ACADEMIC PARTNERS INSURANCE COMPANY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JEROME HOUIZOT

Phone

8028645599

Tax Period

2024-07-01 to 2025-06-30

ACADEMIC PARTNERS INSURANCE COMPANY, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $31.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.7M, a strong 18% operating margin.

Mission

THE COMPANY IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE UNIVERSITY OF OKLAHOMA'S & ITS AFFILIATED ENTITIES ACADEMIC, EDUCATIONAL, RESEARCH, CLINICAL CARE, AND INDIGENT CARE MISSIONS. ACCORDINGLY, ITS SERVICES ARE LIMITED TO PROVIDING PROFESSIONAL, GENERAL, AND OTHER INSURANCE COVERAGE AND RELATED SERVICES TO THE UNIVERSITY AND ITS AFFILIATES.

Program Service Accomplishments

Program 1

Expenses: $25,600,320 Revenue: $27,033,431

ACADEMIC PARTNERS INSURANCE COMPANY PROVIDES COVERAGE TO MEDICAL PROFESSIONALS AND RELATED HOSPITAL ENTITIES OF THE UNIVERSITY OF OKLAHOMA, A TAX-EXEMPT ORGANIZATION. THE INSURANCE COVERAGES PROVIDED ASSIST THE UNIVERSITY AND HOSPITAL SYSTEM IN STABILIZING THEIR INSURANCE COSTS. THE UNIVERSITY OF OKLAHOMA IS OKLAHOMA'S PREMIER HIGHER EDUCATION INSTITUTION, AND WITH ITS RELATED HOSPITAL PARTNER, SERVES THE EDUCATIONAL AND HEALTH CARE NEEDS OF THE STATE AND SURROUNDING REGIONS. ACADEMIC PARTNERS INSURANCE COMPANY PROVIDES COVERAGE RELATED TO LIABILITY OF FACULTY PHYSICIANS, RESIDENT PHYSICIANS, MID-LEVELS AND STUDENTS, AS WELL AS A LARGE ACADEMIC HOSPITAL SYSTEM. COSTS ASSOCIATED WITH PROVIDING INSURANCE COVERAGES ARE IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSE OF SUPPORTING THE UNIVERSITY OF OKLAHOMA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,033,431

Investment Income $4,730,594

Other Revenue $0

TOTAL REVENUE $31,764,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,600,320

Other Expenses $26,083,593

TOTAL EXPENSES $26,083,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,764,025	$25,235,857	+0.3%
Expenses	$26,083,593	$20,566,139	+0.3%
Net Income	$5,680,432	$4,669,718	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,493,511

Total Directors

$3,363,812

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M WATSON	DIRECTOR	1.0	Officer Director	$0	$71,734	$1,131,870
MICHAEL S COOKSON	MANAGING DIRECTOR	1.0	Officer Director	$0	$67,900	$1,022,783
PAUL NEIMEYER	DIRECTOR	1.0	Director	$0	$53,500	$627,712
CAROLYN KLOEK	DIRECTOR	1.0	Director	$0	$46,000	$581,447
JEROME HOUIZOT	TREASURER	1.0	Officer	$0	$58,704	$338,858
ANNIKA PREISS	SECRETARY (UNTIL EARLY 2025)	1.0	Officer Director	$0	$0	$0
DIANE HANSON	SECRETARY (AS OF EARLY 2025)	1.0	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$31,764,025	$26,083,593	$114,343,268	$5,680,432
2024	No data	No data	No data	No data
2023	$15,276,025	$20,765,629	$74,548,187	$-5,489,604
2022	$17,508,656	$13,350,653	$67,974,959	$4,158,003
2021	$24,573,399	$14,363,331	$81,982,232	$10,210,068
2020	$17,204,085	$9,987,789	$70,485,157	$7,216,296
2019	$14,699,597	$12,837,146	$62,110,236	$1,862,451
2018	$13,963,904	$13,272,634	$70,480,630	$691,270