VMC INDEMNITY COMPANY INC (EIN 831102018) - 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

2018

Legal Domicile

Principal Officer

SUNIL EAPPEN

Phone

8028601958

Tax Period

2023-10-01 to 2024-09-30

VMC INDEMNITY COMPANY INC, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $20.2M in total revenue in fiscal year 2023. The organization ran a surplus of $10.9M, a strong 54% operating margin.

Mission

SELF-INSURANCE OF PROFESSIONAL LIABILITY AND GENERAL LIABILITY RISKS EXCLUSIVE FOR UVMHN INC., ITS TAX-EXEMPT SUBSIDIARIES, AND THEIR EMPLOYED INDIVIDUALS.

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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 $16,708,897

Investment Income $3,489,754

Other Revenue $0

TOTAL REVENUE $20,198,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,747,794

Other Expenses $9,281,435

TOTAL EXPENSES $9,281,435

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,198,651	$19,684,453	+0.0%
Expenses	$9,281,435	$10,819,686	-0.1%
Net Income	$10,917,216	$8,864,767	+0.2%

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

$5,131,263

Total Directors

$6,363,544

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SUNIL EAPPEN	DIRECTOR & CHAIR	1.00	Officer Director	$0	$198,581	$2,147,061
DR HOWARD M SCHAPIRO	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$0	$331,461
DR STEPHEN M LEFFLER	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$71,334	$891,965
DR LISA MARK	DIRECTOR	1.00	Director	$0	$50,609	$513,105
HOLLY BERTEAU	DIRECTOR	1.00	Director	$0	$432	$6,604
RICHARD VINCENT	DIRECTOR & TREASURER	1.00	Officer Director	$0	$64,609	$847,689
DR PAUL DANIELSON	DIRECTOR (TIL 9/2024)	1.00	Director	$0	$0	$0
CHRISTOPHER DUTTON	DIRECTOR (TIL 9/2024)	1.00	Director	$0	$0	$0
ANNA T NOONAN	DIRECTOR (TIL 9/2024)	1.00	Director	$0	$109,957	$664,019
DR WOUTER RIETSEMA	DIRECTOR (TIL 12/2023)	1.00	Director	$0	$14,095	$357,415
DR JASON SANDERS	DIRECTOR	1.00	Director	$0	$95,550	$604,225
ERIC MILLER ESQ	SECRETARY	1.00	Officer	$0	$95,622	$671,113
ERIKA SMART	ASSISTANT SECRETARY	1.00	Officer	$0	$49,236	$241,974

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	$20,198,651	$9,281,435	$128,260,925	$10,917,216
2023	$19,684,453	$10,819,686	$99,453,989	$8,864,767
2022	$10,264,099	$7,145,003	$85,135,196	$3,119,096
2021	$14,545,433	$7,253,762	$100,648,707	$7,291,671
2020	$12,381,006	$7,969,931	$95,254,157	$4,411,075

VMC INDEMNITY COMPANY INC