Overview
What is The Southampton Hospital Association?
The Southampton Hospital Association is a nonprofit organization situated in New York, NY. Its primary function is to support Southampton Hospital by managing a self-insured Malpractice Trust. This trust serves to cover general patient liability losses resulting from malpractice claims filed against the hospital. The association's activities revolve around managing malpractice payments and various associated fees.
Is The Southampton Hospital Association legitimate?
The Southampton Hospital Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Southampton Hospital Association 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: $1,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Southampton Hospital Association?
The Southampton Hospital Association serves a specific purpose through its self-insured Malpractice Trust. This initiative is designed to provide financial assistance for general patient liability losses stemming from malpractice claims filed against Southampton Hospital. In essence, the association's mission is to safeguard the hospital from substantial financial losses resulting from such claims, ensuring continuity of care for its patients.
Who is the CEO of The Southampton Hospital Association?
Unavailable
What is the revenue of The Southampton Hospital Association?
The Southampton Hospital Association's revenue in 2022 was $7,511.
Who are the executives of The Southampton Hospital Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,500
- Related: $0
- Other: $0
Where can I find the form 990 for The Southampton Hospital Association?
The Southampton Hospital Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Southampton Hospital Association
The Southampton Hospital Association, as a self-insured entity, is committed to providing financial support for general patient liability losses resulting from malpractice claims filed against Southampton Hospital. This mission is carried out through their Malpractice Trust, which serves as a source of funds for such instances. The association's activities are primarily focused on managing malpractice payments and various associated fees. While the specific details of their programs and services beyond this mission are not provided in the information, it is clear that the Southampton Hospital Association plays a crucial role in mitigating financial risks associated with malpractice claims for the hospital.
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Impact
October, 2024
The Southampton Hospital Association significantly impacts patient safety and financial stability by operating a self-insured malpractice trust. This mechanism is designed to provide essential funds for general patient liability losses resulting from malpractice claims against Southampton Hospital. By facilitating these payments and covering various fees associated with malpractice, the association helps to ensure that the hospital can effectively manage its liabilities while maintaining the quality of care for patients. In doing so, it plays a crucial role in supporting the healthcare infrastructure in New York, ultimately fostering trust and accountability within the medical environment.
This information is meant to be a general summary of The Southampton Hospital Association. 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: $11
- Gross Receipts: $7,511
Assets and Liabilities:
- Total Assets: $3,641
- Total Liabilities: $0
- Net Assets: $3,641
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Organization Details
Founding Year
2002
Phone
(212) 632-3000Main Address
C/O FID TR CO INTL-280 PARK AVE, NEW YORK, NY, 10017
NTEE Category
Code: E31 - Health
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