Overview
What is Sutter Insurance Services Corporation?
Sutter Insurance Services Corporation, based on the provided information, functions as a risk management support organization for Sutter Health and its affiliates. Their mission involves assisting these entities in achieving their financial, patient care, and business objectives through prudent risk financing and well-executed risk management programs. This nonprofit organization plays a crucial role in strengthening the overall performance and resilience of Sutter Health and its affiliates.
Official website here: www.sutterhealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 72%, Two-Star out of Four Star rating.
Sutter Insurance Services Corporation has received a Two-Star rating, with its overall score reflecting a focus on Accountability & Finance. The organization achieved a score of 72 in this category, indicating some strengths in its financial practices. Notably, they scored full points in areas such as the existence of an Audit and Oversight Committee, whistleblower policy, and document retention practices.
However, the organization faces significant challenges regarding board independence, scoring 0% for having independent members. This lack of independent oversight may raise concerns about governance and accountability. Additionally, while the organization has a high program expense ratio, indicating effective allocation of funds towards its mission, it fell short in posting its tax form on its website, which could affect transparency. Overall, while there are positive aspects to Sutter Insurance Services Corporation, there are critical areas needing improvement in governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Sutter Insurance Services Corporation legitimate?
Sutter Insurance Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sutter Insurance Services 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
For more financial information, click here
Official website here: www.sutterhealth.org
What is the mission statement of Sutter Insurance Services Corporation?
Sutter Insurance Services Corporation functions as a risk management support organization, aiding Sutter Health and its affiliates in achieving their objectives. Through strategic risk financing and well-planned risk management programs, they contribute to the financial, patient care, and business success of their partner organizations. Sutter Insurance Services Corporation's efforts focus on ensuring the stability and growth of their clients' operations, ultimately contributing to improved patient care and overall business prosperity. They are dedicated to supporting their partners' goals by implementing effective risk management strategies.
Official website here: www.sutterhealth.org
Who is the CEO of Sutter Insurance Services Corporation?
Gena Peyton is the Sh Vp, Cro, Sisco Sec of Sutter Insurance Services Corporation. The CEO's salary of Sutter Insurance Services Corporation is $0 and their total compensation is $570,354.
Official website here: www.sutterhealth.org
What is the revenue of Sutter Insurance Services Corporation?
Sutter Insurance Services Corporation's revenue in 2022 was $37,815,206.
Official website here: www.sutterhealth.org
Who are the executives of Sutter Insurance Services Corporation and what are their salaries?
Here are 8 key members and their salaries (Sutter Insurance Services Corporation's CEO's salary is $0 and their total compensation is $570,354):
- Compensation: $0
- Related: $5,124,807
- Other: $275,603
- Compensation: $0
- Related: $194,285
- Other: $3,265,142
- Compensation: $0
- Related: $2,919,261
- Other: $226,992
- Compensation: $0
- Related: $2,576,364
- Other: $192,152
- Compensation: $0
- Related: $2,238,623
- Other: $136,396
- Compensation: $0
- Related: $516,635
- Other: $53,719
- Compensation: $0
- Related: $335,150
- Other: $36,655
- Compensation: $0
- Related: $252,253
- Other: $33,896
Official website here: www.sutterhealth.org
Where can I find the form 990 for Sutter Insurance Services Corporation?
Sutter Insurance Services Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sutterhealth.org
Learn more at the official website: www.sutterhealth.org
Mission Statement of Sutter Insurance Services Corporation
Sutter Insurance Services Corporation, a risk management support organization, plays a vital role in helping Sutter Health and its affiliates achieve their financial, patient care, and business objectives. By employing sound risk financing and effective risk management programs, Sutter Insurance Services Corporation supports Sutter Health's mission in a significant way.
In essence, Sutter Insurance Services Corporation functions as a strategic partner to Sutter Health and its affiliates. It assists these organizations in managing risks and mitigating potential financial losses. Through its expertise in risk management, Sutter Insurance Services Corporation helps ensure that Sutter Health can continue to deliver high-quality patient care while maintaining financial stability.
Sutter Insurance Services Corporation's mission is multifaceted. Its primary objective is to help Sutter Health and its affiliates minimize risks and protect their financial interests. This is achieved through various risk management strategies and programs. Additionally, Sutter Insurance Services Corporation strives to enhance Sutter Health's ability to provide exceptional patient care. By effectively managing risks, Sutter Insurance Services Corporation allows Sutter Health to invest more resources into patient care initiatives and improve overall outcomes.
In summary, Sutter Insurance Services Corporation serves as a crucial component of Sutter Health's operations. Its mission focuses on providing risk management support and expertise, allowing Sutter Health and its affiliates to better manage risks, protect their financial interests, and improve patient care.
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
Sutter Insurance Services Corporation plays a critical role in enhancing the operational effectiveness of Sutter Health and its affiliates. By focusing on risk management and sound risk financing, the organization helps ensure that healthcare services are delivered efficiently and sustainably. Its initiatives support financial stability, improve patient care outcomes, and streamline business objectives, ultimately fostering a safer and more reliable healthcare environment. Located in Honolulu, HI, Sutter Insurance Services Corporation functions as a pivotal resource, enabling Sutter Health to navigate challenges effectively while maintaining a commitment to quality patient care and organizational goals.
This information is meant to be a general summary of Sutter Insurance Services 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: -$49,186,462
- Program Service Revenue: $86,649,908
- Gross Receipts: $91,365,260
Assets and Liabilities:
- Total Assets: $348,347,309
- Total Liabilities: $217,159,567
- Net Assets: $131,187,742
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.
PREMIUM REVENUE
Revenue
$86,649,908
Organization Details
Founding Year
1992
Phone
(916) 286-6665Principal Officer
Gena Peyton
Main Address
700 Bishop Street Suite 1100, HONOLULU, HI, 96813
Website
www.sutterhealth.orgNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Sutter Insurance Services Corporation 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.