First Medical Insurance Company (Rrg)

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010719207 ✦ Colchester, VT ✦ Designated as a 501(c)(3)

Overview

What is First Medical Insurance Company (Rrg)?

First Medical Insurance Company (Rrg) is a nonprofit organization situated in Colchester, Vermont. Its primary role involves providing insurance coverage for the Children's Hospital of Philadelphia and affiliated tax-exempt organizations. Through this commitment, the organization supports the essential healthcare services offered by these entities, ensuring they can continue their mission to help and heal children.


Is First Medical Insurance Company (Rrg) legitimate?

First Medical Insurance Company (Rrg) is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Medical Insurance Company (Rrg) submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of First Medical Insurance Company (Rrg)?
Who is the CEO of First Medical Insurance Company (Rrg)?
What is the revenue of First Medical Insurance Company (Rrg)?
Who are the executives of First Medical Insurance Company (Rrg) and what are their salaries?
Where can I find the form 990 for First Medical Insurance Company (Rrg)?

Mission Statement of First Medical Insurance Company (Rrg)

First Medical Insurance Company (Rrg) is a dedicated organization that extends its support by providing insurance coverage to the Children's Hospital of Philadelphia and certain affiliated tax-exempt entities. In essence, it ensures the financial security of these institutions, enabling them to continue their vital work in the healthcare sector. By offering insurance protection, the organization plays a pivotal role in safeguarding the financial stability of the Children's Hospital of Philadelphia and its associated tax-exempt entities. This partnership allows these organizations to focus on their primary missions, which include providing essential healthcare services and making a difference in people's lives. Through its insurance services, First Medical Insurance Company (Rrg) contributes significantly to the sustainability and success of the Children's Hospital of Philadelphia and its affiliated entities.

Impact

This information is meant to be a general summary of First Medical Insurance Company (Rrg). Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

First Medical Insurance Company (RRG) provides essential insurance coverage for the Children's Hospital of Philadelphia and its affiliated tax-exempt organizations. By offering tailored insurance solutions to these critical healthcare entities, the company plays a vital role in ensuring the financial stability and continuity of services at the Children's Hospital of Philadelphia. Through its insurance offerings, First Medical Insurance Company helps protect these organizations from unforeseen risks and liabilities, ultimately contributing to the sustainability of healthcare services for children in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,989,576
  • Program Service Revenue: $13,712,805
  • Gross Receipts: $42,033,677

    • Assets and Liabilities:
  • Total Assets: $92,427,299
  • Total Liabilities: $66,066,483
  • Net Assets: $26,360,816
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INSURANCE PREMIUM EARNED

    Revenue

    $13,712,805

    Organization Details

    Founding Year

    2002

    Principal Officer

    Michael Corbo

    Main Address

    463 Mountain View Dr STE 301, Colchester, VT, 05446

    NTEE Category

    Code: Y200 - Mutual benefit

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