Civic Intelligence

University Medical Associates Retiree

EIN 80-6097315 • 501(c)9 • Charleston, SC

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Profile

The voluntary employment benefit association trust has been established to provide health and dental benefits to the retired former employees of university medical associates, carolina primary care physicians, pa, and carolina health management services in accordance with the plan provisions.

PO Box 30037Charleston, SC 29417

www.musc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.06x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.40x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-57%

Higher net margin than 11% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$23,983

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-17%

Faster asset growth than 25% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-32%

Faster revenue growth than 13% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$3,977,787

Down $839,078 (-17%) from 2023

Liabilities

Down

$246,387

Down $534,687 (-68%) from 2023

Net Assets

Down

$3,731,400

Down $304,391 (-7.5%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin11th percentile

Revenue

Down

$620,986

Down $294,825 (-32%) from 2023

Expenses

Up

$976,198

Up $137,558 (+16%) from 2023

Net Income

Down

-$355,212

Down $432,383 (-560%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $1,740,925Liabilities 2011: $20,007Net Assets 2011: $1,720,9182011Assets 2012: $2,056,189Liabilities 2012: $30,837Net Assets 2012: $2,025,3522012Assets 2013: $2,680,510Liabilities 2013: $24,872Net Assets 2013: $2,655,6382013Assets 2014: $3,480,556Liabilities 2014: $17,694Net Assets 2014: $3,462,8622014Assets 2015: $4,085,495Liabilities 2015: $26,395Net Assets 2015: $4,059,1002015Assets 2016: $4,543,819Liabilities 2016: $36,958Net Assets 2016: $4,506,8612016Assets 2017: $5,180,099Liabilities 2017: $27,681Net Assets 2017: $5,152,4182017Assets 2018: $5,375,025Liabilities 2018: $96,813Net Assets 2018: $5,278,2122018Assets 2019: $5,150,732Liabilities 2019: $68,604Net Assets 2019: $5,082,1282019Assets 2020: $4,849,656Liabilities 2020: $164,696Net Assets 2020: $4,684,9602020Assets 2021: $5,472,890Liabilities 2021: $112,139Net Assets 2021: $5,360,7512021Assets 2022: $3,912,644Liabilities 2022: $209,758Net Assets 2022: $3,702,8862022Assets 2023: $4,816,865Liabilities 2023: $781,074Net Assets 2023: $4,035,7912023Assets 2024: $3,977,787Liabilities 2024: $246,387Net Assets 2024: $3,731,4002024

Highlighted filing

2024

Assets$3,977,787
Liabilities$246,387
Net Assets$3,731,400
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $736,783Expenses 2011: $171,334Net Income 2011: $565,4492011Expenses 2012: $268,3982012Expenses 2013: $169,7452013Revenue 2014: $675,132Expenses 2014: $202,965Net Income 2014: $472,1672014Revenue 2015: $941,768Expenses 2015: $324,015Net Income 2015: $617,7532015Revenue 2016: $956,572Expenses 2016: $369,538Net Income 2016: $587,0342016Revenue 2017: $541,303Expenses 2017: $242,999Net Income 2017: $298,3042017Revenue 2018: $667,857Expenses 2018: $560,544Net Income 2018: $107,3132018Revenue 2019: $445,387Expenses 2019: $643,835Net Income 2019: -$198,4482019Revenue 2020: $473,580Expenses 2020: $766,930Net Income 2020: -$293,3502020Revenue 2021: $721,972Expenses 2021: $841,498Net Income 2021: -$119,5262021Revenue 2022: $702,946Expenses 2022: $1,157,688Net Income 2022: -$454,7422022Revenue 2023: $915,811Expenses 2023: $838,640Net Income 2023: $77,1712023Revenue 2024: $620,986Expenses 2024: $976,198Net Income 2024: -$355,2122024

Highlighted filing

2024

Revenue$620,986
Expenses$976,198
Net Income-$355,212
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,977,787
Liabilities
$246,387
Net assets
$3,731,400
Revenue
$620,986
Expenses
$976,198
Net income
-$355,212
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.25$3.73$0.62$0.98$0.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$0.78$4.04$0.92$0.84$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.91$0.21$3.70$0.70$1.16$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.47$0.11$5.36$0.72$0.84$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$0.16$4.68$0.47$0.77$0.29
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.07$5.08$0.45$0.64$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.38$0.10$5.28$0.67$0.56$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$0.03$5.15$0.54$0.24$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.54$0.04$4.51$0.96$0.37$0.59
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.03$4.06$0.94$0.32$0.62
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.02$3.46$0.68$0.20$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.02$2.66$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.03$2.03$0.27
2011Summary only. Only limited summary data is available for this year.$1.74$0.02$1.72$0.74$0.17$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,037,766
Mission and Program Overview

Mission

The voluntary employment benefit association trust has been established to provide health and dental benefits to the retired former employees of university medical associates, carolina primary care physicians, pa, and carolina health management services in accordance with the plan provisions.

