Overview
What is Loma Linda University Adventist Health Sciences Cntr Liability Trust?
Loma Linda University Adventist Health Sciences Center Liability Trust is a nonprofit entity established for the purpose of self-insuring against general and professional liability claims. This organization, with an unspecified number of employees, takes responsibility for managing and covering the risks associated with potential lawsuits in the healthcare sector. By doing so, it protects the financial stability of the organization, enabling it to continue its mission effectively.
Is Loma Linda University Adventist Health Sciences Cntr Liability Trust legitimate?
Loma Linda University Adventist Health Sciences Cntr Liability Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loma Linda University Adventist Health Sciences Cntr Liability Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Loma Linda University Adventist Health Sciences Cntr Liability Trust?
The Loma Linda University Adventist Health Sciences Cntr Liability Trust assumes the risk for general and professional liability claims. Through self-insurance, the trust aims to manage and mitigate potential legal and financial obligations. This approach allows for greater control over the claims process and potentially lower costs compared to traditional insurance methods. By assuming these risks, the trust demonstrates a strong commitment to managing operational and financial risks effectively. Additionally, this strategy enables the organization to allocate resources towards its primary healthcare mission, rather than diverting funds to external insurance premiums.
Who is the CEO of Loma Linda University Adventist Health Sciences Cntr Liability Trust?
M'Lissa Groh is the Trustee of Loma Linda University Adventist Health Sciences Cntr Liability Trust.
What is the revenue of Loma Linda University Adventist Health Sciences Cntr Liability Trust?
Loma Linda University Adventist Health Sciences Cntr Liability Trust's revenue in 2022 was $20,784,791.
Who are the executives of Loma Linda University Adventist Health Sciences Cntr Liability Trust and what are their salaries?
- Wells Fargo (Trustee)
Where can I find the form 990 for Loma Linda University Adventist Health Sciences Cntr Liability Trust?
The Loma Linda University Adventist Health Sciences Cntr Liability Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Loma Linda University Adventist Health Sciences Cntr Liability Trust
Loma Linda University Adventist Health Sciences Cntr Liability Trust is a self-insuring organization that assumes the risk for general and professional liability claims. In simpler terms, this trust safeguards Loma Linda University Adventist Health Sciences Center from financial liabilities arising from lawsuits and professional negligence claims. By self-insuring, the trust allows the organization to maintain greater control over its risk management and insurance costs.
The mission of Loma Linda University Adventist Health Sciences Cntr Liability Trust is focused on ensuring financial protection for the healthcare center against potential claims. Its role is essential, as managing and mitigating risks is a critical aspect of running a large healthcare institution. By taking on these risks, the trust enables Loma Linda University Adventist Health Sciences Center to continue providing top-quality healthcare services to its community.
In essence, Loma Linda University Adventist Health Sciences Cntr Liability Trust acts as a financial buffer, absorbing the financial impact of costly legal claims. This allows the healthcare center to allocate its resources more effectively, ensuring better care for its patients. The trust's dedication to risk management enables Loma Linda University Adventist Health Sciences Center to maintain a strong financial position and continue its mission of delivering exceptional healthcare services.
Impact
This information is meant to be a general summary of Loma Linda University Adventist Health Sciences Cntr Liability Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Loma Linda University Adventist Health Sciences Cntr Liability Trust's impact lies in its role of self-insuring risks for general and professional liability claims. By taking on this responsibility, the trust plays a crucial role in managing and mitigating potential financial risks associated with liability claims for the Loma Linda University Adventist Health Sciences Center. This proactive approach helps ensure the financial stability of the institution and allows it to focus on its core mission of providing healthcare services and education.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POOLED INSURANCE CONTR
Revenue
$17,912,693
Organization Details
Founding Year
1985
Phone
(909) 558-4000
Principal Officer
M'Lissa Groh
Main Address
197 EAST CAROLINE ST STE 2000, SAN BERNARDINO, CA, 92408
NTEE Category
Code: Y200 - Mutual benefit
If you are a representative of Loma Linda University Adventist Health Sciences Cntr Liability Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.