Overview
What is The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association?
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association is a nonprofit organization, specifically based in Ridgeland, Mississippi. Their primary mission is to establish mechanisms for the payment of covered claims under self-insurance coverage. This ensures that claimants do not experience undue delays in receiving their payments and avoid financial losses due to the insolvency of a self-insurer. By performing this role, the association aims to maintain stability and security within the self-insurance system, protecting both employers and employees in the state.
Is The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association legitimate?
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Mississippi Workers' Compensation Group Self-Insurer Guaranty 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.
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What is the mission statement of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association?
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association's mission is to establish mechanisms for the timely payment of covered claims under self-insurance coverage. This organization aims to prevent excessive delays in payment and financial loss to claimants due to the insolvency of a self-insurer. By providing these mechanisms, the association seeks to ensure that claimants receive their due compensation, protecting them from potential financial hardships.
Who is the CEO of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association?
Michael Callahan is the Chairman of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association.
What is the revenue of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association?
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association's revenue in 2022 was $58,053.
Who are the executives of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association?
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association is committed to providing mechanisms that ensure the payment of covered claims under self-insurance coverage. Its mission is to prevent excessive delays in payment and shield claimants from financial loss due to the insolvency of a self-insurer. By implementing these mechanisms, the organization aims to uphold its responsibility towards claimants, ensuring they receive the necessary compensation without undue delay or financial hardship.
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Impact
October, 2024
The Mississippi Workers' Compensation Group Self-Insurer Guaranty Association plays a crucial role in ensuring that claimants receive timely and adequate compensation under self-insurance programs. By providing mechanisms for the payment of covered claims, the Association mitigates the risks associated with the insolvency of self-insurers, thereby protecting the financial interests of injured workers.
Through its efforts, the Association significantly reduces the likelihood of excessive delays in the payment process, ensuring that claimants are not left in financial distress due to unforeseen circumstances involving self-insured entities. This proactive approach fosters a more stable and reliable workers' compensation system in Mississippi, benefiting both employees and employers by promoting accountability in self-insurance practices. Overall, the Association's impact is vital in preserving trust and financial security within the state's workers' compensation framework.
This information is meant to be a general summary of The Mississippi Workers' Compensation Group Self-Insurer Guaranty 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: $33,053
- Gross Receipts: $123,294
Assets and Liabilities:
- Total Assets: $1,148,581
- Total Liabilities: $0
- Net Assets: $1,148,581
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Organization Details
Founding Year
2005
Phone
(601) 605-8605Principal Officer
Michael Callahan
Main Address
PO BOX 3300, RIDGELAND, MS, 39158
NTEE Category
Code: Y25 - Mutual benefit
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