Voluntary employee beneficiary association trust established to provide health and dental benefits to qualified retirees of university medical associates and its affiliates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,671,247$3,969,736▼ $701,511
Cap Stk Tr Prin Current Funds$4,035,791$3,731,400▼ $304,391
Accounts Receivable$4,347$4,675▲ $328
Savings and Temporary Cash Investments$141,271$3,376▼ $137,895
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$4,816,865$3,977,787▼ $839,078
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$158,072$177,253▲ $19,181
Accounts Payable and Accrued Expenses$623,002$69,134▼ $553,868
Total Liabilities$781,074$246,387▼ $534,687
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,035,791$3,731,400▼ $304,391
Total Liabilities and Net Assets / Fund Balance$4,816,865$3,977,787▼ $839,078
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleBaseTotal
Wells Fargo NATrustee$23,983$23,983
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$182,877
Investment Income
$436,083
Other Revenue
$2,026
Change in Net Assets
$-355,212

Audited Revenue Reconciliation

Revenue per Audited Statements
$620,986
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,821
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$671,807
Total Revenue per Form 990
$620,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,983
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$952,215
Fees for Services Other---$23,983
Total Functional Expenses$0$0$0$976,198

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$976,198
Total Expenses per Audited Statements$976,198
Total Expenses per Form 990$976,198
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Incurred But Not Reported Claims Reserve$177,253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

“The members of the voluntary employee benefit association are university medical associates; carolina primary care physicians, pa; musc health partners, and carolina health management services.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Wells fargo acts as the institutional trustee of the trust. The board of university medical associates (the sponsoring organization) participates in the governance of the organization through the appointment of the trust's committee and through the ability to vote on the trustee and the investments of the trust.”

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

“Any changes in benefits under the voluntary employee benefit association trust must be approved by the board of university medical associates.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“A draft of form 990 is provided to the directors of the trust via email prior to filing for review and comments.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The trust relies on its sponsoring organization, university medical associates, to monitor all conflicts of interest in accordance with its applicable policies.”

Form 990, Part VI, Line 19 Required documents available to the public

“THE TRUST PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO ALL INTERESTED PARTIES UPON WRITTEN REQUEST RECEIVED AT ITS CORPORATE OFFICES LOCATED AT 1 Poston Rd., SUITE 350, CHARLESTON, SC 29407.”

Filing and Contact Details

Filer

Filer Name
University Medical Associates Retiree Benefit Trust
EIN
80-6097315
Phone
8438761357
Address
PO BOX 30037, CHARLESTON, SC 29417

Signing Officer

Name
Jonathan Boone
Title
Assistant Chief Financial Officer
Phone
8438762420
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Sc
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Jeremy Naess
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Change of oversight process or selection process

