Cause IQ organization profile

Self-Insurers Security Fund

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Self-Insurers Security Fund is a insurance company based in Oakland, CA that was founded in 1984. As of 2019 they had $65 million in revenue and $594 million in assets.

To provide continuity of workers' compensation benefits to injured workers of insolvent, private self-insured companies at the lowest overall long-term cost, equitably distributed to the self-insurance community.

EIN:
68-0049924
City:
State:
Metro:
Website:
Founded:
1984
Type:
501(c)(6)
NTEE:
Revenue:
$65,844,772
Assets:
$594,777,287
Employees:
7
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at Self-Insurers Security Fund

Alternative Security program assessments - self-insured corporations meeting certain minimum credit quality standards are assessed annual fees for participation in the asp program in lieu of posting a Security deposit. The asp program provides protection to self-insured employers in the case of any future defaults. Sisf uses the assessments to provide funds for any future defaults and to purchase catastrophe coverage/hedge instruments for certain loss exposures associated with the program.

Security deposits and recoveries - sisf receives revenue from surety bonds and deposits when the organization assumes, as stipulated in the labor code, the responsibility to administer the funds necessary to pay workers' compensation obligations against an insolvent self-insurer.

Form 990s for Self-Insurers Security Fund

Fiscal year endingDate received by IRSFormPDF link
2019-06Aug 10, 2020990View PDF
2018-06Jun 19, 2019990View PDF
2017-06Mar 14, 2018990View PDF
2016-06Aug 1, 2017990OView PDF
2015-06Jul 13, 2016990OView PDF
...and six more Form 990 PDFs

Financials for Self-Insurers Security Fund

Field2019
Total grants, contributions, etc.$0
Program services$48,785,532
Investment income and dividends$10,076,243
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$6,982,997
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$65,844,772

Vendors for Self-Insurers Security Fund

VendorServicesAmount paidDate
BDO USA LLPTax accounting2020-02-07
████████████Association management software; CRM software; Content management system software; Marketing software2019-09-07
█████ ███████Legal$2,344,3952019-06-01
████████Actuarial$607,0262019-06-01
███████ ████ ██████████Third Party Administrator$876,6252019-06-01
███ █████████ █████████ ████████Consulting$1,025,0002019-06-01
███████ ██████ ███Third Party Administrator$1,489,1152019-06-01

Personnel at Self-Insurers Security Fund

NameTitleCompensationMost recent data
Janice MurphyVice President, Finance and Corporate Risk Management$0Sept. 22, 2020
Tim EastChair$700Sept. 22, 2020
██████ ████████Outside General Counsel-Sept. 22, 2020
███████ ████████Controller$136,705Sept. 22, 2020
█████ ███Bookkeeper-Sept. 22, 2020

Peer insurance providers

 NameTypeRevenueLocation
1Unsatisfied Claim and Judgment Fund (UCJF)501(c)(6)$95 millionBasking Ridge, NJ
2Louisiana Insurance Guaranty Association501(c)(6)$18 millionBaton Rouge, LA
3Virginia Property Insurance Association501(c)(6)$17 millionGlen Allen, VA
4North Carolina Joint Underwriting Association (NCJUA)501(c)(6)$89 millionRaleigh, NC
5Pennsylvania Property and Casualty Insurance Guaranty Association (PPCIGA)501(c)(6)$17 millionPhiladelphia, PA
6Minnesota Insurance Guaranty Association501(c)(6)$16 millionEdina, MN
7Illinois Insurance Guaranty Fund501(c)(6)$27 millionChicago, IL
8Illinois Life & Health Insurance Guaranty Association (ILHIGA)501(c)(6)$33 millionLisle, IL
9Michigan Automobile Insurance Placement Facility (MAIPF)501(c)(6)$39 millionJohnston, RI
10Nat Peace Officer and FF Association Trust Long Term Care Trust501(c)(5)$19 millionMartell, CA
11Workers' Compensation Reinsurance Association501(c)(27)$136 millionSt Paul, MN
12Western Catholic Union501(c)(8)$41 millionQuincy, IL
13Navy Mutual Aid Association501(c)(23)$250 millionArlington, VA
14American Armed Forces Mutual Aid Association501(c)(23)$130 millionFort Myer, VA
15Alabama Insurance Guaranty Association501(c)(6)$17 millionBirmingham, AL
16The Hambletonian Society501(c)(6)$17 millionCranbury, NJ
17The Thunderbirds501(c)(6)$61 millionPhoenix, AZ
18Visit California501(c)(6)$116 millionSacramento, CA
19United States Letter Carriers Mutual Benefit Association501(c)(5)$23 millionWashington, DC
20CSEA Employee Benefit Fund (EBF)501(c)(9)$145 millionLatham, NY
21Locomotive Engineers and Conductors Mutual Protective Association (LECMPA)501(c)(9)$20 millionSouthfield, MI
22Isda Fraternal Association501(c)(8)$18 millionPittsburgh, PA
23Military Benefit Association (MBA)501(c)(9)$26 millionChantilly, VA
24Insurance Board501(c)(3)$49 millionCleveland, OH
25First Catholic Slovak Union of the United States of America and Canada501(c)(8)$35 millionIndependence, OH