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Academic Physicians Insurancecompany

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Management & Technical Assistance (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$15.3M (2023)

Expenses
$20.8M (2023)

Total Assets
$74.5M (2023)

Total Liabilities
$60.7M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,276,025
Expenses
$20,765,629
Net Income
-$5,489,604
Net Assets
$13,846,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,455,624
94.6%
Investment Income $1,180,720
7.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$360,319
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,548,187
Total Liabilities $60,701,263
Net Assets $13,846,924
Compensation
Key Employees and Officers Compensation Related Other
Ian Fdunn (Director) $0 $261,109 $23,541
Michael Scookson (President) $0 $387,074 $99,975
James Mwatson (Director) $0 $0 $0
John Pzubialde (Director) $0 $539,938 $130,845
Karl Rhansen (Chairman) $0 $267,298 $91,823
Ondria Cgleason (Director) $0 $430,304 $92,829
Keri Sconner (Director) $0 $119,753 $10,725
Joan Mhussey (Secretary) $0 $0 $0
Richard Plofgren (Director) $0 $0 $0
Dale Bratzlermd (Director As Of 2/9/23) $0 $326,130 $30,832
Amy Middleman Md (Director Through 1/31/23) $0 $81,624 $60,750

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,508,656
Expenses
$13,350,653
Net Income
$4,158,003
Net Assets
$18,346,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,158,184
98.0%
Investment Income $891,122
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$541,486
Net Inventory Sales $0
Other Revenue $836
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $67,974,959
Total Liabilities $49,628,666
Net Assets $18,346,293
Compensation
Key Employees and Officers Compensation Related Other
David C Teague (Chairman Thru Dec 2021) $0 $687,605 $84,297
Joan M Hussey (Secretary) $0 $0 $0
Karl R Hansen (Chairman) $0 $542,634 $88,686
Marcy Waterfall (Secretary Thru March 2022) $0 $0 $0
Michael S Cookson (President) $0 $894,469 $100,083
Charles L Spicer (Director Thru July 2021) $0 $842,773 $22,365
Harold M Burkhart (Director Thru March 2022) $0 $1,686,275 $72,261
Ian F Dunn (Director) $0 $1,320,675 $68,631
James M Watson (Director) $0 $742,170 $19,510
John P Zubialde (Director) $0 $571,110 $118,441
Keri S Conner (Director) $0 $473,849 $65,599
Ondria C Gleason (Director) $0 $485,785 $98,297
Richard P Lofgren (Director) $0 $0 $0
Christy Hendricks (Ou Health Chief Legal Officer) $0 $401,473 $26,808
Heather P Mcclure (Vice President & Chief Legal Officer Thru Dec 2021) $0 $172,944 $12,883

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,573,399
Expenses
$14,363,331
Net Income
$10,210,068
Net Assets
$32,414,243
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,013,462
73.3%
Investment Income $1,556,662
6.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,003,275
20.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,982,232
Total Liabilities $49,567,989
Net Assets $32,414,243
Compensation
Key Employees and Officers Compensation Related Other
David Teague (Board Chairman) $0 $612,436 $95,775
Kenneth D Rowe (President) $0 $406,269 $83,265
Marcy Waterfall (Secretary & Director) $0 $0 $0
Amy Middleman (Director) $0 $252,515 $70,572
Cameron Mantor (Ou Health Partners Chief Physician) $0 $729,996 $90,851
Charles Spicer (Director) $0 $1,143,156 $0
James Watson (Director) $0 $881,970 $19,500
John Zubialde (Director) $0 $570,337 $133,851
Karl Hansen (Director) $0 $518,115 $91,840
Keri Conner (Director) $0 $410,604 $75,665
Michael Cookson (Director) $0 $867,348 $111,545
Ondria C Gleason Md (Director) $0 $480,775 $107,637
Heather Mcclure (Vice President & Chief Legal Officer) $0 $365,727 $49,167

