Overview
What is Mrm Property & Liability Trust?
Mrm Property & Liability Trust is a Pennsylvania-based nonprofit organization that offers a property and casualty insurance program to government entities. The trust, which has a mission to provide adequate and affordable risk coverage for its participants, operates under statutory authority from the state. By pooling or sharing certain liability risks among its members, the organization aims to reduce the frequency and amount of losses, minimize claims handling and litigation costs, and protect participants from commercial insurance market volatility. The trust's primary focus is to provide economically advantageous solutions for its participants, ensuring they receive the necessary coverage at the lowest possible cost.
Official website here: www.mrmtrust.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Mrm Property & Liability Trust has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored exceptionally well in all categories related to governance, demonstrating a fully independent board and robust financial oversight measures. The high program expense ratio indicates that a significant portion of their funds is directed towards their programs rather than administrative costs.
The nonprofit has also established comprehensive policies, including conflict of interest and whistleblower protections, ensuring organizational integrity and responsible management. Their commitment to transparency is further emphasized by the availability of board meeting minutes and the clear listing of their website on tax forms.
While the organization has shown exemplary financial health with a liabilities-to-assets ratio of 42.03%, this indicates prudent financial management. There were no reported material diversions of assets, which adds to its credibility. Overall, Mrm Property & Liability Trust stands out as a well-managed nonprofit dedicated to its mission with strong accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mrm Property & Liability Trust legitimate?
Mrm Property & Liability Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mrm Property & 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mrmtrust.com
What is the mission statement of Mrm Property & Liability Trust?
Mrm Property & Liability Trust is an organization that offers a property and casualty insurance program to its participants, primarily Pennsylvania government entities. Its mission is to provide economically advantageous solutions for risk coverage by pooling or sharing certain liabilities. This approach aims to minimize costs for participants in claim handling and litigation, offer adequate insurance protection, and shield them from the commercial insurance market's volatility. The organization strives to reduce the frequency and amount of losses and focuses on supplying affordable insurance to each participant.
Official website here: www.mrmtrust.com
Who is the CEO of Mrm Property & Liability Trust?
Christine Caliguiri is the Cfo/Trust Administrator of Mrm Property & Liability Trust. The CEO's salary of Mrm Property & Liability Trust is $0 and their total compensation is $105,143.
Official website here: www.mrmtrust.com
What is the revenue of Mrm Property & Liability Trust?
Mrm Property & Liability Trust's revenue in 2022 was $14,896,339.
Official website here: www.mrmtrust.com
Who are the executives of Mrm Property & Liability Trust and what are their salaries?
Here are 14 key members and their salaries (Mrm Property & Liability Trust's CEO's salary is $0 and their total compensation is $105,143):
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- Related: $120,687
- Other: $29,767
- Compensation: $0
- Related: $99,321
- Other: $5,822
- Compensation: $0
- Related: $146,593
- Other: $10,355
Official website here: www.mrmtrust.com
Where can I find the form 990 for Mrm Property & Liability Trust?
Mrm Property & Liability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrmtrust.com
Learn more at the official website: www.mrmtrust.com
Mission Statement of Mrm Property & Liability Trust
Mrm Property & Liability Trust, a Pennsylvania-based organization, is committed to providing and administering a property and casualty insurance program for government entities. The organization's ultimate goal is to offer adequate and affordable risk coverage for each participant by pooling or sharing certain liability risks. This approach aims to provide economically advantageous solutions for participants, minimizing their costs in handling and litigating claims, and protecting them from the volatility of the commercial insurance market.
In simpler terms, Mrm Property & Liability Trust serves as a collective platform for government entities to manage their property and casualty risks. By pooling their liabilities, the organization is able to reduce the frequency and amount of losses for individual entities and offer more affordable insurance solutions. Furthermore, the Trust strives to minimize the costs incurred by participants in the handling and litigation of claims, providing a protective shield against the unpredictability of commercial insurance rates.
Mrm Property & Liability Trust's mission is driven by its commitment to Pennsylvania government entities. By pooling their risks, the organization aims to provide a cost-effective and efficient solution for managing their property and casualty insurance needs. The Trust's approach not only helps individual entities save on insurance costs but also ensures they receive adequate coverage to protect against potential losses. Through this collaborative effort, Mrm Property & Liability Trust is providing a valuable service that supports the financial stability and risk management of government entities in Pennsylvania.
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Impact
October, 2024
Mrm Property & Liability Trust plays a critical role in providing essential property and casualty insurance for Pennsylvania government entities. By administering a comprehensive insurance program specifically tailored to the needs of its participants, the organization helps mitigate risks at a lower cost than traditional commercial insurance options.
The Trust focuses on reducing the frequency and severity of losses, which in turn helps to minimize the costs associated with claims handling and litigation for its members. This strategic approach not only protects government entities from the unpredictable nature of the commercial insurance market but also ensures that they have access to adequate risk coverage that is economically advantageous.
Through the pooling of liabilities and the sharing of certain risk factors, Mrm Property & Liability Trust fosters a collaborative environment that enhances financial stability for its participants. The Trust's commitment to delivering affordable risk management solutions strengthens the operational capabilities of government entities, enabling them to serve their communities more effectively while remaining financially sound.
This information is meant to be a general summary of Mrm Property & 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: $1,648,780
- Program Service Revenue: $13,247,559
- Gross Receipts: $17,850,704
Assets and Liabilities:
- Total Assets: $33,998,884
- Total Liabilities: $0
- Net Assets: $33,998,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS COLLECTED
Revenue
$12,679,059
ADMINISTRATIVE FEES
Revenue
$568,500
Organization Details
Founding Year
2002
Phone
(724) 934-9797Principal Officer
Christine Caliguiri
Main Address
1603 CARMODY CT BLAYMORE II 403, SEWICKLEY, PA, 15143
Website
www.mrmtrust.comNTEE Category
Code: Y20 - Mutual benefit
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