PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION

EIN: 231984582

BLUE BELL, PA

Total Revenue
$18,390,707
Total Expenses
$8,534,438
Total Assets
$371,082,260
Net Assets
$341,968,997
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
PA
Principal Officer
SUSAN M SERSHA
Phone
6108288890
Tax Period
2023-01-01 to 2023-12-31

PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION, founded in 1976, is a mid-sized nonprofit that reported $18.4M in total revenue in fiscal year 2023. The organization ran a surplus of $9.9M, a strong 54% operating margin.

Mission

TO OFFER MEDICAL PROFESSIONAL LIABILITY INSURANCE IN ACCORDANCE WITH SECTION 732, SUBSECTION C, OF THE MEDICAL CARE AVAILABILITY AND REDUCTION OF ERROR ACT ("THE ACT").

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,974,847
Investment Income $12,415,860
Other Revenue $0
TOTAL REVENUE $18,390,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $761,994
Fundraising Expenses $0
Other Expenses $1,722,514
TOTAL EXPENSES $8,534,438

Year-over-Year Comparison

2023 2022 Change
Revenue $18,390,707 $18,081,244 +0.0%
Expenses $8,534,438 $11,906,834 -0.3%
Net Income $9,856,269 $6,174,410 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$317,843
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN M SERSHA PRESIDENT 40.00
Officer
$286,305 $31,538 $317,843
NANCY MC KITTRICK CLAIMS MANAG 40.00
Highest
$166,796 $23,005 $189,801
JEFFREY J DAVIS TREASURER N/A
Officer Director
$0 $0 $0
JAMES G NEALON III TRUSTEE N/A
Director
$0 $0 $0
JOHN KENAN DIRECTOR N/A
Director
$0 $0 $0
MARTIN TRICHTINGER MD DIRECTOR N/A
Director
$0 $0 $0
JOHN S OLKOWSKI DIRECTOR N/A
Director
$0 $0 $0
CHESTER SZCZEPANSKI DIRECTOR N/A
Director
$0 $0 $0
CHERYL TAMASITIS DIRECTOR N/A
Director
$0 $0 $0
ADAM PARSONS ESQ SECRETARY N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $18,390,707 $8,534,438 $371,082,260 $9,856,269
2022 $18,081,244 $11,906,834 $361,111,233 $6,174,410
2021 $27,707,766 $17,040,668 $353,920,542 $10,667,098
2020 $20,986,515 $3,992,171 $342,491,242 $16,994,344
2019 $14,995,059 $1,176,749 $315,684,803 $13,818,310
2018 $12,326,731 $5,057,512 $304,330,668 $7,269,219
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