Pocono Health System Medical Professional Liability Self Ins Tr

Organization Overview

Pocono Health System Medical Professional Liability Self Ins Tr is located in East Stroudsburg, PA. The organization was established in 2005. 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. Pocono Health System Medical Professional 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 07/2021, Pocono Health System Medical Professional Liability Self Ins Tr generated $263.3k 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 (38.5%) each year. All expenses for the organization totaled $317.8k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (37.7%) per year over the past 6 years. 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

HOLDING OF FUNDS FOR SELF-INSURANCE PROGRAM FOR GENERAL AND PROFESSIONAL LIABILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST WAS CREATED FOR THE PURPOSE OF ACCUMULATING AND HOLDING FUNDS FOR USE IN THE SELF-INSURANCE PROGRAM FOR PROFESSIONAL LIABILITY RISKS. THE TRUST HOLDS FUNDS ON BEHALF OF POCONO HEALTH SYSTEM AND ITS NOT-FOR-PROFIT AFFILIATED CORPORATIONS, INCLUDING POCONO MEDICAL CENTER, POCONO HEALTHCARE PARTNERS, FAMILY CARE CENTERS, INC., POCONO AMBULATORY SERVICES, INC., POCONO HEALTH FOUNDATION, POCONO VNA-HOSPICE, AND WEST END COMMUNITY AMBULANCE ASSOCIATION.


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Board, Officers & Key Employees

Name (title)Compensation
Pnc Bank
Trustee
$8,058
Elizabeth Wise
President
$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$50,000
Investment income $197,285
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,046
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $263,331

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