RVC II INSURANCE COMPANY INC

EIN: 921136144 501(c)(3)

ROCKVILLE CENTRE, NY

Total Revenue
$2,009,397
Total Expenses
$681,062
Total Assets
$2,439,427
Net Assets
$1,879,629
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VT
Principal Officer
PATRICK O'SHAUGHNESSY
Phone
5167053700
Tax Period
2023-01-01 to 2023-12-31

RVC II INSURANCE COMPANY INC, founded in 2022, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 66% operating margin.

Mission

RVC II INSURANCE COMPANY INC., A MEMBER OF CATHOLIC HEALTH (CH), AS A MINISTRY OF THE CATHOLIC CHURCH, CONTINUES CHRIST'S HEALING MISSION, PROMOTES EXCELLENCE IN CARE, AND COMMITS ITSELF TO THOSE IN NEED. CH AFFIRMS THE SANCTITY OF LIFE, AND ADVOCATES FOR THE POOR AND UNDERSERVED, AND SERVES THE COMMON GOOD. IT CONDUCTS ITS HEALTHCARE PRACTICE, BUSINESS, EDUCATION AND INNOVATION WITH JUSTICE, INTEGRITY AND RESPECT FOR THE DIGNITY OF EACH PERSON.

Program Service Accomplishments

Program 1
Expenses: $681,062 Revenue: $2,009,397

RVC II INSURANCE PROVIDES EXCESS MEDICAL STOP LOSS COVERAGE SOLELY TO CERTAIN CATHOLIC HEALTH (CH) ENTITIES, WHICH COVERS $850,000 TO $2,000,000 PER CLAIM LAYER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,009,397
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,009,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $681,062
Other Expenses $681,062
TOTAL EXPENSES $681,062

Year-over-Year Comparison

2023 2022 Change
Revenue $2,009,397 N/A N/A
Expenses $681,062 $23,706 +27.7%
Net Income $1,328,335 $-23,706 -57.0%
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
2
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
$7,051,845
Total Directors
5
$7,051,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK O'SHAUGHNESSY DIRECTOR 50.0
Officer Director
$0 $1,470,892 $4,648,566
PATRICK MINICUS CFO 50.0
Officer Director
$0 $708,505 $1,928,665
LESLI GIGLIO SECETARY 2.0
Officer Director
$0 $40,717 $474,614
BRIAN MCGUIRE PRESIDENT 2.0
Officer Director
$0 $0 $0
KIMBERLY WHITCOMB VT DIRECTOR 2.0
Officer Director
$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
2024 No data No data No data No data
2023 $2,009,397 $681,062 $2,439,427 $1,328,335
2022 No data $23,706 $250,000 No data
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