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THE BROOKLYN HOSPITAL SELF INSURANCE TRUST F/K/A BROOKLYN HOSPITAL PROVIDER

BROOKLYN, NY · EIN 112501235 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$152K
expenses
$4.4M
net assets
$0
employees
0
volunteers
21
program ratio
100%
mission · from form 990

SELF-INSURANCE RESERVE FUND CREATED BY THE BROOKLYN HOSPITAL CENTER TO PROTECT ITSELF BY DISCHARGING CERTAIN LIABILITIES CAUSED BY LOSSES NOT COVERED BY INSURANCE POLICIES.

profile · synthesized from sources

The Brooklyn Hospital Self Insurance Trust is a reserve fund established by The Brooklyn Hospital Center to manage its own liabilities for losses not covered by traditional insurance policies. It functions as a captive insurance entity to protect the hospital from financial risk. The organization operates exclusively to support the hospital's self-insurance needs.

named programs · 1 · from sources

What they call their work

Self-Insurance Reserve Fund
Manages and discharges liabilities arising from losses not covered by external insurance policies for The Brooklyn Hospital Center
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Establishment and maintenance of self-insurance reserve fund
      Operates a self-insurance reserve fund to cover liabilities arising from losses not covered by traditional insurance policies, functioning as a risk management mechanism for the organization.
financials · form 990 · fy2024
revenue
Total revenue$152K
Contributions & grants$00%
Program service revenue$00%
Investment income$152K100%
Other revenue$0
expenses
Total expenses$4.42M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$52.18M
Cash$2.83M
Investments$280K
Liabilities$52.18M
Net assets$0
Liquid reserves8.4 mo
3 years on record · 2020–2024 · YoY revenue +284.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 14
NameTitleHours/wkCompensation
GARY TERRINONI PRESIDENT & CEO 1 $1.83M
PRATIBHA VEMULAPALLI MD CHAIR, DEPT OF SURGERY (UNTIL 11/24) 1 $698K
JAMES GASPERINO CHIEF OF SVC MEDICINE 1 $664K
SAM J AMIRFAR MD CHIEF MEDICAL OFF & CIO 1 $547K
STACY FRIEDMAN ESQ SR VP AND GENERAL COUNSEL 1 $507K
GAETANO MENNONNA SR VP HUMAN RESOURCES 1 $471K
LENUE H SINGLETARY III SVP, EXT. AFFAIRS, STRTG & MKTG 1 $469K
ARMAND P ASARIAN MD FACS CHIEF ACADEMIC OFFICER 1 $462K
JOHN WALSH VP, CFO 1 $428K
JUDY MCLAUGHLIN SR VP & CHIEF NURSING OFFICER 1 $426K
JOHN FERRARA VP, COO 1 $400K
SHARON WICKES SVP, STRATEGIC & BUS. ANALYTICS 1 $374K
ROBERT AULICINO CONSULTANT 1 $311K
PATRICK LEBLANC MD PRES. OF PROF. STAFF 1 $302K
board members · 11
  • ADRINA BANKS-MARTIN — VICE CHAIR
  • ALIREZA ESMAELIZADEH — TRUSTEE
  • ANNE ELIZABETH FONTAINE — CHAIR
  • BERNARD DRAYTON — TRUSTEE
  • CARLOS P NAUDON — IMMEDIATE PAST CHAIR
  • CATHY SOMMER ISELIN — TRUSTEE
  • DARWIN HUANG — TRUSTEE
  • DAYAN ABEYARATNE — TRUSTEE
  • DINO VERONESE — TRUSTEE
  • EARL D WEINER — TRUSTEE
  • J BARCLAY COLLINS II — SECRETARY
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.