Nonprofit · EIN 34-1931936
PROMEDICA INDEMNITY INSURANCE CORPORATION
Tax-exempt · COLCHESTER, VT 05446
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $29,942,171 | $16,654,904 | $13,287,267 | $173,565,325 | $130,871,868 | $42,693,457 |
| December 31, 2023 | 990 | $45,835,586 | $40,122,249 | $5,713,337 | $156,104,094 | $126,697,904 | $29,406,190 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,824,191
- Investment income
- $9,117,980
- Net gain from sales of assets
- $5,614,218
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,750
- Travel
- $1,017
- Program services (functional)
- $15,178,617
- Management and general (functional)
- $1,476,287
Balance sheet and other
- Total assets, start of year
- $156,104,094
- Total assets, end of year
- $173,565,325
- Total liabilities, end of year
- $130,871,868
- Net assets, end of year
- $42,693,457
- Publicly traded securities
- $99,103,668
- Net assets without donor restrictions
- $42,693,457
- Gross receipts
- $95,433,409
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2001
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ARTURO POLIZZI | TRUSTEE/CEO Trustee or director, Officer | 1 | $0 | $3,119,320 | $14,012 |
| STEPHEN SADOWSKI | PRESIDENT/SECRETARY/CHIEF LEGAL OFFICER Officer | 1 | $0 | $1,180,376 | $6,038 |
| SCOTT FOUGHT | TREASURER/VP - ACUTE CARE Officer | 1 | $0 | $486,760 | $7,144 |
| BOB LACLAIR | TRUSTEE Trustee or director | 1 | $0 | $42,500 | $0 |
| ELAINE CANNING | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAN FARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BOB GAGLIARDI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LARRY PETERSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THOMAS WINSTON | TRUSTEE - PART YEAR Trustee or director | 1 | $0 | $0 | $0 |
| BENJAMIN GOULD | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ARTURO POLIZZI | PRESIDENT AND CEO Officer | 1 | $0 | $2,121,593 | $5,857 |
| STEVE SADOWSKI | TRUSTEE/CHIEF LEGAL OFFICER Trustee or director, Officer | 1 | $0 | $1,407,180 | $6,028 |
| STEVEN M CAVANAUGH | TREASURER, CFO - FORMER Former | 0 | $0 | $1,335,180 | $5,657 |
| TERRENCE METZGER | TRUSTEE/TREASURER Trustee or director, Officer | 1 | $0 | $1,055,090 | $4,079 |
| JEFFREY C KUHN | SECRETARY, CHIEF LEGAL OFFICER - FORMER Former | 0 | $0 | $748,426 | $30,922 |
| GARY AKENBERGER | SR VP FINANCE - FORMER Former | 0 | $0 | $528,647 | $43,532 |
| SCOTT FOUGHT | TREASURER Trustee or director, Officer | 1 | $0 | $561,900 | $7,106 |
| ROBERT LACLAIR | TRUSTEE Trustee or director | 1 | $0 | $30,000 | $0 |
| LARRY PETERSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BENJAMIN GOULD | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHANIE MAPES | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELAINE CANNING | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAN FARRELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BOB GAGLIARDI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS WINSTON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS ROBICHAUX | TREASURER - PART YEAR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 463 MOUNTAIN VIEW DR STE 400, COLCHESTER, VT 05446-5918
- Principal officer (990 for 2024)
- TERRENCE METZGER, 100 MADISON AVE, TOLEDO, OH 43604
- Signed the 990
- TERRENCE METZGER, CFO
- Phone
- (419) 252-5772
- Website
- WWW.PROMEDICA.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
PROMEDICA INDEMNITY CORPORATION WILL PROVIDE MEDICAL PROFESSIONAL AND GENERAL LIABILITY INSURANCE COVERAGE EXCLUSIVELY FOR PROMEDICA HEALTH SYSTEM, INC. AND ITS SUBSIDIARIES.
Program accomplishments
- PROVIDE MEDICAL PROFESSIONAL AND GENERAL LIABILITY INSURANCE COVERAGE EXCLUSIVELY FOR PROMEDICA HEALTH SYSTEM, INC. AND ITS SUBSIDIARIES.Expenses $15,178,617 · revenue $20,824,191
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1931936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $173,565,325
- Income (IRS master file)
- $95,433,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $29,942,171 | $16,654,904 | $173,565,325 | XML |
| 990 | December 2023 | $45,835,586 | $40,122,249 | $156,104,094 | XML |
| 990 | December 2022 | $17,723,166 | $15,608,460 | $107,100,873 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1931936).
Questions about PROMEDICA INDEMNITY INSURANCE CORPORATION
- What is the EIN of PROMEDICA INDEMNITY INSURANCE CORPORATION?
- The employer identification number (EIN) of PROMEDICA INDEMNITY INSURANCE CORPORATION is 34-1931936.
- Is PROMEDICA INDEMNITY INSURANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to PROMEDICA INDEMNITY INSURANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PROMEDICA INDEMNITY INSURANCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROMEDICA INDEMNITY INSURANCE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROMEDICA INDEMNITY INSURANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROMEDICA INDEMNITY INSURANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names TERRENCE METZGER.
- Who are the officers and directors of PROMEDICA INDEMNITY INSURANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does PROMEDICA INDEMNITY INSURANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $29,942,171, expenses of $16,654,904 and total assets of $173,565,325 at year end.
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