Overview
What is Pocono Health System Medical Professional Liability Self-Ins Trust?
The Pocono Health System Medical Professional Liability Self-Ins Trust is a nonprofit organization based in Allentown, Pennsylvania. Its primary function involves accumulating and managing funds for a self-insurance program, specifically catering to professional liability risks. This trust serves as a financial resource for Pocono Health System and its affiliated not-for-profit corporations, such as Pocono Medical Center, Pocono Healthcare Partners, Family Care Centers, Inc., Pocono Ambulatory Services, Inc., Pocono Health Foundation, and Pocono VNA-Hospice. The trust's mission is to provide exceptional healthcare services, aiming to best serve its community and contribute to the overall well-being of the community it serves.
Is Pocono Health System Medical Professional Liability Self-Ins Trust legitimate?
Pocono Health System Medical Professional Liability Self-Ins Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pocono Health System Medical Professional Liability 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: $15,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pocono Health System Medical Professional Liability Self-Ins Trust?
The Pocono Health System Medical Professional Liability Self-Ins Trust's mission, in essence, is centered around providing exceptional healthcare close to home. Their vision, on the other hand, is to serve their community effectively, striving to build a healthier community as a whole. The trust was established to accumulate and manage funds for a self-insurance program, specifically for professional liability risks. These funds are held on behalf of Pocono Health System and its affiliated not-for-profit corporations, ensuring they have the necessary resources for managing potential liability issues.
Who is the CEO of Pocono Health System Medical Professional Liability Self-Ins Trust?
Robert Thomas is the Trustee of Pocono Health System Medical Professional Liability Self-Ins Trust.
What is the revenue of Pocono Health System Medical Professional Liability Self-Ins Trust?
Pocono Health System Medical Professional Liability Self-Ins Trust's revenue in 2022 was $603,969.
Who are the executives of Pocono Health System Medical Professional Liability Self-Ins Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $15,383
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $555,337
- Other: $18,877
Where can I find the form 990 for Pocono Health System Medical Professional Liability Self-Ins Trust?
Pocono Health System Medical Professional Liability Self-Ins Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pocono Health System Medical Professional Liability Self-Ins Trust
Pocono Health System Medical Professional Liability Self-Ins Trust, in its mission, is dedicated to providing exceptional care that is readily accessible within the local community. Their ultimate goal is to serve their community effectively, with the aim of fostering a healthier environment. The Trust was established for a specific purpose: to collect and manage funds for a self-insurance program, focusing on professional liability risks. It serves as a financial backbone for Pocono Health System and its affiliated not-for-profit corporations, such as Pocono Medical Center, Pocono Healthcare Partners, Family Care Centers, Inc., Pocono Ambulatory Services, Inc., Pocono Health Foundation, and Pocono VNA-Hospice. The Trust's role is crucial in supporting these organizations in handling potential professional liability issues, thereby ensuring the continuity of their services to the community.
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Impact
October, 2024
Pocono Health System Medical Professional Liability Self-Ins Trust plays a vital role in managing financial risks associated with professional liability within the healthcare sector. By accumulating and holding funds specifically for self-insurance, the Trust supports Pocono Health System and its affiliated entities, ensuring that they are well-prepared to handle potential claims and liabilities. This strategic financial reserve enhances the organization's ability to provide consistent, quality care to the community while safeguarding against unforeseen legal and financial challenges.
The Trust's existence also underscores a commitment to maintaining a robust healthcare environment by facilitating the transfer of risk away from direct operational costs. This stability fosters confidence among healthcare providers, allowing them to focus on delivering healthcare services without the looming anxiety of financial strain due to liabilities. Consequently, the Trust enables Pocono Health System to adhere to its mission of providing world-class care close to home while striving for the long-term goal of building a healthier community.
This information is meant to be a general summary of Pocono Health System Medical Professional Liability 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: $106,184
- Gross Receipts: $1,609,458
Assets and Liabilities:
- Total Assets: $4,744,482
- Total Liabilities: $1,922,263
- Net Assets: $2,822,219
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Organization Details
Founding Year
2003
Phone
(484) 224-1876Principal Officer
Robert Thomas
Main Address
PO BOX 4000, ALLENTOWN, PA, 18105
NTEE Category
Code: Y202 - Mutual benefit
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