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Liability Insurance Trust For Monongalia Health System

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 550689535 ✦ Morgantown, WV ✦ Designated as a 501(c)(3)

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Overview

What is Liability Insurance Trust For Monongalia Health System?

Liability Insurance Trust for Monongalia Health System is a nonprofit organization located at 1200 JD Anderson Drive, Morgantown, West Virginia (WV 26505). Its primary mission involves managing and settling liability claims and associated costs related to the operation of its risk management division. This role ensures financial protection and stability for the organization, allowing it to continue providing essential healthcare services.

Is Liability Insurance Trust For Monongalia Health System legitimate?

Liability Insurance Trust For Monongalia Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liability Insurance Trust For Monongalia Health System 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: $10,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,214

For more financial information, click here

What is the mission statement of Liability Insurance Trust For Monongalia Health System?

The Liability Insurance Trust for Monongalia Health System's mission is centered around managing and covering liability claims and associated costs that arise during the operation of its risk management division. This organization is committed to providing financial support in the event of such claims, thereby safeguarding the operations and potential financial losses for the risk management division. This mission is crucial in maintaining the operational efficiency and financial stability of the entity, thereby ensuring continuity in the delivery of healthcare services.

Who is the CEO of Liability Insurance Trust For Monongalia Health System?

David S Goldberg is the Principal Officer of Liability Insurance Trust For Monongalia Health System. The CEO's salary of Liability Insurance Trust For Monongalia Health System is $0 and their total compensation is $1,042,009.

What is the revenue of Liability Insurance Trust For Monongalia Health System?

Liability Insurance Trust For Monongalia Health System's revenue in 2022 was $4,295,648.

Who are the executives of Liability Insurance Trust For Monongalia Health System and what are their salaries?


Here are 4 key members and their salaries (Liability Insurance Trust For Monongalia Health System's CEO's salary is $0 and their total compensation is $1,042,009):


David Goldberg (President/Ceo)
  • Compensation: $0
  • Related: $911,058
  • Other: $130,951
Huntington Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Crudele (Interim Cfo)
  • Compensation: $0
  • Related: $480,000
  • Other: $0
Lisa Simon Cpa (Vp Finance/Cfo)
  • Compensation: $0
  • Related: $421,179
  • Other: $15,219
Where can I find the form 990 for Liability Insurance Trust For Monongalia Health System?

Liability Insurance Trust For Monongalia Health System's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Liability Insurance Trust For Monongalia Health System

The Liability Insurance Trust for Monongalia Health System is dedicated to fulfilling a specific mission. This mission revolves around the payment of liability claims and associated costs that arise from the operation of the risk management division. In essence, this nonprofit organization serves to mitigate financial risks and cover the expenses related to potential legal liabilities that may arise during the course of the risk management division's operations. This role is crucial in ensuring the financial stability and operational continuity of the risk management division, thereby protecting the broader interests of the Monongalia Health System.

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Impact




October, 2024

Liability Insurance Trust For Monongalia Health System plays a crucial role in safeguarding the operational integrity and financial stability of healthcare services in Morgantown, WV. By managing and paying liability claims and associated costs, the trust ensures that the Risk Management Division can effectively address potential legal and operational risks that arise in healthcare delivery.

This proactive approach not only mitigates financial burdens but also enhances the organization's ability to focus on patient care and safety. The trust’s activities help build a safer healthcare environment, as they address potential liabilities that could impact operational effectiveness. Additionally, by managing these risks, the trust contributes to maintaining public confidence in the healthcare services provided, thus fostering a healthier community overall. The strategic handling of liability issues empowers Monongalia Health System to prioritize its mission of delivering quality health services, ensuring that resources are effectively allocated to patient care rather than unplanned legal costs.




This information is meant to be a general summary of Liability Insurance Trust For Monongalia Health System. 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.

Revenue
$3,012,128 (2022)
Expenses
$2,943,567 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $58,094
  • Program Service Revenue: $4,237,554
  • Gross Receipts: $4,754,422

Assets and Liabilities:

  • Total Assets: $8,480,538
  • Total Liabilities: $0
  • Net Assets: $8,480,538

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REPLENISH TRUST FUND

Revenue

$4,237,554

Organization Details

Founding Year

1989

Principal Officer

David S Goldberg

Main Address

1200 JD ANDERSON DRIVE, MORGANTOWN, WV, 26505

NTEE Category

Code: E22 - Health

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