Independent Care Health Benefit Trust
Nonprofit profile at a glance
- EIN
- 856586606
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-N 2021
- Location
- Garner, NC, USA
- Phone
- 8554463227
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $14,500,643
- Expenses
- $11,418,136
- Assets
- $1,937,016
- Liabilities
- $1,087,816
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- RONALD SMITH (EXECUTIVE BUSINESS ADVISOR): $583,236 total reported compensation
- COLIN FELMET (TRUSTEE): $391,620 total reported compensation
- CONRAD FLICK (TRUSTEE): $121,560 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a multiple employer welfare arrangement (mewa) which provides medical and prescription drug benefits for its members and their dependents.
What it reported doing in 2025
All funds are used for the purpose of providing benefits to members and their dependents.
Operating model
- Revenue model
- Earned-program. 67% 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: 60
- Accountability: 37
- Sustainability: 50
- Growth: 40
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: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.3%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 88; 88th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 18.1% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: -23.4% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $583K · 5 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $554K reported
- Consistency: 11 of 11 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.