NonprofitsInsurance Security Fund

Insurance Security Fund

MADISON, WI

Total revenue

$14.9M

Total expenses

$9.6M

Net assets

$41.1M

Grants received

EIN

237365644

Tax year

2024

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 event of liquidation.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$13.7M
Investment income$1.2M
Other revenue
Total revenue$14.9M

Expenses

Grants paid
Salaries & benefits$726K
Fundraising
Other expenses$1.3M
Total expenses$9.6M
Total assets$41.1M
Net assets$41.1M

People

16 listed

NameRoleCompensation

Allan Patek

Executive Director

Board

$235K

40 hrs/wk

Bryce Tolefree Board Member

American Family Insurance, Madison WI

Board

1 hrs/wk

Nathan Houdek Board Member

Commissioner of Insurance, Madison WI

Board

1 hrs/wk

Joseph Decker Board Member

Sirius Point, New York NY

Board

1 hrs/wk

Heather Boyer Board Member

Society Insurance, Fond du Lac, WI

Board

1 hrs/wk

George E Burleton II Board Member

Humana, Green Bay WI

Board

1 hrs/wk

Brian Ollech Board Member

Network Health Plan, Menasha WI

Board

1 hrs/wk

John Wesley Warren Board Member

Northwestern Mutual Life Ins, Milwaukee WI

Board

1 hrs/wk

John Leiber Board Member

WI State Treasurer, Madison WI

Board

1 hrs/wk

Ellie Nieves Board Member

Guardian Life Ins Co, Madison WI

Board

1 hrs/wk

Michael Murphy Board Member

Assistant Attorney General, Madison WI

Board

1 hrs/wk

Dawn Lemke Board Member

Church Mutual Ins, Merrill WI

Board

1 hrs/wk

Christine Senty Board Member

Quartz, Sauk City WI

Board

1 hrs/wk

Michael Tobin Board Member

New York Life Ins Co, New York NY

Board

1 hrs/wk

Raina Zanow Chair

Sentry Insurance, Stevens Point WI

Board

1 hrs/wk

Theresa Wedekind

Associate Director Operations Finance

Staff

$141K

40 hrs/wk

Details

EIN237365644
Subsection06
Ruling date1974-04
Formed1969
Employees7
INSURANCE SECURITY FUND — Mission, Financials & Grants Received | Grantivo