TOGETHER SC GROUP INSURANCE TRUST

EIN: 876797705 Mutual Benefit

COLUMBIA, SC

Total Revenue
$4,491,102
Total Expenses
$4,390,630
Total Assets
$189,585
Net Assets
$189,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SC
Principal Officer
BENJAMIN BULLOCK
Phone
8038290399
Tax Period
2024-01-01 to 2024-12-31

TOGETHER SC GROUP INSURANCE TRUST, founded in 2022, is a community nonprofit in the Mutual Benefit sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF TOGETHER SC'S MEMBER EMPLOYERS BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.

Program Service Accomplishments

Program 1

BEGINNING JANUARY 1, 2022, TOGETHER SC GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF TOGETHER SC MEMBER EMPLOYERS BY ISSUANCE...

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BEGINNING JANUARY 1, 2022, TOGETHER SC GROUP INSURANCE TRUST (THE TRUST) BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF TOGETHER SC 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 TOGETHER SC 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. THOSE 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 $4,491,102
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,491,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28,276
TOTAL EXPENSES $4,390,630

Year-over-Year Comparison

2024 2023 Change
Revenue $4,491,102 $2,561,634 +0.8%
Expenses $4,390,630 $2,498,027 +0.8%
Net Income $100,472 $63,607 +0.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN BULLOCK TRUSTEE 4.00
Director
$0 $0 $0
MONROE FREE TRUSTEE 0.50
Director
$0 $0 $0
DEBRA BUFFKIN TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPER NICHOLAS TRUSTEE 0.50
Director
$0 $0 $0
AMANDA HERLIHY TRUSTEE 0.50
Director
$0 $0 $0
CHRIS NEELY TRUSTEE 0.50
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 No data No data No data No data
2024 $4,491,102 $4,390,630 $189,585 $100,472
2023 $2,561,634 $2,498,027 $323,396 $63,607
2022 $1,031,959 $1,006,694 $25,427 $25,265
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