Promedica Indemnity Insurance Corporation
463 Mountain View Dr Ste 400, Colchester, VT · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $29,942,171 | $16,654,904 | $42,693,457 |
| FY2023 | $45,835,586 | $40,122,249 | $29,406,190 |
| FY2022 | $17,723,166 | $15,608,460 | $33,692,853 |
| FY2021 | $28,459,378 | $29,503,943 | $44,414,565 |
| FY2020 | $14,950,379 | $14,689,387 | $44,243,140 |
| FY2019 | $15,236,859 | $10,026,308 | $36,619,220 |
| FY2018 | $11,309,567 | $5,492,328 | $37,335,415 |
| FY2017 | $19,323,905 | $8,081,692 | $40,804,422 |
| FY2016 | $12,083,000 | $8,332,616 | $59,778,894 |
| FY2015 | $14,703,180 | $1,743,852 | $75,347,555 |
| FY2014 | $15,706,888 | $4,827,623 | $91,310,896 |
| FY2013 | $22,097,560 | $1,770,533 | $93,553,139 |
| FY2012 | $18,293,687 | $1,580,897 | $73,706,022 |
| FY2011 | $17,695,629 | $6,490,961 | $51,653,111 |
Form 990 filings
The returns filed by Promedica Indemnity Insurance Corporation (EIN 34-1931936), 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 | $20,824,191 | 70% |
| Other revenue | $9,117,980 | 30% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $15,178,617 | 91% |
| Management & general | $1,476,287 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 70% of total revenue in FY2024.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2024. That is higher than 94.1% of 34 Health Care organizations in VT.
- Net assets covered about 30.8 months of expenses at the end of the reporting year. That puts it in the 83rd percentile among 119 Health Care organizations in VT.
- Total revenue was higher than 84% of 125 Health Care organizations in VT.
- Total revenue rose from $17,695,629 in FY2011 to $29,942,171 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2021).
- The highest revenue on record here is $45,835,586 in FY2023.
- Net assets declined from $51,653,111 to $42,693,457 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
PROMEDICA INDEMNITY CORPORATION PROVIDES MEDICAL PROFESSIONAL AND GENERAL LIABILITY INSURANCE COVERAGE EXCLUSIVELY FOR PROMEDICA HEALTH SYSTEM, INC. AND ITS SUBSIDIARIES.
IRS status
| Ruling year | 2001 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E99 — Health Care (in VT) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- Onecare Vermont Accountable Care Organization LLC — Burlington, VT · $21,542,460
- Community Health Centers of Burlington Inc — Burlington, VT · $40,780,930
- Community Health Centers of the Rutland Region Inc — Rutland, VT · $64,312,546
- Health Care and Rehabilitation Services of Southeastern Vermont I — Springfield, VT · $70,942,779
- Springfield Hospital Inc — Springfield, VT · $72,243,430
- Windsor Hospital Corporation — Windsor, VT · $76,975,029
- Gifford Medical Center Inc — Randolph, VT · $86,130,283
- North Country Hospital & Health Center,Inc — Newport, VT · $114,371,642
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.