Overview
What is Associated Health Assurance Ltd?
Associated Health Assurance Ltd is a specialized insurance company, specifically categorized as a captive insurance company, situated in Robbinsdale, Minnesota. Its primary function is to offer professional liability insurance and worker's compensation reimbursement coverage exclusively for North Memorial Health Care, a tax-exempt parent organization. This unique arrangement allows North Memorial Health Care to manage and mitigate its risks more effectively, while Associated Health Assurance Ltd serves as a dedicated insurance provider tailored to their needs.
Official website here: www.northmemorial.com
Is Associated Health Assurance Ltd legitimate?
Associated Health Assurance Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associated Health Assurance Ltd 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: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.northmemorial.com
What is the mission statement of Associated Health Assurance Ltd?
Associated Health Assurance Ltd serves as a captive insurance company, offering professional liability insurance and worker's compensation reimbursement coverage exclusively for North Memorial Health Care. The primary objective of Associated Health Assurance Ltd is to safeguard North Memorial Health Care against potential liabilities and work-related injuries, thereby providing financial protection. As a captive insurance company, Associated Health Assurance Ltd operates with a unique model, ensuring that North Memorial Health Care's insurance needs are met in a tailored and cost-effective manner.
Official website here: www.northmemorial.com
What is the revenue of Associated Health Assurance Ltd?
Associated Health Assurance Ltd's revenue in 2023 was $4,432,154.
Official website here: www.northmemorial.com
Who are the executives of Associated Health Assurance Ltd and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $158,392
- Other: $26,518
- Compensation: $0
- Related: $71,846
- Other: $8,435
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $720,094
- Other: $47,133
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $144,458
- Other: $26,637
Official website here: www.northmemorial.com
Where can I find the form 990 for Associated Health Assurance Ltd?
Associated Health Assurance Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.northmemorial.com
Learn more at the official website: www.northmemorial.com
Mission Statement of Associated Health Assurance Ltd
Associated Health Assurance Ltd, as a captive insurance company, is dedicated to providing professional liability insurance and worker's compensation reimbursement coverage exclusively for North Memorial Health Care. This mission serves to protect and safeguard North Memorial Health Care, ensuring they are covered in case of any liability claims or worker's compensation incidents. By acting as a captive insurance company, Associated Health Assurance Ltd provides a unique level of customization and tailored coverage, specifically catering to the needs of North Memorial Health Care.
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Impact
October, 2024
Associated Health Assurance Ltd plays a crucial role in ensuring the financial stability and risk management of North Memorial Health Care by providing specialized professional liability insurance and worker's compensation reimbursement coverage. By operating as a captive insurance company, it enables North Memorial Health Care to customize its insurance solutions to better meet the unique needs and challenges of the healthcare environment.
Situated in Robbinsdale, MN, Associated Health Assurance Ltd contributes to the overall safety and security of the healthcare provider by absorbing and managing risk. This not only protects healthcare professionals against potential malpractice claims but also safeguards the organization from the costs associated with workplace injuries. In doing so, it enhances the organization's ability to focus on delivering quality care to patients while maintaining a sustainable operational model.
Through its dedicated insurance services, Associated Health Assurance Ltd reinforces the mission of North Memorial Health Care, ensuring that healthcare providers can perform their duties with confidence, ultimately benefitting the community it serves.
This information is meant to be a general summary of Associated Health Assurance Ltd. 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 2023.
- Investment Income: $363,154
- Program Service Revenue: $4,069,000
- Gross Receipts: $4,432,154
Assets and Liabilities:
- Total Assets: $12,447,723
- Total Liabilities: $8,194,582
- Net Assets: $4,253,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$4,069,000
Organization Details
Founding Year
1976
Principal Officer
Kent Kleppe
Website
www.northmemorial.comNTEE Category
Code: Y20 - Mutual benefit
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