First Medical Insurance Compant a Risk Retention Group

Colchester, Vermont

B+Health Score
70B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.89×
Peer Median10.70×
💰
$21.2M
Total Revenue
📊
$12.6M
Total Expenses
🏦
$36.6M
Net Assets
📋
$69.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+13.2%
Year-over-year change (2022 → 2023)
Net Margin
+40.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.89
Net assets divided by total expenses
Liabilities-to-Assets
65.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$21,164,70513%$12,649,09910%$106,140,01615%
2022$18,702,38122%$14,078,5954%$92,427,29910%
2021$15,354,85327%$14,722,95818%$102,134,1458%
2020$20,919,27128%$12,440,75145%$94,675,3374%
2019$16,348,8173%$8,555,23019%$98,620,8629%
2018$15,871,40610%$10,504,1696%$90,171,92021%
2017$14,491,5831%$11,219,7402%$114,057,09717%
2016$14,624,8148%$11,502,98766%$97,164,8559%
2015$13,568,49316%$6,925,1868%$106,862,1485%
2014$16,244,9731%$6,435,65114%$101,935,72016%
2013$16,014,59415%$7,507,82628%$120,918,1469%
2012$18,844,8703%$5,885,68211%$110,536,0712%
2011$18,315,345$5,288,560$113,182,074

Frequently Asked Questions

What does First Medical Insurance Compant a Risk Retention Group do?

First Medical Insurance Compant a Risk Retention Group is a mutual & membership benefit nonprofit organization based in Vermont. It is classified under NTEE code Y200 and is registered as a 501(c) tax-exempt organization with the IRS.

Is First Medical Insurance Compant a Risk Retention Group financially healthy?

Based on our 9-metric Financial Health Score model, First Medical Insurance Compant a Risk Retention Group has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does First Medical Insurance Compant a Risk Retention Group generate?

First Medical Insurance Compant a Risk Retention Group reports $26.5M in annual revenue and holds $110.5M in total assets, based on IRS filings.

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