SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST (EIN 911839164) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

M BOLIN

Phone

8037986209

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST, founded in 1981, is a mid-sized nonprofit in the Mutual Benefit sector that reported $26.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $29.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE TRUST PROVIDES HEALTH AND LIFE INSURANCE BENEFITS COVERING MEMBERS OF THE MEDICAL PROFESSION (CONTINUED)... AND THEIR FULL-TIME EMPLOYEES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,540,563

Investment Income $645,739

Other Revenue $96,405

TOTAL REVENUE $26,282,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,888,478

TOTAL EXPENSES $29,096,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,282,707	$28,314,614	-0.1%
Expenses	$29,096,118	$29,262,177	0.0%
Net Income	$-2,813,411	$-947,563	+2.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$685,263

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PERRY MD	TRUSTEE START 8/24	1.00	Director	$0	$0	$0
NELSON PLOCH MD	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HALL MD	TRUSTEE START 4/25	1.00	Director	$0	$0	$0
JOSH WILSON MD	TRUSTEE	1.00	Director	$0	$0	$0
PAUL ESPINOZA	TRUSTEE THRU 3/25	1.00	Director	$0	$0	$0
ERIK SWANSON MD	TRUSTEE START 6/25	1.00	Director	$0	$0	$0
MICHELLE C BOLIN	CFO/COO	15.00	Officer	$0	$45,740	$339,721
RICHELE KEEL TAYLOR	CLO	9.25	Officer	$0	$45,933	$345,542
BRANDT SMITH	VP OF IT	10.00	Highest	$0	$36,934	$169,807
DYLAN SITTERLE	EXECUTIVE DIRECTOR - MIT	37.50	Highest	$0	$19,410	$149,813

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	$26,282,707	$29,096,118	$22,608,745	$-2,813,411
2024	$28,314,614	$29,262,177	$26,564,402	$-947,563
2023	$28,262,156	$30,013,670	$27,628,266	$-1,751,514
2022	$29,085,358	$30,371,115	$28,758,819	$-1,285,757
2021	$32,166,082	$31,242,651	$30,479,111	$923,431
2020	$34,185,131	$33,532,181	$30,169,976	$652,950
2019	$35,378,127	$35,644,669	$29,133,394	$-266,542
2018	$36,480,111	$38,823,753	$29,880,215	$-2,343,642

SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST