BURLINGTON, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TCIG INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $616K, a strong 54% operating margin.
THE ORGANIZATION WAS FORMED AS AN ONSHORE CAPTIVE INSURANCE COMPANY TO INSURE THE RISKS OF THE CARMELITE SYSTEM.
TCIG, INC. EXISTS FOR THE PURPOSE OF ENGAGING IN THE BUSINESS OF INSURING AND REINSURING VARIOUS TYPES OF RISK SOLELY IN SUPPORT OF THE CARMELITE SYSTEM, INC. (THE "SYSTEM"), INCLUDING RISKS OF THE...
TCIG, INC. EXISTS FOR THE PURPOSE OF ENGAGING IN THE BUSINESS OF INSURING AND REINSURING VARIOUS TYPES OF RISK SOLELY IN SUPPORT OF THE CARMELITE SYSTEM, INC. (THE "SYSTEM"), INCLUDING RISKS OF THE SYSTEM AFFILIATES. TCIG, INC. SUPPORTS THE SYSTEM IN CONDUCTING ITS SYSTEMWIDE FINANCIAL AND RISK MANAGEMENT OVERSIGHT ACTIVITIES - SPECIFICALLY, BY INSURING AND REINSURING VARIOUS TYPES OF RISK OTHERWISE SELF-INSURED BY THE SYSTEM OR THE SYSTEM AFFILIATES.THE SYSTEM IS A NOT-FOR-PROFIT HEALTH SYSTEM THAT IS COMMITTED TO PERPETUATING AND STRENGTHENING THE CATHOLIC LONG-TERM HEALTH MINISTRY, RESPECTING AND BUILDING UPON THE MISSION, PHILOSOPHY AND VALUES OF THE CARMELITE SISTERS. CURRENTLY, THERE ARE 17 AFFILIATES OF THE SYSTEM THAT OPERATE SKILLED NURSING, ASSISTED LIVING, AND INDEPENDENT LIVING FACILITIES IN THE STATES OF FLORIDA, MASSACHUSETTS, OHIO, NEW YORK, ILLINOIS, IOWA, AND KENTUCKY.
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 | $1,137,128 | $1,148,655 | 0.0% |
| Expenses | $521,228 | $138,916 | +2.8% |
| Net Income | $615,900 | $1,009,739 | -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 |
|---|---|---|---|---|---|---|
| PATRICIA GATHERS | DIRECTOR/PRESIDENT | 1.00 |
Officer
Director
|
$0 | $48,935 | $761,648 |
| KAREN REICH | DIRECTOR, TREASURER AND SECRETARY (BEG JULY 2023) | 1.00 |
Officer
Director
|
$0 | $47,870 | $631,541 |
| REBECCA HALE | VT RESIDENT DIRECTOR, ASSISTANT SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MOTHER MARY ROSE HEERY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEAH KILLIAN-SMITH | DIRECTOR, TREASURER AND SECRETARY(UNTIL JULY 2023) | 1.00 |
Officer
Director
|
$0 | $6,105 | $163,112 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,137,128 | $521,228 | $3,599,371 | $615,900 |
| 2022 | $1,148,655 | $138,916 | $2,958,345 | $1,009,739 |
| 2021 | $606,473 | $50,345 | $1,389,261 | $556,128 |
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