Overview
What is The Southern New Jersey Hospital Workers Compensation Trust?
The Southern New Jersey Hospital Workers Compensation Trust is a nonprofit organization, specifically established to ensure compliance with New Jersey's compensation laws. Based in Absecon, New Jersey, the trust provides workers' compensation coverage for employees working at Atlanticare Regional Medical Center and related entities. This coverage is facilitated through self-insurance and certain excess insurance coverage, all aimed at protecting the workforce within the specified region. The trust's primary mission is to offer workers' compensation benefits, thereby safeguarding the wellbeing of employees in the healthcare sector.
Is The Southern New Jersey Hospital Workers Compensation Trust legitimate?
The Southern New Jersey Hospital Workers Compensation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Southern New Jersey 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: $6,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $350,343
For more financial information, click here
What is the mission statement of The Southern New Jersey Hospital Workers Compensation Trust?
The Southern New Jersey Hospital Workers Compensation Trust is established with the primary purpose of providing workers' compensation benefits to employees. This is achieved through self-insurance and certain excess insurance coverage. The organization's mission is to ensure compliance with New Jersey compensation laws by offering workers' compensation coverage to employees of Atlanticare Regional Medical Center and related entities. The trust fund is dedicated solely to this cause, providing a safety net for workers in case of work-related injuries or illnesses.
Who is the CEO of The Southern New Jersey Hospital Workers Compensation Trust?
Hak Kim is the Trustee of The Southern New Jersey Hospital Workers Compensation Trust.
What is the revenue of The Southern New Jersey Hospital Workers Compensation Trust?
The Southern New Jersey Hospital Workers Compensation Trust's revenue in 2022 was $2,903,059.
Who are the executives of The Southern New Jersey Hospital Workers Compensation Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $6,706
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Southern New Jersey Hospital Workers Compensation Trust?
The Southern New Jersey Hospital Workers Compensation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Southern New Jersey Hospital Workers Compensation Trust
The Southern New Jersey Hospital Workers Compensation Trust, in essence, is established to provide workers' compensation benefits for employees under self-insurance and certain excess insurance coverage. Adhering to the New Jersey Compensation Laws, this organization serves to extend workers' compensation coverage to employees of the Atlanticare Regional Medical Center and other related entities. By doing so, it ensures that these workers are adequately protected and financially supported in the event of work-related injuries or illnesses.
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Impact
October, 2024
The Southern New Jersey Hospital Workers Compensation Trust plays a crucial role in ensuring that employees of the AtlantiCare Regional Medical Center and other related entities receive adequate workers' compensation coverage in accordance with New Jersey compensation laws. By operating through a self-insurance model supplemented by excess insurance coverage, the Trust efficiently manages the financial risks associated with workplace injuries and illnesses.
This approach not only provides financial protection for employees in need of medical care and compensation due to work-related incidents but also fosters a safer workplace environment by encouraging adherence to safety regulations and preventive measures. Moreover, the Trust's commitment to providing reliable support contributes to employee morale and retention, ultimately benefiting healthcare operations in the region. By prioritizing the well-being of healthcare workers, the Trust ensures that those on the front lines of patient care are safeguarded against the potential financial hardships stemming from work-related injuries.
This information is meant to be a general summary of The Southern New Jersey 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 2022.
- Investment Income: $83,059
- Program Service Revenue: $2,820,000
- Gross Receipts: $2,903,059
Assets and Liabilities:
- Total Assets: $5,532,250
- Total Liabilities: $4,419,444
- Net Assets: $1,112,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,820,000
Organization Details
Founding Year
1986
Phone
(609) 641-3000Principal Officer
Hak Kim
Main Address
C/O GLENN INS 500 E Absecon Blvd, Absecon, NJ, 08201
NTEE Category
Code: Y20 - Mutual benefit
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