Nonprofit · EIN 23-7365644
INSURANCE SECURITY FUND
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $18,916,310 | $28,547,730 | -$9,631,420 | $31,429,006 | $0 | $31,429,006 |
| December 31, 2024 | 990 | $14,919,723 | $9,636,269 | $5,283,454 | $41,060,426 | $0 | $41,060,426 |
| December 31, 2023 | 990 | $2,808,132 | $4,209,454 | -$1,401,322 | $35,776,005 | $0 | $35,776,005 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,826,634
- Investment income
- $1,088,042
- Other revenue
- $1,634
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $26,468,749
- Compensation of officers, directors and key employees
- $395,354
- Salaries, compensation and benefits (total)
- $738,351
- Professional fundraising fees
- $0
- Legal fees
- $51,948
- Accounting fees
- $31,418
- Occupancy
- $39,952
- Travel
- $9,627
Balance sheet and other
- Total assets, start of year
- $41,060,426
- Total assets, end of year
- $31,429,006
- Total liabilities, end of year
- $0
- Net assets, end of year
- $31,429,006
- Gross receipts
- $18,916,310
- Employees
- 7
- Year formed
- 1969
- State of legal domicile
- WI
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Patek | Executive Director Officer, Highest-paid employee | 40 | $247,653 |
| Theresa Wedekind | Associate Director Operations Finance Key employee | 40 | $146,201 |
| Bryce Tolefree Board Member | American Family Insruance, Madison WI Trustee or director | 1 | $0 |
| Nathan Houdek Board Member | commissioner of Insurance, Madison WI Trustee or director | 1 | $0 |
| Joseph Decker Board Member | Sirius Point, New York NY Trustee or director | 1 | $0 |
| Heather Boyer Board Member | Society Insurance, Fond du Lac WI Trustee or director | 1 | $0 |
| George E Burleton II Board Member | Humana, Green Bay WI Trustee or director | 1 | $0 |
| Brian Ollech Board Member | Network Health Plan, Menasha WI Trustee or director | 1 | $0 |
| John Wesley Warren Board Member | Northwestern Mutual Life Ins, Milwaukee WI Trustee or director | 1 | $0 |
| John Leiber Board Member | WI State Treasurer, Madison WI Trustee or director | 1 | $0 |
| Ellie Nieves Board Member | Guardian Life Ins Co, Madison WI Trustee or director | 1 | $0 |
| Michael Murphy Board Member | Assitan Attorney General, Madison WI Trustee or director | 1 | $0 |
| Dawn Lemke Board Member | Church Mutual Ins, Merril WI Trustee or director | 1 | $0 |
| Christine Senty Board Member | Quartz, Sauk City WI Trustee or director | 1 | $0 |
| Michael Tobin Board Member | New York Life Ins Co, New York NY Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Raina Zanow Chair | Sentry Insurance, Stevens Point WI Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Patek | Executive Director Officer, Highest-paid employee | 40 | $234,640 |
| Theresa Wedekind | Associate Director Operations Finance Key employee | 40 | $140,510 |
| Bryce Tolefree Board Member | American Family Insurance, Madison WI Trustee or director | 1 | $0 |
| Nathan Houdek Board Member | Commissioner of Insurance, Madison WI Trustee or director | 1 | $0 |
| Joseph Decker Board Member | Sirius Point, New York NY Trustee or director | 1 | $0 |
| Heather Boyer Board Member | Society Insurance, Fond du Lac, WI Trustee or director | 1 | $0 |
| George E Burleton II Board Member | Humana, Green Bay WI Trustee or director | 1 | $0 |
| Brian Ollech Board Member | Network Health Plan, Menasha WI Trustee or director | 1 | $0 |
| John Wesley Warren Board Member | Northwestern Mutual Life Ins, Milwaukee WI Trustee or director | 1 | $0 |
| John Leiber Board Member | WI State Treasurer, Madison WI Trustee or director | 1 | $0 |
| Ellie Nieves Board Member | Guardian Life Ins Co, Madison WI Trustee or director | 1 | $0 |
| Michael Murphy Board Member | Assistant Attorney General, Madison WI Trustee or director | 1 | $0 |
| Dawn Lemke Board Member | Church Mutual Ins, Merrill WI Trustee or director | 1 | $0 |
