Overview
What is Mount Sinai Medical Center Insurance Trust?
Mount Sinai Medical Center Insurance Trust is a self-insurance trust established in Florida to manage malpractice and liability claims filed against Mt. Sinai Medical Center of Florida, Inc. The trust's primary focus is to cover these claims on behalf of the medical center, ensuring financial protection for potential legal issues. The trust is an integral part of the organization, allowing Mt. Sinai Medical Center to continue providing healthcare services without the constant burden of handling claims directly.
Official website here: www.msmc.com
Is Mount Sinai Medical Center Insurance Trust legitimate?
Mount Sinai Medical Center Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Sinai Medical Center Insurance 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
Official website here: www.msmc.com
What is the mission statement of Mount Sinai Medical Center Insurance Trust?
The Mount Sinai Medical Center Insurance Trust serves as a self-insurance entity, established to manage and cover malpractice and general liability claims filed against Mount Sinai Medical Center of Florida, Inc. Its primary objective is to shield the medical center from financial responsibilities arising from such claims. By assuming this role, the trust enables the medical center to focus on delivering quality healthcare services to its patients.
Official website here: www.msmc.com
Who is the CEO of Mount Sinai Medical Center Insurance Trust?
Gino Santorio is the President/Ceo of Mount Sinai Medical Center Insurance Trust. The CEO's salary of Mount Sinai Medical Center Insurance Trust is $0 and their total compensation is $1,079,388.
Official website here: www.msmc.com
What is the revenue of Mount Sinai Medical Center Insurance Trust?
Mount Sinai Medical Center Insurance Trust's revenue in 2022 was $17,053,348.
Official website here: www.msmc.com
Who are the executives of Mount Sinai Medical Center Insurance Trust and what are their salaries?
- Gino Santorio (President/Ceo) [Trustee/Director]
- Alexander A Mendez (Executive Vp/Cfo) [Trustee/Director]
- Steven D Sonenreich (Former President/Ceo)
- Arnold Jaffee (Senior Vp/Gen Counsel) [Trustee/Director]
- Truist Bank (Trustee)
Official website here: www.msmc.com
Where can I find the form 990 for Mount Sinai Medical Center Insurance Trust?
The Mount Sinai Medical Center Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.msmc.com
Learn more at the official website: www.msmc.com
Mission Statement of Mount Sinai Medical Center Insurance Trust
Mount Sinai Medical Center Insurance Trust is a self-insurance trust established to shield Mount Sinai Medical Center of Florida, Inc. from malpractice and general liability claims. The trust serves as a financial bulwark, assuming the responsibility of compensating individuals for any damages resulting from alleged negligence or wrongdoing by the medical center. By self-insuring, Mount Sinai Medical Center Insurance Trust enables the medical center to maintain control over its risk management and liability costs, ensuring the continuity of its mission to deliver quality healthcare services. The trust's primary objective is to mitigate financial exposure and safeguard the interests of the medical center and its stakeholders.
Impact
This information is meant to be a general summary of Mount Sinai Medical Center Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Mount Sinai Medical Center Insurance Trust plays a crucial role in providing self-insurance coverage for malpractice and general liability claims filed against Mount Sinai Medical Center of Florida, Inc. By establishing this trust, Mount Sinai Medical Center can effectively manage and cover these claims, ensuring the financial stability of the institution. This impact is significant as it enables the medical center to continue providing quality healthcare services to the community without being financially burdened by legal claims.
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.
INS. REVENUE FROM MSMC
Revenue
$17,050,000
Organization Details
Founding Year
1988
Phone
(305) 674-2121
Principal Officer
Gino Santorio
Main Address
4300 ALTON ROAD, MIAMI BEACH, FL, 33140
Website
www.msmc.com
NTEE Category
Code: Y20Z - Mutual benefit
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