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Nonprofit · EIN 23-1984582

PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION

Also known as LIABILITY JUA

Tax-exempt · BLUE BELL, PA 19422

Financials

$18.4M$8.5M2023$20.5M$14.6M2024
Revenue Expenses · by fiscal year end
Financials of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,476,592$14,560,969$5,915,623$381,022,558$33,137,938$347,884,620
December 31, 2023990$18,390,707$8,534,438$9,856,269$371,082,260$29,113,263$341,968,997
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,093,803
Investment income
$13,382,789
Net gain from sales of assets
-$1,713,212
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$12,136,177
Other salaries and wages
$528,313
Salaries, compensation and benefits (total)
$646,221
Professional fundraising fees
$0
Legal fees
$206,301
Occupancy
$76,935
Travel
$15,509
Program services (functional)
$12,577,909
Management and general (functional)
$1,983,060

Balance sheet and other

Total assets, start of year
$371,082,260
Total assets, end of year
$381,022,558
Total liabilities, end of year
$33,137,938
Net assets, end of year
$347,884,620
Publicly traded securities
$370,231,161
Gross receipts
$127,721,808
Employees
4
Year formed
1976
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SUSAN M SERSHAPRESIDENT
Key employee
–$297,073$58,946
NANCY MC KITTRICKCLAIMS MANAG
Highest-paid employee
–$165,653$47,096
LAWRENCE COCHRANDIRECTOR
Trustee or director
1$0$0
JEFFREY J DAVISTREASURER
Trustee or director, Officer
–$0$0
JAMES G NEALON IIITRUSTEE
Trustee or director
–$0$0
JOHN KEENANDIRECTOR
Trustee or director
–$0$0
MARTIN TRICHTINGER MDDIRECTOR
Trustee or director
–$0$0
JOHN S OLKOWSKIDIRECTOR
Trustee or director
–$0$0
CHESTER SZCZEPANSKIDIRECTOR
Trustee or director
–$0$0
ADAM PARSONS ESQSECRETARY
Officer
–$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
SUSAN M SERSHAPRESIDENT
Officer
40$286,305$31,538
NANCY MC KITTRICKCLAIMS MANAG
Highest-paid employee
40$166,796$23,005
JEFFREY J DAVISTREASURER
Trustee or director, Officer
–$0$0
JAMES G NEALON IIITRUSTEE
Trustee or director
–$0$0
JOHN KENANDIRECTOR
Trustee or director
–$0$0
MARTIN TRICHTINGER MDDIRECTOR
Trustee or director
–$0$0
JOHN S OLKOWSKIDIRECTOR
Trustee or director
–$0$0
CHESTER SZCZEPANSKIDIRECTOR
Trustee or director
–$0$0
CHERYL TAMASITISDIRECTOR
Trustee or director
–$0$0
ADAM PARSONS ESQSECRETARY
Officer
–$0$0

Address and contacts

Address (IRS master file)
1777 SENTRY PKWY W STE 300, BLUE BELL, PA 19422-2211
Principal officer (990 for 2024)
SUSAN M SERSHA, 1650 LIMEKILN PIKE SUITE B19, DRESHER, PA 19025
Signed the 990
SUSAN M SERSHA, PRESIDENT
Phone
(610) 828-8890
Return prepared by
BLUMENTHAL & PALMER PC

Mission

TO OFFER MEDICAL PROFESSIONAL LIABILITY INSURANCE IN ACCORDANCE WITH SECTION 732, SUBSECTION C, OF THE MEDICAL CARE AVAILABILITY AND REDUCTION OF ERROR ACT ("THE ACT").

990 for the year ended December 31, 2024

Program accomplishments

  • INSURANCE DIRECT AND INDIRECT UNDERWRITING COSTS
  • PROGRAM SERVICE EXPENSE.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-1984582
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$381,022,558
Income (IRS master file)
$127,721,808

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,476,592$14,560,969$381,022,558XML
990December 2023$18,390,707$8,534,438$371,082,260XML
990December 2022$18,081,244$11,906,834$361,111,233IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1984582).

Questions about PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION

What is the EIN of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION?
The employer identification number (EIN) of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION is 23-1984582.
Is PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
Are donations to PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION?
The 990 for the year ended December 31, 2024 names SUSAN M SERSHA.
Who are the officers and directors of PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $297,073 (SUSAN M SERSHA, PRESIDENT).
How much revenue does PENNSYLVANIA PROFESSIONAL LIABILITY JOINT UNDERWRITING ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,476,592, expenses of $14,560,969 and total assets of $381,022,558 at year end.

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