Civic Intelligence

Five Pointe Professional Liability Insurance Company Co Wilmington Trust

EIN 20-4191006 • 501(c)3 • Wilmington, DE

Profile

See schedule o, form 990, part i, line 1 for description of mission statement.

1105 N Market Street 1300Wilmington, DE 19899

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.76x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

15th percentile

-8.1%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

89th percentile

$3,006,096

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-45%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$437,294,885

Up $44,244,673 (+11%) from 2023

Liabilities

Up

$333,789,476

Up $13,801,414 (+4.3%) from 2023

Net Assets

Up

$103,505,409

Up $30,443,259 (+42%) from 2023

Revenue

Down

$74,431,495

Down $60,935,049 (-45%) from 2023

Expenses

Down

$80,438,299

Down $58,514,732 (-42%) from 2023

Net Income

Down

-$6,006,804

Down $2,420,317 (-67%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $278,098,537Liabilities 2010: $233,645,581Net Assets 2010: $44,452,9562010Assets 2011: $260,649,112Liabilities 2011: $183,513,643Net Assets 2011: $77,135,4692011Assets 2012: $268,001,469Liabilities 2012: $185,088,190Net Assets 2012: $82,913,2792012Assets 2013: $271,170,397Liabilities 2013: $166,835,085Net Assets 2013: $104,335,3122013Assets 2014: $273,208,080Liabilities 2014: $158,809,774Net Assets 2014: $114,398,3062014Assets 2015: $253,870,261Liabilities 2015: $155,897,696Net Assets 2015: $97,972,5652015Assets 2016: $203,380,056Liabilities 2016: $138,603,396Net Assets 2016: $64,776,6602016Assets 2017: $204,832,536Liabilities 2017: $135,167,928Net Assets 2017: $69,664,6082017Assets 2018: $217,042,683Liabilities 2018: $148,324,746Net Assets 2018: $68,717,9372018Assets 2019: $219,953,751Liabilities 2019: $153,623,079Net Assets 2019: $66,330,6722019Assets 2020: $212,943,544Liabilities 2020: $154,823,018Net Assets 2020: $58,120,5262020Assets 2021: $241,906,004Liabilities 2021: $183,934,001Net Assets 2021: $57,972,0032021Assets 2022: $232,485,102Liabilities 2022: $219,525,670Net Assets 2022: $12,959,4322022Assets 2023: $393,050,212Liabilities 2023: $319,988,062Net Assets 2023: $73,062,1502023Assets 2024: $437,294,885Liabilities 2024: $333,789,476Net Assets 2024: $103,505,4092024

Highlighted filing

2024

Assets$437,294,885
Liabilities$333,789,476
Net Assets$103,505,409

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $70,192,9192010Revenue 2011: $59,790,247Expenses 2011: $35,654,620Net Income 2011: $24,135,6272011Expenses 2012: $32,161,2882012Expenses 2013: $26,044,7812013Revenue 2014: $66,978,169Expenses 2014: $28,522,537Net Income 2014: $38,455,6322014Revenue 2015: $63,964,899Expenses 2015: $29,050,214Net Income 2015: $34,914,6852015Revenue 2016: $67,747,798Expenses 2016: $12,603,027Net Income 2016: $55,144,7712016Revenue 2017: $37,986,817Expenses 2017: $19,517,853Net Income 2017: $18,468,9642017Revenue 2018: $39,397,947Expenses 2018: $16,283,921Net Income 2018: $23,114,0262018Revenue 2019: $38,509,637Expenses 2019: $25,237,588Net Income 2019: $13,272,0492019Revenue 2020: $42,434,830Expenses 2020: $30,232,201Net Income 2020: $12,202,6292020Revenue 2021: $45,761,537Expenses 2021: $46,277,350Net Income 2021: -$515,8132021Revenue 2022: $47,889,541Expenses 2022: $59,240,667Net Income 2022: -$11,351,1262022Revenue 2023: $135,366,544Expenses 2023: $138,953,031Net Income 2023: -$3,586,4872023Revenue 2024: $74,431,495Expenses 2024: $80,438,299Net Income 2024: -$6,006,8042024

