Overview
What is Baptist Healthcare System Inc Workers Compensation Trust?
Baptist Healthcare System Inc Workers Compensation Trust is a nonprofit entity, primarily situated in Louisville, Kentucky. Its main objective is to offer workers compensation benefits to various associated organizations. This is achieved through a self-funded trust and excess insurance policies. The trust makes payments to healthcare providers for necessary medical services and to employees for lost wages, ensuring financial support during such circumstances. The establishment of this trust by Baptist Healthcare System, Inc., a 501(c)(3) corporation, is in compliance with Kentucky state law, aiming to provide workers compensation benefits directly.
Is Baptist Healthcare System Inc Workers Compensation Trust legitimate?
Baptist Healthcare System Inc Workers Compensation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Healthcare System Inc Workers Compensation 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
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What is the mission statement of Baptist Healthcare System Inc Workers Compensation Trust?
The Baptist Healthcare System Inc. Workers Compensation Trust was established with the primary objective of providing workers compensation benefits. This is achieved through a self-funded trust and excess insurance policies. The Trust's purpose, as outlined in its establishment, is to enable Baptist Healthcare System, Inc., a 501(c)(3) corporation, to comply with Kentucky state laws concerning workers compensation. The Trust offers medical service payments to various healthcare providers and lost wage compensation to employees who are part of the related organizations under its purview.
Who is the CEO of Baptist Healthcare System Inc Workers Compensation Trust?
Richard F Carrico is the Ceo & Director of Baptist Healthcare System Inc Workers Compensation Trust. The CEO's salary of Baptist Healthcare System Inc Workers Compensation Trust is $0 and their total compensation is $3,563,038.
What is the revenue of Baptist Healthcare System Inc Workers Compensation Trust?
Baptist Healthcare System Inc Workers Compensation Trust's revenue in 2022 was $4,138,216.
Who are the executives of Baptist Healthcare System Inc Workers Compensation Trust and what are their salaries?
Here are 19 key members and their salaries (Baptist Healthcare System Inc Workers Compensation Trust's CEO's salary is $0 and their total compensation is $3,563,038):
- Compensation: $0
- Related: $3,233,092
- Other: $329,946
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $1,627,181
- Other: $38,060
- Compensation: $0
- Related: $1,089,048
- Other: $39,420
- Compensation: $0
- Related: $969,533
- Other: $22,485
Where can I find the form 990 for Baptist Healthcare System Inc Workers Compensation Trust?
Baptist Healthcare System Inc Workers Compensation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Baptist Healthcare System Inc Workers Compensation Trust
Baptist Healthcare System Inc's Workers Compensation Trust is established with a singular mission: to ensure the provision of workers compensation benefits. This mission is accomplished through a self-funded trust and excess insurance policies. The primary reason for establishing this trust is to enable Baptist Healthcare System, Inc., a 501(c)(3) corporation, to fulfill its legal obligation to provide workers compensation benefits as mandated by Kentucky state statute, directly. The Trust is responsible for making payments to various healthcare providers for medical services and to employees for lost wages. By doing so, Baptist Healthcare System Inc's Workers Compensation Trust plays a crucial role in supporting the well-being of its associated organizations and their employees during periods of work-related injuries.
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Impact
October, 2024
Baptist Healthcare System Inc Workers Compensation Trust plays a crucial role in providing workers' compensation benefits to numerous related organizations within the healthcare sector. By offering a self-funded trust and excess insurance, it ensures that employees receive essential support during times of injury or illness. This support manifests through payments for medical services from various healthcare providers and compensation for lost wages, helping to maintain the financial stability of affected workers and their families.
The trust effectively addresses the requirements set forth by Kentucky statute, allowing Baptist Healthcare System, Inc. to manage its workers’ compensation responsibilities directly. This localized approach not only complies with regulatory mandates but also supports the broader mission of maintaining the health and well-being of the workforce involved in delivering healthcare services. Overall, the impact of the Workers Compensation Trust is significant, as it fosters a safer working environment and a more resilient healthcare organization by prioritizing the welfare of its employees.
This information is meant to be a general summary of Baptist Healthcare System Inc Workers Compensation 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: $9,549
- Program Service Revenue: $4,128,667
- Gross Receipts: $4,138,216
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$4,128,667
Organization Details
Founding Year
1985
Phone
(502) 896-5000Principal Officer
Richard F Carrico
Main Address
1901 Campus Place, Louisville, KY, 40299
NTEE Category
Code: Y20Z - Mutual benefit
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