INDEPENDENT AGENTS AND BROKERS OF SOUTH CAROLINA INC GROUP INSURANCE TRUST

EIN: 816928444 Mutual Benefit

COLUMBIA, SC

Total Revenue
$1,145,151
Total Expenses
$1,139,738
Total Assets
$19,957
Net Assets
$7,185
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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
2017
Legal Domicile
SC
Principal Officer
REBECCA MCCORMACK
Phone
8037319460
Tax Period
2024-02-01 to 2025-01-31

INDEPENDENT AGENTS AND BROKERS OF SOUTH CAROLINA INC GROUP INSURANCE TRUST, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS

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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 $1,145,151
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,145,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,412
TOTAL EXPENSES $1,139,738

Year-over-Year Comparison

2024 2023 Change
Revenue $1,145,151 $1,513,500 -0.2%
Expenses $1,139,738 $1,512,221 -0.2%
Net Income $5,413 $1,279 +3.2%
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

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Governance

Voting Members
3
Independent Members
2
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA MCCORMACK PRESIDENT AND TRUSTEE 1.00
Director
$0 $0 $0
KATHY MCKAY TRUSTEE 1.00
Director
$0 $0 $0
JAMES ROBERT R BRYANT JR 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
2025 $1,145,151 $1,139,738 $19,957 $5,413
2024 $1,513,500 $1,512,221 $8,613 $1,279
2023 $1,666,768 $1,672,355 $14,212 $-5,587
2022 $1,605,973 $1,604,393 $7,424 $1,580
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