| Christine Senty Board Member | Quartz, Sauk City WI Trustee or director | 1 | $0 |
| Michael Tobin Board Member | New York Life Ins Co, New York NY Trustee or director | 1 | $0 |
| Raina Zanow Chair | Sentry Insurance, Stevens Point WI Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allan Patek | Executive Director Officer, Highest-paid employee | 40 | $229,977 |
| Theresa Wedekind | Associate Director Operations Finance Key employee | 40 | $135,139 |
| Bryce Tolefree Board Member | American Family Insurance, Madison WI Trustee or director | 1 | $0 |
| Nathan Houdek Board Member | Commissioner of Insurance, Madison WI Trustee or director | 1 | $0 |
| Joseph Decker Board Member | QBE, Sun Prairie WI Trustee or director | 1 | $0 |
| Heather Boyer Board Member | Society Insurance, Fond du Lac, WI Trustee or director | 1 | $0 |
| George E Burleton II Board Member | Humana, Green Bay WI Trustee or director | 1 | $0 |
| Peter Farrow Board Member | Group Health Cooperative, Eau Claire WI Trustee or director | 1 | $0 |
| John Wesley Warren Board Member | Northwestern Mutual Life Ins, Milwaukee WI Trustee or director | 1 | $0 |
| John Leiber Board Member | WI State Treasurer, Madison WI Trustee or director | 1 | $0 |
| Sharon Hartung Board Member | WPS, Madison WI Trustee or director | 1 | $0 |
| Gwendolyn Cooley Board Member | Assistant Attorney General, Madison WI Trustee or director | 1 | $0 |
| Dawn Lemke Board Member | Church Mutual Ins, Merrill WI Trustee or director | 1 | $0 |
| Christine Senty Board Member | Quartz, Sauk City WI Trustee or director | 1 | $0 |
| Michael Tobin Board Member | New York Life Ins Co, New York NY Trustee or director | 1 | $0 |
| Raina Zanow Chair | Sentry Insurance, Stevens Point WI Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2820 WALTON COMMONS LN SUITE 1, MADISON, WI 53718-6797
- In care of
- % ALLAN PATEK
- Principal officer (990 for 2025)
- Allan Patek, 2820 Walton Commons Ln STE 135, Madison, WI 53718
- Signed the 990
- Allan Patek, Executive Director
- Phone
- (608) 242-9473
- Website
- wilifega.org
- Return prepared by
- Strohm Ballweg LLP
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.
Program accomplishments
- The 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.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7365644
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,429,006
- Income (IRS master file)
- $18,916,310
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $18,916,310 | $28,547,730 | $31,429,006 | IRS |
| 990 | December 2024 | $14,919,723 | $9,636,269 | $41,060,426 | IRS |
| 990 | December 2023 | $2,808,132 | $4,209,454 | $35,776,005 | XML |
| 990 | December 2022 | $11,161,713 | $3,674,439 | $37,173,342 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 23-7365644).
Questions about INSURANCE SECURITY FUND
- What is the EIN of INSURANCE SECURITY FUND?
- The employer identification number (EIN) of INSURANCE SECURITY FUND is 23-7365644.
- Is INSURANCE SECURITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
- Are donations to INSURANCE SECURITY FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSURANCE SECURITY FUND 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 INSURANCE SECURITY FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSURANCE SECURITY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSURANCE SECURITY FUND?
- The 990 for the year ended December 31, 2025 names Allan Patek.
- Who are the officers and directors of INSURANCE SECURITY FUND?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $247,653 (Allan Patek, Executive Director).
- How much revenue does INSURANCE SECURITY FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $18,916,310, expenses of $28,547,730 and total assets of $31,429,006 at year end.
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