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

WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.

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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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