Civic Intelligence

Insurance Security Fund

990 • Fiscal year 2021 • EIN 23-7365644

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

Organization Profilewilifega.org

View Organization Page

2820 Walton Commons Lane APT 135Madison, WI 53718

(608) 242-9473

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

12th percentile

$186,128

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Asset Growth

10th percentile

-4.9%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

57%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$29,675,597

Down $1,529,663 (-4.9%) from 2020

Net Assets

Down

$29,675,597

Down $1,529,663 (-4.9%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin6th percentile

Revenue

Up

$2,997,173

Up $1,092,651 (+57%) from 2020

Expenses

Up

$4,542,895

Up $1,107,365 (+32%) from 2020

Net Income

Down

-$1,545,722

Down $14,714 (-1.0%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $31,146,274Liabilities 2010: $0Net Assets 2010: $31,146,2742010Assets 2011: $33,407,252Liabilities 2011: $0Net Assets 2011: $33,407,2522011Assets 2020: $31,205,260Liabilities 2020: $0Net Assets 2020: $31,205,2602020Assets 2021: $29,675,597Liabilities 2021: $0Net Assets 2021: $29,675,5972021Assets 2022: $37,173,342Liabilities 2022: $0Net Assets 2022: $37,173,3422022Assets 2023: $35,776,005Liabilities 2023: $0Net Assets 2023: $35,776,0052023Assets 2024: $41,060,426Liabilities 2024: $0Net Assets 2024: $41,060,4262024

Highlighted filing

2021

Assets$29,675,597
Liabilities$0
Net Assets$29,675,597
Open 2021 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,285,6222010Expenses 2011: $5,937,7482011Revenue 2020: $1,904,522Expenses 2020: $3,435,530Net Income 2020: -$1,531,0082020Revenue 2021: $2,997,173Expenses 2021: $4,542,895Net Income 2021: -$1,545,7222021Revenue 2022: $11,161,713Expenses 2022: $3,674,439Net Income 2022: $7,487,2742022Revenue 2023: $2,808,132Expenses 2023: $4,209,454Net Income 2023: -$1,401,3222023Revenue 2024: $14,919,723Expenses 2024: $9,636,269Net Income 2024: $5,283,4542024

Highlighted filing

2021

Revenue$2,997,173
Expenses$4,542,895
Net Income-$1,545,722
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.2
Gross Receipts
$2,997,173
Mission and Program Overview

Mission

The Insurance Security Fund has one mission, accomplished through one program to maintain public confidence in the promises of insurers by providing a mechanism for protecting insureds from loss in the event of liquidation of insurers and to provide continuation of protection under insurance policies as specified by Wisconsin State Statutes.

The Insurance Security Fund has one mission, accomplished through one program to maintain public confidence in the promises of insurers by providing a mechanism for protecting insureds from loss in the event of liquidati

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$31,205,260$29,675,597▼ $1,529,663
Investments Program Related$26,520,550$26,741,244▲ $220,694
Savings and Temporary Cash Investments$4,684,710$2,934,353▼ $1,750,357
Total Assets$31,205,260$29,675,597▼ $1,529,663
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,205,260$29,675,597▼ $1,529,663
Total Liabilities and Net Assets / Fund Balance$31,205,260$29,675,597▼ $1,529,663

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$993,939--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allan PatekExecutive DirectorFT$185,400$51,630$237,030
Theresa WedekindAssociate Director Operations FinanceFT$117,750-$117,750

Board Members and Trustees

NameTitle
Scott Seymour Board MemberAmerican Family Insurance, Madison WI
Gwendolyn Cooley Board MemberAssistant Attorney General, Madison WI
Dawn Lemke Board MemberChurch Mutual Ins, Merrill WI
Mark Afable Board MemberCommissioner of Insurance, Madison WI
Peter Farrow Board MemberGroup Health Cooperative, Eau Claire WI
George E Burleton II Board MemberHumana, Green Bay WI
Michael Tobin Board MemberNew York Life Ins Co, New York NY
James C Frasher Board MemberNorthwestern Mutual Life Ins, Milwaukee WI
Jennifer Vernon ChairQBE, Sun Prairie WI
Christine Senly Board MemberQuartz, Sauk City WI
Raina Zanow Board MemberSentry Insurance, Stevens Point WI
Heather Boyer Board MemberSociety Insurance, Fond du Lac, WI
Sara Godlewski Board MemberWI State Treasurer, Madison WI
Sharon Hartung Board MemberWPS, Madison WI
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,698,059
Investment Income
$299,114
Other Revenue
$0
Change in Net Assets
$-1,545,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,997,173
Total Revenue per Audited Statements
$2,997,173
Total Revenue per Form 990
$2,997,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$839,647
Salaries, Compensation, and Employee Benefits$615,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,087,404
Other Expenses---$304,884
Current Officers, Directors, Trustees, and Key Employees---$303,878
Information Technology---$224,731
Other Salaries and Wages---$149,122
Other Employee Benefits---$69,324
Pension Plan Contributions---$62,385
Office Expenses---$58,234
Occupancy---$39,768
Payroll Taxes---$31,135
Fees for Services Legal---$28,158
Fees for Services Accounting---$21,437
Conferences and Meetings---$4,785
Total Functional Expenses$0$0$0$4,542,895

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,542,895
Total Expenses per Audited Statements$4,542,895
Total Expenses per Form 990$4,542,895
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

“Key components of the Form 990 were discussed with the Board of Directors at the quarterly board meetings. 2021 Form 990 was provided and reviewed by the Board at its March 31, 2022 meeting.”