“The six trustees, collectively, act as the audit committee for oversight of the audit process from selection of the independent accountant, review of the audit findings and making suggested changes to ensure compliance with applicable laws and regulations.”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The trust established under the plan to hold the plan's assets received an exemption letter from the internal revenue service (the "irs") dated january 21, 2010, stating that the trust is tax-exempt under the provisions of section 501(c)9 of the internal revenue code (the "irc"). However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2021 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to mainatin the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc; therefore, the related trust is tax-exempt. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of june 30, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix333 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0623002
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt069134
IRS990/AccountsReceivableGrp/BOYAmt04347
IRS990/AccountsReceivableGrp/EOYAmt04675
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO QUALIFIED RETIREES OF UNIVERSITY MEDICAL ASSOCIATES AND ITS AFFILIATES.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt0952215
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Jonathan Boone
IRS990/BooksInCareOfDetail/PhoneNum08438762420
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 Poston Road 350
IRS990/BooksInCareOfDetail/USAddress/CityNm0Charleston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029407
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt04035791
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt03731400
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0952215
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0436083
IRS990/CYOtherExpensesAmt023983
IRS990/CYOtherRevenueAmt02026
IRS990/CYProgramServiceRevenueAmt0182877
IRS990/CYRevenuesLessExpensesAmt0-355212
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0976198
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0620986
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST HAS BEEN ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO THE RETIRED FORMER EMPLOYEES OF UNIVERSITY MEDICAL ASSOCIATES, CAROLINA PRIMARY CARE PHYSICIANS, PA, MUSC HEALTH PARTNERS, AND CAROLINA HEALTH MANAGEMENT SERVICES IN ACCORDANCE WITH THE PLAN PROVISIONS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0976198
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt023983
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0Wells Fargo NA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt023983
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0333862
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02750642
IRS990/GrossReceiptsAmt03037766
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0102221
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102221
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04671247
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03969736
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02416780
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0THE VOLUNTARY EMPLOYMENT BENEFIT ASSOCIATION TRUST HAS BEEN ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO THE RETIRED FORMER EMPLOYEES OF UNIVERSITY MEDICAL ASSOCIATES, CAROLINA PRIMARY CARE PHYSICIANS, PA, MUSC HEALTH PARTNERS, AND CAROLINA HEALTH MANAGEMENT SERVICES IN ACCORDANCE WITH THE PLAN PROVISIONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04035791
IRS990/NetAssetsOrFundBalancesEOYAmt03731400
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0333862
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0333862
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt050821
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0158072
IRS990/OtherLiabilitiesGrp/EOYAmt0177253
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0MUTUAL FUND REBATE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02026
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02026
IRS990/OtherRevenueTotalAmt02026
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JONATHAN BOONE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0182877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0182877
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0817152
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0214203
IRS990/PYOtherExpensesAmt021488
IRS990/PYOtherRevenueAmt02374
IRS990/PYProgramServiceRevenueAmt0699234
IRS990/PYRevenuesLessExpensesAmt077171
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0838640
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0915811
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-355212
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0182877
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0141271
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03376
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0976198
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt050821
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0177253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INCURRED BUT NOT REPORTED CLAIMS RESERVE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (THE "IRS") DATED JANUARY 21, 2010, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE INTERNAL REVENUE CODE (THE "IRC"). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2021 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINATIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC; THEREFORE, THE RELATED TRUST IS TAX-EXEMPT. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION ARE UNIVERSITY MEDICAL ASSOCIATES; CAROLINA PRIMARY CARE PHYSICIANS, PA; MUSC HEALTH PARTNERS, AND CAROLINA HEALTH MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WELLS FARGO ACTS AS THE INSTITUTIONAL TRUSTEE OF THE TRUST. THE BOARD OF UNIVERSITY MEDICAL ASSOCIATES (THE SPONSORING ORGANIZATION) PARTICIPATES IN THE GOVERNANCE OF THE ORGANIZATION THROUGH THE APPOINTMENT OF THE TRUST'S COMMITTEE AND THROUGH THE ABILITY TO VOTE ON THE TRUSTEE AND THE INVESTMENTS OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES IN BENEFITS UNDER THE VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST MUST BE APPROVED BY THE BOARD OF UNIVERSITY MEDICAL ASSOCIATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF FORM 990 IS PROVIDED TO THE DIRECTORS OF THE TRUST VIA EMAIL PRIOR TO FILING FOR REVIEW AND COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUST RELIES ON ITS SPONSORING ORGANIZATION, UNIVERSITY MEDICAL ASSOCIATES, TO MONITOR ALL CONFLICTS OF INTEREST IN ACCORDANCE WITH ITS APPLICABLE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TRUST PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO ALL INTERESTED PARTIES UPON WRITTEN REQUEST RECEIVED AT ITS CORPORATE OFFICES LOCATED AT 1 Poston Rd., SUITE 350, CHARLESTON, SC 29407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SIX TRUSTEES, COLLECTIVELY, ACT AS THE AUDIT COMMITTEE FOR OVERSIGHT OF THE AUDIT PROCESS FROM SELECTION OF THE INDEPENDENT ACCOUNTANT, REVIEW OF THE AUDIT FINDINGS AND MAKING SUGGESTED CHANGES TO ENSURE COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c Change of oversight process or selection process
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MEDICAL UNIVERSITY OF SOUTH CAROLINA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRACTICE PLAN FOR MEDICAL SCHOOL
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN BOONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Assistant Chief Financial Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum08438762420
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNIVERSITY MEDICAL ASSOCIATES RETIREE BENEFIT TRUST
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forvis Mazars LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 Ridgefield Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Asheville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeremy Naess
ReturnHeader/ReturnTs02025-05-14T13:09:02+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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