Variety Children's Hospital Professional Liability Trust

EIN: 592551434 501(c)(3)

Miami, FL

Total Revenue
$11,493
Total Expenses
$274
Total Assets
N/A
Net Assets
N/A
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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
1984
Legal Domicile
FL
Phone
3056666511
Tax Period
2020-01-01 to 2020-12-31

Variety Children's Hospital Professional Liability Trust, founded in 1984, is a micro nonprofit that reported $11K in total revenue in fiscal year 2020. The organization ran a surplus of $11K, a strong 98% operating margin.

Mission

THE PROFESSIONAL LIABILITY TRUST WAS SET UP TO ENABLE NICKLAUS CHILDREN'S HOSPITAL TO FUND AND PAY THE COST OF PROFESSIONAL LIABILITY CLAIMS AGAINST THE HOSPITAL.

Program Service Accomplishments

Program 1

THE PROFESSIONAL LIABILITY TRUST WAS SET UP TO ENABLE NICKLAUS CHILDREN'S HOSPITAL TO FUND AND PAY THE COST OF PROFESSIONAL LIABILITY CLAIMS AGAINST THE HOSPITAL. THE FUND IS BASED ON ACTUARIAL...

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THE PROFESSIONAL LIABILITY TRUST WAS SET UP TO ENABLE NICKLAUS CHILDREN'S HOSPITAL TO FUND AND PAY THE COST OF PROFESSIONAL LIABILITY CLAIMS AGAINST THE HOSPITAL. THE FUND IS BASED ON ACTUARIAL ESTIMATES OF EXPECTED PROFESSIONAL LIABILITY CLAIMS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $11,493
Other Revenue $0
TOTAL REVENUE $11,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $274
TOTAL EXPENSES $274

Year-over-Year Comparison

2020 2019 Change
Revenue $11,493 $11,381 +0.0%
Expenses $274 $250 +0.1%
Net Income $11,219 $11,131 +0.0%
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
17
Independent Members
13
Employees
N/A
Volunteers
13

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
9
$3,848,615
Total Directors
18
$2,920,389
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chairman/Director 0.1
Officer Director
$0 $0 $0
N/A Secretary/Director 0.1
Officer Director
$0 $20,250 $409,283
N/A Director, Interim President & COO NCH (Partial Year) 0.1
Officer Director
$0 $10,282 $549,037
N/A Vice Chairman/Director 0.1
Officer Director
$0 $0 $0
N/A Director, PRESIDENT & CEO 0.1
Officer Director
$0 $204,098 $1,110,278
N/A Director/President NCH 0.1
Officer Director
$0 $71,411 $518,222
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $27,668 $333,569
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Institutional Trustee N/A
$0 $0 $0
N/A VP/CFO Hospital 0.1
Officer
$0 $23,729 $309,885
N/A SVP/CFO Health System 0.1
Officer
$0 $65,573 $489,036
N/A SVP and General Counsel 0.1
Officer
$0 $80,301 $462,874
N/A President (Former) 0.0
$0 $0 $258,221
N/A CEO (Former) 0.0
$0 $0 $1,178,819
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
2020 $11,493 $274 No data $11,219
2020 $11,493 $274 $837,787 $11,219
2019 $11,381 $250 $693,654 $11,131
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