ROCKVILLE CENTRE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
RVC INSURANCE COMPANY INC. IS A MEMBER OF CATHOLIC HEALTH. WE, AT CATHOLIC HEALTH, 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. I-CARE VALUES INTEGRITY: WE ARE WHO WE SAY WE ARE AND ACT IN ACCORDANCE WITH THE SPLENDOR OF TRUTH OF OUR CATHOLIC MORAL TEACHING AND OUR CATHOLIC VALUES. COMPASSION: WE HAVE COMPASSION FOR OUR PATIENTS, SEE THE SUFFERING CHRIST IN THEM, STRIVE TO ALLEVIATE SUFFERING AND SERVE THE SPIRITUAL, PHYSICAL AND EMOTIONAL NEEDS OF OUR PATIENTS. ACCOUNTABILITY: WE TAKE RESPONSIBILITY FOR OUR ACTIONS AND THEIR CONSEQUENCES. RESPECT: WE HONOR THE SANCTITY OF LIFE AT EVERY STAGE OF LIFE AND THE DIGNITY OF EVERY PERSON, AND INCORPORATE ALL THE PRINCIPLES OF CATHOLIC SOCIAL TEACHING IN OUR RELATIONSHIPS AND ADVOCACY. EXCELLENCE: WE SEEK THE GLORY OF GOD IN THE COMPASSIONATE SERVICE OF OUR PATIENTS, AND WE STRIVE TO DO THE BEST THAT CAN BE DONE, WHATEVER OUR ROLE.
RVC PROVIDES EXCESS PROFESSIONAL LIABILITY, GENERAL LIABILITY (INCLUDING TERRORISM COVERAGE), AND EMPLOYERS LIABILITY INSURANCE COVERAGE SOLELY TO CERTAIN CATHOLIC HEALTH (CH) ENTITIES. BEGINNING...
RVC PROVIDES EXCESS PROFESSIONAL LIABILITY, GENERAL LIABILITY (INCLUDING TERRORISM COVERAGE), AND EMPLOYERS LIABILITY INSURANCE COVERAGE SOLELY TO CERTAIN CATHOLIC HEALTH (CH) ENTITIES. BEGINNING NOVEMBER 1, 2013, RVC PROVIDES PRIMARY COVERAGE TO CERTAIN CH ENTITIES FOR GENERAL LIABILITY, DIRECTORS AND OFFICERS LIABILITY AND EMPLOYMENT PRACTICES LIABILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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