NonprofitsPhysician Insurance Plan Of Alabama Tr

Mutual & Membership Benefit

Physician Insurance Plan Of Alabama Tr

MONTGOMERY, AL

Total revenue

$17.0M

Total expenses

$16.8M

Net assets

$3.0M

Grants received

EIN

387124703

Tax year

2024

Mission

The sole purpose of the trust is to hold contributions to be applied to provide the health and welfare benefit options under the plan. The plan was adopted by the medical association of the state of alabama acting as a bona fide association of employers, for the benefit of its employer-members who may offer the fully-insured benefit options under the plan to their employees.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$16.3M
Investment income$206K
Other revenue$460K
Total revenue$17.0M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$451K
Total expenses$16.8M
Total assets$6.6M
Net assets$3.0M

People

4 listed

NameRoleCompensation

ANGELA BARENTINE

PLAN ADMINIS

Board

1 hrs/wk

DR ARTHUR BOYKIN

TRUSTEE

Board

1 hrs/wk

DR BRADLEY P KATZ

TRUSTEE

Board

1 hrs/wk

BOYD PUGH

TRUSTEE

Board

1 hrs/wk

Independent contractors

BCBS

INSURANCE

$886K

MEDICAL ASSOCIATION OF ALABAMA

ADMINISTRATION

$295K

HCC LIFE INSURANCE COMPANY

INSURANCE

$243K

Details

EIN387124703
NTEE codeY43
Subsection09
Ruling date2025-06
Formed2014
Employees0
PHYSICIAN INSURANCE PLAN OF ALABAMA TR — Mission, Financials & Grants Received | Grantivo