Nonprofit · EIN 83-1102018
VMC INDEMNITY COMPANY INC
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $12,522,006 | $12,385,759 | $136,247 | $143,009,008 | $57,861,752 | $85,147,256 |
| September 30, 2024 | 990 | $20,198,651 | $9,281,435 | $10,917,216 | $128,260,925 | $54,875,423 | $73,385,502 |
| September 30, 2023 | 990 | $19,684,453 | $10,819,686 | $8,864,767 | $99,453,989 | $47,097,908 | $52,356,081 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,776,186
- Investment income
- -$3,254,180
- Net gain from sales of assets
- -$7,377,443
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $13,914
- Accounting fees
- $168,922
- Program services (functional)
- $11,830,331
- Management and general (functional)
- $555,428
Balance sheet and other
- Total assets, start of year
- $128,260,925
- Total assets, end of year
- $143,009,008
- Total liabilities, end of year
- $57,861,752
- Net assets, end of year
- $85,147,256
- Publicly traded securities
- $123,944,314
- Net assets without donor restrictions
- $85,147,256
- Gross receipts
- $114,852,925
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR SUNIL EAPPEN | DIRECTOR & CHAIR Trustee or director, Officer | 1 | $0 | $2,009,470 | $226,275 |
| DR STEPHEN M LEFFLER | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $999,561 | $74,346 |
| RICHARD VINCENT | DIRECTOR & TREASURER Trustee or director, Officer | 1 | $0 | $973,150 | $76,502 |
| ERIC MILLER ESQ | SECRETARY Officer | 1 | $0 | $710,113 | $107,875 |
| DR JASON SANDERS | DIRECTOR (TIL 9/2025) Trustee or director | 1 | $0 | $650,982 | $100,184 |
| DR LISA MARK | DIRECTOR Trustee or director | 1 | $0 | $525,284 | $53,254 |
| DR MARK BISANZO | DIRECTOR (AS OF 3/2025) Trustee or director | 1 | $0 | $505,062 | $56,216 |
| DR HEATHER HERRINGTON | DIRECTOR (AS OF 3/2025) Trustee or director | 1 | $0 | $482,507 | $36,247 |
| DR LAUREN MACAFEE | DIRECTOR (AS OF 3/2025) Trustee or director | 1 | $0 | $357,811 | $59,965 |
| ERIKA SMART | ASSISTANT SECRETARY Officer | 1 | $0 | $249,926 | $49,614 |
| DR HOWARD M SCHAPIRO | DIRECTOR & PRESIDENT Trustee or director, Officer | 1 | $0 | $8,170 | $0 |
| HOLLY BERTEAU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS LITTLE | DIRECTOR (AS OF 3/2025) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR SUNIL EAPPEN | DIRECTOR & CHAIR Trustee or director, Officer | 1 | $0 | $1,948,480 | $198,581 |
| DR STEPHEN M LEFFLER | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $820,631 | $71,334 |
| RICHARD VINCENT | DIRECTOR & TREASURER Trustee or director, Officer | 1 | $0 | $783,080 | $64,609 |
| ERIC MILLER ESQ | SECRETARY Officer | 1 | $0 | $575,491 | $95,622 |
| ANNA T NOONAN | DIRECTOR (TIL 9/2024) Trustee or director | 1 | $0 | $554,062 | $109,957 |
| DR JASON SANDERS | DIRECTOR Trustee or director | 1 | $0 | $508,675 | $95,550 |
| DR LISA MARK | DIRECTOR Trustee or director | 1 | $0 | $462,496 | $50,609 |
| DR WOUTER RIETSEMA | DIRECTOR (TIL 12/2023) Trustee or director | 1 | $0 | $343,320 | $14,095 |
| DR HOWARD M SCHAPIRO | DIRECTOR & PRESIDENT Trustee or director, Officer | 1 | $0 | $331,461 | $0 |
| ERIKA SMART | ASSISTANT SECRETARY Officer | 1 | $0 | $192,738 | $49,236 |
| HOLLY BERTEAU | DIRECTOR Trustee or director | 1 | $0 | $6,172 | $432 |
| DR PAUL DANIELSON | DIRECTOR (TIL 9/2024) Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER DUTTON | DIRECTOR (TIL 9/2024) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JOHN BRUMSTED | DIRECTOR & CHAIR (UNTIL 11/2022) Trustee or director, Officer | 1 | $0 | $1,787,177 | $68,822 |
