Burlington, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hamden Assurance Risk Retention Group Inc, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $990K in total revenue in fiscal year 2023. Expenses of $911K left a modest 8% surplus.
TO BENEFIT, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE CHARITABLE CLASS OF BENEFICIARIES, THROUGH THE PROVISION OF SELF-INSURANCE COVERAGE AND OTHER SERVICES THAT RISK RETENTION GROUPS ARE PERMITTED TO PROVIDE UNDER THE APPLICABLE FEDERAL AND STATE LAW; TO ACQUIRE, ESTABLISH, RETAIN AND MAINTAIN A FUND OR FUNDS TO BE HELD, INVESTED AND USED EXCLUSIVELY FOR THE FOREGOING PURPOSES.
HAMDEN ASSURANCE RISK RETENTION GROUP, INC. (HAMDEN) WAS INCORPORATED ON FEBRUARY 28, 2007 UNDER THE LAWS OF THE STATE OF VERMONT BY ITS CLASS A MEMBERS: DARTMOUTH-HITCHCOCK MEDICAL CENTER...
HAMDEN ASSURANCE RISK RETENTION GROUP, INC. (HAMDEN) WAS INCORPORATED ON FEBRUARY 28, 2007 UNDER THE LAWS OF THE STATE OF VERMONT BY ITS CLASS A MEMBERS: DARTMOUTH-HITCHCOCK MEDICAL CENTER, DARTMOUTH-HITCHCOCK CLINIC, MARY HITCHCOCK MEMORIAL HOSPITAL, AND THE TRUSTEES OF DARTMOUTH COLLEGE. COMMENCING OPERATIONS ON OCTOBER 1, 2007, HAMDEN WRITES MEDICAL, PROFESSIONAL, AND GENERAL LIABILITY COVERAGE FOR ITS MEMBERS (INSUREDS) WHICH ARE ALSO THE OWNERS. INSURANCE COVERAGE IS PROVIDED THROUGH A PRIMARY AND AN EXCESS POLICY. THE EXCESS (UMBRELLA) POLICY ALSO INCLUDES COVERAGE FOR UNDERLYING AUTO, EMPLOYMENT PRACTICES AND AVIATION POLICIES. LIMITED D&O AND EPL COVERAGE FOR MEMBERS IS ALSO UNDERWRITTEN BY HAMDEN.
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 | $990,212 | $963,318 | +0.0% |
| Expenses | $911,023 | $950,249 | 0.0% |
| Net Income | $79,189 | $13,069 | +5.1% |
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 |
|---|---|---|---|---|---|---|
| N/A | Board Vice President | 1.0 |
Officer
Director
|
$0 | $22,576 | $618,654 |
| N/A | VICE PRESIDENT | 1.0 |
Officer
Director
|
$0 | $66,965 | $1,172,612 |
| N/A | BOARD PRESIDENT | 1.0 |
Officer
Director
|
$0 | $50,874 | $982,066 |
| N/A | BOARD SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $55,362 |
| N/A | BOARD CHAIRMAN | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | BOARD ASSISTANT SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | TREASURER | 1.0 |
Officer
Director
|
$0 | $47,649 | $490,861 |
| N/A | BOARD DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | FORMER BOARD VICE PRESIDENT | 1.0 |
|
$0 | $7,471 | $113,878 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $990,212 | $911,023 | $109,891,808 | $79,189 |
| 2022 | $963,318 | $950,249 | $87,935,637 | $13,069 |
| 2021 | $951,070 | $775,053 | $76,466,314 | $176,017 |
| 2020 | $734,522 | $675,753 | $76,237,478 | $58,769 |
| 2019 | $653,883 | $652,075 | $91,867,891 | $1,808 |
| 2018 | $566,413 | $526,343 | $64,239,179 | $40,070 |
Compare Hamden Assurance Risk Retention Group Inc with other nonprofits in Vermont and across the country.