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Nonprofiteer
← RUSH UNIVERSITY SYSTEM FOR HEALTH SELF-INSURANCE TR

Form 990 for tax year 2023

Filed by RUSH UNIVERSITY SYSTEM FOR HEALTH SELF-INSURANCE TR.

Totals

Total revenue
$61,691,074
Total expenses
$79,890,533
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$52,000,000
Investment income
$9,516,119
Other revenue
$174,955
Total assets, end of year
$167,087,099
Total liabilities, end of year
$2,689,200
Net assets or fund balances, end of year
$164,397,899
Program services expenses (Part IX)
$79,890,533
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,890,533

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Funding of the Trust

    total $52,000,000 · related or exempt $52,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,295,680 · excluded $4,295,680

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $75,117,899

  • 7b · Less cost or other basis and sales expenses

    securities $69,897,460

  • 7c · Gain or loss

    securities $5,220,439 · other assets $0

  • 7d · Net gain or loss

    total $5,220,439 · unrelated business $277,677 · excluded $4,942,762

  • 11a · Other revenue: Benefit Payment Redeposits

    total $174,955 · related or exempt $174,955

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $174,955

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,023,562 · program services $3,023,562

  • 11b · Fees: legal

    total $4,146,595 · program services $4,146,595

  • 11f · Fees: investment management

    total $324,299 · program services $324,299

  • 11g · Fees: other

    total $746,564 · program services $746,564 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $180 · program services $180

  • 14 · Information technology

    total $668,344 · program services $668,344

  • 17 · Travel

    total $10,112 · program services $10,112

  • 24a · Other expenses: Claims Payments

    total $70,886,820 · program services $70,886,820

  • 24b · Other expenses: Northern Trust Custody Fee

    total $84,057 · program services $84,057

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $14,767,147 · end of year $7,010,248

  • 4 · Accounts receivable

    beginning of year $1,019,041 · end of year $389,434

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $167,247,805 · end of year $159,687,417

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,698,244 · end of year $2,689,200

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $172,335,749 · end of year $164,397,899

Mission and programs · 2023

Mission

Provide self-insurance funds to exempt organization.

Activities or mission (Part I)

Provide self-insurance funds through investment activities.

  • The exclusive function of the trust is to provide for self-insurance risks arising from the operation of RUSH University Medical Center, an exempt organization.

    Expenses $79,890,533 · Revenue $52,174,955

As filed on the 2023 return.

Listed in Part VII

  • The Northern Trust

    Trustee

    Total calculated
    $84,057
    From this org
    $84,057
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349303318

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