Overview
What is Ascension Health Alliance Professional & General Liability Self-Insurance T Rust?
Ascension Health Alliance Professional & General Liability Self-Insurance Trust, referred to as "Trust," is a self-insurance program established to manage the funding for claims arising from liability coverage for the tax-exempt member organizations affiliated with Ascension Health Alliance. The Trust, sponsored by the tax-exempt entity Ascension Health Alliance, receives contributions from covered entities and uses those funds to pay for claims and administrative expenses. Rooted in the loving ministry of Jesus as a healer, Ascension Health Alliance is committed to serving all individuals, particularly those who are poor and vulnerable. Their mission is centered on spiritually-driven, holistic care that sustains and improves health for individuals and communities. The Trust's operations align with Ascension Health Alliance's dedication to advocating for a compassionate and just society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ascension Health Alliance Professional & General Liability Self-Insurance Trust has received a two-star rating from Charity Navigator, indicating significant areas for improvement. The organization scored 62% overall, reflecting a lack of independent board members and a concerning liabilities to assets ratio of 142.21%, which raises questions about financial stability.
Despite these challenges, the organization demonstrates strengths in several accountability measures. They have established conflict of interest, whistleblower, and document retention policies, all of which scored full points. Furthermore, the organization has shown a commitment to program expenses, achieving a 100% program expense ratio, suggesting that all funds are directed towards their mission rather than administrative costs.
However, the absence of independent board members and failures to provide key financial documents on their website, including tax forms and board meeting minutes, reflect transparency issues that need to be addressed. These limitations contribute to the overall assessment of needing improvement and highlight the importance of enhancing governance practices moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ascension Health Alliance Professional & General Liability Self-Insurance T Rust legitimate?
Ascension Health Alliance Professional & General Liability Self-Insurance T Rust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascension Health Alliance Professional & General Liability Self-Insurance T Rust 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 Ascension Health Alliance Professional & General Liability Self-Insurance T Rust?
Ascension Health Alliance Professional & General Liability Self-Insurance T Rust is rooted in the loving ministry of Jesus as a healer and is committed to serving all individuals, with a special focus on those who are poor and vulnerable. Guided by spiritual-centered, holistic care, this Catholic health ministry aims to sustain and improve the health of individuals and communities. The organization advocates for a compassionate and just society through its actions and words. It receives and holds contributions, ready to disburse claims and expenses payable.
Who is the CEO of Ascension Health Alliance Professional & General Liability Self-Insurance T Rust?
Unavailable
What is the revenue of Ascension Health Alliance Professional & General Liability Self-Insurance T Rust?
Ascension Health Alliance Professional & General Liability Self-Insurance T Rust's revenue in 2022 was $273,124,714.
Who are the executives of Ascension Health Alliance Professional & General Liability Self-Insurance T Rust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $85,424
- Other: $0
Where can I find the form 990 for Ascension Health Alliance Professional & General Liability Self-Insurance T Rust?
Ascension Health Alliance Professional & General Liability Self-Insurance T Rust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ascension Health Alliance Professional & General Liability Self-Insurance T Rust
Ascension Health Alliance Professional & General Liability Self-Insurance T Rust, rooted in the loving ministry of Jesus as a healer, is a Catholic health ministry committed to serving all persons with special attention to those who are poor and vulnerable. This organization's mission is spiritually-centered and holistic, aiming to sustain and improve the health of individuals and communities. Ascension Health Alliance goes beyond traditional healthcare, advocating for a compassionate and just society through its actions and words. The team at Ascension Health Alliance receives, holds, and invests contributions, ensuring the resources are available to fulfill their mission effectively. By committing themselves to the loving ministry of Jesus, they uphold the values of spiritual care, compassion, and holistic health. They prioritize the needs of underserved communities and provide a safety net for those in need. Ascension Health Alliance's dedication extends beyond healthcare, as they advocate for a more equitable and compassionate society.
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Impact
October, 2024
The Ascension Health Alliance Professional & General Liability Self-Insurance Trust plays a critical role in the risk management strategy for tax-exempt organizations associated with the sponsors of Ascension Health Alliance. By maintaining a self-insurance fund, the Trust is designed to effectively receive and manage financial contributions from participating entities, enabling them to cover claims and administrative expenses related to liability coverage.
Through pooling resources, the Trust provides a safety net for member organizations, allowing them to navigate potential liabilities without the high costs associated with traditional insurance. This approach not only stabilizes financial risk for the members but also strengthens their operational capabilities, allowing them to focus on their mission of delivering compassionate and holistic healthcare, especially for vulnerable populations.
The Trust's impact extends beyond financial management; it cultivates an environment of shared responsibility among its beneficiaries. By aligning the interests of participant organizations, the Trust fosters collaboration and support within the healthcare community, encouraging a unified approach to addressing the challenges faced in providing healthcare services.
Overall, the Ascension Health Alliance Professional & General Liability Self-Insurance Trust enhances the capacity of healthcare providers to serve their communities effectively while ensuring that they remain safeguarded against potential liabilities.
This information is meant to be a general summary of Ascension Health Alliance Professional & General Liability Self-Insurance T Rust. 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: $17,285,190
- Program Service Revenue: $255,839,524
- Gross Receipts: $273,124,714
Assets and Liabilities:
- Total Assets: $585,359,320
- Total Liabilities: $666,432,573
- Net Assets: -$81,073,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTION
Revenue
$255,839,524
Organization Details
Founding Year
1983
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, St Louis, MO, 631455998
NTEE Category
Code: Y200 - Mutual benefit
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