Overview
What is Affiliates Risk Management Servicesinc?
Affiliates Risk Management Servicesinc is a New York-based nonprofit organization, specifically located at 215 Lexington Avenue, 12th Floor, New York, NY 10016. They serve as the program administrator for the National Insurance Program (NIP), designing, implementing, administering, and procuring a comprehensive insurance program tailored for tax-exempt entities. The organization's mission is to offer educational and risk and quality management services, enabling its clients to enhance patient safety, improve health outcomes, and minimize the risk of loss. With a team of 40 employees, they provide stability and affordability to their clients, ensuring their insurance coverage is effective and efficient.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Affiliates Risk Management Servicesinc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates effective management of its resources and a commitment to transparency. Key indicators include a majority of independent board members and a robust financial oversight structure, which reinforces its reliability as a charitable entity.
The organization showcases a high level of integrity with no reported material diversion of assets and a solid conflict of interest policy in place. It also maintains a whistleblower policy and documents board meeting minutes, further enhancing its governance practices. The financial health of the nonprofit is evidenced by a low liabilities to assets ratio of 8.56% and a program expense ratio of 90.36%, indicating that a substantial portion of its funds are directed towards its mission-driven activities.
While the data highlights significant organizational strengths, there are no noted limitations or concerns in the feedback. Overall, Affiliates Risk Management Servicesinc stands out as a well-managed nonprofit, committed to accountability and effective use of funds in support of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Affiliates Risk Management Servicesinc legitimate?
Affiliates Risk Management Servicesinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affiliates Risk Management Servicesinc 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: $2,288,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,325,128
For more financial information, click here
What is the mission statement of Affiliates Risk Management Servicesinc?
Affiliates Risk Management Services administers a comprehensive and stable insurance program, providing educational and risk and quality management services to enhance patient safety, improve health outcomes, and minimize the risk of loss for its clients. The organization plays a crucial role as the program administrator for the National Insurance Program, managing its design, implementation, administration, and procurement to offer a variety of insurance coverages specifically designed for tax-exempt entities. By taking on these responsibilities, Affiliates Risk Management Services enables its clients to focus on their core missions while ensuring they have adequate protection and resources. The organization's commitment to risk mitigation and quality improvement enables better healthcare delivery for the communities they serve.
Who is the CEO of Affiliates Risk Management Servicesinc?
J Cobrin is the President And Ceo of Affiliates Risk Management Servicesinc. The CEO's salary of Affiliates Risk Management Servicesinc is $1,029,437 and their total compensation is $1,256,531.
What is the revenue of Affiliates Risk Management Servicesinc?
Affiliates Risk Management Servicesinc's revenue in 2022 was $30,128,875.
Who are the executives of Affiliates Risk Management Servicesinc and what are their salaries?
The average compensation at Affiliates Risk Management Servicesinc during 2022 was $140,333. There are 40 employees and 13 volunteers at Affiliates Risk Management Servicesinc.
Here are 22 key members and their salaries (Affiliates Risk Management Servicesinc's CEO's salary is $1,029,437 and their total compensation is $1,256,531):
- Compensation: $1,029,437
- Related: $0
- Other: $227,094
- Compensation: $301,447
- Related: $0
- Other: $84,660
- Compensation: $261,606
- Related: $0
- Other: $86,743
- Compensation: $221,206
- Related: $0
- Other: $75,991
- Compensation: $226,487
- Related: $0
- Other: $59,375
- Compensation: $189,461
- Related: $0
- Other: $37,086
- Compensation: $164,018
- Related: $0
- Other: $54,825
- Compensation: $192,189
- Related: $0
- Other: $19,396
- Compensation: $168,792
- Related: $0
- Other: $39,796
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Affiliates Risk Management Servicesinc?
Affiliates Risk Management Servicesinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Affiliates Risk Management Servicesinc
Affiliates Risk Management Services, a program administrator, is committed to administering a comprehensive, stable, and affordable insurance program for its clients. By providing educational and risk and quality management services, this organization assists its clients in enhancing patient safety, improving health outcomes, and minimizing the risk of loss. The mission of Affiliates Risk Management Services is multifaceted. They not only design and implement a variety of insurance coverages tailored specifically for tax-exempt entities, but also administer and procure these offerings to ensure their clients are well-protected. Affiliates Risk Management Services plays a vital role in the risk management landscape by offering a range of services that go beyond insurance coverage. Their educational offerings help clients better understand their risks and how to manage them effectively, ultimately leading to improved patient care and organizational success. The risk and quality management services provided by Affiliates Risk Management Services help clients identify and address potential issues before they escalate into major challenges. Through their expertise and dedication, Affiliates Risk Management Services empowers its clients to minimize risks, enhance patient safety, and deliver superior health outcomes.
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Impact
October, 2024
Affiliates Risk Management Servicesinc plays a pivotal role in enhancing patient safety and improving health outcomes through its comprehensive and affordable insurance programs. By administering a stable insurance initiative specifically tailored for tax-exempt entities, the organization helps mitigate financial risks associated with healthcare operations. Its focus on risk and quality management services empowers clients to proactively address potential vulnerabilities, thereby minimizing the risk of loss.
The organization also emphasizes educational services that foster an informed approach to risk management among its clients. This commitment to education ensures that healthcare providers can implement best practices, leading to enhanced operational efficiency and better patient care. Ultimately, Affiliates Risk Management Servicesinc contributes significantly to the overall stability of healthcare organizations, particularly those serving under-resourced communities, thereby facilitating improvements in community health and safety.
This information is meant to be a general summary of Affiliates Risk Management Servicesinc. 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: $422,306
- Program Service Revenue: $26,511,207
- Gross Receipts: $32,556,904
Assets and Liabilities:
- Total Assets: $23,856,228
- Total Liabilities: $2,415,797
- Net Assets: $21,440,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT/MANAGEMENT FEES
Revenue
$26,416,139
COURSE DEVELOPMENT & TRAINING
Revenue
$64,933
CONSULTING FEES - EPIC
Revenue
$30,135
Organization Details
Founding Year
2001
Phone
(212) 261-4440Principal Officer
J Cobrin
Main Address
215 LEXINGTON AVENUE 12TH FLOOR, NEW YORK, NY, 10016
NTEE Category
Code: S50 - Community improvement
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