Montefiore Medicine Academic Health Self Insurance Trist

Organization Overview

Montefiore Medicine Academic Health Self Insurance Trist is located in Bronx, NY. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Montefiore Medicine Academic Health Self Insurance Trist 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 12/2021, Montefiore Medicine Academic Health Self Insurance Trist generated $78.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $85.2m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR THE DISCHARGE OF LIABILITIES OF THE SETTLEMENTS OF CLAIMS AGAINST, AND THE REIMBURSEMENT OF LOSSES SUFFERED BY THE GRANTOR'S CONTROLLED ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM SELF INSURANCE TRUST IS A SECTION 501(C)(3) SUPPORTING ORGANIZATION, ORGANIZED AND OPERATED FOR THE BENEFIT OF MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM (MMAHS) AND ITS CONTROLLED SUPPORTED ORGANIZATIONS. MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM SELF INSURANCE TRUST WAS FORMED BY MMAHS, A SECTION 501(C)(3) PARENT OF AN INTEGRATED HEALTHCARE DELIVERY SYSTEM, COMPRISED PRIMARILY OF SECTION 501(C)(3) HOSPITAL ORGANIZATIONS. THE TRUST WAS FORMED TO SATISFY THE MALPRACTICE CLAIMS OF MMAHS AND ITS CONTROLLED ENTITIES AND TO PROTECT MMAHS, ITS CONTROLLED ENTITIES AND COVERED PERSONS AGAINST LOSSES AND EXPENSES ARISING FROM MEDICAL MALPRACTICE LIABILITIES. THE SOLE PURPOSE OF THE TRUST IS TO PROVIDE FOR THE DISCHARGE OF LIABILITIES OF THE SETTLEMENT OF CLAIMS AGAINST, AND THE REIMBURSEMENT OF LOSSES SUFFERED BY MMAHS AND ITS CONTROLLED ENTITIES.


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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$78,028,348
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,028,348

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