SECURITY HEALTH PLAN OF WISCONSIN INC

EIN: 391572880

MARSHFIELD, WI

Total Revenue
$1,438,516,604
Total Expenses
$1,427,562,132
Total Assets
$403,621,294
Net Assets
$147,038,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
WI
Principal Officer
KRISTA HOGLUND SHP CEO
Phone
7152219555
Tax Period
2023-01-01 to 2023-12-31

SECURITY HEALTH PLAN OF WISCONSIN INC, founded in 1986, is a large national nonprofit that reported $1.4B in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,418,655,775
Investment Income $15,507,781
Other Revenue $4,353,048
TOTAL REVENUE $1,438,516,604

Expense Breakdown

Grants Paid $45,425
Salaries & Benefits $46,553,038
Fundraising Expenses $0
Program Expenses $1,377,722,891
Other Expenses $1,380,963,669
TOTAL EXPENSES $1,427,562,132

Year-over-Year Comparison

2023 2022 Change
Revenue $1,438,516,604 $1,309,605,178 +0.1%
Expenses $1,427,562,132 $1,295,758,976 +0.1%
Net Income $10,954,472 $13,846,202 -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

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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
3

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
7
$2,552,677
Total Directors
11
$7,855,381
Key Employees
4
$1,266,910
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN TURNEY MD BOARD MEMBER/MCHS CEO - PART YEAR 1.00
Director
$0 $382,007 $3,507,040
ELVIS PETER MD BOARD MEMBER 1.00
Director
$0 $46,401 $902,242
BRIAN HOERNEMAN MD BOARD MEMBER/MCHS INTERIM CEO 1.00
Director
$0 $40,127 $888,868
SAMANTHA KLEBE DO BOARD MEMBER/MCHS CMO 1.00
Director
$0 $29,993 $545,008
EDWARD FERNANDEZ MD BOARD MEMBER - PART YEAR 1.00
Director
$0 $43,230 $579,436
ALPA SHAH MD BOARD MEMBER 1.00
Director
$0 $10,485 $305,373
WILLIAM MELMS MD VICE CHAIR/MCHS CMO - PART YEAR 1.00
Officer Director
$0 $21,091 $1,074,914
MICHAEL LUEBKE CHAIR 1.00
Officer Director
$0 $0 $26,500
MARK BRADLEY SECRETARY 1.00
Officer Director
$0 $0 $13,000
TERRY FRANKLAND TREASURER 1.00
Officer Director
$0 $0 $13,000
MARY JO JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
CATHY BUKOWSKI MCHS CFO - PART YEAR 1.00
Officer
$0 $23,393 $749,233
KRISTA HOGLUND SHP CEO 1.00
Officer
$0 $40,520 $559,466
JEANETTE WOJTALEWICZ INTERIM MCHS CFO 1.00
Officer
$0 $0 $116,564
CHRIS BUEL SHP VP OF FINANCE/CFO 50.00
Key Emp
$314,221 $47,105 $361,326
JENNIFER SHERMO CHIEF GROWTH OFFICER 50.00
Key Emp
$250,529 $33,880 $284,409
DAVID NYMAN CHIEF OPERATING OFFICER 50.00
Key Emp
$273,704 $36,932 $310,636
LISA BOERO CHIEF LEGAL & COMPLIANCE OFFICER 50.00
Key Emp
$299,574 $10,965 $310,539
MICHAEL SAUTEBIN FORMER SHP CHIEF ACTUARY 0.00
$0 $38,223 $246,003
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
2024 No data No data No data No data
2023 $1,438,516,604 $1,427,562,132 $403,621,294 $10,954,472
2022 $1,309,605,178 $1,295,758,976 $411,409,960 $13,846,202
2021 $1,232,241,134 $1,220,421,629 $349,593,409 $11,819,505
2020 $1,284,857,928 $1,192,333,009 $403,336,900 $92,524,919
2019 $1,353,039,176 $1,301,055,788 $430,413,398 $51,983,388
2018 $1,358,332,453 $1,333,035,521 $397,140,210 $25,296,932
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