Overview
What is Nebraska Methodist Health System Self Insurance Trust Fund?
Nebraska Methodist Health System Self Insurance Trust Fund is a nonprofit organization established to offer self-insurance protection against medical malpractice, patient-related general liability, and comprehensive general liability exposures for Nebraska Methodist Health System and its affiliates. By pooling funds from various affiliates, the trust aims to provide a cost-effective method for managing, reducing, and protecting the risks associated with legal liability arising from healthcare services. The trust fund serves as a resource to cover claims related to these liabilities, contributing to lower insurance expenses and ultimately, providing more affordable medical services to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Nebraska Methodist Health System Self Insurance Trust Fund has received a solid Three-Star rating, indicating a generally positive evaluation of its accountability and financial health. The organization has demonstrated strong governance with an entirely independent board and no material diversion of assets, which speaks to its integrity in financial management.
Strengths include a perfect program expense ratio of 100%, indicating that all resources are directed toward its mission. Additionally, the charity has robust policies in place related to conflicts of interest, whistleblowing, and document retention, which contribute to its overall transparency and accountability.
However, a notable limitation is the high liabilities to assets ratio of 1381.81%, suggesting that the organization might have significant debts compared to its assets. This could raise concerns about long-term financial sustainability, despite the strong performance in other areas. Overall, while the Trust Fund exhibits commendable practices, potential supporters should consider this financial aspect carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Nebraska Methodist Health System Self Insurance Trust Fund legitimate?
Nebraska Methodist Health System Self Insurance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nebraska Methodist Health System Self Insurance Trust 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
For more financial information, click here
What is the mission statement of Nebraska Methodist Health System Self Insurance Trust Fund?
The Nebraska Methodist Health System Self Insurance Trust Fund's mission is to establish a pooled fund, primarily contributed by the Nebraska Methodist Health System affiliates. This fund serves to effectively manage, minimize, and protect the system and its affiliates from the financial implications of legal liabilities arising from the delivery of healthcare services. The fund covers various exposures, including medical malpractice, patient-related general liability, and comprehensive general liability. By pooling funds, the Trust Fund reduces insurance expenses, thereby making medical services more affordable for the community.
Who is the CEO of Nebraska Methodist Health System Self Insurance Trust Fund?
Jeffrey E Francis is the Pres & Ceo Nebr Methodist of Nebraska Methodist Health System Self Insurance Trust Fund. The CEO's salary of Nebraska Methodist Health System Self Insurance Trust Fund is $0 and their total compensation is $1,434,409.
What is the revenue of Nebraska Methodist Health System Self Insurance Trust Fund?
Nebraska Methodist Health System Self Insurance Trust Fund's revenue in 2022 was $108,265.
Who are the executives of Nebraska Methodist Health System Self Insurance Trust Fund and what are their salaries?
Here are 15 key members and their salaries (Nebraska Methodist Health System Self Insurance Trust Fund's CEO's salary is $0 and their total compensation is $1,434,409):
- Compensation: $0
- Related: $1,172,322
- Other: $262,087
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $512,365
- Other: $40,887
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $349,315
- Other: $64,734
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- Other: $0
- Compensation: $0
- Related: $631,955
- Other: $130,435
Where can I find the form 990 for Nebraska Methodist Health System Self Insurance Trust Fund?
Nebraska Methodist Health System Self Insurance Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nebraska Methodist Health System Self Insurance Trust Fund
Nebraska Methodist Health System Self Insurance Trust Fund is established with a mission to provide a fund for covering medical malpractice and general liability claims. This nonprofit organization, comprising contributions from Nebraska Methodist Health System affiliates, operates a pooled fund strategy. This approach aims to control, reduce, and safeguard risks of legal liability arising from the delivery of healthcare services. By pooling funds, the Trust Fund successfully protects Nebraska Methodist Health System and its affiliates from the financial implications of employee and agent-related exposures, including malpractice, patient-related general liability, and comprehensive general liability. This cost-effective method ultimately leads to lower-priced medical services in the community.
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Impact
October, 2024
The Nebraska Methodist Health System Self Insurance Trust Fund plays a crucial role in enhancing the financial stability and operational efficiency of the Nebraska Methodist Health System and its affiliates. By pooling funds from various beneficiaries, the Trust Fund provides self-insurance protection against medical malpractice and general liability claims. This arrangement allows healthcare providers to manage risks associated with legal liabilities, including those related to patient care.
The impact of the Trust Fund is significant; it helps to lower insurance expenses, ultimately leading to reduced costs for medical services delivered to the community. This cost savings can make healthcare more accessible and affordable for patients in the Omaha area and beyond. Furthermore, by mitigating the risks associated with medical malpractice claims, the Trust Fund contributes to a safer healthcare environment for both providers and patients. Overall, the Trust Fund serves as a vital financial resource that supports the mission of delivering quality medical care while safeguarding the interests of healthcare professionals and institutions.
This information is meant to be a general summary of Nebraska Methodist Health System Self Insurance Trust 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: $73,551
- Gross Receipts: $348,689
Assets and Liabilities:
- Total Assets: $964,698
- Total Liabilities: $13,330,303
- Net Assets: -$12,365,605
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Organization Details
Founding Year
1988
Phone
(402) 354-4840Principal Officer
Jeffrey E Francis
Main Address
825 S 169TH STREET, OMAHA, NE, 68118
NTEE Category
Code: Y20Z - Mutual benefit
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