Security Health Plan Of Wisconsin Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391572880 ✦ Marshfield, WI ✦ Designated as a 501(c)(4)

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Overview

What is Security Health Plan Of Wisconsin Inc?

Security Health Plan of Wisconsin Inc, headquartered in Marshfield, Wisconsin, is a nonprofit health insurance provider. With approximately 230,000 members, it offers a network for prepaid healthcare services in various industries, including healthcare, manufacturing, government, and dairy. In 2022, about 29% of enrollment came from employer groups and direct pay subscribers, while 38% was from Medicaid, and 31% from Medicare Advantage. The organization also provides administrative services only contracts to self-insured groups. Security Health Plan offers community rating for Medicare Supplement members participating in the Medicaid HMO, coverage for individuals, as well as large and small groups. Members can maintain their coverage upon leaving their group. The mission of Security Health Plan is to enrich lives and help consumers and communities reach their best health by ensuring access to affordable and high-quality health insurance. They also participate in medical research, education, community education, cancer screening tests, and the Medicare Advantage program.


Official website here: www.securityhealth.org

What are the reviews and ratings of this charity?

Security Health Plan Of Wisconsin Inc is currently not rated by Charity Navigator. This absence of a rating does not inherently suggest a negative or positive evaluation. Instead, it indicates that the organization has not gone through the evaluation process as it does not meet certain criteria required by Charity Navigator, such as being a 501(c)(3) IRS registered nonprofit.

Due to its status as a non-501(c)(3) organization, Security Health Plan Of Wisconsin Inc cannot be evaluated using the Accountability & Finance or Impact & Measurement methodologies generally applied by Charity Navigator. Additionally, it lacks available data on revenue, expenses, and executive salaries, likely due to it not filing electronically with the IRS recently. These factors limit the transparency typically provided through such evaluations.

The organization operates as an independent entity, separate from the traditional nonprofit sector evaluations. Without user reviews from other sources like GreatNonprofits, there is limited public feedback available. Consequently, the organizational effectiveness and community impact remain largely undocumented in publicly accessible forums.


This AI summary has been generated from information found on Charity Navigator.

Is Security Health Plan Of Wisconsin Inc legitimate?

Security Health Plan Of Wisconsin Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Security Health Plan Of Wisconsin Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $700,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,159,789

For more financial information, click here


Official website here: www.securityhealth.org

What is the mission statement of Security Health Plan Of Wisconsin Inc?

Security Health Plan of Wisconsin Inc is dedicated to enhancing lives by ensuring access to affordable and top-notch health insurance, thus enabling consumers and communities to attain their optimal health. With approximately 230,000 members, the organization caters to various sectors, including employer groups, Medicaid, Medicare Supplement, Medicare Advantage, and self-insured groups. Through its extensive network, it offers coverage to individuals and groups, ensuring portability upon leaving. In addition to providing health insurance services, Security Health Plan engages in medical research, member education, community education, cancer screening tests, and the Medicare Advantage Program.


Official website here: www.securityhealth.org

Who is the CEO of Security Health Plan Of Wisconsin Inc?

Krista Hoglund Shp is the Shp Ceo of Security Health Plan Of Wisconsin Inc. The CEO's salary of Security Health Plan Of Wisconsin Inc is $0 and their total compensation is $509,916.


Official website here: www.securityhealth.org

What is the revenue of Security Health Plan Of Wisconsin Inc?

Security Health Plan Of Wisconsin Inc's revenue in 2022 was $1,309,605,178.


Official website here: www.securityhealth.org

Who are the executives of Security Health Plan Of Wisconsin Inc and what are their salaries?

There 3 volunteers at Security Health Plan Of Wisconsin Inc.


