NCMS Employee Benefit Plan

Legal name: North Carolina Medical Society Employee Benefit Trust

Nonprofit profile at a glance

EIN
562096193
IRS 990 coverage
2012–2025
Official website data refreshed
Aug 2026
Forms available
Form 990 2025
Location
Raleigh, North Carolina, US
Phone
800-662-7917
Rating confidence
Limited
Sector
Health, General and Financing

Official website

Reported finances

Revenue
$45,996,137
Expenses
$55,147,724
Assets
$13,704,276
Liabilities
$5,128,742

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • KENNETH A HOLT MD (CHAIR): $5,000 total reported compensation
  • WILLIAM INGRAM III MD (TRUSTEE): $2,000 total reported compensation
  • MARY ANN CONTAGIANNIS MD (TRUSTEE): $1,500 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 North Carolina medical society employee benefit plan provides North Carolina physicians with a value-added plan that is straightforward and specifically customized to meet their practice and employees' needs. As the only statewide health benefits plan designed exclusively for North Carolina physicians, the ncms plan offers choices that are unique to the market.

What it reported doing in 2025

The trust provides health, dental, and life insurance benefits to eligible members of the North Carolina medical society and their employees.

Operating model

Revenue model
Earned-program. 99% 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: 93
  • Accountability: 79
  • Sustainability: 18
  • Growth: 0

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.9%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -7.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $5K · 4 people listed
  • Highest-paid contractors: 5 contractors listed · $6.6M reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.