Dmg Insurance Company Inc

Organization Overview

Dmg Insurance Company Inc is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dmg Insurance Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Dmg Insurance Company Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE AS A SUPPORTING ORGANIZATION TO PROVIDE PURE CAPTIVE INSURANCE SERVICES FOR THE EXCLUSIVE BENEFIT OF DISTRICT MEDICAL GROUP, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DMG INSURANCE IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO DISTRICT MEDICAL GROUP, INC.DMG INSURANCE PROVIDES MEDICAL PROFESSIONAL LIABILITY COVERAGE FOR THE PHYSICIANS AND PROFESSIONAL STAFF OF DISTRICT MEDICAL GROUP, INC. DMG INSURANCE ALSO PROVIDES GENERAL LIABILITY COVERAGE TO DISTRICT MEDICAL GROUP.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Kote Chundu
Chairman Of The Board
$0
Phyllis Biedess
Board Member
$0
Craig Jones
President, CEO & Treasurer
$0
Dr Daniel Gridley
Vice President
$0
Denise Atwood
Vice President
$0
Patricia Bayless
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Slattery Petersen Pllc
Legal Services
$134,236
Marsh Management Services
Management Consulting Services
$102,550
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,288,414
Investment income $792,781
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,081,195

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