Truman Medical Center Professional And General Liability Self-Ins Tr
- Assets
- $25.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 43-1946384
Organization Overview
Truman Medical Center Professional And General Liability Self-Ins Tr is located in Kansas City, MO. The organization was established in 2002. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truman Medical Center Professional And General Liability Self-Ins Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Truman Medical Center Professional And General Liability Self-Ins Tr generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BOTH TMC AND UHP BY PROVIDING A PROGRAM OF INSURANCE FOR THEIR EMPLOYEES AND MEDICAL PROVIDERS.
Describe the Organization's Program Activity:
IMPROVE PATIENT CARE AND PROMOTE THE HEALTH OF THE COMMUNITY BY PROTECTING AGAINST RISKS OF LIABILITY IN A COST-EFFECTIVE WAY THROUGH PROFESSIONAL AND GENERAL LIABILITY SELF-INSURANCE COVERAGE FOR TRUMAN MEDICAL CENTER, UNIVERSITY HEALTH PHYSICIANS, TMC CHARITABLE FOUNDATION AND THEIR RESPECTIVE EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome S Tilzer Management Committee Chair | OfficerTrustee | 1 | $0 |
Jolie Justus Management Committee Secretary | Officer | 1 | $0 |
Lauren Vestal MD Management Committee Member | Trustee | 1 | $0 |
Ann Mesle Management Committee Member | Trustee | 1 | $0 |
Mark T Steele MD Management Committee Member | Trustee | 1 | $0 |
John Gianino MD Management Committee Member | Trustee | 1 | $0 |
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 | $2,482,929 |
| Investment income | $164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,366,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,849,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,105,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,341,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,106 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,945,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,601,158 |
| Accounts payable and accrued expenses | $18,845,729 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,845,729 |
| Net assets without donor restrictions | $6,755,429 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,601,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
Sapp Brothers Petroleum Inc Employee Group Health Plan Omaha, NE | $3,121,227 | $10,056,821 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |
Outdoor Venture Corporation Health Benefit Trust Stearns, KY | $0 | $3,017,686 |
Life And Health Insurance Protection Association Oklahoma City, OK | $13,788,663 | $175,480 |