Overview
What is Saint Francis Health System General Professional Liability Trust?
Saint Francis Health System General Professional Liability Trust is a nonprofit organization based in Tulsa, Oklahoma, specifically located at 2200 S UTICA PL SUITE 550. Its primary purpose is to offer a cost-effective solution for managing and reducing the risks of legal liabilities associated with healthcare services provided by Saint Francis Health System, Inc. and its affiliated entities, all exempted under Section 501(c)(3). The trust acts as a pooled fund, accumulating contributions from Saint Francis Health System to protect against general and professional liability losses and related expenses.
What are the reviews and ratings of this charity?
Charity Navigator rating: 64%, Two-Star out of Four Star rating.
Saint Francis Health System General Professional Liability Trust has received a Two-Star rating, indicating potential concerns in its accountability and financial transparency. The organization has a low score of 64% due to a lack of independent board members and missing financial statements, which raises questions about governance and oversight. The absence of publicly available financial documents further limits transparency.
On a positive note, the organization shows strong performance in certain areas, achieving a remarkable program expense ratio of 99.95%. This suggests that nearly all funds are directed towards its programs, which is a significant strength. Additionally, the presence of conflict of interest and whistleblower policies, along with documented board meeting minutes, reflects some level of governance structure in place.
However, the noted limitations in independent oversight and the absence of key financial documents may deter potential donors and stakeholders who prioritize transparency and accountability in nonprofit organizations. Overall, while the organization demonstrates a commitment to its mission through efficient program spending, the governance issues highlighted by its low rating require attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Francis Health System General Professional Liability Trust legitimate?
Saint Francis Health System General Professional Liability Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Francis Health System General Professional 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: $12,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Saint Francis Health System General Professional Liability Trust?
The Saint Francis Health System General Professional Liability Trust serves to safeguard against legal risks and liability associated with healthcare services rendered by Saint Francis Health System (SFHS) and its professional employees. The trust operates as a pooled fund, where SFHS contributes to, resulting in a cost-effective solution for managing and mitigating potential legal liabilities. Its primary objective is to cover losses and related expenses incurred by SFHS and its exempted organizations in the event of general or professional liability claims. The trust plays a crucial role in protecting SFHS from financial burdens that may arise from delivering care to the sick and injured.
Who is the CEO of Saint Francis Health System General Professional Liability Trust?
Paula R Hamel is the Trustee of Saint Francis Health System General Professional Liability Trust.
What is the revenue of Saint Francis Health System General Professional Liability Trust?
Saint Francis Health System General Professional Liability Trust's revenue in 2022 was $17,816,591.
Who are the executives of Saint Francis Health System General Professional Liability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,385
- Related: $0
- Other: $0
Where can I find the form 990 for Saint Francis Health System General Professional Liability Trust?
Saint Francis Health System General Professional Liability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saint Francis Health System General Professional Liability Trust
Saint Francis Health System General Professional Liability Trust, often referred to as the Trust, serves a crucial role in safeguarding Saint Francis Health System, Inc. (SFHS) and its affiliated organizations against potential legal liabilities arising from healthcare services. By pooling resources from SFHS, the Trust offers a cost-effective solution for managing and reducing risks, ensuring the continuity of the organization's mission.
The Trust's primary objective is to absorb and compensate for general and/or professional liability losses incurred by SFHS and its exempted entities under Section 501(c)(3). Through this collective approach, the Trust effectively shields its members from the financial burdens and potential disruptions associated with legal claims, enabling them to maintain their focus on delivering quality healthcare services to those in need.
Moreover, the Trust's operations result in significant cost savings for SFHS, as the risks are spread across a larger pool, reducing the overall financial impact of individual claims. This financial protection empowers the healthcare system to dedicate more resources towards enhancing patient care and furthering its mission to serve the community.
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Impact
October, 2024
Saint Francis Health System General Professional Liability Trust plays a crucial role in managing the legal risks and liabilities associated with healthcare services delivered by Saint Francis Health System and its professional staff. By pooling contributions from the organization, the Trust creates a cost-effective mechanism to address general and professional liability losses and the related expenses incurred during the provision of care.
This approach not only safeguards the financial stability of Saint Francis Health System but also enhances its ability to focus on delivering high-quality care to patients. By mitigating the risks of legal claims, the Trust allows healthcare providers to operate with greater confidence, ensuring that the primary mission of caring for the sick and injured remains at the forefront. Moreover, in a landscape where legal challenges can significantly impact resources, the Trust stands as a strategic initiative to maintain operational integrity and support the overall healthcare mission.
This information is meant to be a general summary of Saint Francis Health System General Professional 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 2022.
- Investment Income: $316,591
- Gross Receipts: $23,210,572
Assets and Liabilities:
- Total Assets: $33,955,007
- Total Liabilities: $0
- Net Assets: $33,955,007
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Organization Details
Founding Year
2000
Phone
(918) 293-6861Principal Officer
Paula R Hamel
Main Address
2200 S UTICA PL SUITE 550, TULSA, OK, 74114
NTEE Category
Code: E11 - Health
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