Overview
What is Exeter Health Resources Inc Self-Insurance Trust?
Exeter Health Resources Inc Self-Insurance Trust is a self-funding entity based in Exeter, New Hampshire, specifically located at 5 Alumni Drive. Its primary purpose is to provide financial support for various losses, including professional, general, and other liabilities, for organizations under the control of Exeter Health Resources, Inc. The trust's operational decisions are informed by actuarial reviews of the medical professional and general liability exposure of the aforementioned company. During the fiscal year ending in September 2022, an additional funding of the trust was not deemed necessary. In essence, this self-insurance trust serves as a safety net, safeguarding supported organizations against potential financial losses.
Is Exeter Health Resources Inc Self-Insurance Trust legitimate?
Exeter Health Resources Inc Self-Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exeter Health Resources Inc Self-Insurance 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: $19,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Exeter Health Resources Inc Self-Insurance Trust?
The Exeter Health Resources Inc Self-Insurance Trust is a self-funded entity, its primary mission involves holding resources to cover potential losses for the organizations it supports. Specifically, it provides funding for various types of liability claims, such as professional and general liabilities, for organizations that have a direct or indirect relationship with Exeter Health Resources, Inc. During the fiscal year ending September 30, 2022, an actuarial review concluded that no additional funding was required for the self-insured trust due to the existing liability exposure of Exeter Health Resources, Inc. In essence, the trust serves as a financial cushion to protect the supported organizations from potential financial losses.
Who is the CEO of Exeter Health Resources Inc Self-Insurance Trust?
Debra Cresta is the Principal Officer of Exeter Health Resources Inc Self-Insurance Trust.
What is the revenue of Exeter Health Resources Inc Self-Insurance Trust?
Exeter Health Resources Inc Self-Insurance Trust's revenue in 2022 was -$55,020.
Who are the executives of Exeter Health Resources Inc Self-Insurance Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $19,992
- Related: $0
- Other: $0
Where can I find the form 990 for Exeter Health Resources Inc Self-Insurance Trust?
Exeter Health Resources Inc Self-Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Exeter Health Resources Inc Self-Insurance Trust
Exeter Health Resources Inc's Self-Insurance Trust is dedicated to holding funds intended to cover potential losses for the organizations it supports. These organizations are either directly or indirectly controlled by Exeter Health Resources, Inc. The mission of this trust, in essence, is to act as a financial safety net, providing resources to cover professional, general, and other liability losses. The trust's operations are based on a thorough actuarial review of Exeter Health Resources, Inc.'s medical professional and general liability exposure, which determines the necessary funding for the trust. During the fiscal year ending September 2022, it was determined that there was no need for additional funding for the self-insured trust. This indicates the trust's effectiveness in managing and allocating its resources to cover potential losses.
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Impact
October, 2024
Exeter Health Resources Inc Self-Insurance Trust plays a crucial role in managing and mitigating risk for organizations associated with Exeter Health Resources, Inc. By holding funds specifically dedicated to covering losses related to professional, general, and other liability issues, the trust ensures that these organizations are well-protected against potential financial setbacks.
Its impact can be summarized in several key areas:
1. **Financial Protection**: The trust provides a safety net for the organizations it supports, allowing them to operate with greater confidence and security knowing they have funds available to cover unexpected liability claims.
2. **Risk Management**: By conducting regular actuarial reviews of medical professional and general liability exposure, the trust continually assesses the financial needs and risk levels of the entities it serves. This proactive approach helps maintain adequate reserves and underscores responsible risk management practices.
3. **Operational Stability**: With the assurance that liability losses are covered, these organizations can focus on delivering healthcare services without the constant worry of significant financial burdens arising from unforeseen legal claims.
4. **Community Health Support**: By stabilizing the financial footing of healthcare entities, the trust ultimately contributes to the overall health of the community, ensuring that necessary medical services remain available and accessible.
5. **Trust Oversight**: The trust operates with a clear mission to safeguard the interests of supported organizations, emphasizing the importance of accountability and the strategic allocation of self-insured funds.
In summary, Exeter Health Resources Inc Self-Insurance Trust is essential for sustaining the operational integrity and financial security of the healthcare organizations under its umbrella, thereby positively influencing the community's health landscape.
This information is meant to be a general summary of Exeter Health Resources Inc Self-Insurance 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: -$55,020
- Gross Receipts: $4,798,348
Assets and Liabilities:
- Total Assets: $3,785,731
- Total Liabilities: $14,314,316
- Net Assets: -$10,528,585
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Organization Details
Founding Year
2003
Phone
(603) 580-6751Principal Officer
Debra Cresta
Main Address
5 Alumni Drive, Exeter, NH, 03833
NTEE Category
Code: E210 - Health
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