MOUNT SINAI HEALTH SYSTEM SELF INSURANCE TRUST (EIN 823994798) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Phone

7188910700

Tax Period

2023-01-01 to 2023-12-31

MOUNT SINAI HEALTH SYSTEM SELF INSURANCE TRUST, founded in 2018, is a major nonprofit in the Health Care sector that reported $108.6M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum.

Mission

A SELF INSURANCE PROGRAM FOR THE PURPOSE OF SETTLING HEALTH CARE PATIENT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $103,452,620

Investment Income $5,185,553

Other Revenue $0

TOTAL REVENUE $108,638,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,502

Fundraising Expenses $0

Program Expenses $110,450,022

Other Expenses $110,447,520

TOTAL EXPENSES $110,450,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,638,173	$59,869,618	+0.8%
Expenses	$110,450,022	$127,690,751	-0.1%
Net Income	$-1,811,849	$-67,821,133	-1.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INSTITUTIONAL TRUSTEE	0.3		$2,502	$0	$2,502

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	$108,638,173	$110,450,022	$481,911,261	$-1,811,849
2022	$59,869,618	$127,690,751	$382,755,130	$-67,821,133
2021	$98,428,023	$125,343,907	$337,636,938	$-26,915,884
2020	$107,435,541	$80,713,229	$264,312,121	$26,722,312
2019	$77,478,487	$79,134,678	$155,864,488	$-1,656,191
2018	$76,044,025	$74,493,385	$75,806,125	$1,550,640
2018	$76,044,025	$74,493,385	$75,806,125	$1,550,640

MOUNT SINAI HEALTH SYSTEM SELF INSURANCE TRUST