Form 990, Part VI, Section B, Line 15 A-B

“The Board of Directors appoints an Administrative Committee that oversees operations and considers reviews and makes compensation recommendations to the Board of Directors for their approval.”

Form 990, Part VI, Section C, Line 19

“The Insurance Security Fund was created by Chapter 646 Wisconsin Statuted, which serves as the governing document, and includes the scope, purpose of the Fund, and provides definitions and operational direction for the Funds management. Financial statements are available to the public as required by the statute and posted to a publicly accessible website. Annual notice of the publication of the financial statements is provided to the member insurers, as defined by the statute.”

Filing and Contact Details

Filer

Filer Name
Insurance Security Fund
EIN
23-7365644
Phone
6082429473
Address
2820 Walton Commons Lane APT 135, Madison, WI 53718
Doing Business As
Wisconsin Insurance Security Fund

Signing Officer

Name
Allan Patek
Title
Executive Director
Phone
6082429473
Signed
2022-05-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Allan Patek
Formed
1969
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
9

Preparer

Firm
Strohm Ballweg LLP
Address
9701 Brader Way Suite 301, Middleton, WI 53562
Preparer
Thomas W Dawson
Phone
6088210600
Raw XML AppendixShowing 400 of 405 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Insurance Security Fund has one mission, accomplished through one program to maintain public confidence in the promises of insurers by providing a mechanism for protecting insureds from loss in the event of liquidati
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt03087404
IRS990/BooksInCareOfDetail/PersonNm0Allan Patek
IRS990/BooksInCareOfDetail/PhoneNum06082429473
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02820 Walton Commons Ln 135
IRS990/BooksInCareOfDetail/USAddress/CityNm0Madison
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053718
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0303878
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt04785
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt03087404
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0299114
IRS990/CYOtherExpensesAmt0839647
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02698059
IRS990/CYRevenuesLessExpensesAmt0-1545722
IRS990/CYSalariesCompEmpBnftPaidAmt0615844
IRS990/CYTotalExpensesAmt04542895
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02997173
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Insurance Security Fund has accomplished paying claims for policyholders through one program protecting insureds from loss in the event of liquidation of insurers and continues to provide protection under insurance policies as specified by Wisconsin State Statutes.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Wisconsin Insurance Security Fund
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt021437
IRS990/FeesForServicesLegalGrp/TotalAmt028158
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Allan Patek
IRS990/Form990PartVIISectionAGrp/PersonNm1Theresa Wedekind
IRS990/Form990PartVIISectionAGrp/PersonNm2Scott Seymour Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark Afable Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm4Jennifer Vernon Chair
IRS990/Form990PartVIISectionAGrp/PersonNm5Heather Boyer Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm6George E Burleton II Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm7Peter Farrow Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm8James C Frasher Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm9Sara Godlewski Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm10Sharon Hartung Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm11Gwendolyn Cooley Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm12Dawn Lemke Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm13Christine Senly Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm14Michael Tobin Board Member
IRS990/Form990PartVIISectionAGrp/PersonNm15Raina Zanow Board Member
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0186128
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1117750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Associate Director Operations Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt2American Family Insurance, Madison WI
IRS990/Form990PartVIISectionAGrp/TitleTxt3Commissioner of Insurance, Madison WI
IRS990/Form990PartVIISectionAGrp/TitleTxt4QBE, Sun Prairie WI
IRS990/Form990PartVIISectionAGrp/TitleTxt5Society Insurance, Fond du Lac, WI
IRS990/Form990PartVIISectionAGrp/TitleTxt6Humana, Green Bay WI
IRS990/Form990PartVIISectionAGrp/TitleTxt7Group Health Cooperative, Eau Claire WI
IRS990/Form990PartVIISectionAGrp/TitleTxt8Northwestern Mutual Life Ins, Milwaukee WI
IRS990/Form990PartVIISectionAGrp/TitleTxt9WI State Treasurer, Madison WI
IRS990/Form990PartVIISectionAGrp/TitleTxt10WPS, Madison WI
IRS990/Form990PartVIISectionAGrp/TitleTxt11Assistant Attorney General, Madison WI
IRS990/Form990PartVIISectionAGrp/TitleTxt12Church Mutual Ins, Merrill WI
IRS990/Form990PartVIISectionAGrp/TitleTxt13Quartz, Sauk City WI
IRS990/Form990PartVIISectionAGrp/TitleTxt14New York Life Ins Co, New York NY
IRS990/Form990PartVIISectionAGrp/TitleTxt15Sentry Insurance, Stevens Point WI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01969
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02997173
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0224731
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0299114
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0299114
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt026520550
IRS990/InvestmentsProgramRelatedGrp/EOYAmt026741244
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt0106
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Insurance Security Fund has one mission, accomplished through one program to maintain public confidence in the promises of insurers by providing a mechanism for protecting insureds from loss in the event of liquidation of insurers and to provide continuation of protection under insurance policies as specified by Wisconsin State Statutes.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt031205260
IRS990/NetAssetsOrFundBalancesEOYAmt029675597
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt039768
IRS990/OfficeExpensesGrp/TotalAmt058234
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069324
IRS990/OtherExpensesGrp/Desc0Association Dues
IRS990/OtherExpensesGrp/Desc1Liquidation Accounts Operating Expenses
