Sc Insurance Company
- Assets
- $0.0
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/2012
- Data as of
- 01/2020
- EIN
- 27-3312053
Organization Overview
Sc Insurance Company is located in Phoenix, AZ. The organization was established in 2012. According to its NTEE Classification (E60) the organization is classified as: Health 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. SC Insurance Company 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 01/2020, SC Insurance Company generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.5m during the year ending 01/2020. As we would expect to see with falling revenues, expenses have declined by (28.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF SWEDISH COVENANT HEALTH (HOSPITAL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PERFORMS A FUNCTION (COVERAGE OF PRIMARY MEDICAL MALPRACTICE RISK) THAT IS AN INTEGRAL PART OF THE EXEMPT ACTIVITIES OF SWEDISH COVENANT HEALTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janis A Rueping Assistant Secretary | OfficerTrustee | 1 | $0 |
Jonathan Lind VP | OfficerTrustee | 1 | $0 |
Anthony Guaccio President/chair | OfficerTrustee | 1 | $0 |
Thomas Garvey Vp/treasurer | OfficerTrustee | 1 | $0 |
Judith A Borenstein VP Operations/secretary | OfficerTrustee | 1 | $0 |
Nicola Byrne Assistant Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lowis & Glenn Llp Legal Services | 1/30/20 | $588,587 |
Hall Prangle & Schoonveld Llc Legal Services | 1/30/20 | $181,833 |
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 | $1,600,440 |
| Investment income | $421,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,704,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,726,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,875 |
| Fees for services: Legal | $11,226 |
| Fees for services: Accounting | $8,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,067 |
| Fees for services: Other | $966 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,469,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Another Joy Foundation 1 Las Vegas, NV | $385,078 | $10,750 |
Health Current Phoenix, AZ | $23,747,319 | $33,338,747 |
Futuro Health Sacramento, CA | $110,017,184 | $860,894 |
Trailhead Institute Denver, CO | $6,610,100 | $14,567,385 |
Weave Inc Sacramento, CA | $13,914,949 | $13,834,479 |
California Housing Foundation Redlands, CA | $127,602,722 | $11,460,522 |
Medic Alert Foundation United States Inc Turlock, CA | $13,450,917 | $8,673,816 |
North Colorado Health Alliance Evans, CO | $8,807,533 | $9,193,017 |
Technical Assistance Partnership Of Arizona Phoenix, AZ | $8,493,848 | $8,170,054 |
Catholic Health Initiatives Virtual Health Services Englewood, CO | $10,734,549 | $5,414,271 |
Silver State Health Services Las Vegas, NV | $4,142,806 | $6,877,372 |
George Mark Childrens Fund San Leandro, CA | $14,683,595 | $6,265,889 |