NORTH CAROLINA BANKERS ASSOCIATION HEALTH BENEFIT TRUST (EIN 562138565) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

SUZANNE BROOKS

Phone

9197817979

Tax Period

2024-06-01 to 2025-05-31

NORTH CAROLINA BANKERS ASSOCIATION HEALTH BENEFIT TRUST, founded in 1999, is a mid-sized nonprofit in the Mutual Benefit sector that reported $35.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $30.6M left a modest 13% surplus.

Mission

SELF-FUNDED MULTIPLE EMPLOYER WELFARE ASSOCIATION BENEFIT PLAN

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,800,220

Investment Income $228,586

Other Revenue $0

TOTAL REVENUE $35,028,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,315,474

TOTAL EXPENSES $30,590,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,028,806	$32,254,418	+0.1%
Expenses	$30,590,890	$33,661,731	-0.1%
Net Income	$4,437,916	$-1,407,313	-4.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$385,318

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SAULS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE AYOTTE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KEUL	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA MEDLIN	TRUSTEE	1.00	Director	$0	$0	$0
LARISSA PROCIUK	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE BROOKS	CONTROLLER/CFO(BEGAN 12/31/2024)	1.00	Officer	$0	$33,081	$198,081
MARK HOLMES	CFO (ENDED 12/31/2024)	1.00	Officer	$0	$17,451	$187,237

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
2025	$35,028,806	$30,590,890	$12,860,412	$4,437,916
2024	$32,254,418	$33,701,766	$10,310,440	$-1,447,348
2024	$32,254,418	$33,661,731	$10,350,475	$-1,407,313
2023	$30,680,454	$31,763,138	$11,956,356	$-1,082,684
2022	$28,961,338	$31,743,842	$13,216,517	$-2,782,504
2021	$27,148,559	$29,229,024	$15,554,504	$-2,080,465
2020	$27,039,433	$26,869,834	$18,160,949	$169,599
2019	$27,838,693	$25,714,508	$17,835,122	$2,124,185
2018	$28,262,984	$28,614,500	$15,705,002	$-351,516

NORTH CAROLINA BANKERS ASSOCIATION HEALTH BENEFIT TRUST