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Causes: Community Health Systems, Health
Mission: Support 501(c)(3)hospital
Programs: The hospital authority of floyd county self insurance trust (trust) was created to support the hospital authority of floyd county, georgia (authority), a political subdivision and exempt organization. This organization provides funding to satisfy malpractice and comprehensive general patient claims against the authority and floyd healthcare management inc. Dba floyd medical center. Beginning in november 1991, the authority's operations were managed by floyd healthcare management, inc. ("fhmi"), a tax-exempt not-for- description of exempt purpose achievement continued on schedule o. Profit corporation as determined by section 501(c)(3) of the internal revenue code. On january 1, 1998, pursuant to the lease, transfer, and reversion agreement between the authority and fhmi (lease), the authority leased its operations and substantially all of its net assets to fhmi. Concurrent with management agreement and continuing under the lease, the trust supports fhmi as well as the authority. Termination: the organization reached a mutual termination agreement on july 9, 2013 between fhmi and reliance trust company. However, the organization was not fully dissolved until august 4, 2014 when the remaining certificates of deposit matured and funds were transferred in full to fhmi in accordance with the organization's tax exempt purpose.
This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.