Promedica Indemnity Insurance Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,695,629 | 6,490,961 | 11,204,668 | 95.5 | 4% |
| 2012 | 18,293,687 | 1,580,897 | 16,712,790 | 559.5 | 17% |
| 2013 | 22,097,560 | 1,770,533 | 20,327,027 | 634.1 | 16% |
| 2014 | 15,706,888 | 4,827,623 | 10,879,265 | 227.0 | 5% |
| 2015 | 14,703,180 | 1,743,852 | 12,959,328 | 518.5 | 9% |
| 2016 | 12,083,000 | 8,332,616 | 3,750,384 | 86.1 | 2% |
| 2017 | 19,323,905 | 8,081,692 | 11,242,213 | 60.6 | 4% |
| 2018 | 11,309,567 | 5,492,328 | 5,817,239 | 81.6 | 6% |
| 2019 | 15,236,859 | 10,026,308 | 5,210,551 | 43.8 | 3% |
| 2020 | 14,950,379 | 14,689,387 | 260,992 | 36.1 | 3% |
| 2021 | 28,459,378 | 29,503,943 | −1,044,565 | 18.1 | 1% |
| 2022 | 17,723,166 | 15,608,460 | 2,114,706 | 25.9 | 0% |
| 2023 | 45,835,586 | 40,122,249 | 5,713,337 | 8.8 | 0% |
In its most recent public year (2023), this organization brought in $5,713,337 more than it spent. Its reserves stood at about 8.8 months of spending, down from 95.5 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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