Overview
What is Methodist Hospital Self-Insurance Trust?
The Methodist Hospital Self-Insurance Trust is a nonprofit organization established by Houston Methodist Hospital to manage and invest funds for covering malpractice and patient liability losses. The Trust, owned by Houston Methodist, serves as a safety net, ensuring financial resources are available to protect patients and meet associated costs.
Is Methodist Hospital Self-Insurance Trust legitimate?
Methodist Hospital Self-Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Hospital Self-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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Methodist Hospital Self-Insurance Trust?
The Methodist Hospital Self-Insurance Trust serves as a financial resource for covering malpractice and patient liability losses incurred by the Methodist Hospital. Established as a trust, it safeguards and invests funds contributed by the hospital to ensure the availability of funds for protecting patients. The trust is owned by Houston Methodist and is dedicated to funding reasonable costs associated with patient care and risk mitigation. Its primary function is to provide financial security and support for the hospital's efforts in maintaining a safe and reliable healthcare environment.
Who is the CEO of Methodist Hospital Self-Insurance Trust?
Edward L Tyrrell is the Trustee of Methodist Hospital Self-Insurance Trust.
What is the revenue of Methodist Hospital Self-Insurance Trust?
Methodist Hospital Self-Insurance Trust's revenue in 2022 was $29,751,346.
Who are the executives of Methodist Hospital Self-Insurance Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $524,620
- Other: $0
Where can I find the form 990 for Methodist Hospital Self-Insurance Trust?
Methodist Hospital Self-Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Methodist Hospital Self-Insurance Trust
The Methodist Hospital Self-Insurance Trust serves as a vital funding source for Houston Methodist Hospital and its affiliated entities, covering malpractice and general patient liability losses. Established as a trust, it ensures the safekeeping and investment of funds contributed by the hospital. The primary objective of the Trust is to protect patients by funding costs incurred in safeguarding their wellbeing. Houston Methodist Hospital maintains ownership of the organization.
In essence, the Methodist Hospital Self-Insurance Trust acts as a financial shield for Houston Methodist Hospital, mitigating financial risks associated with patient care and potential claims. By providing this essential service, the Trust enables the hospital to focus on delivering high-quality healthcare to its patients without undue concern for financial repercussions of litigation. The Trust's mission is grounded in the responsibility to safeguard the hospital's resources, ensuring the ongoing availability of care for those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Methodist Hospital Self-Insurance Trust serves as a critical financial safety net for malpractice and general patient liability losses associated with Houston Methodist Hospital and its affiliated entities. By safeguarding and investing funds contributed by the hospital, the Trust allows for the management of reasonable costs related to patient protection. This structure promotes financial stability and allows the hospital to focus on delivering quality care while mitigating potential liabilities. The Trust plays a vital role in ensuring that resources are available to address claims and protect both the institution and its patients effectively.
This information is meant to be a general summary of Methodist Hospital Self-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 2022.
- Investment Income: $8,000,000
- Program Service Revenue: $21,751,346
- Gross Receipts: $29,751,346
Assets and Liabilities:
- Total Assets: $131,623,600
- Total Liabilities: $0
- Net Assets: $131,623,600
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDING REVENUE
Revenue
$21,751,346
Organization Details
Founding Year
1977
Phone
(832) 667-6160Principal Officer
Edward L Tyrrell
Main Address
6565 FANNIN GB240, HOUSTON, TX, 77030
NTEE Category
Code: Y200 - Mutual benefit
If you are a representative of Methodist Hospital Self-Insurance Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.