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Sc Insurance Company C/O Douglas Welday

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273312053 ✦ Phoenix, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Sc Insurance Company C/O Douglas Welday?

Sc Insurance Company C/O Douglas Welday is a nonprofit organization that serves an integral role in supporting Swedish Covenant Health, a hospital. Specifically, it functions as a captive insurance vehicle, covering primary medical malpractice risk. This nonprofit operates out of Phoenix, Arizona, with an address at 2800 N Central Ave, Suite 1600. The company's mission is to contribute to the exempt activities of Swedish Covenant Health, ensuring the continuity and stability of its healthcare services.

Is Sc Insurance Company C/O Douglas Welday legitimate?

Sc Insurance Company C/O Douglas Welday is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sc Insurance Company C/O Douglas Welday 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 Sc Insurance Company C/O Douglas Welday?

The Sc Insurance Company, functioning as a supportive organization for Swedish Covenant Health, operates as a non-profit captive insurance vehicle. Its primary mission is to support Swedish Covenant Health's exempt activities, specifically by covering the primary medical malpractice risk. This organization performs a crucial function that is integral to the overall operations of Swedish Covenant Health. The company aims to safeguard the hospital's interests and ensure its continuous operation, thereby contributing to the delivery of healthcare services in an effective manner.

Who is the CEO of Sc Insurance Company C/O Douglas Welday?

Douglas D Welday is the Director of Sc Insurance Company C/O Douglas Welday.

What is the revenue of Sc Insurance Company C/O Douglas Welday?

Sc Insurance Company C/O Douglas Welday's revenue in 2020 was $3,726,728.

Who are the executives of Sc Insurance Company C/O Douglas Welday and what are their salaries?

There 2 volunteers at Sc Insurance Company C/O Douglas Welday.


Here are 9 key members and their salaries:


Frank Beranek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Putman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janis A Rueping (Assistant Secretary)
  • Compensation: $0
  • Related: $326,140
  • Other: $47,160
Jonathan Lind (Vp)
  • Compensation: $0
  • Related: $430,498
  • Other: $55,048
Anthony Guaccio (President/Chair)
  • Compensation: $0
  • Related: $859,356
  • Other: $85,403
Thomas Garvey (Vp/Treasurer)
  • Compensation: $0
  • Related: $766,749
  • Other: $44,325
Judith A Borenstein (Vp Operations/Secretary)
  • Compensation: $0
  • Related: $227,377
  • Other: $17,724
Nicola Byrne (Assistant Treasurer)
  • Compensation: $0
  • Related: $283,933
  • Other: $12,665
Scott Hanson (Assistant Treasurer)
  • Compensation: $0
  • Related: $164,930
  • Other: $31,556
Where can I find the form 990 for Sc Insurance Company C/O Douglas Welday?

Sc Insurance Company C/O Douglas Welday's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Sc Insurance Company C/O Douglas Welday

Sc Insurance Company C/O Douglas Welday, as a supporting organization of Swedish Covenant Health, operates as a non-profit captive insurance vehicle. Its mission is to provide essential support to Swedish Covenant Health, specifically covering the primary medical malpractice risk. This function is an integral part of the exempt activities conducted by Swedish Covenant Health, making Sc Insurance Company C/O Douglas Welday a critical component in ensuring the continued operations and success of the hospital. By performing this role, Sc Insurance Company C/O Douglas Welday contributes to the overall wellbeing of the healthcare community, providing a safety net for potential medical malpractice claims and enabling Swedish Covenant Health to focus on delivering quality care to its patients.

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Impact




October, 2024

Sc Insurance Company C/O Douglas Welday significantly contributes to the healthcare landscape by providing essential coverage for primary medical malpractice risk. By fulfilling this critical function, the organization supports the operational needs of Swedish Covenant Health, ensuring that the hospital can deliver quality care without the added burden of potential liability issues. Located in Phoenix, Arizona, the organization enhances the stability and sustainability of healthcare services within its community. Through its dedicated mission, Sc Insurance Company plays a vital role in safeguarding the health of patients and enabling healthcare providers to focus on delivering high-quality medical services.




This information is meant to be a general summary of Sc Insurance Company C/O Douglas Welday. 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.

Revenue
$3,726,728 (2020)
Expenses
$1,469,810 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $2,126,288
  • Program Service Revenue: $1,600,440
  • Gross Receipts: $43,708,983

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.

PREMIUMS EARNED

Revenue

$1,600,440

Organization Details

Founding Year

2010

Principal Officer

Douglas D Welday

Main Address

2800 N CENTRAL AVE NO 1600, PHOENIX, AZ, 85004

NTEE Category

Code: E60 - Health

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