Vmc Indemnity Company
Vmc Indemnity Company reported $12.5 million in revenue and $12.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $95.52 went to program services, $4.48 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 126.0% of the total. The highest compensation it reported for one person was $2,235,745 (DIRECTOR & CHAIR). Revenue rose 1% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $13MInvestment income was negative: −$3.3M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 126.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,235,745 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 18.05% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 82.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 3 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseVmc Indemnity Company inc. ("vmcic") provides essential insurance coverage exclusively to the university of vermont health network ("uvmhn"), a section 501(c)(3) organization, and its controlled tax-exempt affiliates, all pursuant to the vermont captive insurance company statute (8 v.s.a. Sections 6001-6003). Vmcic facilitates self insurance of professional liability and general liability risks for organizations and employed professionals within uvmhn and provides stop loss coverage for claims exceeding the uvmhn self-insured employee benefit plan
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR & CHAIR Director/trustee, officer, 1.00 hrs/week | $0 | $2,009,470 | $226,275 | $2,235,745 |
| DIRECTOR & VICE PRESIDENT Director/trustee, officer, 1.00 hrs/week | $0 | $999,561 | $74,346 | $1,073,907 |
| DIRECTOR & TREASURER Director/trustee, officer, 1.00 hrs/week | $0 | $973,150 | $76,502 | $1,049,652 |
| SECRETARY Officer, 1.00 hrs/week | $0 | $710,113 | $107,875 | $817,988 |
| DIRECTOR (TIL 9/2025) Director/trustee, 1.00 hrs/week | $0 | $650,982 | $100,184 | $751,166 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $525,284 | $53,254 | $578,538 |
| DIRECTOR (AS OF 3/2025) Director/trustee, 1.00 hrs/week | $0 | $505,062 | $56,216 | $561,278 |
| DIRECTOR (AS OF 3/2025) Director/trustee, 1.00 hrs/week | $0 | $482,507 | $36,247 | $518,754 |
0 people received more than $100,000 in reportable compensation from Vmc Indemnity Company (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Vmc Indemnity Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Vmc Indemnity Company, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Vmc Indemnity Company spent in FY2025, $95.52 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Vmc Indemnity Company's spending goes to programs?
In the fiscal year ending September 30, 2025, Vmc Indemnity Company reported that 95.5% of its $12.4 million in expenses went to program services, 4.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Vmc Indemnity Company pay its top executive?
The largest total compensation Vmc Indemnity Company reported for one person in the fiscal year ending September 30, 2025 was $2,235,745, for the role of DIRECTOR & CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Vmc Indemnity Company get its money?
Of $12.5 million in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 126.0% from program service revenue (Form 990, Part VIII).
Is Vmc Indemnity Company a registered charity?
The IRS lists EIN 83-1102018 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632259349300108 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522269349300917 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202432279349301678 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342269349300249 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232249349300348 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102289349300440 · read the filing
All filings for EIN 83-1102018: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.