NORTH CAROLINA BAR ASSOCIATION HEALTH BENEFIT TRUST (EIN 566595155) - 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

2002

Legal Domicile

Principal Officer

ELIZABETH W VOLTZ

Phone

9196778900

Tax Period

2023-10-01 to 2024-09-30

NORTH CAROLINA BAR ASSOCIATION HEALTH BENEFIT TRUST, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $63.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

MULTIPLE EMPLOYER WELFARE ARRANGEMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $56,996,213

Investment Income $673,743

Other Revenue $5,998,096

TOTAL REVENUE $63,668,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,650

Fundraising Expenses $0

Other Expenses $5,977,562

TOTAL EXPENSES $64,656,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,668,052	$58,348,323	+0.1%
Expenses	$64,656,747	$56,882,101	+0.1%
Net Income	$-988,695	$1,466,222	-1.7%

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

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

$2,800

Total Directors

$6,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH W VOLTZ	TRUST CHAIR	1.00	Officer Director	$1,400	$0	$1,400
PLATO C BARWICK III	TRUSTEE	1.00	Director	$1,400	$0	$1,400
PHILLIP R MILLER III	SECRETARY	1.00	Officer Director	$1,400	$0	$1,400
SANDRA M CLARK	TRUSTEE	1.00	Director	$1,050	$0	$1,050
CHRISTOPHER T GRAEBE	TRUSTEE	1.00	Director	$1,050	$0	$1,050
WILLIAM STROUD	TRUST MANAGER	1.00	Officer	$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	$63,668,052	$64,656,747	$28,180,884	$-988,695
2023	$58,348,323	$56,882,101	$28,799,915	$1,466,222
2022	$53,966,395	$56,491,430	$26,853,160	$-2,525,035
2021	$52,442,534	$51,489,096	$31,337,055	$953,438
2020	$48,795,566	$46,026,664	$30,182,922	$2,768,902
2019	$46,425,341	$44,145,575	$27,452,740	$2,279,766
2018	$44,485,257	$39,791,067	$24,074,364	$4,694,190

NORTH CAROLINA BAR ASSOCIATION HEALTH BENEFIT TRUST