VC MEDICAL ENDOWMENT TRUST

EIN: 476343397 501(c)(3) Philanthropy & Grantmaking

SIOUX FALLS, SD

Total Revenue
$1,113,544
Total Expenses
$801,473
Total Assets
$20,230,334
Net Assets
$4,283,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SD
Principal Officer
JOHN G ROCOVICH JR
Phone
5407748800
Tax Period
2024-07-01 to 2025-06-30

VC MEDICAL ENDOWMENT TRUST, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $312K, a strong 28% operating margin.

Mission

THE EXCLUSIVE PURPOSES OF THIS TRUST ARE EDUCATIONAL AND CHARITABLE. THE TRUST IS FORMED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO SUPPORT THE EXEMPT PURPOSES OF ITS BENEFICIARY, EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE ("VCOM"). THIS INCLUDES PROVIDING DISTRIBUTIONS FOR VCOM'S EXEMPT PURPOSES TO INCLUDE THE FOLLOWING: RESEARCH, STUDENT SCHOLARSHIPS, OPERATING EXPENSES, AND NON-RECURRING CAPITAL EXPENDITURES SUCH AS EQUIPMENT, FURNITURE, FIXTURES, AND LEASEHOLD IMPROVEMENTS APPROVED BY THE GOVERNING BODY OF VCOM, AND THE LEASING, ACQUISITION, MAINTENANCE AND IMPROVEMENT OF REAL ESTATE USED BY VCOM. IN ADDITION, THE TRUST MAY ASSIST VCOM IN RAISING FUNDS THROUGH DONATIONS FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO MAIL SOLICITATIONS, E-MAIL SOLICITATIONS, PHONE SOLICITATIONS, PERSONAL SOLICITATIONS, FOUNDATION GRANT SOLICITATIONS, AND GOVERNMENT GRANT SOLICITATIONS. SUCH SOLICITATION ACTIVITIES WOULD BE CARRIED OUT BY THE TRUSTEES IN A VARIETY OF JURISDICTIONS, INCLUDING BUT NOT LIMITED TO VIRGINIA, SOUTH CAROLINA, ALABAMA, AND LOUISIANA ON A YEAR-ROUND BASIS. THESE ACTIVITIES WILL FURTHER THE TRUST'S EXEMPT PURPOSE, WHICH IS TO SUPPORT VCOM, A PUBLIC CHARITY.

Program Service Accomplishments

Program 1
Expenses: $801,473

IN ACCORDANCE WITH ITS EXEMPT MISSION, THE TRUST RECEIVES ANDHOLDS FUNDS ON BEHALF OF VCOM. THESE FUNDS ARE THEN INVESTED INTOVARIOUS PORTFOLIOS THAT GENERATE DIVIDEND AND INTEREST REVENUE.THE TRUST...

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IN ACCORDANCE WITH ITS EXEMPT MISSION, THE TRUST RECEIVES ANDHOLDS FUNDS ON BEHALF OF VCOM. THESE FUNDS ARE THEN INVESTED INTOVARIOUS PORTFOLIOS THAT GENERATE DIVIDEND AND INTEREST REVENUE.THE TRUST THEN MAKES DISTRIBUTIONS TO ITS BENEFICIARY, VCOM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,113,544
Other Revenue $0
TOTAL REVENUE $1,113,544

Expense Breakdown

Grants Paid $641,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $801,473
Other Expenses $160,473
TOTAL EXPENSES $801,473

Year-over-Year Comparison

2024 2023 Change
Revenue $1,113,544 $628,770 +0.8%
Expenses $801,473 $759,070 +0.1%
Net Income $312,071 $-130,300 -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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN G ROCOVICH JR CHAIRMAN, TRUSTEE, TREAS. 1.00
Officer Director
$0 $0 $0
ELIZABETH R CLINE TRUSTEE, ASST. SECRETARY 1.00
Officer Director
$0 $0 $0
FREDERICK P STRATTON JR TRUSTEE 1.00
Director
$0 $0 $0
DAVID G HOTTMANN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
DENNIS BARBOUR OFFICER, ASST. SECRETARY 1.00
Officer
$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
2025 $1,113,544 $801,473 $20,230,334 $312,071
2024 $628,770 $759,070 $19,122,451 $-130,300
2023 $110,599 $1,270,426 $17,687,405 $-1,159,827
2022 $1,476,836 $1,606,343 $16,574,486 $-129,507
2021 $1,462,074 $787,473 $20,351,769 $674,601
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