Overview
What is The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider?
The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider is a self-insurance reserve fund established by the Brooklyn Hospital Center. This nonprofit entity was created with the purpose of protecting the hospital by discharging liabilities stemming from losses not covered by its insurance policies. Specifically, it manages payments for malpractice benefits and claims for the member hospital covered under the self-insurance program. This ensures financial stability and risk management for the Brooklyn Hospital Center, ultimately safeguarding its operations and commitment to patient care.
Official website here: www.tbh.org
Is The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider legitimate?
The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider 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.
Heare 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.tbh.org
What is the mission statement of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider?
The Brooklyn Hospital Self Insurance Trust, formerly known as Brooklyn Hospital Provider, established a self-insurance reserve fund to safeguard itself from liabilities resulting from losses not covered by its insurance policies. This fund is designed to discharge certain responsibilities arising from such uninsured incidents. The primary activity under this self-insurance program involves making payments for malpractice benefits and settling claims on behalf of the member hospital that is part of the self-insurance program.
Official website here: www.tbh.org
Who is the CEO of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider?
Gary Terrinoni is the President & Ceo of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider. The CEO's salary of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider is $0 and their total compensation is $1,569,984.
Official website here: www.tbh.org
What is the revenue of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider?
The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider's revenue in 2022 was $16,535.
Official website here: www.tbh.org
Who are the executives of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider and what are their salaries?
There 19 volunteers at The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider.
Here are 36 key members and their salaries (The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider's CEO's salary is $0 and their total compensation is $1,569,984):
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- Related: $1,558,000
- Other: $11,984
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- Related: $248,462
- Other: $10,438
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- Related: $325,000
- Other: $9,183
- Compensation: $0
- Related: $335,000
- Other: $5,497
- Compensation: $0
- Related: $670,000
- Other: $3,050
- Compensation: $0
- Related: $438,532
- Other: $11,984
- Compensation: $0
- Related: $430,000
- Other: $5,826
- Compensation: $0
- Related: $582,500
- Other: $3,050
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- Related: $405,000
- Other: $11,684
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- Related: $380,000
- Other: $5,918
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- Related: $405,000
- Other: $11,984
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- Related: $685,000
- Other: $3,830
- Compensation: $0
- Related: $751,000
- Other: $9,872
- Compensation: $0
- Related: $450,000
- Other: $11,984
- Compensation: $0
- Related: $237,500
- Other: $5,807
Official website here: www.tbh.org
Where can I find the form 990 for The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider?
The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tbh.org
Learn more at the official website: www.tbh.org
Mission Statement of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider
The Brooklyn Hospital Self Insurance Trust, formerly known as Brooklyn Hospital Provider, was established with a mission to safeguard itself by discharging certain liabilities caused by losses not covered by insurance policies. This self-insurance reserve fund was created by the Brooklyn Hospital Center to provide financial protection in the event of unforeseen circumstances. The fund is utilized for making payments for malpractice benefits and handling claims for the member hospital covered under the self-insurance program. This proactive measure ensures the hospital's financial stability and ability to continue providing essential healthcare services to its community.
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Impact
October, 2024
The Brooklyn Hospital Self Insurance Trust, formerly known as the Brooklyn Hospital Provider, plays a crucial role in the financial management and risk mitigation strategies of healthcare services in Brooklyn, NY. By establishing a self-insurance reserve fund, the Trust enables the Brooklyn Hospital Center to effectively manage and discharge certain liabilities that may arise from losses not covered by traditional insurance policies.
This self-insurance program specifically addresses payments related to malpractice benefits and claims. By providing a dedicated reserve for these unexpected financial burdens, the Trust enhances the hospital's ability to respond to legal challenges and financial risks. This proactive approach helps maintain the hospital's stability and continuity of care, ultimately benefiting the community as it ensures that essential health services remain available, even in the face of potential legal claims.
Furthermore, the self-insurance framework allows for more strategic financial planning, as the hospital can better anticipate its liabilities and allocate resources accordingly. This can lead to improvements in patient care and hospital operations, as funds can be directed toward enhancing services rather than being exclusively used to cover insurance premiums or reactive measures to legal claims. Overall, the Trust significantly contributes to the operational resilience and financial health of the Brooklyn Hospital Center, facilitating a sustainable healthcare environment for the local population.
This information is meant to be a general summary of The Brooklyn Hospital Self Insurance Trust F/K/A Brooklyn Hospital Provider. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $16,535
- Gross Receipts: $16,535
Assets and Liabilities:
- Total Assets: $51,222,785
- Total Liabilities: $51,222,785
- Net Assets: $0
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Organization Details
Founding Year
1977
Phone
(718) 250-6755Principal Officer
Gary Terrinoni
Main Address
121 DEKALB AVENUE, BROOKLYN, NY, 11201
Website
www.tbh.orgNTEE Category
Code: Y20 - Mutual benefit
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