Overview
What is Glens Falls Hospital Self Ins Trust?
Glens Falls Hospital Self Ins Trust is a self-insurance entity established as an integral part of Glens Falls Hospital in New York. Its primary role is to manage and handle malpractice and general liability claims brought against the hospital itself. This trust serves as a financial shield, ensuring that the hospital can adequately address and resolve such claims without relying on external insurance providers. This arrangement allows the hospital to maintain control over its risk management and potential liability expenses.
Official website here: www.glensfallshospital.org
Is Glens Falls Hospital Self Ins Trust legitimate?
Glens Falls Hospital Self Ins Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glens Falls Hospital Self Ins 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.
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.glensfallshospital.org
What is the mission statement of Glens Falls Hospital Self Ins Trust?
The Glens Falls Hospital Self-Insurance Trust is established to serve an integral role within Glens Falls Hospital, primarily focusing on funding and managing malpractice and general liability claims brought against the hospital. Its mission is centered around financially supporting and administratively handling such claims, thereby protecting the hospital from potential financial repercussions.
Official website here: www.glensfallshospital.org
Who is the CEO of Glens Falls Hospital Self Ins Trust?
Mitchell Amado Iii is the Principal Officer of Glens Falls Hospital Self Ins Trust.
Official website here: www.glensfallshospital.org
What is the revenue of Glens Falls Hospital Self Ins Trust?
Glens Falls Hospital Self Ins Trust's revenue in 2022 was $2,165,370.
Official website here: www.glensfallshospital.org
Who are the executives of Glens Falls Hospital Self Ins Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $24,726
- Related: $0
- Other: $0
Official website here: www.glensfallshospital.org
Where can I find the form 990 for Glens Falls Hospital Self Ins Trust?
Glens Falls Hospital Self Ins Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glensfallshospital.org
Learn more at the official website: www.glensfallshospital.org
Mission Statement of Glens Falls Hospital Self Ins Trust
Glens Falls Hospital Self Ins Trust, as an integral part of Glens Falls Hospital, was established with a mission to fund and manage malpractice and general liability claims against the hospital itself. This trust serves as a safeguard, ensuring that the necessary resources are available to handle these claims effectively, thus protecting the hospital's interests. The trust's primary role is to process these claims in a timely and efficient manner, providing a stable financial environment for Glens Falls Hospital. By doing so, the trust enables the hospital to continue its vital healthcare services, undeterred by potential legal challenges.
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Impact
October, 2024
The Glens Falls Hospital Self-Insurance Trust plays a crucial role in maintaining the financial stability and operational integrity of Glens Falls Hospital by funding and processing malpractice and general liability claims. By effectively managing these risks, the Trust helps ensure that the hospital can continue to provide quality care to the community without the burden of unpredictable liability costs. This proactive approach not only protects the hospital's resources but also fosters an environment of safety and accountability in healthcare services. Overall, the Trust supports the hospital's mission by mitigating financial risks associated with potential claims, thereby enhancing patient trust and community confidence in the institution.
This information is meant to be a general summary of Glens Falls Hospital Self Ins Trust. 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: $100,870
- Program Service Revenue: $2,064,500
- Gross Receipts: $2,165,370
Assets and Liabilities:
- Total Assets: $9,021,577
- Total Liabilities: $0
- Net Assets: $9,021,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Funding from Glens Falls Hospital
Revenue
$2,064,500
Organization Details
Founding Year
1988
Phone
(518) 926-5013Principal Officer
Mitchell Amado Iii
Main Address
100 Park Street, Glens Falls, NY, 12801
Website
www.glensfallshospital.orgNTEE Category
Code: Y200 - Mutual benefit
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