Overview
What is Self Insurance Fund - Novant Health Inc?
Self Insurance Fund - Novant Health Inc is an entity within Novant Health Inc, serving as a nonprofit organization. While the detailed activities and mission of this fund are not explicitly provided, the description suggests that it may adhere to a specific schedule for its operations, as indicated by "SEE SCHEDULE O". However, without further information, it's challenging to provide a comprehensive summary of its purpose, goals, or the services it offers.
Is Self Insurance Fund - Novant Health Inc legitimate?
Self Insurance Fund - Novant Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Self Insurance Fund - Novant Health Inc 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
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What is the mission statement of Self Insurance Fund - Novant Health Inc?
Unfortunately, the provided information does not include a mission statement for Self Insurance Fund - Novant Health Inc. As such, it is not possible to provide a summary of their mission.
Who is the CEO of Self Insurance Fund - Novant Health Inc?
Carl Armato is the Principal Officer of Self Insurance Fund - Novant Health Inc.
What is the revenue of Self Insurance Fund - Novant Health Inc?
Self Insurance Fund - Novant Health Inc's revenue in 2022 was -$115,444.
Who are the executives of Self Insurance Fund - Novant Health Inc and what are their salaries?
There 5 volunteers at Self Insurance Fund - Novant Health Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $1,755,765
- Other: $39,352
- Compensation: $0
- Related: $898,590
- Other: $110,642
- Compensation: $0
- Related: $1,748,678
- Other: $56,075
- Compensation: $0
- Related: $341,508
- Other: $29,512
- Compensation: $0
- Related: $299,710
- Other: $32,946
- Compensation: $0
- Related: $2,355,664
- Other: $61,852
- Compensation: $0
- Related: $1,593,978
- Other: $49,979
Where can I find the form 990 for Self Insurance Fund - Novant Health Inc?
Self Insurance Fund - Novant Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Self Insurance Fund - Novant Health Inc
Self Insurance Fund - Novant Health Inc, as per the available information, does not provide explicit details about its mission or activities. The data provided only mentions a scheduling restriction and a message encouraging the creation of a free account for access to more information. However, given this limited information, it can be inferred that Self Insurance Fund - Novant Health Inc might be involved in activities related to insurance, as indicated by the name "Self Insurance Fund." Without further details, it is not possible to provide a comprehensive summary or paraphrase of its mission.
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Impact
October, 2024
The Self Insurance Fund - Novant Health Inc plays a significant role in managing financial risk within the healthcare system. By establishing a self-insured fund, Novant Health is able to control costs associated with claims, reduce premium expenses typically paid to external insurance providers, and allocate resources more effectively. This allows for a more sustainable economic model while ensuring adequate coverage for potential liabilities.
The fund supports the organization’s mission by providing a financial safety net, promoting stability in operations, and enhancing the capability to manage various risks associated with healthcare delivery. Additionally, it empowers Novant Health to reinvest savings into patient care initiatives and infrastructure improvements, ultimately leading to enhanced service delivery and better health outcomes for the community it serves.
The mutual benefit aspect of the fund reinforces a collaborative approach within the organization, ensuring that both the institution and its stakeholders, including employees and patients, are protected and supported. This strategic financial management is crucial for maintaining operational integrity and delivering high-quality healthcare services.
This information is meant to be a general summary of Self Insurance Fund - Novant Health Inc. 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: -$115,444
- Gross Receipts: $18,510,166
Assets and Liabilities:
- Total Assets: $6,816,146
- Total Liabilities: $7,694,355
- Net Assets: -$878,209
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Organization Details
Founding Year
1989
Phone
(336) 277-2411Principal Officer
Carl Armato
Main Address
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC, 27103
NTEE Category
Code: Y200 - Mutual benefit
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