Overview
What is Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust?
Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust is a self-insurance program established for the benefit of Mercy Hospital in Iowa City, Iowa. The primary purpose of this trust is to safeguard financial resources, properties, and other assets contributed by the participants. These assets are intended to create medical malpractice and liability reserves, providing a protective cushion for potential liabilities. The trust operates as a means of risk management, ensuring financial stability for Mercy Hospital in the event of such liabilities.
Official website here: www.mercyiowacity.org
Is Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust legitimate?
Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Hospital Iowa City Iowa Self Insurance Plan And 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
Official website here: www.mercyiowacity.org
What is the mission statement of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust?
The Mercy Hospital Iowa City Self Insurance Plan and Trust was established with a mission to safeguard financial resources contributed by its participants. These resources are intended to create reserves for medical malpractice and liability liabilities. The main objective of this trust is to ensure the availability of funds to cover potential legal and medical expenses arising from such liabilities. By doing so, the trust aims to protect the hospital and its participants from significant financial losses. The trust operates as a self-insurance program, providing a financial buffer for potential future claims.
Official website here: www.mercyiowacity.org
Who is the CEO of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust?
Tom Clancy is the Treasurer of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust. The CEO's salary of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust is $0 and their total compensation is $0.
Official website here: www.mercyiowacity.org
What is the revenue of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust?
Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust's revenue in 2022 was $77,884.
Official website here: www.mercyiowacity.org
Who are the executives of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust and what are their salaries?
There 4 volunteers at Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust.
Here are 7 key members and their salaries (Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $346,293
- Other: $45,192
- Compensation: $0
- Related: $141,766
- Other: $24,885
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mercyiowacity.org
Where can I find the form 990 for Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust?
Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyiowacity.org
Learn more at the official website: www.mercyiowacity.org
Mission Statement of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust
The Mercy Hospital Iowa City Self Insurance Plan and Trust was established with a mission to safeguard funds, properties, and other assets. These resources were contributed by its participants with the primary purpose of establishing medical malpractice and liability reserves. The trust serves as a protective shield, ensuring that the financial reserves are readily available to cover any potential liability claims or medical malpractice incidents. By doing so, the Trust aims to provide financial stability and security to Mercy Hospital Iowa City, safeguarding its operations and future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Mercy Hospital Iowa City Iowa Self Insurance Plan and Trust serves a crucial role in safeguarding financial resources designated for medical malpractice and liability reserves. By creating a structured self-insurance program, the Trust ensures that Mercy Hospital has a reliable means to manage and mitigate risks associated with medical liability. This proactive approach not only protects the hospital's assets but also bolsters the institution's ability to provide quality healthcare services by enhancing financial stability.
The Trust's impact extends beyond mere asset protection; it fosters a sense of security among healthcare providers, allowing them to focus on patient care without the constant worry of financial repercussions from unforeseen legal issues. Furthermore, by maintaining adequate reserves, the Trust contributes to the overall sustainability of healthcare operations, which is vital in an environment where medical malpractice claims can significantly affect organizational viability.
In essence, the Mercy Hospital Iowa City Iowa Self Insurance Plan and Trust plays a pivotal role in ensuring the hospital's operational integrity while reinforcing the safety net for both healthcare providers and patients in the community.
This information is meant to be a general summary of Mercy Hospital Iowa City Iowa Self Insurance Plan And 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: $77,884
- Gross Receipts: $685,403
Assets and Liabilities:
- Total Assets: $492,917
- Total Liabilities: $1,210,708
- Net Assets: -$717,791
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(319) 339-0300Principal Officer
Tom Clancy
Main Address
500 East Market Street, Iowa City, IA, 52245
Website
www.mercyiowacity.orgNTEE Category
Code: E19 - Health
If you are a representative of Mercy Hospital Iowa City Iowa Self Insurance Plan And Trust 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.