Carolinas Agc Inc Sc Health Plan

Nonprofit profile at a glance

EIN
936792601
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
7043721450
Rating confidence
Limited

Official website

Reported finances

Revenue
$239,846
Expenses
$241,173
Assets
$3,784
Liabilities
$111

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • STELLA ALOSI (TRUSTEE)
  • MARY ALLYSON CHAUVIN (TRUSTEE)
  • JOHN EDWARD GRIFFITH (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide group health insurance and other welfare benefits to the employees of carolinas agc sc's member employers by issuance of one or more fully insured insurance policies.

What it reported doing in 2024

Beginning january 2024, carolinas agc sc group insurance trust (the trust) began providing group health insurance and other welfare benefits to the employees of carolinas agc 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 carolinas agc 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.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 30
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.6%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.