FIRST MEDICAL INSURANCE COMPANY (RRG)

Address
C/O MARSH MANAGEMENT SERVICES INC
BURLINGTON, VT 05401
Contact
Phone: +1 (802) 864-5599
Nonprofit
NTEE: E80 - Health, General and Financing
EIN: 01-0719207

Mission

THE ORGANIZATION PROVIDES INSURANCE FOR THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND CERTAIN AFFILIATED TAX-EXEMPT ORGANIZATIONS.
 20162015201420132012
Basic features of the organization
Year of formation2002
Subsection code03
PF filing required0    
Metropolitan statistical area1303
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00 00
Number of highly compensated contractors8555 
Personnel
Calhoun, Lynn
TitleDIRECTOR & SECRETARYDIRECTOR & SECRETARYDIRECTOR & SECRETARYDIRECTOR & SECRETARYDIRECTOR & SECRETARY
Name of key/compensated personLYNN CALHOUNLYNN CALHOUNLYNN CALHOUNLYNN CALHOUNLYNN CALHOUN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$17,630.00$13,443.00$13,446.00$7,766.00$780.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $269,338.00$257,278.00$239,599.00$231,885.00$221,117.00
Average hours per week working for related orgs39.039.039.039.039.0
Corbo, Michael
TitleTREASURER    
Name of key/compensated personMICHAEL CORBO    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Breakdown of reportable comp
Base reportable compensation from org$0.00    
Bonus and incentive reportable compensation$0.00    
Other reportable compensation from org$0.00    
Retirement and other deferred compensation$0.00    
Nontaxable benefits from org$0.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$17,078.00    
Sum of all compensation from org$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $345,694.00    
Average hours per week working for related orgs42.0    
Precourt, Edward
TitleDIRECTOR & ASSISTANT TREASURERDIRECTOR & ASSISTANT TREASURERDIRECTOR & ASSISTANT TREASURERDIRECTOR & ASSISTANT TREASURERDIRECTOR & ASSISTANT TREASURER
Name of key/compensated personEDWARD F PRECOURTEDWARD F PRECOURTEDWARD F PRECOURTEDWARD F PRECOURTEDWARD F PRECOURT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.00.00.0
Todorow, Thomas
TitleDIRECTOR & PRESIDENTDIRECTOR,PRESIDENT & TREASURERDIRECTOR,PRESIDENT & TREASURERDIRECTOR,PRESIDENT & TREASURERDIRECTOR,PRESIDENT & TREASURER
Name of key/compensated personTHOMAS J TODOROWTHOMAS J TODOROWTHOMAS J TODOROWTHOMAS J TODOROWTHOMAS J TODOROW
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.01.01.01.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$246,263.00$33,604.00$33,496.00$32,857.00$9,020.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $1,515,234.00$1,849,487.00$1,270,829.00$1,135,698.00$1,711,036.00
Average hours per week working for related orgs44.042.042.043.039.0
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORGANIZATION PROVIDES INSURANCE FOR THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND CERTAIN AFFILIATED TAX -EXEMPT ORGANIZATIONS.THE ORGANIZATION PROVIDES INSURANCE FOR THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND CERTAIN AFFILIATED TAX -EXEMPT ORGANIZATIONS.the organization provides insurance for the children's hospital of philadelphia and certain affiliated tax -exempt organizations.the organization provides insurance for the children's hospital of philadelphia and certain affiliated tax-exempt organizations.the organization provides insurance for the children's hospital of philadelphia and certain affiliated tax-exempt organizations.
Program service expenses, total$11,114,941.00$6,560,135.00$6,022,910.00$7,120,414.00$5,504,444.00
Programs, including revenue & expenses
INSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX-EXEMPT ENTITIES.
Program expenses$11,114,941.00$6,560,135.00$6,022,910.00$7,120,414.00$5,504,444.00
Program revenue$10,244,432.00$10,159,508.00$10,510,510.00$10,890,359.00$11,693,476.00
