EIN 73-1668317

Paradigm Indemnity Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2003
Most recent tax filings
2022-12-01
Description
Paradigm Indemnity Corporation directly insures professional and general liability coverage for SHS-related affiliates as a pure non-profit captive insurance company. It was formed by 501(c)(3) parent organization Samaritan Health Services, including five acute care facilities, three in the Willamette Valley. Its mission is to provide comprehensive coverage for hospitals and physicians while located in Corvallis, OR.
Related structure
Paradigm Indemnity Corporation is a subordinate organization under Samaritan Health Services.
Total revenues
$14,788,703
2022
Total expenses
$4,116,058
2022
Total assets
$66,739,436
2022
Num. employees
0
2022

Program areas at Paradigm Indemnity Corporation

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: 502 physicians, 80 physician assistants, 49 nurse practitioners, 27 crnas, 8 nurse midwives, and 23 other health professionals. These expenses are incurred to support the program.

Personnel at Paradigm Indemnity Corporation

NameTitleCompensation
David TriebesBoard Member and Former Chief Executive Officer Agh / Board Member and Former Chief Executive Officer Sagh / Board Vice President and Secretary and Chief Executive Officer Agh / Board Vice President and Chief Executive Officer Agh / Board Vice Chair , Chief Operating Officer and Chief Executive Officer Agh$0
Douglas BoysenBoard Chair and Chief Executive Officer SHS / Board President and Chief Executive Officer SHS / Secretary$0
Daniel B SmithSenior Vice President and Chief Financial Officer$0
Randy SpringerBoard Vice Chair and Secretary / Board Member$0
Gerald YoshidaBoard Secretary$0
...and 1 more key personnel

Financials for Paradigm Indemnity Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$14,486,595
Investment income and dividends$1,560,667
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,258,559
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,788,703

Form 990s for Paradigm Indemnity Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-10990View PDF
2020-122021-11-11990View PDF
2019-122021-03-31990View PDF
2018-122020-02-05990View PDF
...and 9 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 10, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 28, 2022
Updated personnel
Identified 4 new personnel
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Mutual assistance organizationsInsurance companiesChapter / child organizationsCharities
Issues
No issues found
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
Co SHS Accounting PO Box 3000
Corvallis, OR 97339
Metro area
Corvallis, OR
County
Benton County, OR
Phone
(541) 768-4857
IRS details
EIN
73-1668317
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Subordinate organization
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