Masc Group Ins Tr

North Charleston, SC · Mutual-benefit / member-serving · Since 2021

Revenue
$2.6M
+24% vs prior year
Spent
$2.6M
Net assets
$114K
By yearFY2022–FY2025
Revenue
$2.6M
FY2025▲ +24%
Revenue by fiscal year
FY2022$740K
FY2023$1.2M
FY2024$2.1M
FY2025$2.6M
Expenses
$2.6M
FY2025▲ +24%
Expenses by fiscal year
FY2022$736K
FY2023$1.1M
FY2024$2.1M
FY2025$2.6M
Net assets
$114K
FY2025▲ +64%
Net assets by fiscal year
FY2022$13K
FY2023$34K
FY2024$70K
FY2025$114K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CMasc Group Ins Tr
EINHdr · item D85-6395415
Exempt statusHdr · item I501(c)(9) · active
Ruling yearIRS BMFNov 2022
Year of formationHdr · item L2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNorth Charleston, SC
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.maritimesc.org

Financial health

Is it on solid ground?

Surplus margin
+2%
revenue over expenses, this year▼ -0.5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$114K
FY2025▲ +64%
Total assets by fiscal year
FY2022$13K
FY2023$34K
FY2024$70K
FY2025$114K
Total liabilities
$0
FY2025
Total liabilities by fiscal year
FY2022$49
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$114K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$114K
Total liabilitiesLn 26$0
Total net assetsLn 32$114K
Months of cash on handcomputed0.5

Statement of Revenue

Part VIII
Program service revenue100%$2.6M
Total revenueLn 12$2.6M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $2.6M
0.5 months
Where the money goes
Program services
Program services — · Total expenses $2.6M
—
Management & General
Management & general — · Total expenses $2.6M
—
Fundraising
Fundraising — · Total expenses $2.6M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $2.6M
0%
Government reliance
Government grants — · Total revenue $2.6M
—
Earned-income share
Program service revenue $2.6M · Total revenue $2.6M
100%
Investment reliance
Investment income $0 · Total revenue $2.6M
0%
Program self-sufficiency
Program service revenue $2.6M · Total expenses $2.6M
102%
Growth & trend
Revenue growth (YoY)
This year $2.6M · Prior year $2.1M
+24%
Net-asset trend (YoY)
End of year $114K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.6M · Expenses $2.6M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $114K
—
Net-asset ratio
Net assets $114K · Total assets $114K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $114K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Cameron · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $2.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.6M
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 24%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers group health insurance and other welfare benefits to members.

Provided by the organization

This section is blank until Masc Group Ins Tr claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

Beginning january 1, 2021, the maritime association of south carolina group insurance trust (the trust) began providing group health insurance and other welfare benefits to the employees of the maritime association of south carolina (masc) member employers by issuance of one or more fully insured insurance POLICIES.THE trust program is…

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $2.6M$2.6M+24% 990 PDF
FY2024 $2.1M$2.1M+83% 990 PDF
FY2023 $1.2M$1.1M+57% 990 PDF
FY2022 $740K$736K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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