NonprofitsAssociated Health Assurance Ltd

Mutual & Membership Benefit

Associated Health Assurance Ltd

ROBBINSDALE, MN

Total revenue

$5.7M

Total expenses

$4.8M

Net assets

$6.6M

Grants received

EIN

980343815

Tax year

2023

Mission

Associated health assurance, ltd is a captive insurance company which provides professional liability insurance and worker's compensation reimbursement coverage solely for north memorial health care, the tax exempt parent company.

Programs

1 program

Provided workers compensation and employers liability deductible insurance policy that covered north memorial health care's $750,000 per claim deductible with respect to its worker's compensation insurance policy that is carried by a different third-party insurance company ($15.875mm in annual aggregate). North memorial health care makes monthly workers' compensation payments to its insurance provider then submits a claim for reimbursement from associated health assurance for its insured deductible. 487 new workers' compensation indemnity claims and/or medical claims were made during the year. $956,315 was paid on new claims during the year, while $2,274,509 was paid on claims from prior policy years.

Expenses: $4.5M

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$5.2M
Investment income$579K
Other revenue
Total revenue$5.7M

Expenses

Grants paid
Salaries & benefits$5K
Fundraising
Other expenses$4.8M
Total expenses$4.8M
Total assets$16.5M
Net assets$6.6M

People

5 listed

NameRoleCompensation

CHIARA NANNINI

BOARD MEMBER

Board

$5K

2 hrs/wk

KENT KLEPPE

PRESIDENT

Board

2 hrs/wk

STEPH GALE

VICE PRESIDENT

Board

2 hrs/wk

SARAH LUSHER

ALT. BOARD MEMBER

Board

2 hrs/wk

CAROL BEEHLER

BOARD MEMBER

Board

2 hrs/wk

Details

EIN980343815
NTEE codeY20
Subsection03
Ruling date2001-04
Formed1976
Employees0
Volunteers0
ASSOCIATED HEALTH ASSURANCE LTD — Mission, Financials & Grants Received | Grantivo