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ACADEMIC PHYSICIANS INSURANCECOMPANY

EIN 20-4687937 BURLINGTON, VT

Revenue 2024
$31,764,025
Expenses 2024
$26,083,593

Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
E02
Classification
1000
Street
100 BANK ST STE 630

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

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.

Activities or mission (Part I)

THE ORGANIZATION SUPPORTS THE UNIVERSITY OF OKLAHOMA & AFFILIATED ENTITIES.

  • 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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JAMES M WATSON

    DIRECTOR

    Total calculated
    $1,131,870
    From this org
    $0
    From related orgs
    $1,060,136
    Other
    $71,734
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $701,182 related
    Bonus
    $0 + $347,564 related
    Other
    $0 + $11,390 related
    Deferred
    $0 + $51,051 related
    Nontaxable benefits
    $0 + $20,683 related
    Filer's total
    $0 + $1,131,870 related

  • MICHAEL S COOKSON

    MANAGING DIRECTOR

    Total calculated
    $1,022,783
    From this org
    $0
    From related orgs
    $954,883
    Other
    $67,900
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,527 related
    Bonus
    $0 + $557,000 related
    Other
    $0 + $4,356 related
    Deferred
    $0 + $53,775 related
    Nontaxable benefits
    $0 + $14,125 related
    Filer's total
    $0 + $1,022,783 related

  • PAUL NEIMEYER

    DIRECTOR

    Total calculated
    $627,712
    From this org
    $0
    From related orgs
    $574,212
    Other
    $53,500
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,863 related
    Bonus
    $0 + $90,560 related
    Other
    $0 + $8,789 related
    Deferred
    $0 + $53,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $627,712 related

  • CAROLYN KLOEK

    DIRECTOR

    Total calculated
    $581,447
    From this org
    $0
    From related orgs
    $535,447
    Other
    $46,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,804 related
    Bonus
    $0 + $57,869 related
    Other
    $0 + $1,774 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $581,447 related

  • JEROME HOUIZOT

    TREASURER

    Total calculated
    $338,858
    From this org
    $0
    From related orgs
    $280,154
    Other
    $58,704
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,632 related
    Bonus
    $0 + $32,078 related
    Other
    $0 + $1,444 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $28,204 related
    Filer's total
    $0 + $338,858 related

  • ANNIKA PREISS

    SECRETARY (UNTIL EARLY 2025)

    Total calculated
    $0
    Hours/week
    1

  • DIANE HANSON

    SECRETARY (AS OF EARLY 2025)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $31,764,025
    Expenses
    $26,083,593
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $25,235,857
    Expenses
    $20,566,139
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $15,276,025
    Expenses
    $20,765,629
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $17,508,656
    Expenses
    $13,350,653
    Assets (EOY)
    $67,974,959

  • 2020 · 990

    Revenue
    $24,573,399
    Expenses
    $14,363,331
    Assets (EOY)
    $81,982,232

  • 2019 · 990

    Revenue
    $17,204,085
    Expenses
    $9,987,789
    Assets (EOY)
    $70,485,157

  • 2018 · 990

    Revenue
    $14,699,597
    Expenses
    $12,837,146
    Assets (EOY)
    $62,110,236

  • 2017 · 990

    Revenue
    $13,963,904
    Expenses
    $13,272,634
    Assets (EOY)
    $70,480,630

  • 2016 · 990

    Revenue
    $10,985,688
    Expenses
    $12,050,208
    Assets (EOY)
    $53,349,408

  • 2015 · 990

    Revenue
    $10,272,751
    Expenses
    $12,177,235
    Assets (EOY)
    $52,089,248

  • 2014 · 990

    Revenue
    $10,325,839
    Expenses
    $9,125,127
    Assets (EOY)
    $51,969,145

  • 2013 · 990

    Revenue
    $8,319,115
    Expenses
    $8,044,765
    Assets (EOY)
    $50,347,543

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $9,550,393
    Assets (EOY)
    $50,871,654

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.