Overview
What is The Reading Hospital & Medical Center Self-Insurance Fund?
The Reading Hospital & Medical Center Self-Insurance Fund is a specialized reserve established to manage the associated expenses related to professional and general liability claims brought against The Reading Hospital, a recognized 501(c)(3) organization. This fund serves a crucial role in supporting the hospital's operations by providing financial resources for addressing such claims. By maintaining this self-insurance fund, The Reading Hospital can manage its liability risks more effectively, ultimately contributing to its ongoing operations and services.
Is The Reading Hospital & Medical Center Self-Insurance Fund legitimate?
The Reading Hospital & Medical Center Self-Insurance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Reading Hospital & Medical Center Self-Insurance Fund 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
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What is the mission statement of The Reading Hospital & Medical Center Self-Insurance Fund?
The Reading Hospital & Medical Center Self-Insurance Fund's mission is primarily focused on supporting the operations of the associated hospital. It serves as a reserve, specifically for the covering of the associated costs related to professional and general liability claims brought against the hospital. This fund ensures financial resources are available to handle such claims, thereby maintaining the hospital's operational continuity.
Who is the CEO of The Reading Hospital & Medical Center Self-Insurance Fund?
Charles Barbera is the Ceo As Of 4/ of The Reading Hospital & Medical Center Self-Insurance Fund. The CEO's salary of The Reading Hospital & Medical Center Self-Insurance Fund is $0 and their total compensation is $780,860.
What is the revenue of The Reading Hospital & Medical Center Self-Insurance Fund?
The Reading Hospital & Medical Center Self-Insurance Fund's revenue in 2022 was $369,915.
Who are the executives of The Reading Hospital & Medical Center Self-Insurance Fund and what are their salaries?
There 6 volunteers at The Reading Hospital & Medical Center Self-Insurance Fund.
Here are 15 key members and their salaries (The Reading Hospital & Medical Center Self-Insurance Fund's CEO's salary is $0 and their total compensation is $780,860):
- Compensation: $0
- Related: $724,483
- Other: $177,354
- Compensation: $0
- Related: $846,731
- Other: $29,822
- Compensation: $0
- Related: $851,695
- Other: $16,366
- Compensation: $0
- Related: $638,498
- Other: $142,362
- Compensation: $0
- Related: $533,442
- Other: $9,734
- Compensation: $0
- Related: $391,418
- Other: $61,047
- Compensation: $0
- Related: $267,763
- Other: $36,185
- Compensation: $0
- Related: $31,366
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Reading Hospital & Medical Center Self-Insurance Fund?
The Reading Hospital & Medical Center Self-Insurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Reading Hospital & Medical Center Self-Insurance Fund
The Reading Hospital & Medical Center Self-Insurance Fund is a reserve specifically established to cover the associated costs of professional and general liability claims brought against The Reading Hospital, a 501(c)(3) organization. In simpler terms, this fund serves as a financial safety net for the hospital, ensuring it can manage and pay for any legal claims related to medical or professional negligence. By maintaining this self-insurance fund, The Reading Hospital & Medical Center can mitigate potential financial risks, ensuring its operations continue uninterrupted and its commitment to providing quality healthcare remains unwavering.
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Impact
October, 2024
The Reading Hospital & Medical Center Self-Insurance Fund plays a crucial role in ensuring the financial stability and operational effectiveness of The Reading Hospital. By providing a dedicated reserve for general and professional liability claims, the fund mitigates the financial risks associated with legal claims. This ensures that the hospital can focus on delivering high-quality patient care without the burden of unexpected financial liabilities.
This self-insurance fund not only supports the hospital's operations but also enhances its ability to manage claims efficiently and effectively. As a result, the healing environment and community trust in the hospital's services are strengthened, contributing to the overall well-being of the patients it serves. The fund underlines the hospital's commitment to maintaining a safe and secure healthcare setting, reinforcing its mission to support quality medical care in the Reading, PA area.
This information is meant to be a general summary of The Reading Hospital & Medical Center Self-Insurance Fund. 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: $369,915
- Gross Receipts: $16,130,352
Assets and Liabilities:
- Total Assets: $18,787,856
- Total Liabilities: $18,787,856
- Net Assets: $0
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Organization Details
Founding Year
1983
Phone
(484) 628-4307Principal Officer
Charles Barbera
Main Address
PO BOX 16052, READING, PA, 196126052
NTEE Category
Code: Y20 - Mutual benefit
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