Is Elliot Health System Prof & Gen Liab Ins…

Quick charity verification for Elliot Health System Prof & Gen Liab Ins Trust (EIN: 16217452)

Spending Breakdown

How Elliot Health System Prof & Gen Liab Ins Trust allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Elliot Health System Prof & Gen Liab Ins Trust

Is Elliot Health System Prof & Gen Liab Ins Trust a legitimate charity?

Based on AI analysis of IRS 990 filings, Elliot Health System Prof & Gen Liab Ins Trust (EIN: 16217452) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Elliot Health System Prof & Gen Liab Ins Trust a good charity to donate to?

Elliot Health System Prof & Gen Liab Ins Trust has a Mission Score of 70/100. Revenue: $5.9M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Elliot Health System Prof & Gen Liab Ins Trust?

The Employer Identification Number (EIN) for Elliot Health System Prof & Gen Liab Ins Trust is 16217452. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Elliot Health System Prof & Gen Liab Ins Trust spend its money?

Elliot Health System Prof & Gen Liab Ins Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Elliot Health System Prof & Gen Liab Ins Trust's tax-exempt status?

You can verify Elliot Health System Prof & Gen Liab Ins Trust's tax-exempt status using EIN 16217452 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Elliot Health System Prof & Gen Liab Ins Trust operates as a self-insurance trust, which is reflected in its financial statements. The organization consistently reports significant liabilities, such as $13,159,369 in 2023 and $15,790,819 in 2022, indicating its role in managing professional and general liability for the health system. Its revenue and expense figures fluctuate considerably year-to-year, with a notable negative revenue of $-274,163 in 2023 and expenses of $1,889,750, suggesting that its financial activity is driven by claims and investment performance rather than traditional fundraising or program service revenue. The trust's assets have also seen significant variation, from a high of $18,197,154 in 2016 to a low of $441,562 in 2023, which is typical for an entity managing a self-insurance fund where assets are used to cover liabilities.

Given its specific function as a liability insurance trust, traditional metrics of 'spending efficiency' for program delivery are not directly applicable. The primary 'program' is the management and payment of claims, which is reflected in its expenses. The organization consistently reports 0% officer compensation, indicating a lean administrative structure in terms of executive pay. Transparency is generally good through its consistent 990 filings, providing a clear view of its financial position and operational costs.

Overall, the trust appears to be fulfilling its intended purpose of managing liabilities for the Elliot Health System. Its financial health is intrinsically linked to the actuarial soundness of its reserves and the claims experience of the health system it serves. The significant liabilities relative to assets in recent years, such as $13,159,369 in liabilities against $441,562 in assets in 2023, warrant close monitoring, though this might be offset by guarantees or other arrangements with the parent health system.

Is Elliot Health System Prof & Gen Liab Ins Trust Legit?

Verdict: Elliot Health System Prof & Gen Liab Ins Trust appears trustworthy

Red Flags

Strengths