MATTHEWS, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BUILDING MATERIAL SUPPLIERS ASSOCIATION GROUP INSURANCE TRUST, founded in 2018, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.
TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE BUILDING MATERIAL SUPPLIER ASSOCIATION MEMBER EMPLOYERS BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.
BEGINNING FEBRUARY 1,2018, THE BUILDING MATERIAL SUPPLIERS ASSOCIATION GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE...
BEGINNING FEBRUARY 1,2018, THE BUILDING MATERIAL SUPPLIERS ASSOCIATION GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE BUILDING MATERIAL SUPPLIERS ASSOCIATION (BMSA) MEMBER'S EMPLOYEES BY THE 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 BMSA PERFORM ALL 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. THOSE ACTIVITIES INCLUDE THE FOLLOWING:- THE SELECTION OF INSURANCE CARRIERS, BENEFIT PLANS AND BENEFIT LEVELS IN SOME SITUATIONS;- THE SELECTION AND APPOINTMENT OF VENDORS INCLUDED BANKING SERVICES, CONTRACT ADMINISTRATOR, INVESTMENT MANAGER IF NEEDED, AUDITOR, AND ATTORNEY;- THE SALES, 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 | $1,966,715 | $1,787,103 | +0.1% |
| Expenses | $2,015,183 | $1,792,370 | +0.1% |
| Net Income | $-48,468 | $-5,267 | +8.2% |
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 |
|---|---|---|---|---|---|---|
| KELLY FRANKLIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BERLIN MYERS JR | TRUSTEE | 0.10 |
Director
|
$0 | $0 | $0 |
| PW SHAW | TRUSTEE & CHAIRMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,966,715 | $2,015,183 | $62,281 | $-48,468 |
| 2024 | $1,787,103 | $1,792,370 | $110,736 | $-5,267 |
Compare BUILDING MATERIAL SUPPLIERS ASSOCIATION GROUP INSURANCE TRUST with other nonprofits in North Carolina and across the country.