Overview
What is Shore Memorial Hospital Workers Compensation Trust?
Shore Memorial Hospital Workers Compensation Trust is a specialized organization, established to ensure compliance with New Jersey's Workers Compensation law for the employees of Shore Memorial Hospital. They operate as a trust fund, primarily dedicated to providing workmans compensation benefits to hospital employees. This is accomplished through a combination of self-insurance and additional insurance coverage, as outlined in their mission. Their primary focus is on offering compensation benefits to the hospital's employees in the event of work-related injuries or illnesses.
Is Shore Memorial Hospital Workers Compensation Trust legitimate?
Shore Memorial Hospital Workers Compensation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shore Memorial Hospital Workers Compensation 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: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Shore Memorial Hospital Workers Compensation Trust?
The Shore Memorial Hospital Workers Compensation Trust is dedicated to providing workers compensation benefits directly to the employees of Shore Memorial Hospital. This is achieved through self-insurance and certain excess insurance coverage, in compliance with New Jersey's workers compensation law. The primary objective of the Trust is to offer financial support and protection to the hospital's workforce in case of work-related injuries or illnesses. The Trust's activities are centered around providing adequate compensation to employees, ensuring compliance with the workers compensation law, and offering peace of mind to the hospital staff regarding their work-related injuries or health issues.
What is the revenue of Shore Memorial Hospital Workers Compensation Trust?
Shore Memorial Hospital Workers Compensation Trust's revenue in 2023 was $1,009,193.
Who are the executives of Shore Memorial Hospital Workers Compensation Trust and what are their salaries?
There 6 volunteers at Shore Memorial Hospital Workers Compensation Trust.
Here are 6 key members and their salaries:
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Shore Memorial Hospital Workers Compensation Trust?
Shore Memorial Hospital Workers Compensation Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Shore Memorial Hospital Workers Compensation Trust
Shore Memorial Hospital Workers Compensation Trust is an organization dedicated to providing workers compensation benefits to the employees of Shore Memorial Hospital. They achieve this mission through self-insurance and certain excess insurance coverage, operating in compliance with New Jersey's workers compensation law. Essentially, the Trust serves as a safety net for hospital employees, ensuring they receive the necessary compensation in case of work-related injuries or illnesses. This benevolent initiative helps protect and support the wellbeing of the hospital staff, ensuring they can focus on their vital roles in healthcare provision without the added worry of financial uncertainty following an accident at work.
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Impact
October, 2024
Shore Memorial Hospital Workers Compensation Trust directly enhances employee security and satisfaction by providing essential workers' compensation benefits. Through self-insurance and selective excess insurance coverage, the Trust ensures that employees of Shore Memorial Hospital receive necessary support in compliance with New Jersey workers' compensation laws. This focus on employee welfare allows staff to feel protected against workplace injuries and uncertainties, fostering a safer and more resilient working environment. By prioritizing the well-being of its workforce, the Trust contributes significantly to maintaining high standards of care and operational integrity within the hospital, ultimately benefiting the broader community it serves.
This information is meant to be a general summary of Shore Memorial Hospital Workers Compensation 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 2023.
- Investment Income: $9,193
- Program Service Revenue: $1,000,000
- Gross Receipts: $1,009,193
Assets and Liabilities:
- Total Assets: $147,683
- Total Liabilities: $1,080,338
- Net Assets: -$932,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,000,000
Organization Details
Founding Year
1994
Principal Officer
John S Wimberg
NTEE Category
Code: Y20 - Mutual benefit
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