Program descriptionINSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX-EXEMPT ENTITIES.INSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX-EXEMPT ENTITIES.INSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX-EXEMPT ENTITIES.INSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX-EXEMPT ENTITIES.INSURANCE FOR CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS TAX EXEMPT ENTITIES
Financial data
Revenue
Total revenue$14,624,814.00$13,568,493.00$16,244,973.00$16,014,594.00$18,844,870.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$4,380,382.00$3,408,985.00$5,734,463.00$5,124,235.00$7,151,394.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$10,244,432.00$10,159,508.00$10,510,510.00$10,890,359.00$11,693,476.00
Gross receipts$71,249,055.00$48,813,833.00$86,301,543.00$69,356,541.00$81,844,834.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$2,446,981.00$2,619,717.00$2,758,079.00$2,779,967.00$3,403,058.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$11,502,987.00$6,925,186.00$6,435,651.00$7,507,826.00$5,885,682.00
Total functional expenses: program service $11,114,941.00$6,560,135.00$6,022,910.00$0.00$5,504,444.00
Total functional expenses: management and general$388,046.00$365,051.00$412,741.00$387,412.00$381,238.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$13,864.00$1,096.00$2,537.00$4,145.00$4,943.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$91,000.00$89,000.00$87,250.00$85,750.00$84,375.00
Investment management fees (total)$195,181.00$200,380.00$216,187.00$221,241.00$227,163.00
Assets and liabilities
Total assets$97,164,855.00$106,862,148.00$101,935,720.00$120,918,146.00$110,536,071.00
Total assets, beginning of year$106,862,148.00$101,935,720.00$120,918,146.00$110,536,071.00$113,182,074.00
Total liabilities$46,996,493.00$43,372,387.00$42,107,221.00$64,390,578.00$45,878,817.00
Total liabilities, beginning of year$43,372,387.00$42,107,221.00$64,390,578.00$45,878,817.00$47,559,876.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Net assets$50,168,362.00$63,489,761.00$59,828,499.00$56,527,568.00$64,657,254.00
Net assets, beginning of year$63,489,761.00$59,828,499.00$56,527,568.00$64,657,254.00$65,622,198.00
Other liabilities$46,807,691.00$43,203,110.00$41,935,246.00$64,255,545.00$45,692,148.00
Bond liabilities$0.00$0.00$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$799,366.00$0.00$0.00
Investments: other securities$54,731,662.00$61,713,432.00$55,370,199.00$60,912,935.00$60,281,761.00
Investments: publicly traded securities$38,983,904.00$41,430,290.00$32,989,331.00$52,804,577.00$36,389,884.00
Cash: non-interest bearing$3,284,661.00$3,533,718.00$12,588,432.00$7,032,591.00$13,721,653.00
Cash: non-interest bearing, beginning of year$3,533,718.00$12,588,432.00$7,032,591.00$13,721,653.00$3,716,914.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Escrow or custodial account liability$0.00$0.00$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$3,121,827.00$6,643,307.00$9,809,322.00$8,506,768.00$12,959,188.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$0.00$0.00$0.00$0.00$0.00
Accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Prepaid expenses & deferred charges$164,628.00$184,708.00$188,392.00$168,043.00$142,773.00
Accounts payable & accrued expenses$188,802.00$169,277.00$171,975.00$135,033.00$186,669.00
Deferred revenue$0.00$0.00$0.00$0.00$0.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00$0.00$0.00
Secured mortgages and notes payable$0.00$0.00$0.00$0.00$0.00
Total net assets or fund balances$50,168,362.00$63,489,761.00$59,828,499.00$56,527,568.00$64,657,254.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members43333
Number of independent voting members11111
Financial sheets auditedTrueTrueTrueTrueTrue
Audited on both consolidated and separate basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-102017-03-022016-01-202014-12-292013-12-20
IRS schema version2016v3.12015v2.12014v5.02013v3.12012v2.1
Filing identifier201713189349304816201603169349303705201513179349308316201403209349300760201303189349305185
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