Highlighted filing

2024

Revenue$74,431,495
Expenses$80,438,299
Net Income-$6,006,804

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$437$334$104$74.4$80.4$6.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$393$320$73.1$135$139$3.59
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$232$220$13.0$47.9$59.2$11.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$242$184$58.0$45.8$46.3$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$213$155$58.1$42.4$30.2$12.2
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$220$154$66.3$38.5$25.2$13.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$217$148$68.7$39.4$16.3$23.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$205$135$69.7$38.0$19.5$18.5
2016Detailed filing. Detailed filing data is available for this year.$203$139$64.8$67.7$12.6$55.1
2015Detailed filing. Detailed filing data is available for this year.$254$156$98.0$64.0$29.1$34.9
2014Detailed filing. Detailed filing data is available for this year.$273$159$114$67.0$28.5$38.5
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$271$167$104$26.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$268$185$82.9$32.2
2011Summary only. Only limited summary data is available for this year.$261$184$77.1$59.8$35.7$24.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$278$234$44.5$70.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$153,404,079
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$339,950,357$387,447,752▲ $47,497,395
Pd in Cap Srpls Land Bldg Eqp Fund$65,418,605$83,104,644▲ $17,686,039
Rtn Earn Endowment Incm Other Fnds$7,643,545$20,400,765▲ $12,757,220
Cash and Non-Interest-Bearing Accounts$1,121,855$1,182,170▲ $60,315
Prepaid Expenses and Deferred Charges$0$26,963▲ $26,963
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$393,050,212$437,294,885▲ $44,244,673
Other Assets Total$51,978,000$48,638,000▼ $3,340,000
Liabilities
Other Liabilities$319,874,975$333,696,976▲ $13,822,001
Accounts Payable and Accrued Expenses$113,087$92,500▼ $20,587
Total Liabilities$319,988,062$333,789,476▲ $13,801,414
Net Assets / Fund Balance
Total Net Assets Fund Balance$73,062,150$103,505,409▲ $30,443,259
Total Liabilities and Net Assets / Fund Balance$393,050,212$437,294,885▲ $44,244,673

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$48,638,000--
Other Securities$27,709,794--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Leigh R EhrlichDirector (beginning 1/1/24) / CFO MLH$66,905$66,905

Board Members and Trustees

NameTitle
Michael J BuongiornoChairman / CFO MLH
Dianne P SalterDirector / Five Pointe President
John J Lynch IiiDirector / President & CEO MLH
Alfred C SalvatoDirector (beginning 1/1/24) / CIO TJU
Kirk E GormanDIRECTOR (Through 12/31/23)
Michael B WalshDirector (Through 7/31/23) / Sr VP Finance JH
Edmund D PribitkinDirector / Chief Physician Executive JH
Lisa RamthunDirector / VP Risk JH
Courtney DohertyAssistant Secretary
Brian T CorbettSecretary / General Counsel MLH
John MordachTreasurer / CFO JH

Highest Paid Contractors

ContractorServicesLocationCompensation
Russell Investment GroupInvestment Services909 A STREET, Tacoma, WA 98402$1,013,867
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$65,923,316
Investment Income
$8,508,179
Other Revenue
$0
Change in Net Assets
$-6,006,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$73,419,236
Revenue Not Reported on Financial Statements
$1,012,259
Revenue Not Reported on Form 990
$18,764,024
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$92,183,260
Total Revenue per Form 990
$74,431,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,438,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$1,012,259-$1,012,259
Fees for Services Other$142,500$0$0$142,500
Fees for Services Management$72,845$24,281-$97,126
Fees for Services Accounting-$70,955-$70,955
Fees for Services Legal-$60,000-$60,000
Other Expenses$21,948--$21,948
Total Functional Expenses$79,270,804$1,167,495$0$80,438,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$80,438,299
Expenses per Audited Statements$79,426,040
Total Expenses per Audited Statements$79,426,040
Expenses Not Reported on Financial Statements$1,012,259
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$24,385,074

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$22,456,240
North America (Canada & Mexico only)Investments-00$1,928,834
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unpaid Losses & Loss Adjustment Expenses$333,094,915
Losses Payable$602,061
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 15B Compensation of the organization'S other officers or key employees

There are no employees compensated by the reporting entity. The process for determining the compensation for the following individuals' compensation is disclosed on the thomas jefferson university (ein:23-1352651) form 990: edmund d. Pribitkin, alfred c. Salvato, lisa ramthun, and john p. Mordach. The process for determining the compensation for the following individuals' compensation is disclosed on the main line hospitals, inc. (ein:23-1352160) form 990: john j. Lynch iii, michael j. Buongiorno, brian t. Corbett, and leigh r. Ehrlich.

Form 990, Part VI, Line 15A Compensation of the President

The evaluation and determination of the appropriateness of the president's compensation is made by the chief financial officer of main line health, in consultation with the chief executive officer of main line health, and in connection with the annual approved budget for company members.

Form 990, Part VI, Line 3 Delegation of management duties

THE ORGANIZATION CONTRACTS WITH MARSH MANAGEMENT SERVICES, INC. TO RECEIVE SPECIALIZED INSURANCE ACCOUNTING AND MANAGEMENT SERVICES. Courtney Doherty, ASSISTANT SECRETARY OF THE ORGANIZATION, IS A SENIOR VICE PRESIDENT AND IS COMPENSATED BY MARSH MANAGEMENT SERVICES.

