Nonprofit · EIN 73-1668317
PARADIGM INDEMNITY CORPORATION
Tax-exempt · CORVALLIS, OR 97339
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,222,332 | $11,422,602 | $1,799,730 | $60,015,158 | $17,825,115 | $42,190,043 |
| December 31, 2023 | 990 | $12,887,110 | $10,324,279 | $2,562,831 | $58,412,860 | $18,689,511 | $39,723,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,227,698
- Investment income
- $1,994,634
- Net gain from sales of assets
- -$297,839
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,580
- Accounting fees
- $45,500
- Travel
- $61,193
- Program services (functional)
- $10,476,753
- Management and general (functional)
- $945,849
Balance sheet and other
- Total assets, start of year
- $58,412,860
- Total assets, end of year
- $60,015,158
- Total liabilities, end of year
- $17,825,115
- Net assets, end of year
- $42,190,043
- Publicly traded securities
- $40,498,664
- Net assets without donor restrictions
- $42,190,043
- Gross receipts
- $21,623,051
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2003
- State of legal domicile
- HI
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS BOYSEN | BOARD CHAIR / CEO SHS Trustee or director, Officer | 1 | $0 | $1,336,861 | $71,010 |
| ROBERT TURNGREN MD | BRD MBR / SVP CHIEF PHYS EXEC Trustee or director | 1 | $0 | $647,392 | $66,045 |
| DANIEL SMITH | TREASURER / SVP CFO SHS Officer | 1 | $0 | $622,805 | $66,116 |
| KELLEY KAISER | BOARD MEMBER / SVP CAO SHS Trustee or director | 1 | $0 | $448,420 | $70,133 |
| RANDY SPRINGER | BRD VICE CHAIR & SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID TRIEBES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RALPH BREITENSTEIN MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NANCY SEIFERT PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS BOYSEN | BOARD CHAIR / CEO SHS Trustee or director, Officer | 1 | $0 | $1,555,091 | $68,391 |
| ROBERT TURNGREN MD | BRD MBR / SVP CHIEF PHYS EXEC Trustee or director | 1 | $0 | $702,296 | $62,939 |
| DANIEL SMITH | TREASURER / SVP CFO SHS Officer | 1 | $0 | $679,354 | $68,167 |
| KELLEY KAISER | BOARD MEMBER / SVP CAO SHS Trustee or director | 1 | $0 | $517,020 | $66,767 |
| RANDY SPRINGER | BRD VICE CHAIR & SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID TRIEBES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RALPH BREITENSTEIN MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NANCY SEIFERT PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3000, CORVALLIS, OR 97339-3000
- In care of
- % SHS ACCOUNTING
- Principal officer (990 for 2024)
- DOUGLAS BOYSEN, 3600 NW SAMARITAN DR, CORVALLIS, OR 97330
- Signed the 990
- DANIEL B SMITH, SVP / CFO
- Phone
- (541) 768-4857
Mission
PARADIGM INDEMNITY CORPORATION (PIC) IS A PURE NON-PROFIT CAPTIVE INSURANCE COMPANY FORMED BY 501(C)(3) PARENT ORGANIZATION SAMARITAN HEALTH SERVICES (SHS). PIC DIRECTLY INSURES FOR PROFESSIONAL AND GENERAL LIABILITY COVERAGE FOR SHS-RELATED AFFILIATES. PARADIGM INDEMNITY CORPORATION (PIC) IS A MEMBER OF THE SHS SYSTEM, A REGIONAL NETWORK OF HOSPITALS AND PHYSICIANS. THE NETWORK, FORMED IN THE LATE 1990'S, SERVES APPROXIMATELY 290,000 RESIDENTS IN LINN, BENTON, LINCOLN AND PORTIONS OF POLK AND MARION COUNTIES IN OREGON. IT IS LOCALLY OWNED, AND ITS BOARDS OF DIRECTORS INCLUDE HOSPITAL LEADERS, PHYSICIANS AND COMMUNITY REPRESENTATIVES. SHS PROVIDES HEALTHCARE SERVICES REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, DISABILITY OR AGE. THE MISSION OF SHS IS "BUILDING HEALTHIER COMMUNITIES TOGETHER." THE COLLECTIVE VISION OF THE SHS SYSTEM IS TO SERVE OUR COMMUNITIES WITH PRIDE (PASSION, RESPECT, INTEGRITY, DEDICATION, AND EXCELLENCE).
Program accomplishments
- AS A PURE NON-PROFIT CAPTIVE INSURANCE COMPANY, PARADIGM INDEMNITY CORPORATION (PIC) DIRECTLY INSURES HOSPITAL'S AND PHYSICIAN'S PROFESSIONAL LIABILITY AND GENERAL LIABILITY COVERAGE. THIS COVERAGE INCLUDES FIVE ACUTE CARE FACILITIES, THREE IN THE WILLAMETTE VALLEY AND TWO ON THE OREGON COAST. INCLUDED IN THIS INSURANCE IS COVERAGE FOR THE FOLLOWING EMPLOYED OR CONTRACTED PRACTITIONERS: 571 PHYSICIANS, 99 PHYSICIAN ASSISTANTS, 59 NURSE PRACTITIONERS, 26 CRNAS, 7 NURSE MIDWIVES, AND 21 OTHER HEALTH PROFESSIONALS. THESE EXPENSES ARE INCURRED TO SUPPORT THE PROGRAM.Expenses $10,476,753 · revenue $11,227,698
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 | Not 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
- 73-1668317
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $60,015,158
- Income (IRS master file)
- $21,623,051
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,222,332 | $11,422,602 | $60,015,158 | IRS |
| 990 | December 2023 | $12,887,110 | $10,324,279 | $58,412,860 | XML |
| 990 | December 2022 | $14,788,703 | $4,116,058 | $66,739,436 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 73-1668317).
Questions about PARADIGM INDEMNITY CORPORATION
- What is the EIN of PARADIGM INDEMNITY CORPORATION?
- The employer identification number (EIN) of PARADIGM INDEMNITY CORPORATION is 73-1668317.
- Is PARADIGM INDEMNITY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to PARADIGM INDEMNITY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PARADIGM INDEMNITY CORPORATION 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 PARADIGM INDEMNITY CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARADIGM INDEMNITY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARADIGM INDEMNITY CORPORATION?
- The 990 for the year ended December 31, 2024 names DOUGLAS BOYSEN.
- Who are the officers and directors of PARADIGM INDEMNITY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does PARADIGM INDEMNITY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,222,332, expenses of $11,422,602 and total assets of $60,015,158 at year end.
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All nonprofits in CORVALLIS · Oregon · Mutual and membership benefit