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← SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS INSURANCE TRUST

Form 990 for tax year 2023

Filed by SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS INSURANCE TRUST.

Totals

Total revenue
$28,314,614
Total expenses
$29,262,177
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JAMES D DALTON JR MD

    TRUSTEE 7/23-12/23

    Total calculated
    $0
    Hours/week
    1

  • PAUL ESPINOZA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NELSON PLOCH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LESLIE WILKE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSH WILSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE C BOLIN

    CFO/COO

    Total calculated
    $335,874
    From this org
    $0
    From related orgs
    $290,720
    Other
    $45,154
    Hours/week
    15 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,720 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $8,828 related
    Nontaxable benefits
    $0 + $36,326 related
    Filer's total
    $0 + $335,874 related

  • RICHELE KEEL TAYLOR

    CLO

    Total calculated
    $342,209
    From this org
    $0
    From related orgs
    $296,846
    Other
    $45,363
    Hours/week
    9.25 + 28.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,846 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,016 related
    Nontaxable benefits
    $0 + $36,347 related
    Filer's total
    $0 + $342,209 related

  • BRANDT SMITH

    VP OF IT

    Total calculated
    $171,423
    From this org
    $0
    From related orgs
    $135,297
    Other
    $36,126
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,385 related
    Bonus
    $0 + $3,912 related
    Other
    $0
    Deferred
    $0 + $4,037 related
    Nontaxable benefits
    $0 + $32,089 related
    Filer's total
    $0 + $171,423 related

  • DYLAN SITTERLE

    EXECUTIVE DIRECTOR - MIT

    Total calculated
    $146,930
    From this org
    $0
    From related orgs
    $128,540
    Other
    $18,390
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202511339349302226

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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