Overview
What is Broadline Risk Retention Group Inc Co Marsh Management Services Inc?
Broadline Risk Retention Group Inc, a Vermont-based nonprofit corporation, is an integral part of the Albert Einstein Healthcare Network (AEHN) and its eight affiliated members. They provide professional, general, and excess liability insurance coverages to support the network and its members. The organization, in collaboration with Co Marsh Management Services Inc, functions as a captive insurance company, exclusively dedicated to backing the charitable healthcare activities of AEHN members. These members include facilities offering general medical and health services, teaching institutions, behavioral health services, rehabilitation, acute care, and emergency services. Broadline Risk Retention Group Inc plays a crucial role in managing risks and covering claims and expenses incurred while carrying out the exempt healthcare purposes of AEHN and its affiliates.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 55% (One-Star out of Four Star rating)
Broadline Risk Retention Group Inc Co Marsh Management Services Inc has received a low rating of 55%, indicating concerns regarding its accountability and financial practices. The lack of independent board members and missing financial statements raise questions about governance and transparency. While the organization has a solid program expense ratio of 96.78%, which suggests effective use of funds for program services, the overall financial management appears to be lacking.
The organization has implemented some positive policies, such as a conflict of interest policy and a whistleblower policy, both of which were scored well. Additionally, they have documented board meeting minutes, reflecting some level of governance. However, the absence of independent oversight and the failure to provide financial statements undermine the trust that donors and stakeholders might have in its operations.
Overall, while Broadline Risk Retention Group Inc demonstrates commitment toward its programs, significant gaps in its governance practices and financial transparency may deter potential supporters. Addressing these weaknesses could enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Broadline Risk Retention Group Inc Co Marsh Management Services Inc legitimate?
Broadline Risk Retention Group Inc Co Marsh Management Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadline Risk Retention Group Inc Co Marsh Management Services 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 Broadline Risk Retention Group Inc Co Marsh Management Services Inc?
Broadline Risk Retention Group Inc and Marsh Management Services Inc function as a captive insurance company, providing professional liability coverage for the Albert Einstein Healthcare Network (AEHN) and its eight affiliated members. They support the charitable healthcare activities of these organizations by managing risks and covering claims expenses associated with their exempt healthcare purposes. By doing so, Broadline Risk Retention Group, Inc. plays an integral role in enabling AEHN and its members to focus on delivering essential medical, teaching, behavioral health, rehabilitation, acute care, and emergency services. Their mission revolves around strengthening the healthcare network's risk management capabilities and ensuring the continued provision of vital healthcare services to their communities.
Who is the CEO of Broadline Risk Retention Group Inc Co Marsh Management Services Inc?
Unavailable
What is the revenue of Broadline Risk Retention Group Inc Co Marsh Management Services Inc?
Broadline Risk Retention Group Inc Co Marsh Management Services Inc's revenue in 2022 was $98,318,401.
Who are the executives of Broadline Risk Retention Group Inc Co Marsh Management Services Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $448,082
- Other: $85,535
- Compensation: $0
- Related: $607,705
- Other: $30,746
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $72,701
- Other: $6,874
- Compensation: $0
- Related: $447,940
- Other: $81,522
Where can I find the form 990 for Broadline Risk Retention Group Inc Co Marsh Management Services Inc?
Broadline Risk Retention Group Inc Co Marsh Management Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Broadline Risk Retention Group Inc Co Marsh Management Services Inc
Broadline Risk Retention Group Inc, a nonprofit captive insurance company, plays a vital role in supporting the Albert Einstein Healthcare Network (AEHN) and its eight affiliated members. This organization is exclusively dedicated to assisting AEHN and its members in managing risks and covering claims and expenses related to their charitable healthcare activities.
The members of AEHN operate various healthcare facilities, including general medical and health services, teaching hospitals, behavioral health services, rehabilitation centers, acute care units, and emergency services. Broadline Risk Retention Group Inc, through its Marsh Management Services, helps these organizations by providing professional, general, and excess liability insurance coverages. In doing so, the company is an integral part of their exempt healthcare purposes, ensuring they can continue their essential work.
The company's mission is to offer essential insurance coverages to AEHN and its members, allowing them to effectively manage risks and pay claims incurred while carrying out their charitable healthcare activities. This partnership between Broadline Risk Retention Group Inc and AEHN enables the healthcare network to focus on delivering high-quality healthcare services, ultimately benefiting the communities they serve.
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Impact
October, 2024
Broadline Risk Retention Group Inc Co Marsh Management Services Inc plays a crucial role in the healthcare sector by providing essential liability insurance coverage to the Albert Einstein Healthcare Network (AEHN) and its affiliated members. This organization ensures that AEHN, which includes a variety of healthcare facilities such as general medical, behavioral health, rehabilitation, and emergency services, has robust support for managing risks associated with patient care and operational activities.
By offering professional, general, and excess liability insurance, Broadline Risk Retention Group helps to safeguard the financial stability of AEHN's member organizations. This support is vital in enabling these facilities to focus on delivering quality healthcare services without the constant concern of potential claims or legal issues that could arise from their operations. The company's efforts not only facilitate smoother claim management but also enhance the overall capability of AEHN to fulfill its mission of providing accessible and comprehensive healthcare services in the community.
In summary, Broadline Risk Retention Group significantly impacts the healthcare landscape by reinforcing the risk management framework of the Albert Einstein Healthcare Network, thereby promoting better health outcomes and ensuring the sustainability of essential healthcare services.
This information is meant to be a general summary of Broadline Risk Retention Group Inc Co Marsh Management Services 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: $14,669,299
- Program Service Revenue: $11,944,934
- Gross Receipts: $194,879,780
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PREMIUMS EARNED
Revenue
$11,841,805
PREMIUM FINANCING
Revenue
$103,129
Organization Details
Founding Year
2010
Phone
(802) 864-5599Main Address
463 Mountain View Drive Suite 301, Colchester, VT, 05446
NTEE Category
Code: E11 - Health
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