First Medical Insurance Compant A Risk Retention Group
463 Mountain View Dr Ste 301, Colchester, VT · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $26,542,371 | $21,158,206 | $36,033,682 |
| FY2023 | $21,164,705 | $12,649,099 | $36,562,283 |
| FY2022 | $18,702,381 | $14,078,595 | $26,360,816 |
| FY2021 | $15,354,853 | $14,722,958 | $39,802,322 |
| FY2020 | $20,919,271 | $12,440,751 | $39,170,427 |
| FY2019 | $16,348,817 | $8,555,230 | $49,352,907 |
| FY2018 | $15,871,406 | $10,504,169 | $35,353,003 |
| FY2017 | $14,491,583 | $11,219,740 | $56,678,514 |
| FY2016 | $14,624,814 | $11,502,987 | $50,168,362 |
| FY2015 | $13,568,493 | $6,925,186 | $63,489,761 |
| FY2014 | $16,244,973 | $6,435,651 | $59,828,499 |
| FY2013 | $16,014,594 | $7,507,826 | $56,527,568 |
| FY2012 | $18,844,870 | $5,885,682 | $64,657,254 |
| FY2011 | $18,315,345 | $5,288,560 | $65,622,198 |
Form 990 filings
The returns filed by First Medical Insurance Compant A Risk Retention Group (EIN 01-0719207), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $15,902,254 | 60% |
| Other revenue | $10,640,117 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $20,674,573 | 98% |
| Management & general | $483,633 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 60% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 39.1% of 110 Mutual & Membership Benefit organizations nationwide (too few in VT for a state comparison).
- Net assets covered about 20.4 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 4275 Mutual & Membership Benefit organizations nationwide (too few in VT for a state comparison).
- Total revenue was higher than 95% of 4348 Mutual & Membership Benefit organizations nationwide (too few in VT for a state comparison).
- Total revenue rose from $18,315,345 in FY2011 to $26,542,371 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets declined from $65,622,198 to $36,033,682 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ORGANIZATION PROVIDES INSURANCE FOR THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND CERTAIN AFFILIATED TAX -EXEMPT ORGANIZATIONS.
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | Y200 — Mutual & Membership Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- College Insurance Company — Colchester, VT · $36,291,433
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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