Five Pointe Professional Liability Insurance Company
99% goes to programs Strong reserves Growing revenue
Five Pointe Professional Liability Insurance Company is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2006, with $74,431,495 in FY2023 revenue. CharityIndex grades it A, and it directs about 99% of spending to programs.
1105 N Market St, Wilmington, DE, 19801 EIN 20-4191006 Since 2006
Revenue (FY2023)
$74.4M
▼ 45.0% vs prior year
Health median: $840K
Expenses (FY2023)
$80.4M
Net assets
$103.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Five Pointe Professional Liability Insurance Company: 99% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating15 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Five Pointe Professional Liability Insurance Company: 15 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Five Pointe Professional Liability Insurance Company: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Five Pointe Professional Liability Insurance Company: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 1105 N Market St, Wilmington, DE, 19801
- City
- Wilmington
- State
- Delaware
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $67.0M (FY2013) to $74.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $333.8MNet assets $103.5M
Operating margin
-8.1%
Spent more than it raised in the latest fiscal year.
Total assets
$437.3M
Total liabilities
$333.8M
Net assets
$103.5M
Salaries & benefits
$0
0% of expenses
Board members
9
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,431,495▼45.0% | $80,438,299▼42.1% | $103,505,409▲41.7% | $437,294,885▲11.3% | 990 |
| 2022 | $135,366,544▲183% | $138,953,031▲135% | $73,062,150▲464% | $393,050,212▲69.1% | 990 |
| 2021 | $47,889,541▲4.7% | $59,240,667▲28.0% | $12,959,432▼77.6% | $232,485,102▼3.9% | 990 |
| 2020 | $45,761,537▲7.8% | $46,277,350▲53.1% | $57,972,003▼0.3% | $241,906,004▲13.6% | 990 |
| 2019 | $42,434,830▲10.2% | $30,232,201▲19.8% | $58,120,526▼12.4% | $212,943,544▼3.2% | 990 |
| 2018 | $38,509,637▼2.3% | $25,237,588▲55.0% | $66,330,672▼3.5% | $219,953,751▲1.3% | 990 |
| 2017 | $39,397,947▲3.7% | $16,283,921▼16.6% | $68,717,937▼1.4% | $217,042,683▲6.0% | 990 |
| 2016 | $37,986,817▼43.9% | $19,517,853▲54.9% | $69,664,608▲7.5% | $204,832,536▲0.7% | 990 |
| 2015 | $67,747,798▲5.9% | $12,603,027▼56.6% | $64,776,660▼33.9% | $203,380,056▼19.9% | 990 |
| 2014 | $63,964,899▼4.5% | $29,050,214▲1.9% | $97,972,565▼14.4% | $253,870,261▼7.1% | 990 |
| 2013 | $66,978,169 | $28,522,537▲9.5% | $114,398,306▲9.6% | $273,208,080▲0.8% | 990 |
| 2012 | — | $26,044,781▼19.0% | $104,335,312▲25.8% | $271,170,397▲1.2% | 990 |
| 2011 | — | $32,161,288▼9.8% | $82,913,279▲7.5% | $268,001,469▲2.8% | 990 |
| 2010 | — | $35,654,620▼49.2% | $77,135,469▲73.5% | $260,649,112▼6.3% | 990 |
| 2009 | — | $70,192,919 | $44,452,956 | $278,098,537 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alfred C Salvato | Director (beginning 1/1/24) / Cio Tju | 1 | — |
| Brian T Corbett | Secretary / General Counsel Mlh | 1 | — |
| Courtney Doherty | Assistant Secretary | 1 | — |
| Dianne P Salter | Director / Five Pointe President | 10 | — |
| Edmund D Pribitkin | Director / Chief Physician Executive Jh | 1 | — |
| John J Lynch III | Director / President & Ceo Mlh | 1 | — |
| John Mordach | Treasurer / Cfo Jh | 1 | — |
| Kirk E Gorman | Director (through 12/31/23) | 1 | — |
| Leigh R Ehrlich | Director (beginning 1/1/24) / Cfo Mlh | 1 | — |
| Lisa Ramthun | Director / Vp Risk Jh | 1 | — |
| Michael B Walsh | Director (through 7/31/23) / Sr Vp Finance Jh | 1 | — |
| Michael J Buongiorno | Chairman / Cfo Mlh | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Russell Investment Group | Investment Services | $1,013,867 |
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Compare Five Pointe Professional Liability Insurance Company
Frequently asked questions
- Is Five Pointe Professional Liability Insurance Company a legitimate nonprofit?
- Yes. Five Pointe Professional Liability Insurance Company is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-4191006, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Five Pointe Professional Liability Insurance Company's EIN?
- Five Pointe Professional Liability Insurance Company's Employer Identification Number (EIN) is 20-4191006.
- How much revenue does Five Pointe Professional Liability Insurance Company report?
- Five Pointe Professional Liability Insurance Company reported $74,431,495 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Five Pointe Professional Liability Insurance Company's spending goes to programs?
- Five Pointe Professional Liability Insurance Company spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Five Pointe Professional Liability Insurance Company have?
- CharityIndex grades Five Pointe Professional Liability Insurance Company A, based on program efficiency and fundraising cost.
- How much does Five Pointe Professional Liability Insurance Company's highest-paid employee make?
- The highest reported compensation on Five Pointe Professional Liability Insurance Company's latest Form 990 is $0, paid to Alfred C Salvato (Director (beginning 1/1/24) / Cio Tju).
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Data for Five Pointe Professional Liability Insurance Company (EIN 20-4191006) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.