Overview
What is Loma Linda University Adventist Health Sciences Cntr Liability Trust?
Loma Linda University Adventist Health Sciences Center Liability Trust is a nonprofit entity established for the purpose of self-insuring against general and professional liability claims. This organization, with an unspecified number of employees, takes responsibility for managing and covering the risks associated with potential lawsuits in the healthcare sector. By doing so, it protects the financial stability of the organization, enabling it to continue its mission effectively.
What are the reviews and ratings of this charity?
The Loma Linda University Adventist Health Sciences Center Liability Trust is not currently rated by Charity Navigator. The lack of a rating is primarily due to insufficient electronically-filed IRS Form 990 data, limiting their evaluation under Charity Navigator's systems. This absence of a formal rating should not be interpreted as a negative indication of the organization's performance or impact.
Charity Navigator outlines that the Trust operates solely for the benefit of specific organizations and maintains an independent affiliation status. Historically, evaluations of similar nonprofits have focused on Accountability and Finance scores, but other aspects such as Leadership, Adaptability, and Impact are not currently assessed due to unavailable data.
Without user reviews from GreatNonprofits, there's no public feedback to highlight the community impact or stakeholder experiences related to the Trust. Therefore, interested parties are encouraged to consider other available resources or reports for further insights into their operational credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Loma Linda University Adventist Health Sciences Cntr Liability Trust legitimate?
Loma Linda University Adventist Health Sciences Cntr Liability Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loma Linda University Adventist Health Sciences Cntr Liability Trust 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 Loma Linda University Adventist Health Sciences Cntr Liability Trust?
The Loma Linda University Adventist Health Sciences Cntr Liability Trust assumes the risk for general and professional liability claims. Through self-insurance, the trust aims to manage and mitigate potential legal and financial obligations. This approach allows for greater control over the claims process and potentially lower costs compared to traditional insurance methods. By assuming these risks, the trust demonstrates a strong commitment to managing operational and financial risks effectively. Additionally, this strategy enables the organization to allocate resources towards its primary healthcare mission, rather than diverting funds to external insurance premiums.
Who is the CEO of Loma Linda University Adventist Health Sciences Cntr Liability Trust?
M'Lissa Groh is the Trustee of Loma Linda University Adventist Health Sciences Cntr Liability Trust.
What is the revenue of Loma Linda University Adventist Health Sciences Cntr Liability Trust?
Loma Linda University Adventist Health Sciences Cntr Liability Trust's revenue in 2022 was $20,784,791.
Who are the executives of Loma Linda University Adventist Health Sciences Cntr Liability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $15,872
- Related: $0
- Other: $0
Where can I find the form 990 for Loma Linda University Adventist Health Sciences Cntr Liability Trust?
Loma Linda University Adventist Health Sciences Cntr Liability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loma Linda University Adventist Health Sciences Cntr Liability Trust
Loma Linda University Adventist Health Sciences Cntr Liability Trust is a self-insuring organization that assumes the risk for general and professional liability claims. In simpler terms, this trust safeguards Loma Linda University Adventist Health Sciences Center from financial liabilities arising from lawsuits and professional negligence claims. By self-insuring, the trust allows the organization to maintain greater control over its risk management and insurance costs.
The mission of Loma Linda University Adventist Health Sciences Cntr Liability Trust is focused on ensuring financial protection for the healthcare center against potential claims. Its role is essential, as managing and mitigating risks is a critical aspect of running a large healthcare institution. By taking on these risks, the trust enables Loma Linda University Adventist Health Sciences Center to continue providing top-quality healthcare services to its community.
In essence, Loma Linda University Adventist Health Sciences Cntr Liability Trust acts as a financial buffer, absorbing the financial impact of costly legal claims. This allows the healthcare center to allocate its resources more effectively, ensuring better care for its patients. The trust's dedication to risk management enables Loma Linda University Adventist Health Sciences Center to maintain a strong financial position and continue its mission of delivering exceptional healthcare services.
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Impact
October, 2024
Loma Linda University Adventist Health Sciences Center Liability Trust plays a crucial role in managing risks associated with general and professional liabilities within the healthcare sector. By self-insuring these risks, the Trust provides a safety net for healthcare providers, allowing them to operate with greater financial security and confidence.
This approach helps ensure that medical professionals can focus on delivering quality care without the constant worry of potential liability claims. The Trust's activities contribute to the overall stability of healthcare services in the San Bernardino area by fostering a safer environment for both practitioners and patients.
Moreover, by pooling resources to self-insure, the Trust aligns with a mutual benefit philosophy, where the shared risks and costs lead to more sustainable healthcare practices. This model also helps streamline the claims process, potentially lowering administrative costs and improving resource allocation within the health system. Overall, the impact of Loma Linda University Adventist Health Sciences Center Liability Trust is significant in promoting a resilient healthcare infrastructure that benefits the community as a whole.
This information is meant to be a general summary of Loma Linda University Adventist Health Sciences Cntr Liability Trust. 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: $2,872,098
- Program Service Revenue: $17,912,693
- Gross Receipts: $49,032,153
Assets and Liabilities:
- Total Assets: $61,741,857
- Total Liabilities: $0
- Net Assets: $61,741,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POOLED INSURANCE CONTR
Revenue
$17,912,693
Organization Details
Founding Year
1985
Phone
(909) 558-4000Principal Officer
M'Lissa Groh
Main Address
197 EAST CAROLINE ST STE 2000, SAN BERNARDINO, CA, 92408
NTEE Category
Code: Y200 - Mutual benefit
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