Overview
What is Dmg Insurance Company Inc?
Dmg Insurance Company Inc, located in Phoenix, Arizona, operates as a supporting organization, providing specialized insurance services for District Medical Group, Inc. This nonprofit primarily focuses on offering medical professional liability coverage to the physicians and staff of District Medical Group. Additionally, Dmg Insurance offers general liability coverage to the same organization. In essence, Dmg Insurance operates to safeguard and protect District Medical Group from potential financial risks associated with their medical practices.
Is Dmg Insurance Company Inc legitimate?
Dmg Insurance Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dmg Insurance Company Inc 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
For more financial information, click here
What is the mission statement of Dmg Insurance Company Inc?
Dmg Insurance Company Inc serves as a supporting organization, primarily benefiting District Medical Group, Inc. Its primary mission is to provide captive insurance services, specifically offering medical professional liability coverage for the physicians and professional staff within District Medical Group, as well as providing general liability coverage to the group itself. Essentially, Dmg Insurance Company Inc exists to safeguard District Medical Group from potential financial liabilities.
Who is the CEO of Dmg Insurance Company Inc?
Craig Jones is the Chairman Of The Board of Dmg Insurance Company Inc. The CEO's salary of Dmg Insurance Company Inc is $0 and their total compensation is $317,091.
What is the revenue of Dmg Insurance Company Inc?
Dmg Insurance Company Inc's revenue in 2022 was $4,053,839.
Who are the executives of Dmg Insurance Company Inc and what are their salaries?
Here are 6 key members and their salaries (Dmg Insurance Company Inc's CEO's salary is $0 and their total compensation is $317,091):
- Compensation: $0
- Related: $1,383,709
- Other: $88,554
- Compensation: $0
- Related: $14,739
- Other: $0
- Compensation: $0
- Related: $264,736
- Other: $52,355
- Compensation: $0
- Related: $622,348
- Other: $81,571
- Compensation: $0
- Related: $178,960
- Other: $23,105
- Compensation: $0
- Related: $193,923
- Other: $72,895
Where can I find the form 990 for Dmg Insurance Company Inc?
Dmg Insurance Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dmg Insurance Company Inc
Dmg Insurance Company Inc, as a supporting organization, is established and operates with the primary purpose of providing captive insurance services exclusively for District Medical Group, Inc. This mission is geared towards ensuring that Dmg Insurance serves as a protective shield, safeguarding District Medical Group from potential financial liabilities. One of the key responsibilities of Dmg Insurance is to offer medical professional liability coverage to the physicians and professional staff affiliated with District Medical Group. This coverage serves as a safety net, safeguarding the medical professionals from potential legal claims related to their professional practices. Additionally, Dmg Insurance provides general liability coverage to District Medical Group, thereby shielding the organization from various types of non-professional related liabilities. Overall, Dmg Insurance Company Inc's mission is to support and protect District Medical Group, ensuring their continued operation and success by managing and mitigating potential financial risks.
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Impact
October, 2024
Dmg Insurance Company Inc plays a significant role in the healthcare sector by offering essential insurance services tailored to the needs of District Medical Group, Inc. It provides medical professional liability coverage for physicians and professional staff, ensuring they are protected against risks associated with their practice. Additionally, Dmg Insurance extends general liability coverage, further safeguarding the operations of District Medical Group.
By fulfilling this critical function, Dmg Insurance contributes to the overall stability and security of healthcare professionals, allowing them to focus on providing quality care to patients without the constant concern of potential legal liabilities. This, in turn, enhances the reliability and integrity of medical services within the community, supporting the health and well-being of the population served by District Medical Group in Phoenix, AZ.
This information is meant to be a general summary of Dmg Insurance Company Inc. 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: $239,920
- Program Service Revenue: $3,813,919
- Gross Receipts: $7,238,948
Assets and Liabilities:
- Total Assets: $25,651,703
- Total Liabilities: $13,175,858
- Net Assets: $12,475,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM REVENUE
Revenue
$3,813,919
Organization Details
Founding Year
2007
Phone
(602) 470-5000Principal Officer
Craig Jones
Main Address
2929 E THOMAS ROAD, PHOENIX, AZ, 85016
NTEE Category
Code: E11 - Health
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