SOUTH CAROLINA DENTAL ASSOCIATION GROUP INSURANCE TRUST

EIN: 816916597 Mutual Benefit

COLUMBIA, SC

Total Revenue
$10,826,516
Total Expenses
$10,857,677
Total Assets
$169,072
Net Assets
$26,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
SC
Principal Officer
JOHN P LATHAM
Phone
8037502277
Tax Period
2024-02-01 to 2025-01-31

SOUTH CAROLINA DENTAL ASSOCIATION GROUP INSURANCE TRUST, founded in 2017, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF THE SOUTH CAROLINA DENTAL ASSOCIATION (SCDA), AS WELL AS QUALIFYING DEPENDENTS OF SCDA, BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.

Program Service Accomplishments

Program 1

BEGINNING MARCH 1, 2017, SCDA BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF SCDA, AS WELL AS QUALIFYING DEPENDENTS OF SCDA, BY ISSUANCE OF ONE OR...

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BEGINNING MARCH 1, 2017, SCDA BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF SCDA, AS WELL AS QUALIFYING DEPENDENTS OF SCDA, BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES. THE TRUST PROGRAM IS OVERSEEN BY AN ELECTED BOARD OF TRUSTEES (TRUSTEES). THE TRUSTEES TOGETHER WITH THE SCDA PERFORM ALL OF THE ACTIVITIES REQUIRED TO ADMINISTER THE TRUST AND MAKE DECISIONS ON THE ON-GOING OPERATIONS OF THE TRUST IN THE BEST INTEREST OF THE PARTICIPANTS.THE PROGRAM ACTIVITIES INCLUDE THE FOLLOWING:-- THE SELECTION OF INSURANCE CARRIERS, BENEFIT PLANS AND BENEFIT LEVELS IN SOME SITUATIONS;-- THE SELECTION AND APPOINTMENT OF VENDORS INCLUDING BANKING SERVICES, CONTRACT ADMINISTRATOR, INVESTMENT MANAGER IF NEEDED, AUDITOR, AND ATTORNEY;-- THE SALES, AND MARKETING OF THE PROGRAM INCLUDING THE DEVELOPMENT OF COMMUNICATION MATERIALS, AND THE USE OF OUTSIDE SALES AGENTS IF NEEDED; AND-- THE GENERAL MANAGEMENT OF TRUST FUNDS AND ASSETS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,826,516
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,826,516

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $31,161
TOTAL EXPENSES $10,857,677

Year-over-Year Comparison

2024 2023 Change
Revenue $10,826,516 $11,399,269 -0.1%
Expenses $10,857,677 $11,375,398 0.0%
Net Income $-31,161 $23,871 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CRAIG LITTLE TRUSTEE 1.00
Director
$0 $0 $0
DR DAVID BABB TRUSTEE 1.00
Director
$0 $0 $0
DR DAN PENELLA TRUSTEE 1.00
Director
$0 $0 $0
DR BRADLEY FLOWERS TRUSTEE 1.00
Director
$0 $0 $0
DR JULIANNE KLECKLEY TRUSTEE 1.00
Director
$0 $0 $0
JOHN P LATHAM EXECUTIVE DIRECTOR 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
2025 $10,826,516 $10,857,677 $169,072 $-31,161
2024 $11,399,269 $11,375,398 $136,075 $23,871
2023 $11,785,870 $11,783,283 $177,236 $2,587
2022 $11,725,016 $11,719,461 $362,059 $5,555
2021 $12,132,004 $12,161,166 $152,556 $-29,162
2020 $12,444,735 $12,410,247 $432,323 $34,488
2019 $12,370,055 $12,361,234 $417,976 $8,821
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