| DR STEPHEN M LEFFLER | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $837,011 | $67,056 |
| RICHARD VINCENT | DIRECTOR & TREASURER Trustee or director, Officer | 1 | $0 | $812,391 | $60,841 |
| ERIC MILLER ESQ | SECRETARY Officer | 1 | $0 | $623,771 | $86,537 |
| ANNA T NOONAN | DIRECTOR Trustee or director | 1 | $0 | $524,507 | $88,509 |
| DR JASON SANDERS | DIRECTOR Trustee or director | 1 | $0 | $534,863 | $72,719 |
| DR WOUTER RIETSEMA | DIRECTOR Trustee or director | 1 | $0 | $454,135 | $13,831 |
| DR HOWARD M SCHAPIRO | DIRECTOR & PRESIDENT Trustee or director, Officer | 1 | $0 | $430,020 | $0 |
| HOLLY BERTEAU | DIRECTOR Trustee or director | 1 | $0 | $356,638 | $48,721 |
| DR SUNIL EAPPEN | DIRECTOR & CHAIR (AS OF 4/2023) Trustee or director, Officer | 1 | $0 | $286,769 | $17,826 |
| JAN FERGUSON | ASSISTANT SECRETARY (TIL 4/2023) Officer | 1 | $0 | $192,948 | $30,874 |
| ERIKA SMART | ASSISTANT SECRETARY (AS OF 4/2023) Officer | 1 | $0 | $152,159 | $46,620 |
| DR PAUL DANIELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER DUTTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 95 ST PAUL STREET, BURLINGTON, VT 05401-4428
- In care of
- % JAN FERGUSON
- Principal officer (990 for 2024)
- DR STEPHEN M LEFFLER, 111 COLCHESTER AVE, BURLINGTON, VT 05401
- Signed the 990
- RICHARD VINCENT, TREASURER
- Phone
- (802) 860-1958
- Return prepared by
- PWC US TAX LLP
Mission
SELF-INSURANCE OF PROFESSIONAL LIABILITY AND GENERAL LIABILITY RISKS EXCLUSIVELY TO UVMHN INC., ITS TAX-EXEMPT SUBSIDIARIES, AND THEIR EMPLOYED INDIVIDUALS.
Program accomplishments
- VMC 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.Expenses $11,830,331 · revenue $15,776,186
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 83-1102018
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $143,009,008
- Income (IRS master file)
- $114,852,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $12,522,006 | $12,385,759 | $143,009,008 | XML |
| 990 | September 2024 | $20,198,651 | $9,281,435 | $128,260,925 | XML |
| 990 | September 2023 | $19,684,453 | $10,819,686 | $99,453,989 | XML |
| 990 | September 2022 | $10,264,099 | $7,145,003 | $85,135,196 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | 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 83-1102018).
Questions about VMC INDEMNITY COMPANY INC
- What is the EIN of VMC INDEMNITY COMPANY INC?
- The employer identification number (EIN) of VMC INDEMNITY COMPANY INC is 83-1102018.
- Is VMC INDEMNITY COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to VMC INDEMNITY COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VMC INDEMNITY COMPANY 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 VMC INDEMNITY COMPANY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VMC INDEMNITY COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of VMC INDEMNITY COMPANY INC?
- The 990 for the year ended September 30, 2025 names DR STEPHEN M LEFFLER.
- Who are the officers and directors of VMC INDEMNITY COMPANY INC?
- The 990 for the year ended September 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does VMC INDEMNITY COMPANY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $12,522,006, expenses of $12,385,759 and total assets of $143,009,008 at year end.
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