Overview
What is Florida Medical Insurance Corporation?
Florida Medical Insurance Corporation serves as a reliable source of liability insurance, specifically tailored to the unique requirements of the nonprofit medical sector. Based in Titusville, Florida, this organization primarily focuses on providing insurance coverage for North Brevard Medical Support, Inc. and Parrish Medical Center, as well as any associated entities and employees. The corporation operates as a captive insurer, ensuring financial stability and risk management within the medical industry.
Is Florida Medical Insurance Corporation legitimate?
Florida Medical Insurance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Medical Insurance Corporation 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 Florida Medical Insurance Corporation?
Florida Medical Insurance Corporation operates as a captive insurer, providing a stable source of liability insurance tailored to the specialized needs of the nonprofit medical industry for North Brevard Medical Support, Inc., Parrish Medical Center, and their affiliated entities and employees. Its mission is to support these organizations by offering insurance solutions that cater to their unique requirements within the medical sector. This collaboration aims to ensure financial security and risk management, enabling the medical institutions to focus on their primary mission of providing healthcare services.
Who is the CEO of Florida Medical Insurance Corporation?
Christopher Mcalpine is the Director of Florida Medical Insurance Corporation.
What is the revenue of Florida Medical Insurance Corporation?
Florida Medical Insurance Corporation's revenue in 2022 was $1,492,476.
Who are the executives of Florida Medical Insurance Corporation and what are their salaries?
There 8 volunteers at Florida Medical Insurance Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $824,343
- Other: $25,038
- Compensation: $0
- Related: $560,880
- Other: $0
- Compensation: $0
- Related: $373,846
- Other: $24,058
- Compensation: $0
- Related: $316,100
- Other: $25,038
- Compensation: $0
- Related: $243,337
- Other: $26,000
- Compensation: $0
- Related: $152,412
- Other: $10,741
- Compensation: $0
- Related: $104,409
- Other: $6,176
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Florida Medical Insurance Corporation?
Florida Medical Insurance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florida Medical Insurance Corporation
Florida Medical Insurance Corporation, as a captive insurer, is dedicated to providing a reliable source of liability insurance tailored to the unique needs of North Brevard Medical Support, Inc., Parrish Medical Center, and any affiliated entities and employees within the specialized nonprofit medical industry. Its mission is to offer a stable and customized insurance solution, ensuring these organizations are adequately protected against potential liabilities. By serving as a captive insurer, Florida Medical Insurance Corporation plays a crucial role in mitigating risks and offering financial security to its partners in the nonprofit medical sector.
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Impact
October, 2024
Florida Medical Insurance Corporation plays a crucial role in the healthcare landscape of North Brevard by providing a stable and tailored source of liability insurance specifically designed for the medical needs of local entities such as North Brevard Medical Support, Inc. and Parrish Medical Center. By operating as a captive insurer, it addresses the unique risk management challenges that these medical organizations face, ensuring that they can effectively protect their practices and their employees.
This specialized insurance framework enhances the overall stability and sustainability of healthcare services in the region, facilitating better access to care for the community. By focusing on the specific requirements of the healthcare industry, Florida Medical Insurance Corporation fosters a safer environment for both medical professionals and patients, ultimately contributing to improved health outcomes in the area. Its impact is felt not only in the financial security it provides but also in the quality of care offered to the community it serves.
This information is meant to be a general summary of Florida Medical Insurance Corporation. 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: $215,226
- Program Service Revenue: $1,277,250
- Gross Receipts: $1,495,073
Assets and Liabilities:
- Total Assets: $6,147,372
- Total Liabilities: $2,480,927
- Net Assets: $3,666,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUM REVE
Revenue
$1,277,250
Organization Details
Founding Year
2016
Phone
(441) 295-2185Principal Officer
Christopher Mcalpine
Main Address
951 N WASHINGTON AVE, TITUSVILLE, FL, 32796
NTEE Category
Code: E11 - Health
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