN TURNEY MD | BOARD MEMBER/MCHS CEO - PART YEAR Trustee or director | 1 | $0 | $3,125,033 | $382,007 |
| WILLIAM MELMS MD | VICE CHAIR/MCHS CMO - PART YEAR Trustee or director, Officer | 1 | $0 | $1,053,823 | $21,091 |
| ELVIS PETER MD | BOARD MEMBER Trustee or director | 1 | $0 | $855,841 | $46,401 |
| BRIAN HOERNEMAN MD | BOARD MEMBER/MCHS INTERIM CEO Trustee or director | 1 | $0 | $848,741 | $40,127 |
| CATHY BUKOWSKI | MCHS CFO - PART YEAR Officer | 1 | $0 | $725,840 | $23,393 |
| EDWARD FERNANDEZ MD | BOARD MEMBER - PART YEAR Trustee or director | 1 | $0 | $536,206 | $43,230 |
| KRISTA HOGLUND | SHP CEO Officer | 1 | $0 | $518,946 | $40,520 |
| SAMANTHA KLEBE DO | BOARD MEMBER/MCHS CMO Trustee or director | 1 | $0 | $515,015 | $29,993 |
| CHRIS BUEL | SHP VP OF FINANCE/CFO Key employee | 50 | $314,221 | $0 | $47,105 |
| DAVID NYMAN | CHIEF OPERATING OFFICER Key employee | 50 | $273,704 | $0 | $36,932 |
| LISA BOERO | CHIEF LEGAL & COMPLIANCE OFFICER Key employee | 50 | $299,574 | $0 | $10,965 |
| ALPA SHAH MD | BOARD MEMBER Trustee or director | 1 | $0 | $294,888 | $10,485 |
| JENNIFER SHERMO | CHIEF GROWTH OFFICER Key employee | 50 | $250,529 | $0 | $33,880 |
| MICHAEL SAUTEBIN | FORMER SHP CHIEF ACTUARY Former | 0 | $0 | $207,780 | $38,223 |
| JEANETTE WOJTALEWICZ | INTERIM MCHS CFO Officer | 1 | $0 | $116,564 | $0 |
| MICHAEL LUEBKE | CHAIR Trustee or director, Officer | 1 | $0 | $26,500 | $0 |
| MARK BRADLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $13,000 | $0 |
| TERRY FRANKLAND | TREASURER Trustee or director, Officer | 1 | $0 | $13,000 | $0 |
| MARY JO JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8000, MARSHFIELD, WI 54449-8000
- In care of
- % CATHY BUKOWSKI VP OF FINANC
- Principal officer (990 for 2024)
- BILL GASSEN, 2301 EAST 60TH ST, SIOUX FALLS, SD 57104
- Signed the 990
- NICHOLAS OLSON, EVP, CFO
- Phone
- (715) 221-9555
- Website
- WWW.SECURITYHEALTH.ORG
- Return prepared by
- ERNST & YOUNG US LLP
Mission
SECURITY HEALTH PLAN'S MISSION IS TO ENRICH LIVES TO HELP CONSUMERS AND COMMUNITIES REACH THEIR BEST HEALTH BY ENSURING ACCESS TO AFFORDABLE AND HIGH QUALITY HEALTH INSURANCE.
Program accomplishments
- SECURITY HEALTH PLAN OF WISCONSIN, INC. (SHP) PROVIDES A NETWORK FOR PREPAID HEALTH CARE SERVICES TO APPROXIMATELY 225,000 MEMBERS. IN 2024, 35% OF SHP ENROLLMENT WAS FROM EMPLOYER GROUPS AND DIRECT PAY SUBSCRIBERS WITHIN THE HEALTHCARE, MANUFACTURING, GOVERNMENT, AND DAIRY INDUSTRIES; 31% FROM MEDICAID; 2% FROM MEDICARE SUPPLEMENT; 32% WAS FROM MEDICARE ADVANTAGE. SHP ALSO OFFERS ADMINISTRATIVE SERVICES ONLY CONTRACTS (ASO) TO SELF-INSURED GROUPS. SHP OFFERS COMMUNITY RATING FOR MEDICARE SUPPLEMENT MEMBERS PARTICIPATING IN THE MEDICAID HMO. IN ADDITION, SHP OFFERS COVERAGE TO INDIVIDUALS AND LARGE AND SMALL GROUPS, WITH PORTABILITY UPON LEAVING THE GROUP. SHP PARTICIPATES IN MEDICAL RESEARCH, EDUCATION OF OUR MEMBERS, COMMUNITY EDUCATION, CANCER SCREENING TESTS, AND THE MEDICARE ADVANTAGE PROGRAM.Expenses $1,455,108,131 · grants $52,100 · revenue $1,485,578,528
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1572880
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $393,639,553
- Income (IRS master file)
- $1,602,141,289
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,502,964,953 | $1,504,996,026 | $393,639,553 | IRS |
| 990 | December 2023 | $1,438,516,604 | $1,427,562,132 | $403,621,294 | XML |
| 990 | December 2022 | $1,309,605,178 | $1,295,758,976 | $411,409,960 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 39-1572880).
Questions about SECURITY HEALTH PLAN OF WISCONSIN INC
- What is the EIN of SECURITY HEALTH PLAN OF WISCONSIN INC?
- The employer identification number (EIN) of SECURITY HEALTH PLAN OF WISCONSIN INC is 39-1572880.
- Is SECURITY HEALTH PLAN OF WISCONSIN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1989.
- Are donations to SECURITY HEALTH PLAN OF WISCONSIN INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SECURITY HEALTH PLAN OF WISCONSIN INC 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 SECURITY HEALTH PLAN OF WISCONSIN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SECURITY HEALTH PLAN OF WISCONSIN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SECURITY HEALTH PLAN OF WISCONSIN INC?
- The 990 for the year ended December 31, 2024 names BILL GASSEN.
- Who are the officers and directors of SECURITY HEALTH PLAN OF WISCONSIN INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does SECURITY HEALTH PLAN OF WISCONSIN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,502,964,953, expenses of $1,504,996,026 and total assets of $393,639,553 at year end.
Other nonprofits in MARSHFIELD
- MCHS HOSPITALS INC EIN 81-0977948 · last filed 990 for 2024
- MARSHFIELD CLINIC INC EIN 39-0452970 · last filed 990 for 2024
- MARSHFIELD CLINIC HEALTH SYSTEM INC EIN 46-1495343 · last filed 990 for 2024
- LAKEVIEW MEDICAL CENTER INC OF RICE LAKE EIN 39-0837206 · last filed 990 for 2024
- FAMILY HEALTH CENTER OF MARSHFIELD INC EIN 39-1681547 · last filed 990 for 2024
- SANFORD HEALTH FOUNDATION MARSHFIELD CLINIC INC EIN 81-2822823 · last filed 990 for 2024
- MARSHFIELD AREA YMCA INC EIN 39-1557086 · last filed 990 for 2025
- INTERNATIONAL ORDER OF T ROOSEVELT EIN 23-7444819 · last filed 990 for 2023