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Nonprofit · EIN 27-0057453

CRUDEN BAY RISK RETENTION GROUP INC

Tax-exempt · BURLINGTON, VT 05401

Financials

$6.2M$6.4M2023$6.6M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of CRUDEN BAY RISK RETENTION GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,565,471$1,248,728$5,316,743$20,054,847$13,822,213$6,232,634
December 31, 2023990$6,178,150$6,363,676-$185,526$18,330,052$16,387,285$1,942,767
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,634,500
Investment income
$1,930,971
Net gain from sales of assets
$1,319,477
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$797,366
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$10,500
Accounting fees
$42,100
Program services (functional)
$1,069,430
Management and general (functional)
$179,298

Balance sheet and other

Total assets, start of year
$18,330,052
Total assets, end of year
$20,054,847
Total liabilities, end of year
$13,822,213
Net assets, end of year
$6,232,634
Publicly traded securities
$16,852,812
Net assets without donor restrictions
$6,232,634
Gross receipts
$10,262,734
Employees
0
Volunteers
0
Year formed
2003
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR MICHAEL ERHARDDIRECTOR (TO AUG '24)
Trustee or director
2$0$1,607,723$119,385
RODNEY MCKENDREEPRESIDENT AND TREASURER
Trustee or director, Officer
1$0$1,406,775$194,185
LAURA KOWALDIRECTOR (TO AUG '24)
Trustee or director
2$0$792,211$109,543
WILLIAM W HIGGINBOTHAM IIASSISTANT TREASURER
Officer
3$0$552,507$97,924
ROBERT D BRIDGESTREASURER AND DIRECTOR (TO AUG '23)
Former
0$0$413,612$0
RYAN GADAPEESECRETARY AND DIRECTOR
Trustee or director, Officer
2$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT D BRIDGESTREASURER AND DIRECTOR (TO AUG '23)
Trustee or director, Officer
0$0$1,617,233$65,893
RODNEY MCKENDREEPRESIDENT AND TREASURER
Trustee or director, Officer
1$0$1,248,488$180,251
DR MICHAEL ERHARDDIRECTOR (FROM AUG '23)
Trustee or director
2$0$1,005,928$159,561
LAURA KOWALDIRECTOR (FROM AUG '23)
Trustee or director
2$0$603,012$88,826
WILLIAM W HIGGINBOTHAM IIASSISTANT TREASURER
Officer
3$0$520,224$96,529
JOHN LORDPRESIDENT AND DIRECTOR (TO AUG '23)
Trustee or director, Officer
2$0$153,931$0
RYAN GADAPEESECRETARY AND DIRECTOR (FROM AUG '23)
Trustee or director, Officer
2$0$0$0
JEFFREY P JOHNSONSECRETARY AND DIRECTOR (TO (AUG '23)
Trustee or director, Officer
2$0$0$0

Address and contacts

Address (IRS master file)
126 COLLEGE ST STE 300, BURLINGTON, VT 05401-8456
Principal officer (990 for 2024)
RODNEY MCKENDREE, 126 COLLEGE STREET 300, BURLINGTON, VT 05401
Signed the 990
WILLIAM W HIGGINBOTHAM II, ASSISTANT TREASURER
Phone
(802) 371-2212
Return prepared by
JOHNSON LAMBERT LLP

Mission

CRUDEN BAY PROVIDES MEDICAL PROFESSIONAL LIABILITY COVERAGE AND DIRECTORS AND OFFICERS LIABILITY COVERAGE.

990 for the year ended December 31, 2024

Program accomplishments

  • CRUDEN BAY WAS FORMED TO SUPPORT THE NEMOURS FOUNDATION BY PROVIDING MEDICAL PROFESSIONAL LIABILITY INSURANCE TO NEMOURS PHYSICIANS AND SURGEONS IN FLORIDA, PENNSYLVANIA, AND NEW JERSEY. CRUDEN BAY ALSO PROVIDES MEDICAL PROFESSIONAL LIABILITY INSURANCE FOR CERTIFIED REGISTERED NURSE PRACTITIONERS IN PENNSYLVANIA AND DIRECTORS AND OFFICERS LIABILITY COVERAGE TO MEMBERS OF THE ASSOCIATION EXECUTIVE COUNCIL.
    Expenses $1,069,430 · revenue $4,634,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-0057453
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
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$20,054,847
Income (IRS master file)
$10,262,734

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,565,471$1,248,728$20,054,847XML
990December 2023$6,178,150$6,363,676$18,330,052XML
990December 2022$6,149,537$4,986,207$16,643,132IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 27-0057453).

Questions about CRUDEN BAY RISK RETENTION GROUP INC

What is the EIN of CRUDEN BAY RISK RETENTION GROUP INC?
The employer identification number (EIN) of CRUDEN BAY RISK RETENTION GROUP INC is 27-0057453.
Is CRUDEN BAY RISK RETENTION GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to CRUDEN BAY RISK RETENTION GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CRUDEN BAY RISK RETENTION GROUP INC 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 CRUDEN BAY RISK RETENTION GROUP INC 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 CRUDEN BAY RISK RETENTION GROUP INC 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 CRUDEN BAY RISK RETENTION GROUP INC?
The 990 for the year ended December 31, 2024 names RODNEY MCKENDREE.
Who are the officers and directors of CRUDEN BAY RISK RETENTION GROUP INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does CRUDEN BAY RISK RETENTION GROUP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,565,471, expenses of $1,248,728 and total assets of $20,054,847 at year end.

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