Overview
What is The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program?
The Ann & Robert H Lurie Children's Hospital of Chicago Liability Protection Program is a tax-exempt organization based in Chicago, Illinois. Their primary mission is to facilitate the safekeeping and investment management of funds required for self-insurance for Children's Hospital of Chicago Medical Center. The program ensures financial security and risk management for the hospital, enabling it to continue delivering essential healthcare services to children in the community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protection Program has received a strong score of 87%, indicating a solid performance in accountability and finance. The overall score is derived entirely from their accountability indicators, which reflects a commitment to transparency and effective financial management. The absence of any material diversion of assets further enhances their credibility.
Strengths of the organization include a fully independent board, robust audit and oversight practices, and well-documented policies such as conflict of interest and whistleblower protections. A high program expense ratio of 77.43% suggests that the majority of their expenditures are directed towards their mission, reinforcing their operational efficiency and focus on service delivery.
While the organization has demonstrated significant strengths in its governance and financial practices, the single beacon score means that other aspects of their operations may not be reflected in this rating. Overall, The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protection Program appears to be a responsible choice for donors looking for a nonprofit with strong oversight and accountability measures in place.
This AI summary has been generated from information found on Charity Navigator.
Is The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program legitimate?
The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program 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: $3,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program?
The Ann & Robert H Lurie Children's Hospital of Chicago Liability Protection Program is a tax-exempt organization that provides a self-insurance program for Children's Hospital of Chicago Medical Center. Its primary mission is to ensure the safekeeping and effective management of the funds required for the hospital's self-insurance. The program facilitates the collection and investment of resources, allowing the hospital to maintain financial security and continue delivering high-quality healthcare services to children. By managing its insurance needs in-house, the program enables the hospital to have greater control over its risk management and financial stability.
Who is the CEO of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program?
Unavailable
What is the revenue of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program?
The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program's revenue in 2022 was $41,597,406.
Who are the executives of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,178
- Related: $0
- Other: $0
Where can I find the form 990 for The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program?
The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program
The Ann & Robert H Lurie Children's Hospital of Chicago Liability Protection Program is a tax-exempt organization dedicated to ensuring the financial security of Children's Hospital of Chicago Medical Center. In simple terms, it serves as a self-insurance program for the medical center.
Established with a noble mission, this program facilitates the safekeeping and investment management of funds required for self-insurance. By doing so, it provides a shield to the medical center, enabling it to manage risks and financial liabilities effectively. The Ann & Robert H Lurie Children's Hospital of Chicago Liability Protection Program is an essential component, ensuring the continuity and sustainability of the medical center's operations.
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Impact
October, 2024
The Ann & Robert H. Lurie Children's Hospital of Chicago Liability Protection Program plays a crucial role in ensuring financial security for the Children's Hospital of Chicago Medical Center. By establishing a self-insurance program, it effectively manages and safeguards the funds required for potential liabilities. This approach allows the hospital to maintain a stable financial footing, ensuring that resources can be directed toward high-quality pediatric care rather than being overly reliant on external insurance providers.
The program supports the hospital in mitigating risks associated with medical practices by providing a structured framework for liability coverage. Consequently, this fosters a safer environment for both patients and healthcare providers. The impact extends beyond just financial assurance; it contributes to the overall mission of delivering exceptional healthcare to children in the community. By securing essential resources and enhancing operational resilience, the program allows the hospital to focus on its core mission of providing specialized medical services, which ultimately benefits the health outcomes of its young patients.
This information is meant to be a general summary of The Ann & Robert H Lurie Children's Hospital Of Chicago Liability Protectio N Program. 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: $2,716,546
- Program Service Revenue: $9,055,500
- Gross Receipts: $41,597,406
Assets and Liabilities:
- Total Assets: $150,699,444
- Total Liabilities: $0
- Net Assets: $150,699,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$9,055,500
Organization Details
Founding Year
1976
Phone
(312) 227-7133Main Address
225 E CHICAGO AVE BOX 282, CHICAGO, IL, 606112991
NTEE Category
Code: Y200 - Mutual benefit
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