University Of Chicago Self Insurance Trust

Organization Overview

University Of Chicago Self Insurance Trust is located in Chicago, IL. The organization was established in 0000. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, University Of Chicago Self Insurance Trust generated $30.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $20.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

A SELF INSURANCE PROGRAM FOR THE PURPOSE OF SETTLING HEALTH CARE PATIENT CLAIMS ASSERTING PROFESSIONAL NEGLIGENCE AGAINST THE UNIVERSITY OF CHICAGO, THE UNIVERSITY OF CHICAGO MEDICAL CENTER, THEIR EMPLOYEES AND AGENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS FROM THE TRUST FOR SETTLING HEALTH CARE CLAIMS ASSERTING PROFESSIONAL NEGLIGENCE. OTHER PROGRAM SERVICE IF DONE DURING THE YEAR: EXCESS INSURANCE PREMIUMS FOR CLAIMS EXCEEDING THE SELF-INSURED RETENTION. MISCELLANEOUS EXPENSES RELATED TO THE PROGRAM FOR ACTUARIAL SERVICES AND OTHER MISCELLANEOUS EXPENSES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dwyer & Coogan Pc
Legal Fees
$2,600,000
Dudley & Lake Llc
Legal Fees
$4,500,000
Brustin & Lundblad Ltd
Legal Fees
$2,500,000
Conviser Melanie Grabavoy
Legal Fees
$2,000,000
Hornewer Law Firm Llc
Legal Fees
$2,500,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$22,277,809
Investment income $14,366,162
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,530,283
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,113,688

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