Nonprofit · EIN 20-4687937
ACADEMIC PHYSICIANS INSURANCECOMPANY
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,764,025 | $26,083,593 | $5,680,432 | $114,343,268 | $86,384,815 | $27,958,453 |
| June 30, 2024 | 990 | $25,235,857 | $20,566,139 | $4,669,718 | $112,206,115 | $91,257,074 | $20,949,041 |
| June 30, 2023 | 990 | $15,276,025 | $20,765,629 | -$5,489,604 | $74,548,187 | $60,701,263 | $13,846,924 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $27,033,431
- Investment income
- $4,730,594
- Net gain from sales of assets
- $2,129,649
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,868
- Accounting fees
- $61,367
- Travel
- $15,913
- Program services (functional)
- $25,600,320
- Management and general (functional)
- $483,273
Balance sheet and other
- Total assets, start of year
- $112,206,115
- Total assets, end of year
- $114,343,268
- Total liabilities, end of year
- $86,384,815
- Net assets, end of year
- $27,958,453
- Publicly traded securities
- $63,353,400
- Gross receipts
- $87,514,639
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES M WATSON | DIRECTOR Trustee or director, Officer | 1 | $0 | $1,060,136 | $71,734 |
| MICHAEL S COOKSON | MANAGING DIRECTOR Trustee or director, Officer | 1 | $0 | $954,883 | $67,900 |
| PAUL NEIMEYER | DIRECTOR Trustee or director | 1 | $0 | $574,212 | $53,500 |
| CAROLYN KLOEK | DIRECTOR Trustee or director | 1 | $0 | $535,447 | $46,000 |
| JEROME HOUIZOT | TREASURER Officer | 1 | $0 | $280,154 | $58,704 |
| ANNIKA PREISS | SECRETARY (UNTIL EARLY 2025) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DIANE HANSON | SECRETARY (AS OF EARLY 2025) Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD PLOFGREN | DIRECTOR Trustee or director | 1 | $0 | $1,845,986 | $66,870 |
| JAMES MWATSON | DIRECTOR Trustee or director | 1 | $0 | $1,098,745 | $60,269 |
| MICHAEL SCOOKSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $943,753 | $104,222 |
| JOHN PZUBIALDE | DIRECTOR THRU 8/31/23 Trustee or director | 1 | $0 | $546,876 | $116,139 |
| KARL RHANSEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $551,737 | $99,048 |
| ONDRIA CGLEASON | DIRECTOR Trustee or director | 1 | $0 | $488,719 | $105,201 |
| DALE BRATZLERMD | DIRECTOR Trustee or director | 1 | $0 | $421,584 | $33,288 |
| IAN FDUNN | DIRECTOR Trustee or director | 1 | $0 | $344,129 | $23,689 |
| KERI SCONNER | DIRECTOR Trustee or director | 1 | $0 | $129,339 | $11,466 |
| JOAN MHUSSEY | SECRETARY THRU 7/31/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNIKA PREISS | SECRETARY AS OF 9/1/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN PZUBIALDE | DIRECTOR Trustee or director | 1 | $0 | $539,938 | $130,845 |
| ONDRIA CGLEASON | DIRECTOR Trustee or director | 1 | $0 | $430,304 | $92,829 |
| MICHAEL SCOOKSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $387,074 | $99,975 |
| KARL RHANSEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $267,298 | $91,823 |
| DALE BRATZLERMD | DIRECTOR AS OF 2/9/23 Trustee or director | 1 | $0 | $326,130 | $30,832 |
| IAN FDUNN | DIRECTOR Trustee or director | 1 | $0 | $261,109 | $23,541 |
| AMY MIDDLEMAN MD | DIRECTOR THROUGH 1/31/23 Trustee or director | 1 | $0 | $81,624 | $60,750 |
| KERI SCONNER | DIRECTOR Trustee or director | 1 | $0 | $119,753 | $10,725 |
| JAMES MWATSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOAN MHUSSEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD PLOFGREN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 BANK ST STE 630, BURLINGTON, VT 05401-4946
- In care of
- % JEROME HOUIZOT
- Principal officer (990 for 2024)
- JEROME HOUIZOT, 100 BANK STREET SUITE 630, BURLINGTON, VT 05401
- Signed the 990
- JEROME HOUIZOT, TREASURER
- Phone
- (802) 864-5599
- Return prepared by
- PwC US Tax LLP
Mission
THE COMPANY IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE UNIVERSITY OF OKLAHOMA'S & ITS AFFILIATED ENTITIES ACADEMIC, EDUCATIONAL, RESEARCH, CLINICAL CARE, AND INDIGENT CARE MISSIONS. ACCORDINGLY, ITS SERVICES ARE LIMITED TO PROVIDING PROFESSIONAL, GENERAL, AND OTHER INSURANCE COVERAGE AND RELATED SERVICES TO THE UNIVERSITY AND ITS AFFILIATES.
