Stc Healthcare Partners Risk Retention Group
- Assets
- $20.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2023
- EIN
- 84-3669082
Organization Overview
Stc Healthcare Partners Risk Retention Group is located in Charleston, SC. 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. Stc Healthcare Partners Risk Retention Group 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 12/2023, Stc Healthcare Partners Risk Retention Group generated $4.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSURANCE AND CLAIMS DEFENSE FOR ST. CHRISTOPHER'S CHILDREN'S HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES INSURANCE AND/OR CLAIMS DEFENSE, ADMINISTRATION, AND INDEMNITY TO STC HEALTHCARE PARTNERS, LLC, ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN, AND STC PEDIATRICS, LLC, EACH OF WHICH IS DESCRIBED IN SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ahern President | OfficerTrustee | 1 | $0 |
John Fry Vice President | OfficerTrustee | 1 | $0 |
Robert Ehinger Treasurer | OfficerTrustee | 1 | $0 |
Helen Bowman Secretary | OfficerTrustee | 1 | $0 |
Gavin Taylor Foggon Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Obermeyer Rebmann Maxwell& Hippel Llp Legal/underwriting Services | 12/30/23 | $476,288 |
Marsh Management Services Inc Captive Management Services | 12/30/23 | $113,356 |
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 | $3,891,387 |
| Investment income | $572,074 |
| 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 | $4,463,461 |
| 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 | $1,842,984 |
| 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 | $107,554 |
| Fees for services: Legal | $30,605 |
| Fees for services: Accounting | $26,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,935 |
| Fees for services: Other | $70,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,077 |
| 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 | $2,235 |
| Total functional expenses | $2,200,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,531,840 |
| Savings and temporary cash investments | $14,696,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,936,226 |
| 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 | $101,964 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,355 |
| Total assets | $20,309,834 |
| Accounts payable and accrued expenses | $119,764 |
| Grants payable | $0 |
| Deferred revenue | $3,753,396 |
| 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 | $8,308,263 |
| Total liabilities | $12,181,423 |
| Net assets without donor restrictions | $0 |
| 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 | $2,000,000 |
| Retained earnings, endowment, accumulated income, or other funds | $6,128,411 |
| Total liabilities and net assets/fund balances | $20,309,834 |