Overview
What is Piedmont Liability Trust?
Piedmont Liability Trust is a nonprofit organization situated in Charlottesville, Virginia. Its primary function is to manage and settle medical professional liability claims on behalf of the University of Virginia Physicians' Group and covered clinicians associated with University of Virginia Health. This involves the administration and allocation of funds intended for addressing such claims. The organization was established with the purpose of accumulating and preserving funds for this specific purpose. It operates with a team of 10 individuals dedicated to fulfilling its mission.
Is Piedmont Liability Trust legitimate?
Piedmont Liability Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piedmont 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: $1,145,022
Professional Fundraising Fees: $0
Other Salaries and Wages: $649,818
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What is the mission statement of Piedmont Liability Trust?
The Piedmont Liability Trust was established with the purpose of accumulating and holding funds to settle medical professional liability claims against the University of Virginia Physicians' Group and covered clinicians affiliated with the University of Virginia Health. Its primary mission is to manage and pay out these liability claims, as well as manage the funds set aside for this purpose. The trust serves as a financial safety net for the mentioned medical professionals, ensuring they have the necessary resources to handle any legal disputes related to their professional practices.
Who is the CEO of Piedmont Liability Trust?
Rebecca W West Jd Esq is the CEO of Piedmont Liability Trust The CEO's salary of Piedmont Liability Trust is $607,495 and their total compensation is $614,620.
What is the revenue of Piedmont Liability Trust?
Piedmont Liability Trust's revenue in 2024 was $11,639,538.
Who are the executives of Piedmont Liability Trust and what are their salaries?
The average compensation at Piedmont Liability Trust during 2024 was $199,427. There are 9 employees and 16 volunteers at Piedmont Liability Trust.
Here are 21 key members and their salaries (Piedmont Liability Trust's CEO's salary is $607,495 and their total compensation is $614,620):
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- Other: $10,304
- Compensation: $607,495
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- Other: $7,125
Where can I find the form 990 for Piedmont Liability Trust?
Piedmont Liability Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Piedmont Liability Trust
Piedmont Liability Trust, a nonprofit organization, was established with a specific purpose. Its mission is centered around accumulating and holding funds intended to settle medical professional liability claims against the University of Virginia Physicians' Group and covered clinicians affiliated with the University of Virginia Health. This mission serves to protect these medical professionals from financial liability, ensuring they can continue providing healthcare services without undue financial burden. The organization manages these funds meticulously, overseeing the payment of medical professional liability claims when necessary. In essence, Piedmont Liability Trust acts as a financial safeguard, providing a financial cushion for the University of Virginia Physicians' Group and covered clinicians in the event of liability claims.
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Impact
October, 2024
Piedmont Liability Trust plays a critical role in managing and overseeing financial resources dedicated to addressing medical professional liability claims for the University of Virginia Physicians' Group and its covered clinicians. By accumulating and holding funds specifically for this purpose, the Trust helps ensure that claims are handled in a timely and effective manner.
This organization manages the funds necessary to cover potential liabilities, which not only provides financial security for healthcare providers but also enhances the overall stability of the healthcare ecosystem at the University of Virginia Health. Their efforts ultimately contribute to the trust and confidence of both patients and practitioners, fostering a safer and more reliable healthcare environment in Charlottesville and beyond. Through efficient management of medical liability claims, Piedmont Liability Trust helps protect the interests of clinicians while prioritizing patient care and professional integrity.
This information is meant to be a general summary of Piedmont 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 2024.
- Investment Income: $2,534,653
- Program Service Revenue: $8,520,426
- Gross Receipts: $22,525,986
Assets and Liabilities:
- Total Assets: $84,995,109
- Total Liabilities: $74,547,573
- Net Assets: $10,447,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM ASSESSMENTS
Revenue
$8,520,426
Organization Details
Founding Year
1989
Principal Officer
Bruce D Gehle
NTEE Category
Code: Y200 - Mutual benefit
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