Program accomplishments
- ACADEMIC PARTNERS INSURANCE COMPANY PROVIDES COVERAGE TO MEDICAL PROFESSIONALS AND RELATED HOSPITAL ENTITIES OF THE UNIVERSITY OF OKLAHOMA, A TAX-EXEMPT ORGANIZATION. THE INSURANCE COVERAGES PROVIDED ASSIST THE UNIVERSITY AND HOSPITAL SYSTEM IN STABILIZING THEIR INSURANCE COSTS. THE UNIVERSITY OF OKLAHOMA IS OKLAHOMA'S PREMIER HIGHER EDUCATION INSTITUTION, AND WITH ITS RELATED HOSPITAL PARTNER, SERVES THE EDUCATIONAL AND HEALTH CARE NEEDS OF THE STATE AND SURROUNDING REGIONS. ACADEMIC PARTNERS INSURANCE COMPANY PROVIDES COVERAGE RELATED TO LIABILITY OF FACULTY PHYSICIANS, RESIDENT PHYSICIANS, MID-LEVELS AND STUDENTS, AS WELL AS A LARGE ACADEMIC HOSPITAL SYSTEM. COSTS ASSOCIATED WITH PROVIDING INSURANCE COVERAGES ARE IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSE OF SUPPORTING THE UNIVERSITY OF OKLAHOMA.Expenses $25,600,320 · revenue $27,033,431
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4687937
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E02)
- Assets (IRS master file)
- $114,343,268
- Income (IRS master file)
- $87,514,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,764,025 | $26,083,593 | $114,343,268 | IRS |
| 990 | June 2024 | $25,235,857 | $20,566,139 | $112,206,115 | IRS |
| 990 | June 2023 | $15,276,025 | $20,765,629 | $74,548,187 | XML |
| 990 | June 2022 | $17,508,656 | $13,350,653 | $67,974,959 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4687937).
Questions about ACADEMIC PHYSICIANS INSURANCECOMPANY
- What is the EIN of ACADEMIC PHYSICIANS INSURANCECOMPANY?
- The employer identification number (EIN) of ACADEMIC PHYSICIANS INSURANCECOMPANY is 20-4687937.
- Is ACADEMIC PHYSICIANS INSURANCECOMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to ACADEMIC PHYSICIANS INSURANCECOMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ACADEMIC PHYSICIANS INSURANCECOMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACADEMIC PHYSICIANS INSURANCECOMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMIC PHYSICIANS INSURANCECOMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ACADEMIC PHYSICIANS INSURANCECOMPANY?
- The 990 for the year ended June 30, 2025 names JEROME HOUIZOT.
- Who are the officers and directors of ACADEMIC PHYSICIANS INSURANCECOMPANY?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ACADEMIC PHYSICIANS INSURANCECOMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,764,025, expenses of $26,083,593 and total assets of $114,343,268 at year end.
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