Overview
What is Peninsula General Hospital Insurance Trust?
Peninsula General Hospital Insurance Trust, established on March 1st, 1986, is a nonprofit entity situated in Salisbury, Maryland. The primary mission of this trust is to support TidalHealth Peninsula Regional, Inc. by creating and maintaining a segregated fund. This fund is intended to cover workers compensation claims and related administrative costs that are not covered by other workers compensation insurance. By doing so, the trust aims to provide additional financial support and protection to TidalHealth Peninsula Regional, Inc. and its employees during times of workers compensation incidents. The trust itself does not employ any staff, as its main function is to serve as a financial resource for covered claims.
Is Peninsula General Hospital Insurance Trust legitimate?
Peninsula General Hospital Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula General Hospital Insurance 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: $2,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Peninsula General Hospital Insurance Trust?
The Peninsula General Hospital Insurance Trust exists with the primary objective of supporting Tidalhealth Peninsula Regional, Inc. by providing a segregated fund. This fund is intended to cover workers compensation claims and associated administrative costs that are not covered by other workers compensation insurance. By doing so, the Trust helps ensure that Tidalhealth Peninsula Regional, Inc., a community hospital, can manage its workers compensation obligations effectively. The Trust, established in 1986, does not employ any staff, and its costs related to investigation, adjustment, and defense of accounting activities are included in Tidalhealth Peninsula Regional, Inc.'s annual Form 990 filing.
Who is the CEO of Peninsula General Hospital Insurance Trust?
Unavailable
What is the revenue of Peninsula General Hospital Insurance Trust?
Peninsula General Hospital Insurance Trust's revenue in 2023 was $225,623.
Who are the executives of Peninsula General Hospital Insurance Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,600
- Related: $0
- Other: $0
Where can I find the form 990 for Peninsula General Hospital Insurance Trust?
Peninsula General Hospital Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Peninsula General Hospital Insurance Trust
Peninsula General Hospital Insurance Trust, in its mission, supports TidalHealth Peninsula Regional, Inc. by providing a segregated fund. This fund is specifically designed to cover workers compensation claims and associated administrative costs that are not covered by other workers compensation insurance. By doing so, the Trust helps ensure that TidalHealth Peninsula Regional, Inc., a community hospital, can maintain its operations and provide necessary medical services to its patients, even in the face of unexpected workers compensation-related expenses. The Trust itself does not employ any staff, but its activities are included in the annual Form 990 filing by TidalHealth Peninsula Regional, Inc. This indicates that the Trust plays a crucial role in supporting the hospital's financial stability and ability to provide comprehensive healthcare services to its community.
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Impact
October, 2024
Peninsula General Hospital Insurance Trust plays a crucial role in supporting TidalHealth Peninsula Regional, Inc. by creating a dedicated financial resource for managing specific workers' compensation claims. Established in 1986, the Trust operates by maintaining a segregated fund that addresses claims and related administrative expenses that traditional workers' compensation insurance may not cover.
This mechanism ensures that the community hospital can effectively manage unexpected financial burdens related to worker injuries and associated costs, thereby enhancing its operational stability. By covering these gaps, the Trust not only safeguards the hospital's financial health but also allows TidalHealth to focus on providing quality healthcare services without the added worry of uncovered claims.
Through its strategic funding approach, the Peninsula General Hospital Insurance Trust contributes to the overall resilience of the healthcare system in Salisbury, Maryland, ultimately benefiting both the staff and patients by fostering a safer, more secure workplace environment.
This information is meant to be a general summary of Peninsula General Hospital Insurance 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 2023.
- Investment Income: $225,623
- Gross Receipts: $2,360,917
Assets and Liabilities:
- Total Assets: $6,911,346
- Total Liabilities: $0
- Net Assets: $6,911,346
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Organization Details
Founding Year
1986
Phone
(410) 546-6400Main Address
100 EAST CARROLL STREET, SALISBURY, MD, 218015493
NTEE Category
Code: Y200 - Mutual benefit
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