Overview
What is Montefiore Medicine Academic Health System Self Insurance Trust?
Montefiore Medicine Academic Health System Self Insurance Trust is a nonprofit organization established by Montefiore Medicine Academic Health System (MMAHS) to manage and cover medical malpractice liabilities for the integrated healthcare delivery system and its controlled entities. The trust, organized under Section 501(c)(3), operates for the sole benefit of MMAHS and its controlled organizations. Its primary purpose is to handle the settlement of claims and compensate for any losses related to medical malpractice. The trust's mission is essential to shielding MMAHS and its controlled entities from potential financial risks, allowing them to continue their charitable operations effectively.
Official website here: www.montefiorehealthsystem.org
Is Montefiore Medicine Academic Health System Self Insurance Trust legitimate?
Montefiore Medicine Academic Health System Self Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montefiore Medicine Academic Health System Self 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: $6,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.montefiorehealthsystem.org
What is the mission statement of Montefiore Medicine Academic Health System Self Insurance Trust?
The Montefiore Medicine Academic Health System Self Insurance Trust functions as a supporting organization, established for the advantage of Montefiore Medicine Academic Health System (MMAHS) and its controlled entities. Its primary objective is to handle the liabilities and compensate losses connected to charitable operations of MMAHS and its controlled entities, specifically regarding medical malpractice claims. The trust was formed by MMAHS, a non-profit healthcare system, to shield itself and its entities from medical malpractice liabilities. Ultimately, the trust exists to discharge the liabilities of settled claims and reimburse losses for MMAHS and its controlled entities.
Official website here: www.montefiorehealthsystem.org
Who is the CEO of Montefiore Medicine Academic Health System Self Insurance Trust?
Colleen M Blye is the Sole Corporate Trustee of Montefiore Medicine Academic Health System Self Insurance Trust.
Official website here: www.montefiorehealthsystem.org
What is the revenue of Montefiore Medicine Academic Health System Self Insurance Trust?
Montefiore Medicine Academic Health System Self Insurance Trust's revenue in 2022 was $74,840,098.
Official website here: www.montefiorehealthsystem.org
Who are the executives of Montefiore Medicine Academic Health System Self Insurance Trust and what are their salaries?
- Comerica Bank Trust (Sole Corporate Trustee)
Official website here: www.montefiorehealthsystem.org
Where can I find the form 990 for Montefiore Medicine Academic Health System Self Insurance Trust?
The Montefiore Medicine Academic Health System Self Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.montefiorehealthsystem.org
Learn more at the official website: www.montefiorehealthsystem.org
Mission Statement of Montefiore Medicine Academic Health System Self Insurance Trust
Montefiore Medicine Academic Health System Self Insurance Trust is a charitable organization established to support Montefiore Medicine Academic Health System (MMAHS) and its affiliated entities. Its primary objective is to manage and cover the liabilities and losses arising from medical malpractice claims against MMAHS and its controlled entities. By doing so, the Trust protects these organizations and the individuals associated with them from potential financial burdens.
In essence, Montefiore Medicine Academic Health System Self Insurance Trust serves as a financial safety net, ensuring the sustainability of MMAHS and its controlled entities as they carry out their charitable operations. This includes the delivery of healthcare services, research, and education. By assuming the financial risk of medical malpractice liabilities, the Trust enables these organizations to focus on their core mission, ultimately benefiting the communities they serve.
Additionally, the Trust's purpose extends to the reimbursement of losses suffered by MMAHS and its controlled entities. This financial support plays a crucial role in minimizing the impact of unexpected losses on these organizations, allowing them to continue their valuable work in the healthcare sector. The Trust's commitment to providing financial stability is an essential aspect of its mission to ensure the long-term success of Montefiore Medicine Academic Health System and its affiliates.
Impact
This information is meant to be a general summary of Montefiore Medicine Academic Health System Self Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Montefiore Medicine Academic Health System Self Insurance Trust's impact lies in its critical role in providing for the discharge of liabilities and reimbursement of losses incurred by Montefiore Medicine Academic Health System (MMAHS) and its controlled entities. By specifically focusing on satisfying malpractice claims and protecting against medical malpractice liabilities, the trust plays a vital part in safeguarding the financial stability and continued operations of MMAHS and its associated entities. This enables the organization to focus on its mission of providing quality healthcare services to the community without being unduly burdened by legal or financial challenges.
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.
INSURANCE PREMIUMS
Revenue
$74,840,098
Organization Details
Founding Year
2018
Phone
(914) 349-8455
Principal Officer
Colleen M Blye
Main Address
111 EAST 210TH STREET, BRONX, NY, 104672401
NTEE Category
Code: E11 - Health
If you are a representative of Montefiore Medicine Academic Health System Self Insurance 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.