Ascension Health Professional And General Liability Self-Insurance
- Assets
- $585.4m
- Revenue
- $273.1m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 36-7046706
Organization Overview
Ascension Health Professional And General Liability Self-Insurance is located in St Louis, MO. The organization was established in 2006. 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. Ascension Health Professional And General Liability Self-Insurance 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 06/2022, Ascension Health Professional And General Liability Self-Insurance generated $273.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $322.6m during the year ending 06/2022. While expenses have increased by 14.8% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE, HOLD AND INVEST CONTRIBUTIONS AND DISBURSE CLAIMS AND EXPENSES PAYABLE.
Describe the Organization's Program Activity:
ASCENSION HEALTH ALLIANCE PROFESSIONAL AND GENERAL LIABILITY SELF INSURANCE TRUST (HEREINAFTER "TRUST"), WAS FORMED TO MAINTAIN THE SELF-INSURANCE FUNDING FOR THE PAYMENT OF CLAIMS ARISING AGAINST LIABILITY COVERAGE FOR THE TAX-EXEMPT MEMBER ORGANIZATIONS OF THE SPONSORS OF ASCENSION HEALTH ALLIANCE. THE TRUST RECEIVES PARTICIPANT CONTRIBUTIONS FROM COVERED ENTITIES AND PAYS THE CLAIMS AND ADMINISTRATIVE EXPENSES OF THE PROGRAM. ASCENSION HEALTH ALLIANCE, A TAX-EXEMPT ENTITY, IS THE SPONSOR OF THE SELF-INSURANCE PROGRAM; ALL BENEFICIARIES OF THE TRUST ARE TAX-EXEMPT ORGANIZATIONS RELATED TO THE SPONSORS OF ASCENSION HEALTH ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee (end 12/2018) | 1 | $0 | |
Name Not Listed Trustee (start 1/2019) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quantros Inc Development Fees For New Event Reporting | 6/29/15 | $3,328,433 |
Marsh Usa Inc Consulting And Brokerage Services | 6/29/15 | $386,015 |
Cs Stars Llc Claims System Support | 6/29/15 | $211,860 |
Towers Watson Pennsylvania Inc Actuarial Services | 6/29/15 | $273,386 |
Integro Usa Inc Insurance Broker | 6/29/15 | $190,902 |
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 | $255,839,524 |
| Investment income | $17,285,190 |
| 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 | $273,124,714 |
| 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 | $189,440 |
| Advertising and promotion | $0 |
| Office expenses | $9,534 |
| Information technology | $3,725,419 |
| Royalties | $0 |
| Occupancy | $169,099 |
| 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 | $8,639,920 |
| All other expenses | $1,387,357 |
| Total functional expenses | $322,582,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,317,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,954,868 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $580,086,531 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $585,359,320 |
| Accounts payable and accrued expenses | $6,855,421 |
| 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 | $659,577,152 |
| Total liabilities | $666,432,573 |
| Net assets without donor restrictions | -$81,073,253 |
| 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 | $585,359,320 |