Overview
What is Lokahi Assurance Ltd?
Lokahi Assurance Ltd is a supporting organization based in Oakland, California, specifically located at One Kaiser Plaza, 26th Floor. Established to aid Kaiser Foundation Health Plan Inc and its subsidiaries, this nonprofit organization serves as a financial resource for handling professional and general liability, managed care liability, as well as risks related to pandemics, terrorism, cyber security, and earthquakes.
Is Lokahi Assurance Ltd legitimate?
Lokahi Assurance Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lokahi Assurance Ltd 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lokahi Assurance Ltd?
Lokahi Assurance Ltd functions as a supporting organization, collaborating with Kaiser Foundation Health Plan Inc and its subsidiaries. Its primary objective is to facilitate financing for various liabilities. Specifically, it focuses on professional and general liability, workers' compensation, managed care, pandemic, terrorism, cyber security, and earthquake exposures. The organization's role is crucial in managing risks and ensuring financial stability for the healthcare entities it supports.
Who is the CEO of Lokahi Assurance Ltd?
Martin T King is the Principal Officer of Lokahi Assurance Ltd.
What is the revenue of Lokahi Assurance Ltd?
Lokahi Assurance Ltd's revenue in 2022 was $523,344,731.
Who are the executives of Lokahi Assurance Ltd and what are their salaries?
- Mark Zemelman (Svp, General Counsel & Secy)
- Vanessa Benavides (Svp,Chief Legal Officer & Secy)
- Thomas Meier (Vice President & Treasurer) [Trustee/Director]
- Martin King (Director & President)
- Hong-Sze Yu (Vp, Brd & Corp Gov & Asst Secy)
- Sylvia Bhatia (Director)
- Michael B Evans (Director)
- Gerald C Yoshida (Director & Assistant Secretary)
Where can I find the form 990 for Lokahi Assurance Ltd?
The Lokahi Assurance Ltd’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Lokahi Assurance Ltd
Lokahi Assurance Ltd, a supporting organization, was established with a mission to financially support Kaiser Foundation Health Plan Inc and its subsidiaries. This organization serves as a crucial partner, helping to manage various risks and exposures.
More specifically, Lokahi Assurance Ltd focuses on providing a funding solution for professional and general liability, workers' compensation liability, managed care liability, as well as pandemic, terrorism, cyber security, and earthquake exposures. By doing so, it ensures that Kaiser Foundation Health Plan Inc and its subsidiaries can effectively manage their risks and mitigate potential financial losses.
As a supporting organization, Lokahi Assurance Ltd plays a vital role in safeguarding the financial stability of Kaiser Foundation Health Plan Inc and its subsidiaries. Its mission is to create a robust financial framework that enables these organizations to focus on their core operations and pursue their goals, while minimizing the impact of unforeseen risks and exposures.
In essence, Lokahi Assurance Ltd acts as a financial backbone, allowing Kaiser Foundation Health Plan Inc and its subsidiaries to operate with confidence and assurance, knowing that their financial risks are well managed.
Impact
This information is meant to be a general summary of Lokahi Assurance Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lokahi Assurance Ltd's impact lies in providing a vital means of financing for professional and general liability, workers' compensation liability, managed care liability, and various other critical exposures for Kaiser Foundation Health Plan Inc and its subsidiaries. By offering essential support in these areas, Lokahi Assurance Ltd plays a crucial role in ensuring the financial stability and risk management capabilities of the healthcare industry, particularly in the face of challenges like pandemics, terrorism, cyber security threats, and earthquakes. This organization contributes significantly to the overall resilience and sustainability of healthcare operations, ultimately benefiting the community at large.
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.
PREMIUMS EARNED
Revenue
$410,348,646
Organization Details
Founding Year
2002
Phone
(510) 271-6611
Principal Officer
Martin T King
Main Address
ONE KAISER PLAZA - 26TH FLOOR, OAKLAND, CA, 94612
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Lokahi Assurance Ltd 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.