First Medical Insurance Compant A Risk Retention Group
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,315,345 | 5,288,560 | 13,026,785 | 148.9 | 0% |
| 2012 | 18,844,870 | 5,885,682 | 12,959,188 | 131.8 | 0% |
| 2013 | 16,014,594 | 7,507,826 | 8,506,768 | 90.3 | 0% |
| 2014 | 16,244,973 | 6,435,651 | 9,809,322 | 111.6 | 0% |
| 2015 | 13,568,493 | 6,925,186 | 6,643,307 | 110.0 | 0% |
| 2016 | 14,624,814 | 11,502,987 | 3,121,827 | 52.3 | 0% |
| 2017 | 14,491,583 | 11,219,740 | 3,271,843 | 60.6 | 0% |
| 2018 | 15,871,406 | 10,504,169 | 5,367,237 | 40.4 | 0% |
| 2019 | 16,348,817 | 8,555,230 | 7,793,587 | 69.2 | 0% |
| 2020 | 20,919,271 | 12,440,751 | 8,478,520 | 37.8 | 0% |
| 2021 | 15,354,853 | 14,722,958 | 631,895 | 32.4 | 0% |
| 2022 | 18,702,381 | 14,078,595 | 4,623,786 | 22.5 | 0% |
| 2023 | 21,164,705 | 12,649,099 | 8,515,606 | 34.7 | 0% |
In its most recent public year (2023), this organization brought in $8,515,606 more than it spent. Its reserves stood at about 34.7 months of spending, down from 148.9 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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