First Medical Insurance Compant A Risk Retention Group
Only null% goes to programs Strong reserves Growing revenue
First Medical Insurance Compant A Risk Retention Group is a 501(c)(3) organization based in Colchester, Vermont, registered in 2004, with $26,542,371 in FY2024 revenue. CharityIndex grades it C+.
463 Mountain View Dr Ste 301, Colchester, VT, 05446 EIN 01-0719207 Since 2004
Revenue (FY2024)
$26.5M
▲ 25.4% vs prior year
Membership median: $185K
Expenses (FY2024)
$21.2M
Net assets
$36.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for First Medical Insurance Compant A Risk Retention Group— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For First Medical Insurance Compant A Risk Retention Group: 20 mo reserves · +20% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for First Medical Insurance Compant A Risk Retention Group— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For First Medical Insurance Compant A Risk Retention Group: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 463 Mountain View Dr Ste 301, Colchester, VT, 05446
- City
- Colchester
- State
- Vermont
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
Financial trends
Revenue grew from $16.0M (FY2013) to $26.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $74.5MNet assets $36.0M
Operating margin
20.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$110.5M
Total liabilities
$74.5M
Net assets
$36.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $26,542,371▲25.4% | $21,158,206▲67.3% | $36,033,682▼1.4% | $110,531,038▲4.1% | 990 |
| 2023 | $21,164,705▲13.2% | $12,649,099▼10.2% | $36,562,283▲38.7% | $106,140,016▲14.8% | 990 |
| 2022 | $18,702,381▲21.8% | $14,078,595▼4.4% | $26,360,816▼33.8% | $92,427,299▼9.5% | 990 |
| 2021 | $15,354,853▼26.6% | $14,722,958▲18.3% | $39,802,322▲1.6% | $102,134,145▲7.9% | 990 |
| 2020 | $20,919,271▲28.0% | $12,440,751▲45.4% | $39,170,427▼20.6% | $94,675,337▼4.0% | 990 |
| 2019 | $16,348,817▲3.0% | $8,555,230▼18.6% | $49,352,907▲39.6% | $98,620,862▲9.4% | 990 |
| 2018 | $15,871,406▲9.5% | $10,504,169▼6.4% | $35,353,003▼37.6% | $90,171,920▼20.9% | 990 |
| 2017 | $14,491,583▼0.9% | $11,219,740▼2.5% | $56,678,514▲13.0% | $114,057,097▲17.4% | 990 |
| 2016 | $14,624,814▲7.8% | $11,502,987▲66.1% | $50,168,362▼21.0% | $97,164,855▼9.1% | 990 |
| 2015 | $13,568,493▼16.5% | $6,925,186▲7.6% | $63,489,761▲6.1% | $106,862,148▲4.8% | 990 |
| 2014 | $16,244,973▲1.4% | $6,435,651▼14.3% | $59,828,499▲5.8% | $101,935,720▼15.7% | 990 |
| 2013 | $16,014,594 | $7,507,826▲27.6% | $56,527,568▼12.6% | $120,918,146▲9.4% | 990 |
| 2012 | — | $5,885,682▲11.3% | $64,657,254▼1.5% | $110,536,071▼2.3% | 990 |
| 2011 | — | $5,288,560▲8.7% | $65,622,198▲27.0% | $113,182,074▲10.7% | 990 |
| 2010 | — | $4,865,902 | $51,685,249 | $102,234,652 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare First Medical Insurance Compant A Risk Retention Group
Frequently asked questions
- Is First Medical Insurance Compant A Risk Retention Group a legitimate nonprofit?
- Yes. First Medical Insurance Compant A Risk Retention Group is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0719207, based in Colchester, Vermont. Donations are tax-deductible.
- What is First Medical Insurance Compant A Risk Retention Group's EIN?
- First Medical Insurance Compant A Risk Retention Group's Employer Identification Number (EIN) is 01-0719207.
- How much revenue does First Medical Insurance Compant A Risk Retention Group report?
- First Medical Insurance Compant A Risk Retention Group reported $26,542,371 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First Medical Insurance Compant A Risk Retention Group have?
- CharityIndex grades First Medical Insurance Compant A Risk Retention Group C+, based on financial health (reserves and operating margin).
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Data for First Medical Insurance Compant A Risk Retention Group (EIN 01-0719207) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.