COLUMBIA, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA, INC. MEMBER EMPLOYERS BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.
BEGINNING FEBRUARY 1, 2017, THE INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA, INC GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO...
BEGINNING FEBRUARY 1, 2017, THE INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA, INC GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE INDEPENDENT INSURANCE AGENTS & BROKERS OF SOUTH CAROLINA, INC. (IIABSC) MEMBER EMPLOYERS 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 IIABSC 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare INDEPENDENT AGENTS AND BROKERS OF SOUTH CAROLINA INC GROUP INSURANCE TRUST with other nonprofits in South Carolina and across the country.