Overview
What is Lester E Cox Med Ctr Genprof Liab Loss Fund?
The Lester E Cox Med Ctr Genprof Liab Loss Fund is a self-insurance entity, established for the sole purpose of managing risks associated with the operation of the Lester E. Cox Medical Center, a nonprofit organization, and its affiliated entities. This fund serves to protect the center and its related entities from potential liabilities arising from their operations, ensuring financial stability and continuity. Based in Springfield, Missouri, the Lester E. Cox Medical Center likely provides essential healthcare services to its local community, as is common for exempt organizations. The fund's primary role is to safeguard the center and its affiliates from unforeseen financial burdens caused by legal or operational risks.
Is Lester E Cox Med Ctr Genprof Liab Loss Fund legitimate?
Lester E Cox Med Ctr Genprof Liab Loss Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lester E Cox Med Ctr Genprof Liab Loss 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: $6,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lester E Cox Med Ctr Genprof Liab Loss Fund?
The Lester E Cox Med Ctr Genprof Liab Loss Fund exists with the primary objective of self-insuring risks associated with the operation of the Lester E. Cox Medical Center, an exempt organization, and its affiliates. This fund serves as a protective measure, safeguarding the center and its allies from potential financial liabilities that may arise from their activities. The sole purpose of this fund is to provide a financial cushion in case of such unforeseen incidents. It is an essential risk management tool, ensuring the continuity and stability of the medical center's operations.
Who is the CEO of Lester E Cox Med Ctr Genprof Liab Loss Fund?
Central Trust Investment Co is the Principal Officer of Lester E Cox Med Ctr Genprof Liab Loss Fund.
What is the revenue of Lester E Cox Med Ctr Genprof Liab Loss Fund?
Lester E Cox Med Ctr Genprof Liab Loss Fund's revenue in 2022 was $270,460.
Who are the executives of Lester E Cox Med Ctr Genprof Liab Loss Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $6,439
- Related: $0
- Other: $0
Where can I find the form 990 for Lester E Cox Med Ctr Genprof Liab Loss Fund?
Lester E Cox Med Ctr Genprof Liab Loss Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lester E Cox Med Ctr Genprof Liab Loss Fund
The Lester E. Cox Med Ctr Genprof Liab Loss Fund is established with a specific mission. This nonprofit organization's primary purpose is to self-insure risks that arise from the operation of the Lester E. Cox Medical Center, an exempt organization, and its affiliates. This mission is crucial in managing potential liabilities and protecting the interests of the medical center and its affiliated entities. The fund serves as a safety net, providing financial coverage for any unforeseen incidents or mishaps that may occur during the course of their operations. By self-insuring, the Lester E. Cox Med Ctr Genprof Liab Loss Fund can maintain control over its risk management and minimize reliance on external insurance providers.
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Impact
October, 2024
Lester E Cox Med Ctr Genprof Liab Loss Fund plays a crucial role in ensuring the financial stability and operational continuity of the Lester E. Cox Medical Center and its affiliates. By self-insuring against the various risks inherent in the healthcare sector, the fund effectively mitigates potential liabilities, enabling the medical center to focus on delivering quality care.
This approach to risk management allows for more predictable budgeting and resource allocation, fostering an environment where healthcare providers can prioritize patient safety and improve service delivery. The fund not only protects the assets of the medical center but also supports its mission to serve the community without the distraction or financial burden of external insurance arrangements. Ultimately, this enhances the overall resilience of the healthcare institution, benefiting patients, staff, and the broader Springfield community.
This information is meant to be a general summary of Lester E Cox Med Ctr Genprof Liab Loss 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: $270,460
- Gross Receipts: $3,380,123
Assets and Liabilities:
- Total Assets: $12,702,365
- Total Liabilities: $0
- Net Assets: $12,702,365
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Organization Details
Founding Year
1997
Phone
(417) 269-8811Principal Officer
Central Trust Investment Co
Main Address
1423 N JEFFERSON, SPRINGFIELD, MO, 65802
NTEE Category
Code: Y200 - Mutual benefit
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