Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, founded in 1969, is a small nonprofit that reported $315K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. Expenses of $619K exceeded revenue, resulting in a 97% operating deficit.
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Vermont state statute, Section 3611 of the Act.
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 | $314,630 | $130,480 | +1.4% |
| Expenses | $619,252 | $656,906 | -0.1% |
| Net Income | $-304,622 | $-526,426 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| William J Cahill Chair | representing Vermont Mutual Insurance Co | 1 |
Director
|
$0 | $0 | $0 |
| Jennifer A Morrison Vice Chair | representing Amica Mutual Insurance Co | 1 |
Director
|
$0 | $0 | $0 |
| Haris Berenson Board Member | representing The Hanover Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies | 1 |
Director
|
$0 | $0 | $0 |
| Samantha Freedman Board Member | representing Government Employees Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Sarah Jarvis Board Member | representing Union Mutual Fire Insurance Co | 1 |
Director
|
$0 | $0 | $0 |
| Dave McPherson Board Member | representing MMG Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Michael P Nolin Jr Board Member | representing Concord General Mutual Ins Co | 1 |
Director
|
$0 | $0 | $0 |
| Joseph Torti Board Member | representing United States Fire Insurance Co | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $314,630 | $619,252 | $30,653,437 | $-304,622 |
| 2022 | $130,480 | $656,906 | $30,958,059 | $-526,426 |
| 2021 | $1,173,822 | $626,207 | $31,484,485 | $547,615 |
| 2020 | $1,288,251 | $1,141,140 | $30,936,870 | $147,111 |
Compare VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Massachusetts and across the country.