RVC INSURANCE COMPANY INC (EIN 208067039) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

PATRICK O'SHAUGHNESSY DO

Phone

5167053700

Tax Period

2023-01-01 to 2023-12-31

RVC INSURANCE COMPANY INC, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $30.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $51.9M exceeded revenue, resulting in a 69% operating deficit.

Mission

WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,569,747

Investment Income $4,185,205

Other Revenue $0

TOTAL REVENUE $30,754,952

Expense Breakdown

Grants Paid $30,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,948,828

Other Expenses $21,948,828

TOTAL EXPENSES $51,948,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,754,952	$25,848,334	+0.2%
Expenses	$51,948,828	$17,106,802	+2.0%
Net Income	$-21,193,876	$8,741,532	-3.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$7,051,845

Total Directors

$7,051,845

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'SHAUGHNESSY DO	DIRECTOR	50.0	Officer Director	$0	$1,470,892	$4,648,566
PATRICK MINICUS	TREASURER	50.0	Officer Director	$0	$708,505	$1,928,665
LESLI GIGLIO	SECRETARY	2.0	Officer Director	$0	$40,717	$474,614
BRIAN MCGUIRE	PRESIDENT	2.0	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$30,754,952	$51,948,828	$367,983,508	$-21,193,876
2022	$25,848,334	$17,106,802	$324,172,253	$8,741,532
2021	$29,353,576	$13,485,644	$295,933,062	$15,867,932
2020	$30,299,577	$26,332,083	$232,882,192	$3,967,494

RVC INSURANCE COMPANY INC