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,204,085
Expenses
$9,987,789
Net Income
$7,216,296
Net Assets
$26,312,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,627,049
90.8%
Investment Income $1,563,913
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,123
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,485,157
Total Liabilities $44,172,545
Net Assets $26,312,612
Compensation
Key Employees and Officers Compensation Related Other
Heather Mcclure (Vice President & Chief Legal Officer) $10,000 $322,534 $46,068
David Teague (Board Chairman) $0 $601,743 $93,181
Kenneth D Rowe (President) $0 $450,152 $93,332
Marcy Waterfall (Secretary & Director) $0 $0 $0
Amy Middleman (Director) $0 $251,217 $68,419
Charles Spicer (Director) $0 $861,706 $37,039
James Watson (Director) $0 $667,827 $37,205
John Zubialde (Director) $0 $471,599 $122,262
Karl Hansen (Director) $0 $517,901 $88,757
Keri Conner (Director) $0 $408,583 $73,573
Michael Cookson (Director) $0 $875,433 $110,090
Ondria C Gleason Md (Director) $0 $464,013 $104,724

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,699,597
Expenses
$12,837,146
Net Income
$1,862,451
Net Assets
$20,483,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,127,993
89.3%
Investment Income $1,590,710
10.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$19,106
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $62,110,236
Total Liabilities $41,626,692
Net Assets $20,483,544
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Heather Mcclure (Vice President & Chief Legal Officer) $10,000 $333,174 $46,368
Marcy Waterfall (Secretary & Director) $0 $0 $0
David Teague (Board Chairman) $0 $620,379 $91,974
Kenneth D Rowe (President (As Of May 2018)) $0 $449,531 $75,550
Russell Postier Md (Director (Until July 2018)) $0 $370,247 $42,429
Michael Cookson (Director) $0 $866,948 $107,772
Ondria C Gleason Md (Director) $0 $507,715 $103,043
Karl Hansen (Director) $0 $495,628 $87,396
Charles Spicer (Director) $0 $1,021,627 $15,553
James Watson (Director) $0 $668,398 $21,890
Jesus Medina (Director (Until April 2019)) $0 $478,708 $0
Keri Conner (Director (As Of July 2018)) $0 $395,807 $72,387
Amy Middleman (Director (As Of April 2019)) $0 $246,103 $66,920
John Zubialde (Director (As Of July 2018)) $0 $332,438 $99,561

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,963,904
Expenses
$13,272,634
Net Income
$691,270
Net Assets
$16,413,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,225,309
80.4%
Investment Income $1,394,049
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,344,546
9.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,480,630
Total Liabilities $54,066,693
Net Assets $16,413,937
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Heather Mcclure (Chief Operating Officer) $15,000 $230,619 $30,287
Brian L Maddy (President & Director) $0 $396,626 $78,926
David Teague (Board Chairman) $0 $535,731 $98,617
Marcy Waterfall (Secretary & Director) $0 $0 $0
Russell Postier Md (Director) $0 $537,948 $100,330
Kenneth D Rowe (Director) $0 $346,638 $73,195
Michael Cookson (Director) $0 $840,037 $107,842
Ondria C Gleason Md (Director) $0 $466,601 $100,329
Karl Hansen (Director) $0 $448,885 $86,235
Lynn Mitchell Md (Director) $0 $322,130 $57,156
Charles Spicer (Director) $0 $1,423,720 $25,382
James Watson (Director) $0 $475,000 $0
Jesus Medina (Director) $0 $130,979 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,985,688
Expenses
$12,050,208
Net Income
-$1,064,520
Net Assets
$23,542,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,093,900
82.8%
Investment Income $1,429,486
13.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $462,302
4.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $53,349,408
Total Liabilities $29,806,636
Net Assets $23,542,772
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Heather Mcclure (Chief Operating Officer) $45,000 $306,773 $38,507
Brian L Maddy (President & Director) $0 $385,957 $79,693
Marcy Waterfall (Secretary & Director) $0 $0 $0
David Teague (Board Chairman) $0 $610,329 $93,814
Kenneth D Rowe (Director) $0 $286,256 $67,174
Ondria C Gleason Md (Director) $0 $434,816 $94,230
Lynn Mitchell Md (Director) $0 $314,890 $55,924
Russell Postier Md (Director) $0 $465,519 $92,307
Dewayne M Andrews Md (Director (Term Ended 3.21.2017)) $0 $603,917 $99,912
Karl Hansen (Director) $0 $483,244 $85,344
Michael Cookson (Director) $0 $842,595 $93,086