IRS990/OtherExpensesGrp/TotalAmt0157650
IRS990/OtherExpensesGrp/TotalAmt1304884
IRS990/OtherSalariesAndWagesGrp/TotalAmt0149122
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt031135
IRS990/PensionPlanContributionsGrp/TotalAmt062385
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Allan Patek
IRS990/PriorPeriodAdjustmentsAmt016059
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0Liquidation Distributions
IRS990/ProgramServiceRevenueGrp/Desc1Premium
IRS990/ProgramServiceRevenueGrp/Desc2Administrative Assessment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01672527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1553382
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2472150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01672527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1553382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2472150
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02228876
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0532069
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0642165
IRS990/PYProgramServiceRevenueAmt01372453
IRS990/PYRevenuesLessExpensesAmt0-1531008
IRS990/PYSalariesCompEmpBnftPaidAmt0564489
IRS990/PYTotalExpensesAmt03435530
IRS990/PYTotalRevenueAmt01904522
IRS990/ReconcilationRevenueExpnssAmt0-1545722
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031205260
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029675597
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04684710
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02934353
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04542895
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt019237132
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11057948
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt23921363
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31530862
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4993939
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Certificate of Deposits
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Municipals
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Treasuries
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Agency Notes
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Bond Fund
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02997173
IRS990ScheduleD/TotalBookValueProgramRltdAmt026741244
IRS990ScheduleD/TotalExpensesPerForm990Amt04542895
IRS990ScheduleD/TotalRevenuePerForm990Amt02997173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02997173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04542895
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount011000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt022586
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018044
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Allan Patek
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0237030
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Key components of the Form 990 were discussed with the Board of Directors at the quarterly board meetings. 2021 Form 990 was provided and reviewed by the Board at its March 31, 2022 meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors appoints an Administrative Committee that oversees operations and considers reviews and makes compensation recommendations to the Board of Directors for their approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Insurance Security Fund was created by Chapter 646 Wisconsin Statuted, which serves as the governing document, and includes the scope, purpose of the Fund, and provides definitions and operational direction for the Funds management. Financial statements are available to the public as required by the statute and posted to a publicly accessible website. Annual notice of the publication of the financial statements is provided to the member insurers, as defined by the statute.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15 A-B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt031205260
IRS990/TotalAssetsEOYAmt029675597
IRS990/TotalAssetsGrp/BOYAmt031205260
IRS990/TotalAssetsGrp/EOYAmt029675597
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt04542895
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031205260
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029675597
IRS990/TotalProgramServiceRevenueAmt02698059
IRS990/TotalReportableCompFromOrgAmt0303878
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02997173
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02997173
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt031205260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029675597
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt02820 Walton Commons Ln 135
IRS990/USAddress/CityNm0Madison
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053718
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0wilifega.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Allan Patek
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06082429473
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Insurance Security Fund
ReturnHeader/Filer/BusinessNameControlTxt0INSU
ReturnHeader/Filer/EIN0237365644
ReturnHeader/Filer/PhoneNum06082429473
ReturnHeader/Filer/USAddress/AddressLine1Txt02820 Walton Commons Lane APT 135
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053718
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391969986
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Strohm Ballweg LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09701 Brader Way Suite 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Middleton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053562
ReturnHeader/PreparerPersonGrp/PhoneNum06088210600
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas W Dawson
ReturnHeader/ReturnTs02022-05-03T03:54:23-00:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,675,597
Liabilities
$0
Net assets
$29,675,597
Revenue
$2,997,173
Expenses
$4,542,895
Net income
-$1,545,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.1$0.00$41.1$14.9$9.64$5.28
2023Detailed filing. Detailed filing data is available for this year.$35.8$0.00$35.8$2.81$4.21$1.40
2022Detailed filing. Detailed filing data is available for this year.$37.2$0.00$37.2$11.2$3.67$7.49
2021Detailed filing. Detailed filing data is available for this year.$29.7$0.00$29.7$3.00$4.54$1.55
2020Detailed filing. Detailed filing data is available for this year.$31.2$0.00$31.2$1.90$3.44$1.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$0.00$33.4$5.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$0.00$31.1$5.29