NonprofitsFive Pointe Professional Liability Insurance Company

Health Care

Five Pointe Professional Liability Insurance Company

WILMINGTON, DE

Total revenue

$74.4M

Total expenses

$80.4M

Net assets

$103.5M

Grants received

EIN

204191006

Tax year

2023

Mission

The company is a non-profit sponsored captive insurance company organized and operated exclusively for the charitable purposes for the benefit of its member organizations. The corporation serves as an integral part of and furthers the exempt purposes of its members, charitable hospitals and related healthcare organizations by providing "self-insurance" professional liability coverage for certain hospitals and healthcare entities described in irc section 501(c)(3). The members are main line hospitals, inc., riddle memorial hospital, thomas jefferson university hospitals, inc., and magee rehabilitation hospital.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$65.9M
Investment income$8.5M
Other revenue
Total revenue$74.4M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$80.4M
Total expenses$80.4M
Total assets$437.3M
Net assets$103.5M

People

12 listed

NameRoleCompensation

ALFRED C SALVATO

Director (beginning 1/1/24) / CIO TJU

Board

1 hrs/wk

BRIAN T CORBETT

Secretary / General Counsel MLH

Board

1 hrs/wk

DIANNE P SALTER

Director / Five Pointe President

Board

10 hrs/wk

John Mordach

Treasurer / CFO JH

Board

1 hrs/wk

MICHAEL J BUONGIORNO

Chairman / CFO MLH

Board

1 hrs/wk

Edmund D Pribitkin

Director / Chief Physician Executive JH

Board

1 hrs/wk

JOHN J LYNCH III

Director / President & CEO MLH

Board

1 hrs/wk

KIRK E GORMAN

DIRECTOR (Through 12/31/23)

Board

1 hrs/wk

Leigh R Ehrlich

Director (beginning 1/1/24) / CFO MLH

Board

1 hrs/wk

Lisa Ramthun

Director / VP Risk JH

Board

1 hrs/wk

MICHAEL B WALSH

Director (Through 7/31/23) / Sr VP Finance JH

Board

1 hrs/wk

Courtney Doherty

Assistant Secretary

Board

1 hrs/wk

Independent contractors

RUSSELL INVESTMENT GROUP

INVESTMENT SERVICES

$1.0M

Details

EIN204191006
NTEE codeE11
Subsection03
Ruling date2006-01
Formed2006
Employees0
Volunteers0
FIVE POINTE PROFESSIONAL LIABILITY INSURANCE COMPANY — Mission, Financials & Grants Received | Grantivo