Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBER CONTRIBUTIONS

  total $28,010,810 · related or exempt $28,010,810

• 3 · Investment income

  total $245,200 · unrelated business $245,200

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $6,146 · related or exempt $6,146

• 11e · Other revenue, total

  $6,146

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $25,616,567

• 11a · Fees: management

  total $738,095

• 11b · Fees: legal

  total $56,977

• 11c · Fees: accounting

  total $74,700

• 11g · Fees: other

  total $309,775

• 13 · Office expenses

  total $30,072

• 14 · Information technology

  total $9,369

• 16 · Occupancy

  total $46,988

• 17 · Travel

  total $208

• 19 · Conferences, conventions and meetings

  total $10

• 22 · Depreciation, depletion and amortization

  total $4,574

• 23 · Insurance

  total $519,483

• 24a · Other expenses: ACCESS FEES

  total $922,240

• 24b · Other expenses: COMMISSIONS

  total $887,087

• 24c · Other expenses: REINSURANCE FEES

  total $550,562

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $155,504

• 24e · All other expenses

  total $91,459

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,602,226 · end of year $16,217,571

• 2 · Savings and temporary cash investments

  beginning of year $8,192,847 · end of year $7,443,209

• 9 · Prepaid expenses and deferred charges

  beginning of year $75,869 · end of year $140,794

• 10a · Land, buildings and equipment: cost or other basis

  $641,590

• 10b · Land, buildings and equipment: accumulated depreciation

  $629,673

• 10c · Land, buildings and equipment, net

  beginning of year $16,491 · end of year $11,917

• 15 · Other assets

  beginning of year $2,871,386 · end of year $3,814,775

• 17 · Accounts payable and accrued expenses

  beginning of year $443,196 · end of year $755,542

• 25 · Other liabilities

  beginning of year $4,797,936 · end of year $5,106,551

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $23,517,687 · end of year $21,766,173

The filer's explanations (Part III)

PART I, LINE 3

SCMA MIT HAS ENTERED INTO A MANAGEMENT SERVICE AGREEMENT WITH SOUTH CAROLINA MEDICAL ASSOCIATION FOR THE PROVISION OF MANAGEMENT AND ADMINISTRATIVE SERVICES. THE SOUTH CAROLINA MEDICAL ASSOCIATION EXECUTIVE COMMITTEE FOLLOWS A REBUTTABLE PRESUMPTION PROCESS INVOLVING THE USE OF COMPENSATION EXPERTS, OPINIONS, AND SURVEY DATA TO CONFIRM THAT THE COMPENSATION PAID PURSUANT TO A WRITTEN CONTRACT IS REASONABLE AND CONSISTENT WITH FAIR MARKET VALUE. THE SCMA MIT OFFICERS AND KEY EMPLOYEES' COMPENSATION IS DETERMINED BASED ON INFORMATION FROM A THIRD PARTY EXPERT ON COMPENSATION PROVIDED EVERY FIVE YEARS BY THE SCMA, AND ALSO BY ANNUAL REVIEWS OF EMPLOYEES. COMPENSATION DECISIONS ARE REVIEWED AND APPROVED BY THE TRUSTEES AND ARE DOCUMENTED IN TRUSTEES MEETING MINUTES THROUGH REVIEW OF CONTRACTUAL EXPENSES.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GREENWOOD GENETIC CENTER

