Overview
What is Vmc Indemnity Company Inc?
Is Vmc Indemnity Company Inc legitimate?
Vmc Indemnity Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmc Indemnity Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vmc Indemnity Company Inc?
This mission statement is temporarily unavailable
What is the revenue of Vmc Indemnity Company Inc?
Vmc Indemnity Company Inc's revenue in 2023 was $19,684,453.
Who are the executives of Vmc Indemnity Company Inc and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $1,787,177
- Other: $68,822
- Compensation: $0
- Related: $286,769
- Other: $17,826
- Compensation: $0
- Related: $430,020
- Other: $0
- Compensation: $0
- Related: $837,011
- Other: $67,056
- Compensation: $0
- Related: $356,638
- Other: $48,721
- Compensation: $0
- Related: $812,391
- Other: $60,841
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $524,507
- Other: $88,509
- Compensation: $0
- Related: $454,135
- Other: $13,831
- Compensation: $0
- Related: $534,863
- Other: $72,719
- Compensation: $0
- Related: $623,771
- Other: $86,537
- Compensation: $0
- Related: $192,948
- Other: $30,874
- Compensation: $0
- Related: $152,159
- Other: $46,620
Where can I find the form 990 for Vmc Indemnity Company Inc?
Vmc Indemnity Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
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Impact
October, 2024
VMC Indemnity Company Inc. plays a crucial role in mitigating financial risk for the University of Vermont Health Network (UVMHN) and its affiliated entities. By providing specialized self-insurance for professional and general liability risks, VMCIC ensures that UVMHN can operate efficiently without the burden of excessive insurance costs. This arrangement facilitates a more sustainable financial model for healthcare operations, allowing resources to be directed toward patient care and community services rather than on traditional insurance premiums.
Additionally, VMCIC's stop loss coverage provides an essential safety net for claims that exceed the thresholds of self-insured employee benefits, further protecting the financial integrity of UVMHN. In essence, VMC Indemnity Company Inc. enhances the stability and resilience of the healthcare network, promoting a safer environment for both employees and the patients they serve. Its strategic role in self-insurance highlights the significance of tailored risk management solutions in the healthcare sector, ultimately contributing to the mission of delivering quality care.
This information is meant to be a general summary of Vmc Indemnity Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,068,047
- Program Service Revenue: $15,804,377
- Gross Receipts: $75,547,606
Assets and Liabilities:
- Total Assets: $85,135,196
- Total Liabilities: $41,835,539
- Net Assets: $43,299,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERWRITING REVENUE (PREMIUMS)
Revenue
$15,804,377
Organization Details
Founding Year
2018
Principal Officer
Sunil Eappen
NTEE Category
Code: B19 - Education
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