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Filing year 2023

SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST

Columbia, South Carolina·EIN 91-1839164·NTEE Y43 · Mutual & Membership Benefit·501(c)(9)
Total revenue
$28.3M
Total assets
$26.6M
Total expenses
$29.3M
Reported officers
9
Mission

TO PROVIDE MEDICAL AND DENTAL BENEFITS AND LIFE INSURANCE BENEFITS COVERING MEMBERS OF THE MEDICAL PROFESSION AND THEIR FULL-TIME EMPLOYEES.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Clo
Officer (Unspecified)
$45k
$50k
Cfo/coo
Officer (Unspecified)
$45k
$49k
VP of IT
Board Vice President
Median to 75th percentile
$36k
$39k
Executive Director - Mit
25th percentile to median
$18k
$20k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST equaled 0.2% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2023)
0.2%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 22%
from 2022

From $37k in 2022 to $45k in 2023.

$37k
2022
$45k
2023
In today's dollarsEst.
Up 16% in real terms$43k to $50k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Vice President pay rose 26% from 2022 to 2023, while revenue held roughly steady.

$29k in 2022 to $36k in 2023.
  • Chief Executive Officer pay rose 24% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$28.3M
$30M
2022
$28.3M
$29.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.

25th percentile
$5k
Median
$26,876
75th percentile
$87k
90th percentile
$209k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).

See full Mutual & Membership Benefit compensation data
FAQ

Common questions about SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST

What does the Board Vice President of SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST earn?

In 2023, the Board Vice President of SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST received $36,126 in total compensation. This pay is above the median (the midpoint) for Board Vice President roles among Mutual & Membership Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Vice President pay at SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Board Vice President at SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST falls between the median and the 75th percentile. In 2023, the highest total compensation at SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST equaled 0.2% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST's revenue and expenses?

In 2023, SOUTH CAROLINA MEDICAL ASSOCIATION MEMBERS' INSURANCE TRUST reported $28.3M in total revenue and $29.3M in total expenses on its IRS Form 990.

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