• PIEDMONT PATHOLOGY ASSOCIATES

• MYRTLE BEACH DERMATOLOGY

• BLUE RIDGE EYE CENTER

• SOUTH CAROLINA SKIN CANCER CENTER

• SUMTER EAR NOSE THROAT AND PLASTIC SURGERY

• CAROLINA EYE & EAR ASSOCIATES

• HELEN E HUCKS

• ADVANCED WOMENS CARE FOR THE LOWCOUNTRY

• LOWCOUNTRY VEIN SPECIALISTS LLC

• ADULT MEDICINE SPECIALISTS

• LESLE LONG MD MVIP - MEDICAL CONSULTANTS

• THE CHILDREN'S GROUP

• JUDY C TODD

• WESTGATE FAMILY PHYSICIANS

• H LUCIUS LAFFITTE JR MD LLC

• SOUTH STRAND CARDIOLOGY

• CAROLINA KIDNEY SPECIALISTS

• GOULAS EYE

• WALTERBORO FAMILY PRACTICE

• SUMTER PEDIATRICS

• GREENWOOD ENT ASSOC PA

• CAROLINA RADIOLOGYLLC

• WACCAMAW KIDNEY

• SC MEDICAL ASSOCIATION

• FLOYD W PUTNEY MD

• PLASTIC & RECONSTRUCTIVE SURGERY OF SUMTER

• PEE DEE NEPHROLOGY

• PETER DE VITO MD

• NEPHROLOGY ASSOCIATES OF SPARTANBURG

• BEAUFORT PEDIATRICS PA

• UPSTATE PATHOLOGY

• THE DERMATOLOGY GROUP

• AIKEN EMERGENCY PHYSICIANS FAMILY MEDCENTER OF AIK

• ANDERSON SKIN & CANCER CLINIC

• CAROLINA ORAL & FACIAL SURGERY

• CAROLINA FACIAL PLASTIC

• CLINICAL PATHOLOGY CONSULTANTS

• NEWBERRY OBGYN

• PATHOLOGY ASSOCIATES OF LEXINGTON

• HILTON HEAD INTERNISTS - HOHN

• MT PLEASANT PEDIATRICS

• SAMUEL WOOD MD

• EAST COOPER PLASTIC SURGERY

• EDGAR V PASCHAL

• SEA ISLAND OPHTHALMOLOGY LLC

• CARMEN THOMPSON

• MEDICAL IMAGING CONSULTANTS

• PORT CITY PLASTIC SURGERY

• MARVIN G HEVENER MD

• TERESA MILNE

• FRANK R BROWN III MD

• CONSTANCE KERDASHA

• WILLIAM A DENNIS MD

• MAIN STREET PSYCHIATRY

• PALMETTO INFECTIOUS DISEASE

• SUSAN MINTER

• THE CAROLINA HAND CENTER

• STRAND PHYSICIAN SPECIALISTS PA

• PARKWOOD PEDIATRIC GROUP

• SOUTHEAST REGIONAL VIRTUAL IMAGING

• PALMETTO ANESTHESIA ASSOCIATES LLC

• LOW COUNTRY EYE ASSOCIATES

• PIEDMONT NEUROLOGY LLC

• MEDIVISION

• JOSEPH D THOMAS JR MD PA

• PALMETTO PEDIATRICS OF THE LOWCOUNTRY

• SPINE & ORTHOPAEDIC SPECIALISTS

• SENIOR HEALTH ASSOCIATES

• SOUTH CAROLINA INTERNAL MEDICINE

• CHARLESTON NEPHROLOGY

• JONATHAN L SACK MD

• CENTA MEDICAL GROUP

• REHABILITATION & GERIATRIC SPECIALISTS LLC

• CONSULTANTS IN GASTROENTEROLOGY PA

• SPARTANBURG EAR NOSE & THROAT

• CLINICAL TRIALS OF SC

• PAIN SPECIALISTS OF CHARLESTON

• CAROLINA MUSCULOSKELETAL INSTITUTE

• ANESTHESIOLOGY OF GREENWOOD PA

• CASC ACQUISITIONS INC

• NANCY NETTER MD

• AIKEN OPHTHALMOLOGY PC

• PIEDMONT REPRODUCTIVE ENDOCRINOLOGY GROUP

• PALMETTO EYE INSTITUTE LLC

• NEPHROLOGY ASSOCIATES

• PALMETTO ANESTHESIA & PAIN

• CAROLINA DERMATOLOGY CLINIC

• RIVERTOWN SURGERY CENTER

• PARKWAY SURGERY CENTER

• AMPLOS

• FLORENCE EAR NOSE & THROAT PC

• UPSTATE MEDICAL ASSOCIATES PA

• CAROLINA SPINE & SPORT REHAB SPEC

• SADLER HUGHES APOTHECARY

• UPSTATE PLASTIC SURGERY

• CHARLESTON DERMATOLOGY PC

• RIBAUT MEDICAL PARTNERS LLC

• AMBULATORY SURGERY CENTER OF SPTBG LLC

• TRANSFORMATION SKIN & BODY SOLUTIONS

• PIEDMONT PEDIATRICS

• PALMETTO INTERNAL MEDICINE & PRIMARY CARE PA

• SURGERY CENTER AT PELHAM LLC

• NATIONAL ALLERGY & ENT

• ZYLO THERAPEUTICS INC

• FOOTHILLS COMMUNITY HEALTH CARE

• UPSTATE PEDIATRIC SPEECH THERAPY

• STOKES REGIONAL EYE CENTER

• RETINA CONS OF CAROLINA PA

• HOLLAND EYE CENTER PC

• THE KRAEMER GROUP

• NEPHROLOGY & INTERNAL MEDICINE OF ANDERSON PA

• SOUTH CHARLOTTE PLASTIC & AESTHETIC SURGERY

• PALMETTO ADULT AND CHILDREN'S UROLOGY

• CHARLESTON ENT ASSOCIATES LLC

• SOUTHERN EYE ASSOCIATES OF SC PA

• LAUREL ENDOCRINE AND THYROID SPECIALISTS

• CAROLINA UROLOGIC RESEARCH CENTER

• GRIFFIN PLASTIC SURGERY

• LOWCOUNTRY SURGICAL ASSOCIATES

• PEDIATRIC ASSOCIATES OF KERSHAW COUNTY PA

• DEFORD REHAB CONSULTING LLC

• ENTAAC PA

• CHARLESTON PAIN AND REHABILITATION CENTER

• THE SKIN CLIQUE

• SEASIDE PEDIATRICS OF MOUNT PLEASANT

• CAMDEN BONE AND JOINT

• ESPINOZA VEIN INSTITUTE

• GALLOWAY REGIONAL EYE

• PAWLEYS ISLAND PAIN MANAGEMENT

• CAROLINA PEDIATRICS

• ORTHOSC

• METROLINA NEUROLOGICAL ASSOCIATES

• ANDERSON AREA CANCER CENTER

• SOUTHERN COAST SPINE & PAIN SPECIALISTS

• SEASIDE SPINE SPECIALISTS LLC

• ELITE GYNECOLOGY

• SANDHILLS ENDOSCOPY CENTER

• PECORA MEDICAL

• DIGESTIVE DISEASE GROUP

• AUGUSTA ORTHOPEDIC & SPORTS MEDICINE SPECIALISTS

• TRIDENT CARDIOLOGY ASSOCIATES PA

• FOOTHILLS ENT

• DR JASJOT BHULLAR LLC

• ATREUS MED