SECURITY HEALTH PLAN OF WISCONSIN INC Charity Report

Public IRS 990 nonprofit record

SECURITY HEALTH PLAN OF WISCONSIN INC

EIN 39-1572880 · Health (General & Financing) (E80)

What they do

SECURITY HEALTH PLANS MISSION is to ENRICH LIVES to HELP CONSUMERS and COMMUNITIES REACH THEIR BEST HEALTH BY ENSURING ACCESS to AFFORDABLE and HIGH QUALITY HEALTH INSURANCE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

96.82%of revenue went to mission work96.7% of expenses · Program services

$100.14spent for every $100 of revenueSpending was higher than revenue this year.

3.32%of revenue went to management and office costs3.3% of expenses

$0.26in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,031,073 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $48,068 for ELVIS PETER MD (SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,502,964,953

Mission workProgram services$1,455,108,13196.82% of revenue96.7% of expenses

ManagementOffice and general costs$49,887,8953.32% of revenue3.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,504,996,026100.14% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 100.14% of revenue

2023Expense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 99.24% of revenue

2022Expense mix: 96.4% mission · 3.6% management · 0.0% fundraisingTotal expenses: 98.94% of revenue

2021Expense mix: 95.9% mission · 4.1% management · 0.0% fundraisingTotal expenses: 99.04% of revenue

2020Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 92.80% of revenue

2019Expense mix: 95.8% mission · 4.2% management · 0.0% fundraisingTotal expenses: 96.16% of revenue

2018Expense mix: 95.6% mission · 4.4% management · 0.0% fundraisingTotal expenses: 98.14% of revenue

2017Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 99.21% of revenue

Money in and money out

Revenue$1,502,964,953

Expenses$1,504,996,026

Annual shortfall $2,031,073 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,455,108,131 · 96.7% of expenses

Management and office costs$49,887,895 · 3.3% of expenses

See all reported dollar amounts

Revenue$1,502,964,953

Expenses$1,504,996,026

Assets$393,639,553

Income$1,602,141,289

Mission work (program services)$1,455,108,131

Grants given$2,535,516

Average grant$40,246

Management and general$49,887,895

Stocks and bonds$264,472,107

Accounting fees$464,409

Investing fees$955,101

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ELVIS PETER MDSECRETARY · 1 hrs/week $48,068Base · Other $48,068

CHRIS BUELSHP VP OF FINANCE/CFO · 50 hrs/week $45,835Base · Other $45,835

KRISTA HOGLUNDSHP CEO · 1 hrs/week $39,714Base · Other $39,714

BRIAN HOERNEMAN MDBOARD MEMBER/MCHS INTERIM CEO · 1 hrs/week $39,013Base · Other $39,013

MATTHEW OELSTROM MDBOARD MEMBER · 1 hrs/week $37,964Base · Other $37,964

MICHAEL SAUTEBINFORMER SHP CHIEF ACTUARY $37,632Base · Other $37,632

DAVID NYMANCHIEF OPERATING OFFICER · 50 hrs/week $36,456Base · Other $36,456

SAMANTHA KLEBE DOBOARD MEMBER/MCHS CMO · 1 hrs/week $36,357Base · Other $36,357

JENNIFER SHERMOCHIEF GROWTH OFFICER · 50 hrs/week $33,677Base · Other $33,677

RENEE SMITHCHIEF MEDICAL OFFICER · 50 hrs/week $26,485Base · Other $26,485

LISA BOEROCHIEF LEGAL/COMPLIANCE (THRU AUG 24) · 50 hrs/week $10,811Base · Other $10,811

ALPA SHAH MDBOARD MEMBER (THRU FEB 2024) · 1 hrs/week $9,460Base · Other $9,460

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

ELVIS PETER MDSECRETARY

CHRIS BUELSHP VP OF FINANCE/CFO

KRISTA HOGLUNDSHP CEO

BRIAN HOERNEMAN MDBOARD MEMBER/MCHS INTERIM CEO

MATTHEW OELSTROM MDBOARD MEMBER

MICHAEL SAUTEBINFORMER SHP CHIEF ACTUARY

DAVID NYMANCHIEF OPERATING OFFICER

SAMANTHA KLEBE DOBOARD MEMBER/MCHS CMO

JENNIFER SHERMOCHIEF GROWTH OFFICER

RENEE SMITHCHIEF MEDICAL OFFICER

LISA BOEROCHIEF LEGAL/COMPLIANCE (THRU AUG 24)

ALPA SHAH MDBOARD MEMBER (THRU FEB 2024)

TOM WENZELVICE CHAIR

TOM EVERTTREASURER

TERRY FRANKLANDCHAIR

MICHAEL LUEBKECHAIR (THRU FEB 2024)

MARY JO JOHNSONBOARD MEMBER

MARK BRADLEYSECRETARY (THRU FEB 2024)

JEANETTE WOJTALEWICZINTERIM MCHS CFO

CATHY BUKOWSKIFORMER MCHS CFO

About this charity

Recognized since: January 1989
Location: PO BOX 8000, MARSHFIELD, WI 54449-8000
County: Wood
In care of: % CATHY BUKOWSKI VP OF FINANC
Primary officer: NICHOLAS OLSON, EVP, CFO

How to reach them

WebsiteVisit the charity’s website Phone(715) 221-9555

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Health (General & Financing) (E80)
IRS tax category: Health (General & Financing)
Grant-giving organization: Yes