Overview
What is Rush University Medical Centers Self-Insurance Trust For Healthcar?
Rush University Medical Centers Self-Insurance Trust for Healthcare is a trust based in Chicago, Illinois, specifically located at 1700 West Van Buren Street 265. Established to cater to the self-insurance needs of Rush University Medical Center, an exempt organization, the trust's primary mission is to provide financial security by managing risks arising from the medical center's operations. Through investment activities, the trust generates funds to ensure the medical center is financially protected in case of unforeseen circumstances related to its healthcare services.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Rush University Medical Center's Self-Insurance Trust For Health Care has received a low rating of 52%, indicating significant concerns regarding its accountability and financial transparency. The organization lacks independent board members and has not provided essential financial statements, which raises questions about its governance practices. The absence of critical policies such as conflict of interest and whistleblower protections further underscores these governance issues.
Despite these shortcomings, the organization does have a favorable program expense ratio, indicating that it allocates 100% of its expenses towards its programs. This could suggest that the Trust is focused on its mission and effectively utilizing its funds in that regard. However, the lack of transparency in its financial reporting remains a crucial concern for potential donors and stakeholders.
Overall, while the Trust demonstrates a commitment to its programmatic goals, the significant deficiencies in governance and financial accountability are notable limitations. Prospective supporters should carefully consider these factors when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Rush University Medical Centers Self-Insurance Trust For Healthcar legitimate?
Rush University Medical Centers Self-Insurance Trust For Healthcar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rush University Medical Centers Self-Insurance Trust For Healthcar 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
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Official website here: www.none
What is the mission statement of Rush University Medical Centers Self-Insurance Trust For Healthcar?
The Rush University Medical Centers Self-Insurance Trust For Healthcare is committed to providing self-insurance funds for an exempt organization. Through its investment activities, the trust offers financial security for the medical center's risks arising from its operations. The trust's primary goal is to support the exempt organization by managing its insurance needs effectively. By providing these funds, the trust enables the organization to focus on delivering quality healthcare services to those in need. The trust's mission is to ensure the organization's financial stability, allowing it to continue its essential mission without distraction.
Official website here: www.none
Who is the CEO of Rush University Medical Centers Self-Insurance Trust For Healthcar?
Unavailable
Official website here: www.none
What is the revenue of Rush University Medical Centers Self-Insurance Trust For Healthcar?
Rush University Medical Centers Self-Insurance Trust For Healthcar's revenue in 2022 was $32,897,425.
Official website here: www.none
Who are the executives of Rush University Medical Centers Self-Insurance Trust For Healthcar and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Rush University Medical Centers Self-Insurance Trust For Healthcar
Rush University Medical Centers Self-Insurance Trust For Healthcare is a specialized entity dedicated to providing self-insurance funds for the risk management needs of Rush University Medical Center, an exempt organization. In simpler terms, the trust serves as a financial safety net, mitigating potential risks arising from the day-to-day operations of the medical center.
The primary mission of Rush University Medical Centers Self-Insurance Trust For Healthcare is to ensure the financial security and stability of Rush University Medical Center. By assuming the self-insurance risks, the trust enables the medical center to focus on its core mission - delivering exceptional healthcare services to its patients and the community. The trust's activities are geared towards generating investment income to provide these self-insurance funds.
The trust's role is pivotal in supporting Rush University Medical Center's exempt status. By providing self-insurance funds, the trust allows the medical center to allocate its resources more efficiently towards its primary mission - improving the health and well-being of patients, rather than setting aside large funds for contingencies. The trust's operations are solely focused on fulfilling this important function, making it an indispensable component of Rush University Medical Center's financial infrastructure.
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Impact
October, 2024
Rush University Medical Center's Self-Insurance Trust plays a critical role in managing and mitigating financial risks associated with healthcare operations. By providing self-insurance funds through strategic investment activities, the trust ensures that the medical center has the necessary resources to cover unexpected liabilities and operational risks. This proactive approach not only enhances the financial stability of the organization but also contributes to the overall quality of care by allowing the medical center to allocate more resources towards patient services and facility improvements.
Additionally, the trust's exclusive focus on self-insurance risks helps maintain regulatory compliance and fosters a culture of accountability within healthcare operations. By indemnifying potential losses, the trust supports Rush University Medical Center's mission to deliver high-quality healthcare services while also enabling the organization to invest in innovative programs and approaches that benefit the communities it serves. Overall, the Self-Insurance Trust functions as a crucial financial safeguard, promoting sustainability and resilience within the healthcare system in Chicago.
This information is meant to be a general summary of Rush University Medical Centers Self-Insurance Trust For Healthcar. 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: $3,897,425
- Program Service Revenue: $29,000,000
- Gross Receipts: $147,253,738
Assets and Liabilities:
- Total Assets: $183,033,993
- Total Liabilities: $10,698,244
- Net Assets: $172,335,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Funding of the Trust
Revenue
$29,000,000
Organization Details
Founding Year
1982
Phone
(312) 942-5000Main Address
1700 West Van Buren Street 265, Chicago, IL, 60612
Website
www.noneNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Rush University Medical Centers Self-Insurance Trust For Healthcar and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.