Overview
What is Guthrie Risk Retention Group?
The Guthrie Risk Retention Group is a nonprofit organization situated in Charleston, South Carolina, with its address being 100 Brigade Street, Suite 202. This organization, functioning under the Federal Liability Risk Retention Act of 1986, primarily provides risk management services to The Guthrie Clinic and its affiliates. As an IRC Section 501(c)(3) tax-exempt entity, it operates as an integrated healthcare delivery system, aimed at offering a tax-exempt status while managing risks associated with healthcare operations. The organization's mission is to ensure the smooth operation of The Guthrie Clinic and its affiliates, providing them with necessary risk retention services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Guthrie Risk Retention Group holds a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas for improvement. The Accountability & Finance score of 73 reflects a relatively solid performance in financial management, particularly with a high program expense ratio of 89.42%, showcasing a commitment to its mission through programmatic spending.
However, the organization lacks independent board members, scoring 0 out of 8 points in that category, which raises concerns about governance and accountability. Additionally, the absence of their website listed on tax forms and failure to post tax forms on their website suggests a lack of transparency that could affect stakeholder trust. Despite these limitations, the organization has established robust policies such as conflict of interest and whistleblower policies, which indicate a commitment to ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Guthrie Risk Retention Group legitimate?
Guthrie Risk Retention Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guthrie Risk Retention Group 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
What is the mission statement of Guthrie Risk Retention Group?
The Guthrie Risk Retention Group operates as a risk retention group under the Federal Liability Risk Retention Act of 1986, providing protection to The Guthrie Clinic and its affiliates. This group is part of a tax-exempt integrated healthcare delivery system, aiming to manage and mitigate risks associated with healthcare operations within its scope. Its primary objective is to support the operations of the healthcare system it serves, incurring expenses related to its role as a risk retention group.
Who is the CEO of Guthrie Risk Retention Group?
Edmund Sabanegh Md Mba is the President - Director of Guthrie Risk Retention Group.
What is the revenue of Guthrie Risk Retention Group?
Guthrie Risk Retention Group's revenue in 2022 was $9,200,162.
Who are the executives of Guthrie Risk Retention Group and what are their salaries?
There 2 volunteers at Guthrie Risk Retention Group.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $1,380,960
- Other: $192,157
- Compensation: $0
- Related: $603,700
- Other: $85,656
- Compensation: $0
- Related: $494,832
- Other: $22,487
- Compensation: $0
- Related: $315,870
- Other: $16,873
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Guthrie Risk Retention Group?
Guthrie Risk Retention Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Guthrie Risk Retention Group
The Guthrie Risk Retention Group, a tax-exempt organization under IRC Section 501(c)(3), operates as a risk retention group under the Federal Liability Risk Retention Act of 1986. This nonprofit is dedicated to supporting The Guthrie Clinic and its affiliates, an integrated healthcare delivery system. Its primary mission is to manage and cover the expenses incurred while operating as a risk retention group, ensuring the smooth functioning of this crucial healthcare system. By doing so, the Guthrie Risk Retention Group plays a vital role in the overall healthcare sector, contributing to the delivery of quality medical services in a responsible and financially sound manner.
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Impact
June, 2024
Guthrie Risk Retention Group's impact lies in providing crucial risk retention services under the Federal Liability Risk Retention Act of 1986 to The Guthrie Clinic and its affiliates. Operating as a tax-exempt integrated healthcare delivery system, Guthrie Risk Retention Group plays a key role in managing expenses and mitigating risks within the healthcare sector. This directly contributes to the sustainability and efficiency of healthcare services offered by The Guthrie Clinic and its affiliates, ultimately benefiting the community and supporting the organization's mission of providing high-quality healthcare services.
This information is meant to be a general summary of Guthrie Risk Retention Group. 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: -$245,356
- Program Service Revenue: $9,445,518
- Gross Receipts: $53,753,607
Assets and Liabilities:
- Total Assets: $65,456,406
- Total Liabilities: $38,139,995
- Net Assets: $27,316,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS EARNED
Revenue
$9,445,518
Organization Details
Founding Year
2004
Phone
(843) 577-1032Principal Officer
Edmund Sabanegh Md Mba
Main Address
100 BRIGADE STREET SUITE 202, CHARLESTON, SC, 29403
NTEE Category
Code: F11 - Mental health
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