BURLINGTON, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALBEDO INSURANCE COMPANY IC, founded in 2020, is a mid-sized nonprofit that reported $72.7M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35.1M, a strong 48% operating margin.
ALBEDO INSURANCE COMPANY, IC (ALBEDO) IS A PUBLIC BENEFIT CORPORATION AND INCORPORATED PROTECTED CELL OF A SPONSORED CAPTIVE INSURANCE COMPANY ORGANIZED IN ACCORDANCE WITH THE VERMONT NONPROFIT CORPORATION ACT AND CHAPTER 141 OF TITLE 8 OF THE VERMONT STATUTES ANNOTATED. ALBEDO IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 509(A)(3) TO PROVIDE SERVICES AND RESOURCES FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC) AND USC'S TAX-EXEMPT AFFILIATES, SO LONG AS USC AND SUCH AFFILIATES ARE DESCRIBED IN PARAGRAPHS (1) OR (2) OF SECTION 509(A). SPECIFICALLY, ALBEDO'S SOLE PLANNED ACTIVITY IS TO FACILITATE SELF-INSURANCE WITH RESPECT TO CERTAIN CASUALTY EXPOSURES OF USC AND USC'S TAX EXEMPT AFFILIATES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $72,738,443 | $55,575,759 | +0.3% |
| Expenses | $37,603,298 | $43,004,484 | -0.1% |
| Net Income | $35,135,145 | $12,571,275 | +1.8% |
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 |
|---|---|---|---|---|---|---|
| STEVEN D SHAPIRO MD | DIRECTOR | 2.0 |
Director
|
$0 | $370,964 | $3,285,046 |
| ROD HANNERS | DIRECTOR | 2.0 |
Director
|
$0 | $146,246 | $2,498,697 |
| BEONG-SOO KIM | DIRECTOR | 2.0 |
Director
|
$0 | $254,549 | $1,592,344 |
| ERIK BRINK | DIRECTOR | 2.0 |
Director
|
$0 | $252,727 | $1,513,880 |
| CASANDRA PORTER | TREASURER (AS OF 4/28/25)/DIR. | 2.0 |
Officer
Director
|
$0 | $161,532 | $690,330 |
| CAROLYN DOMEN-BROSHEARS | SECRETARY | 2.0 |
Officer
|
$0 | $117,076 | $588,159 |
| CAROLINE WILHELM | TREASURER (UNTIL 04/28/2025) | 2.0 |
Officer
|
$0 | $137,891 | $521,639 |
| JASON BENNETT | PRESIDENT/DIRECTOR | 20.0 |
Officer
Director
|
$0 | $70,234 | $514,517 |
| WAJEEHA SHAKEEL | FIN/DATA ANALYTICS MANAGER | 25.0 |
Highest
|
$0 | $52,189 | $206,269 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $72,738,443 | $37,603,298 | $220,904,785 | $35,135,145 |
| 2024 | No data | No data | No data | No data |
| 2023 | $42,865,562 | $33,068,659 | $99,308,663 | $9,796,903 |
| 2022 | $48,020,181 | $33,991,526 | $61,785,106 | $14,028,655 |
| 2021 | $14,670,004 | $7,947,936 | $18,663,246 | $6,722,068 |
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