NORTH CENTRAL INDIANA SCHOOL INSURANCE CONSORTIUM TRUST

EIN: 276805958 Mutual Benefit

MUNCIE, IN

Total Revenue
$35,887,165
Total Expenses
$34,124,384
Total Assets
$12,726,039
Net Assets
$7,468,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Principal Officer
GREG KILE
Phone
3173401713
Tax Period
2023-10-01 to 2024-09-30

NORTH CENTRAL INDIANA SCHOOL INSURANCE CONSORTIUM TRUST, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $35.9M in total revenue in fiscal year 2023. Expenses of $34.1M left a modest 5% surplus.

Mission

THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDES MEDICAL, PRESCRIPTION DRUG, AND DENTAL BENEFITS TO EMPLOYEES OF 22 INDIANA SCHOOL CORPORATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,227,739
Investment Income $659,426
Other Revenue $0
TOTAL REVENUE $35,887,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,124,384
Other Expenses $2,153,644
TOTAL EXPENSES $34,124,384

Year-over-Year Comparison

2023 2022 Change
Revenue $35,887,165 $33,407,588 +0.1%
Expenses $34,124,384 $36,753,311 -0.1%
Net Income $1,762,781 $-3,345,723 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
39
Independent Members
39
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH BATES TRUSTEE 1.00
Director
$0 $0 $0
LORI DICKERSON TRUSTEE 1.00
Director
$0 $0 $0
BOB FREIJE TRUSTEE 1.00
Director
$0 $0 $0
SHELLY MYERS TRUSTEE 1.00
Director
$0 $0 $0
KENNETH HANSON TRUSTEE 1.00
Director
$0 $0 $0
SCOTT THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
MAJORIE ALBERSON TRUSTEE 1.00
Director
$0 $0 $0
ROLLAND ABRAHAM TREASURER 4.00
Officer Director
$0 $0 $0
BECKY KUEHL TRUSTEE 1.00
Director
$0 $0 $0
RITA LAWRENCE TRUSTEE 1.00
Director
$0 $0 $0
ANDY STOVER TRUSTEE 1.00
Director
$0 $0 $0
DIANNA REEDY VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
MELISSA BRISCO TRUSTEE 1.00
Director
$0 $0 $0
KEITH RICHIE TRUSTEE 1.00
Director
$0 $0 $0
JIM SAVAGE TRUSTEE 1.00
Director
$0 $0 $0
BEVERLY DOUGHTY TRUSTEE 1.00
Director
$0 $0 $0
STEVE VORE TRUSTEE 1.00
Director
$0 $0 $0
CARRIE BOOTCHECK TRUSTEE 1.00
Director
$0 $0 $0
AARON BLACK TRUSTEE 1.00
Director
$0 $0 $0
JOHN EDGE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN MUCHEL TRUSTEE 1.00
Director
$0 $0 $0
CRAIG JERNAGAN TRUSTEE 1.00
Director
$0 $0 $0
GREG KILE PRESIDENT 4.00
Officer Director
$0 $0 $0
FLOYD MCWHIRT TRUSTEE 1.00
Director
$0 $0 $0
NEAL ADAMS TRUSTEE 1.00
Director
$0 $0 $0
ADRIAN MOULTON SECRETARY 4.00
Officer Director
$0 $0 $0
CHRIS KUHN TRUSTEE 1.00
Director
$0 $0 $0
AMY WILDERMUTH TRUSTEE 1.00
Director
$0 $0 $0
GREG HINSHAW TRUSTEE 1.00
Director
$0 $0 $0
ROBIN GREGORY TRUSTEE 1.00
Director
$0 $0 $0
JAMES LODL TRUSTEE 1.00
Director
$0 $0 $0
SHAWN CARPENTER TRUSTEE 1.00
Director
$0 $0 $0
TROY FRIEDERSDORF TRUSTEE 1.00
Director
$0 $0 $0
BRIAN EVANS TRUSTEE 1.00
Director
$0 $0 $0
CYLER SARAH TRUSTEE 1.00
Director
$0 $0 $0
JAMA MARLOW TRUSTEE 1.00
Director
$0 $0 $0
BRAD BENNETT TRUSTEE 1.00
Director
$0 $0 $0
BRENTEN BAKER TRUSTEE 1.00
Director
$0 $0 $0
MARK DUBOIS TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $35,887,165 $34,124,384 $12,726,039 $1,762,781
2023 $33,407,588 $36,753,311 $11,436,534 $-3,345,723
2022 $32,952,271 $32,893,840 $14,276,714 $58,431
2021 $32,535,743 $30,399,796 $14,141,006 $2,135,947
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