PARADIGM INDEMNITY CORPORATION Charity Report

Public IRS 990 nonprofit record

PARADIGM INDEMNITY CORPORATION

EIN 73-1668317 · Mutual & Membership Benefit (Y200)

What they do

PARADIGM INDEMNITY CORPORATION (PIC) is A PURE NON-PROFIT CAPTIVE INSURANCE COMPANY FORMED BY 501(C)(3) PARENT ORGANIZATION SAMARITAN HEALTH SERVICES (SHS). PIC DIRECTLY INSURES for PROFESSIONAL and GENERAL LIABILITY COVERAGE for SHS-RELATED AFFILIATES. PARADIGM INDEMNITY CORPORATION (PIC) is A MEMBER of THE SHS SYSTEM, A REGIONAL NETWORK of HOSPITALS and PHYSICIANS. THE NETWORK, FORMED IN THE LATE 1990S, SERVES APPROXIMATELY 290,000 RESIDENTS IN LINN, BENTON, LINCOLN and PORTIONS of POLK and MARION COUNTIES IN OREGON. IT is LOCALLY OWNED, and ITS BOARDS of DIRECTORS INCLUDE HOSPITAL LEADERS, PHYSICIANS and COMMUNITY REPRESENTATIVES. SHS PROVIDES HEALTHCARE SERVICES REGARDLESS of RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, DISABILITY or AGE. THE MISSION of SHS is "BUILDING HEALTHIER COMMUNITIES TOGETHER." THE COLLECTIVE VISION of THE SHS SYSTEM is to SERVE OUR COMMUNITIES WITH PRIDE (PASSION, RESPECT, INTEGRITY, DEDICATION, and EXCELLENCE).

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.70 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 leaders8 people are listed in the latest report.

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

Money made simple

79.24%of revenue went to mission work91.7% of expenses · Program services

$86.39spent for every $100 of revenueRevenue covered expenses this year.

7.15%of revenue went to management and office costs8.3% of expenses

$5.25in 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.

Pay context: The highest compensation shown in this filing is $71,010 for DOUGLAS BOYSEN (BOARD CHAIR / CEO SHS). 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$13,222,332

Mission workProgram services$10,476,75379.24% of revenue91.7% of expenses

ManagementOffice and general costs$945,8497.15% of revenue8.3% of expenses

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

Revenue left after expensesReported annual surplus$1,799,73013.61% of revenueShown in gray on the chart

Total expenses$11,422,60286.39% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 86.39% of revenue

2023Expense mix: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 80.11% of revenue

2022Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 27.83% of revenue

2021Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 65.81% of revenue

2020Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 65.39% of revenue

2019Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 55.05% of revenue

2018Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 61.09% of revenue

2017Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 84.50% of revenue

Money in and money out

Revenue$13,222,332

Expenses$11,422,602

Annual surplus $1,799,730 Revenue was higher than expenses 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)$10,476,753 · 91.7% of expenses

Management and office costs$945,849 · 8.3% of expenses

See all reported dollar amounts

Revenue$13,222,332

Expenses$11,422,602

Assets$60,015,158

Income$21,623,051

Mission work (program services)$10,476,753

Management and general$945,849

Stocks and bonds$40,498,664

Accounting fees$45,500

Investing fees$173,398

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

DOUGLAS BOYSENBOARD CHAIR / CEO SHS · 1 hrs/week $71,010Base · Other $71,010

KELLEY KAISERBOARD MEMBER / SVP CAO SHS · 1 hrs/week $70,133Base · Other $70,133

DANIEL SMITHTREASURER / SVP CFO SHS · 1 hrs/week $66,116Base · Other $66,116

ROBERT TURNGREN MDBRD MBR / SVP CHIEF PHYS EXEC · 1 hrs/week $66,045Base · Other $66,045

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 (8)

DOUGLAS BOYSENBOARD CHAIR / CEO SHS

KELLEY KAISERBOARD MEMBER / SVP CAO SHS

DANIEL SMITHTREASURER / SVP CFO SHS

ROBERT TURNGREN MDBRD MBR / SVP CHIEF PHYS EXEC

DAVID TRIEBESBOARD MEMBER

NANCY SEIFERT PHDBOARD MEMBER

RALPH BREITENSTEIN MDBOARD MEMBER

RANDY SPRINGERBRD VICE CHAIR & SECRETARY

About this charity

Recognized since: January 2005
Location: CO SHS ACCOUNTING PO BOX 3000, CORVALLIS, OR 973393000
County: Benton
In care of: DANIEL B SMITH
Primary officer: DANIEL B SMITH, SVP / CFO

How to reach them

Phone(541) 768-4857

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Mutual & Membership Benefit (Y200)