The University Of South Alabama Professional Liability Trust Fund

Organization Overview

The University Of South Alabama Professional Liability Trust Fund is located in Mobile, AL. The organization was established in 1992. 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. University Of South Alabama Professional Liability Trust Fund 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 09/2021, University Of South Alabama Professional Liability Trust Fund generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.6m during the year ending 09/2021. While expenses have increased by 4.1% per year over the past 6 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

PROVIDE RISK MANAGEMENT SERVICES FOR THE BENEFIT OF SPONSORING TAX-EXEMPT ENTITIES, INCLUDING EDUCATION OF EMPLOYEES THEREOF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RISK MANAGEMENT SERVICES FOR THE BENEFIT OF SPONSORING TAX-EXEMPT ENTITIES, INCLUDING EDUCATION OF EMPLOYEES IN MEDICAL PROCEDURES TO AVOID LIABILITY AND PROCESSING LIABILITIES ACUTALLY INCURRED.


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Board, Officers & Key Employees

Name (title)Compensation
Constance G Cook
Director, Pa
$0
John Marymont
Director
$0
Tony Waldrop
Director
$0
Owen Bailey
Director
$0
Benny Stover
Director
$0
James Carter Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Frazer Greene Upchurch Baker Llc
Legal
$446,723
Armbrechy Jackson Llp
Legal
$377,007
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$7,858,942
Investment income $922,398
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,765,195
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,546,535

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