Form 990, Part VI, Line 6 Classes of members or stockholders

The members are main line hospitals, inc., riddle memorial hospital, thomas jefferson university hospitals, inc., and magee rehabilitation hospital. Members / owners have membership agreements and have an ownership in the organization based on their relative quantity of membership units owned. Voting is based on membership units.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Board vacancies are filled by majority vote and board removals are by majority vote of membership units.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The return is reviewed by the Audit and Finance Committee at one of its meetings. Subsequently, the Board reviews the Form 990 prior to its filing.

Form 990, Part VI, Line 12C Conflict of interest policy

The company regularly and consistently monitors and enforces compliance with the Conflict of Interest policy. Persons covered under the Conflict of Interest policy are the board members and officers of Five Pointe Professional Liability Insurance Company. Any conflict of interest situation must be disclosed to the board of directors of the organization and reviewed by the board to determine if a conflict does exist. If it is determined that a Conflict of Interest does exist, the individual will be required to refrain from participating in any discussion or action concerning such conflicted situation.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Five Pointe Professional Liability Insurance Company co Wilmington Trust
EIN
20-4191006
Phone
8028645599
Address
1105 N Market Street 1300, Wilmington, DE 19899

Signing Officer

Name
Diane Salter
Title
President
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
De
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Crowe Llp
Address
401 East Las Olas Blvd Suite 1100, Fort Lauderdale, FL 33301-4230
Preparer
Brittney Kocaj
Phone
9542028600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Capital Funding - 17686039;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes". FASB ASC 740 is an asset and liability method, which requires the recognition of deferred tax assets and liabilities. The Company, under certain provisions of FASB ASC 740, accounts for how uncertain tax positions should be recognized, measured, presented and disclosed within their financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company did not record any unrecognized tax benefits as of June 30, 2024 and 2023. The Company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next twelve months. The Company's policy is to include interest and penalties related to unrecognized tax benefits as a component of its provision for income taxes. As of June 30, 2024 and 2023, the Company did not record any penalties or interest associated with unrecognized tax benefits. Tax years from 2022 forward are open and subject to examination by the IRS.

Raw XML AppendixShowing 400 of 2,056 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director / Five Pointe President
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman / CFO MLH
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director / Chief Physician Executive JH
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director / President & CEO MLH
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (Through 12/31/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (beginning 1/1/24) / CFO MLH
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director / VP Risk JH
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director (Through 7/31/23) / Sr VP Finance JH
IRS990/Form990PartVIISectionAGrp/TitleTxt11Assistant Secretary
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IRS990/MissionDesc0THE 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.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0All of the organization's supported organizations are listed by name in the organization's governing documents except for the following: Kennedy University Hospital, Inc. (EIN 22-1773439): In April 2018, Kennedy Health System, Inc. merged with Thomas Jefferson University (TJU) which controls Thomas Jefferson University Hospitals, Inc.. ALBERT EINSTEIN HEALTHCARE NETWORK (AEHN) (EIN 23-2290323) and ALBERT EINSTEIN MEDICAL CENTER (AEMC) (EIN 23-1396794): On October 4, 2021, Jefferson Health, a subsidiary of Thomas Jefferson University (TJU) which controls Thomas Jefferson University Hospitals, Inc., and AEHN completed a merger of the two health systems, whereby Jefferson Health became the sole member of AEHN. Kennedy University Hospital, Inc., AEHN, and AEMC are supported organizations designed by a common class and purpose in that they are under common control by Thomas Jefferson University (TJU).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALBERT EINSTEIN HEALTHCARE NETWORK (AEHN) HAS AN IRS DETERMINATION OF STATUS UNDER SECTION 509(A)(3), AS IT SUPPORTS ALBERT EINSTEIN MEDICAL CENTER (AEMC), A PUBLICLY SUPPORTED ORGANIZATION, AND OTHER PUBLICLY SUPPORTED HEALTHCARE DELIVERY ORGANIZATIONS. AEHN'S ACTIVITIES INCLUDE THE PROMOTION OF HEALTH, HEALTH CARE DELIVERY, HEALTH EDUCATION, AND HEALTH SYSTEM PLANNING. THE ADDITION OF AEHN AS A SUPPORTED ORGANIZATION IS CONSISTENT WITH FIVE POINT'S EXEMPT PURPOSE, WHICH IS TO OPERATE PRIMARILY TO SUPPORT ITS MEMBER HOSPITALS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(III).
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2)
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2MAIN LINE HOSPITALS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3THOMAS JEFFERSON UNIVERSITY HOSPITALS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4Kennedy University Hospital Inc
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