Here are 15 key members and their salaries (Security Health Plan Of Wisconsin Inc's CEO's salary is $0 and their total compensation is $509,916):


Susan Turney Md (Board Member/Mchs Ceo)
  • Compensation: $0
  • Related: $3,048,492
  • Other: $315,344
Edward Fernandez Md (Board Member)
  • Compensation: $0
  • Related: $521,898
  • Other: $54,965
Alpa Shah Md (Board Member)
  • Compensation: $0
  • Related: $271,028
  • Other: $20,900
Michael Luebke (Chair)
  • Compensation: $0
  • Related: $21,000
  • Other: $0
Terry Frankland (Treasurer)
  • Compensation: $0
  • Related: $12,500
  • Other: $0
Mark Bradley (Secretary)
  • Compensation: $0
  • Related: $9,500
  • Other: $0
Mary Jo Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Melms Md (Vice Chair/Mchs Cso)
  • Compensation: $0
  • Related: $829,413
  • Other: $57,055
Gordon Edwards (Mchs & Shp Cfo - Part Year)
  • Compensation: $0
  • Related: $829,645
  • Other: $31,752
Krista Hoglund (Shp Ceo)
  • Compensation: $0
  • Related: $457,822
  • Other: $52,094
Jerard Jensen (Mchs General Counsel)
  • Compensation: $0
  • Related: $1,058,880
  • Other: $65,255
Jennifer Hockin (Chief Operating Officer - Part Year)
  • Compensation: $162,224
  • Related: $0
  • Other: $361
Jennifer Shermo (Chief Growth Officer)
  • Compensation: $214,885
  • Related: $0
  • Other: $43,264
David Nyman (Chief Operating Officer)
  • Compensation: $234,927
  • Related: $0
  • Other: $45,229
Michael Sautebin (Former Shp Chief Actuary)
  • Compensation: $0
  • Related: $220,840
  • Other: $45,119


Official website here: www.securityhealth.org

Where can I find the form 990 for Security Health Plan Of Wisconsin Inc?

Security Health Plan Of Wisconsin Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.securityhealth.org

Learn more at the official website: www.securityhealth.org

Mission Statement of Security Health Plan Of Wisconsin Inc

Security Health Plan of Wisconsin, Inc. (SHP) is a mission-driven organization dedicated to enriching lives and helping consumers and communities reach their best health by ensuring access to affordable and high-quality health insurance. The Wisconsin-based health plan provides a network for prepaid healthcare services to approximately 230,000 members.

The organization caters to a diverse range of enrollees, with a significant portion coming from employer groups and direct pay subscribers in the healthcare, manufacturing, government, and dairy industries, accounting for 29% of the enrollment. Another substantial portion consists of Medicaid beneficiaries, representing 38% of the total membership. SHP offers administrative services only contracts to self-insured groups, as well as coverage to individuals and large and small groups, ensuring portability upon leaving the group.

SHP's commitment to its mission extends beyond its membership base. The organization participates in medical research and education, engaging its members in various health-related initiatives. Community education is a priority, with SHP promoting cancer screening tests and supporting the Medicare Advantage program. By offering a comprehensive range of services, SHP aims to improve the overall health and wellbeing of its members and the communities it serves.

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Impact




October, 2024

Security Health Plan of Wisconsin Inc (SHP) significantly impacts the health and well-being of its community by providing essential access to affordable and high-quality health insurance. Serving around 230,000 members, SHP plays a critical role in ensuring that individuals and families can obtain necessary healthcare services, which directly contributes to improved health outcomes.

With a diverse membership base, SHP delivers tailored health plans to various sectors, including healthcare, manufacturing, government, and dairy industries. By offering community rating for Medicare supplement members and administrative services for self-insured groups, SHP enhances accessibility to healthcare coverage for a wide range of individuals, regardless of their financial situation.

Moreover, SHP is deeply invested in the community, engaging in medical research, education initiatives, and cancer screening programs. These efforts not only promote awareness and prevention but also empower members with the knowledge and resources to make informed healthcare decisions. The organization’s comprehensive approach helps reduce barriers to healthcare, fostering healthier communities across Wisconsin.




This information is meant to be a general summary of Security Health Plan Of Wisconsin Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,309,605,178 (2022)
Expenses
$1,295,758,976 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,783,386
  • Program Service Revenue: $1,298,672,749
  • Gross Receipts: $1,418,610,343

Assets and Liabilities:

  • Total Assets: $411,409,960
  • Total Liabilities: $253,005,199
  • Net Assets: $158,404,761

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PREPAID HEALTH FEES

Revenue

$1,298,672,749

Organization Details

Founding Year

1986

Principal Officer

Krista Hoglund Shp

Main Address

PO BOX 8000, MARSHFIELD, WI, 544498000

NTEE Category

Code: E83 - Health

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