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,272,751
Expenses
$12,177,235
Net Income
-$1,904,484
Net Assets
$25,199,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,757,674
85.3%
Investment Income $1,416,455
13.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $98,622
1.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,089,248
Total Liabilities $26,889,269
Net Assets $25,199,979
Compensation
Key Employees and Officers Compensation Related Other
Brian L Maddy (President & Director) $0 $373,480 $77,879
Marcy Waterfall (Secretary & Director) $0 $0 $0
Russell Postier Md (Board Chairman) $0 $433,088 $90,678
M Dewayne Andrews Md (Director) $0 $562,661 $101,512
Michael S Bronze Md (Director) $0 $558,699 $87,919
Kenneth D Rowe (Director) $0 $334,841 $69,435
Ondria C Gleason Md (Director) $0 $406,399 $87,682
Terrence L Stull Md (Director & Chair) $0 $512,328 $106,465
Lynn Mitchell Md (Director) $0 $301,011 $54,396
Heather Mcclure (Chief Operating Officer) $0 $295,749 $38,637

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,325,839
Expenses
$9,125,127
Net Income
$1,200,712
Net Assets
$26,337,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,051,970
87.7%
Investment Income $1,212,907
11.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,962
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,969,145
Total Liabilities $25,632,086
Net Assets $26,337,059
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Brian L Maddy (President & Director) $0 $365,958 $78,188
Marcy Waterfall (Secretary & Director) $0 $0 $0
Terrence L Stull Md (Director & Chair (Thru 2/6/15)) $0 $515,277 $96,640
Russell Postier Md (Director & Chairman (Began 2/6/15)) $0 $459,205 $70,606
Heather Mcclure (Chief Operating Officer) $0 $290,754 $38,534
M Dewayne Andrews Md (Director) $0 $596,759 $104,956
Michael S Bronze Md (Director) $0 $557,613 $50,144
Kenneth D Rowe (Director) $0 $323,227 $73,472
Stephen Thomas (Director (Thru 3/16/15)) $0 $507,636 $42,641
Lynn Mitchell Md (Director) $0 $293,734 $55,600
Ondria C Gleason Md (Director (Began 3/16/15)) $0 $410,784 $80,350

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,319,115
Expenses
$8,044,765
Net Income
$274,350
Net Assets
$25,477,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,772,786
81.4%
Investment Income $1,215,608
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $330,721
4.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,347,543
Total Liabilities $24,869,580
Net Assets $25,477,963
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
M Dewayne Andrews Md (Director) $618,050 $0 $48,354
Terrence L Stull Md (Director & Chair) $559,618 $0 $33,125
Michael S Bronze Md (Director) $554,564 $0 $26,368
Stephen Thomas (Director) $514,700 $0 $6,914
Charles J Foulks Md (Director) $504,635 $0 $6,064
Russell Postier Md (Director) $484,436 $0 $28,902
Brian L Maddy (President & Director) $382,272 $0 $39,911
Kenneth D Rowe (Director) $348,108 $0 $36,982
Lynn Mitchell Md (Director) $309,324 $0 $30,585
Heather Mcclure (Chief Operating Officer) $308,468 $0 $4,797
Marcy Waterfall (Secretary & Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,665,606
Expenses
$9,550,393
Net Income
$115,213
Net Assets
$24,497,569
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,353,043
86.4%
Investment Income $1,287,326
13.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $25,237
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,871,654
Total Liabilities $26,374,085
Net Assets $24,497,569

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,057,965
Expenses
$7,465,996
Net Income
$1,591,969
Net Assets
$24,974,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,678,421
84.8%
Investment Income $1,304,104
14.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $75,440
0.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,096,717
Total Liabilities $22,122,444
Net Assets $24,974,273

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,835,271
Expenses
$6,406,317
Net Income
$2,428,954
Net Assets
$22,554,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,388,561
83.6%
Investment Income $1,327,950
15.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $118,760
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,629,378
Total Liabilities $21,075,338
Net Assets $22,554,040

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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