Boston Medical Center Insurance Co Ltd Of Vermont
Boston Medical Center Insurance Co Ltd Of Vermont reports zero revenue and declining assets in recent years.
EIN: 201810549 · Burlington, VT · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $6K |
| Net Assets | $45K |
| Transparency Score | 40/100 |
Is Boston Medical Center Insurance Co Ltd Of Vermont Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boston Medical Center Insurance Co Ltd Of Vermont
Boston Medical Center Insurance Co Ltd Of Vermont (EIN: 201810549) is a nonprofit organization based in Burlington, VT, classified under NTEE code E11. The organization reported total revenue of $0 and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Medical Center Insurance Co Ltd Of Vermont's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Medical Center Insurance Co Ltd Of Vermont is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -100.0% | -68.9% | -5.4% |
| 2019 | -100.0% | — | -98.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boston Medical Center Insurance Co Ltd Of Vermont with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Boston Medical Center Insurance Co Ltd Of Vermont allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving compensation from the organization, which is positive for transparency and cost control given its minimal recent activity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Boston Medical Center Insurance Co Ltd Of Vermont's IRS 990 filings:
- Zero revenue reported for the past four fiscal periods (2020-2023), indicating a lack of operational funding.
- Significant decline in assets from $24,389,942 in 2017 to $40,249 currently, suggesting a substantial reduction in financial capacity or a distribution of assets.
- Expenses incurred without corresponding revenue in recent years, leading to a net loss and further asset depletion.
Strengths
The following positive indicators were identified for Boston Medical Center Insurance Co Ltd Of Vermont:
- Consistent reporting of zero officer compensation across all filings, indicating no executive pay burden.
- Regular filing of IRS Form 990, demonstrating compliance and transparency in reporting.
- Low liabilities in recent years, with $2,200 in 2023 and zero in 2020 and 2019, suggesting minimal financial obligations.
Frequently Asked Questions about Boston Medical Center Insurance Co Ltd Of Vermont
Is Boston Medical Center Insurance Co Ltd Of Vermont a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Medical Center Insurance Co Ltd Of Vermont (EIN: 201810549) significant concerns. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
How does Boston Medical Center Insurance Co Ltd Of Vermont spend its money?
Detailed spending breakdown data is not yet available for Boston Medical Center Insurance Co Ltd Of Vermont. Check back for updated IRS 990 analysis.
Are donations to Boston Medical Center Insurance Co Ltd Of Vermont tax-deductible?
Boston Medical Center Insurance Co Ltd Of Vermont is registered as a tax-exempt nonprofit (EIN: 201810549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Boston Medical Center Insurance Co Ltd Of Vermont compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Boston Medical Center Insurance Co Ltd Of Vermont is near average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boston Medical Center Insurance Co Ltd Of Vermont located?
Boston Medical Center Insurance Co Ltd Of Vermont is headquartered in Burlington, Vermont and files with the IRS under EIN 201810549. It is classified under NTEE code E11.
How many years of IRS 990 filings does Boston Medical Center Insurance Co Ltd Of Vermont have?
Boston Medical Center Insurance Co Ltd Of Vermont has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status and purpose of Boston Medical Center Insurance Co Ltd Of Vermont, given its zero revenue and declining assets since 2020?
The provided data suggests the organization is either dormant, in the process of winding down, or serving a very limited, non-revenue-generating function, as evidenced by zero revenue and minimal expenses in recent years (2020-2023).
Why did the organization experience significant revenue and expense activity in 2017 and 2018, followed by a drastic reduction in activity?
The data shows revenue of $2,612,831 in 2017 and $4,538,071 in 2018, with corresponding expenses, which then dropped to near zero. This suggests a significant change in its operational model or purpose around that time, possibly related to a specific insurance program or risk management strategy that concluded.
What are the specific types of expenses incurred by the organization, particularly in recent years when revenue is zero?
The filings show expenses of $6,450 in 2023, $8,400 in 2022, and $10,075 in 2021, despite zero revenue. Without a detailed breakdown, these are likely administrative costs such as filing fees, legal/accounting services, or minimal operational overhead for maintaining its corporate status.
Filing History
IRS 990 filing history for Boston Medical Center Insurance Co Ltd Of Vermont showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boston Medical Center Insurance Co Ltd Of Vermont's revenue has declined by 100%, moving from $2K to $0. Total assets decreased by 84.2% over the same period, from $296K to $47K. Total functional expenses fell by 43.9%, from $12K to $6K. The organization holds $2K in liabilities against $47K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $45K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $6K | $47K | $2K | — | View 990 |
| 2022 | $0 | $8K | $53K | $2K | — | View 990 |
| 2021 | $0 | $10K | $62K | $2K | — | View 990 |
| 2020 | $0 | $4K | $69K | $0 | — | — |
| 2019 | $1K | $13K | $73K | $0 | — | View 990 |
| 2018 | $4.5M | $-1,005,823 | $5.1M | $403K | — | View 990 |
| 2017 | $2.6M | $2.5M | $24.4M | $2.6M | — | View 990 |
| 2016 | $4K | $12K | $20.3M | $8K | — | View 990 |
| 2015 | $1K | $15K | $329K | $8K | — | View 990 |
| 2014 | $1K | $12K | $342K | $8K | — | View 990 |
| 2013 | $1K | $12K | $353K | $8K | — | View 990 |
| 2012 | $2K | $10K | $290K | $40K | — | View 990 |
| 2011 | $2K | $12K | $296K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $6K, and assets of $47K.
- 2022: Revenue of $0, expenses of $8K, and assets of $53K.
- 2021: Revenue of $0, expenses of $10K, and assets of $62K.
- 2020: Revenue of $0, expenses of $4K, and assets of $69K (revenue -100.0% year-over-year).
- 2019: Revenue of $1K, expenses of $13K, and assets of $73K (revenue -100.0% year-over-year).
- 2018: Revenue of $4.5M, expenses of $-1,005,823, and assets of $5.1M (revenue +73.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.5M, and assets of $24.4M (revenue +59594.6% year-over-year).
- 2016: Revenue of $4K, expenses of $12K, and assets of $20.3M (revenue +276.0% year-over-year).
- 2015: Revenue of $1K, expenses of $15K, and assets of $329K (revenue -3.6% year-over-year).
- 2014: Revenue of $1K, expenses of $12K, and assets of $342K (revenue -1.8% year-over-year).
- 2013: Revenue of $1K, expenses of $12K, and assets of $353K (revenue -20.0% year-over-year).
- 2012: Revenue of $2K, expenses of $10K, and assets of $290K (revenue -14.9% year-over-year).
- 2011: Revenue of $2K, expenses of $12K, and assets of $296K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Medical Center Insurance Co Ltd Of Vermont:
Data Sources and Methodology
This transparency report for Boston Medical Center Insurance Co Ltd Of Vermont is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.