Delaware Captive Insurance Association Inc
Delaware Captive Insurance Association Inc faces recurring operational deficits despite stable asset base.
EIN: 203619639 · Simpsonville, SC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $53K |
| Program Spending | 70% |
| Net Assets | $95K |
| Transparency Score | 75/100 |
Is Delaware Captive Insurance Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Captive Insurance Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Delaware Captive Insurance Association Inc
Delaware Captive Insurance Association Inc (EIN: 203619639) is a nonprofit organization based in Simpsonville, SC, classified under NTEE code S41. The organization reported total revenue of $43K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Captive Insurance Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Captive Insurance Association Inc is a micro nonprofit that has been operating for 19 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $53K |
| Surplus / Deficit | $-12,669 |
| Total Assets | $110K |
| Total Liabilities | $15K |
| Net Assets | $95K |
| Operating Margin | -31.5% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Delaware Captive Insurance Association Inc reported a deficit of $13K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 15 years of filings (2009–2023), Delaware Captive Insurance Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | -19.5% | -11.4% |
| 2022 | -8.0% | +79.6% | -13.4% |
| 2021 | +56.4% | +28.6% | +21.8% |
| 2020 | -49.7% | -56.6% | -5.2% |
| 2019 | -3.1% | -7.3% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Captive Insurance Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Delaware Captive Insurance Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a positive sign for a small organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Delaware Captive Insurance Association Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $12,669 deficit in 202310, $20,564 deficit in 202210)
- Significant fluctuation in revenue over time (e.g., $286,434 in 201410 down to $40,240 in 202310)
Strengths
The following positive indicators were identified for Delaware Captive Insurance Association Inc:
- Consistent 0% officer compensation, indicating no executive pay from the organization
- Maintains a stable asset base relative to its size (e.g., $109,750 in assets in 202310)
- Long filing history (15 filings) suggests consistent compliance and transparency
Frequently Asked Questions about Delaware Captive Insurance Association Inc
Is Delaware Captive Insurance Association Inc a legitimate charity?
Delaware Captive Insurance Association Inc (EIN: 203619639) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 15 years of IRS 990 filings on record. Total revenue: $43K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Delaware Captive Insurance Association Inc spend its money?
Delaware Captive Insurance Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Delaware Captive Insurance Association Inc tax-deductible?
Delaware Captive Insurance Association Inc is registered as a tax-exempt nonprofit (EIN: 203619639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Delaware Captive Insurance Association Inc's spending goes to programs?
Delaware Captive Insurance Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Delaware Captive Insurance Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Delaware Captive Insurance Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Delaware Captive Insurance Association Inc located?
Delaware Captive Insurance Association Inc is headquartered in Simpsonville, South Carolina and files with the IRS under EIN 203619639. It is classified under NTEE code S41.
How many years of IRS 990 filings does Delaware Captive Insurance Association Inc have?
Delaware Captive Insurance Association Inc has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $43K in total revenue.
What is the primary cause of the recurring operational deficits?
The filings show expenses frequently exceeding revenue, such as $52,909 in expenses against $40,240 in revenue in 202310. Understanding the specific expense categories driving these deficits would be crucial.
How does the organization plan to address its financial sustainability given the deficits?
With deficits in multiple recent years (e.g., 202310, 202210, 201810), the organization's strategy for achieving financial equilibrium or growth is not immediately apparent from the provided data.
What are the main program activities and how are they funded?
While the NTEE code S41 suggests a focus on business and industry, the specific program activities and how the reported expenses contribute to these programs are not detailed in the summary data.
Filing History
IRS 990 filing history for Delaware Captive Insurance Association Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Delaware Captive Insurance Association Inc's revenue has declined by 51.5%, moving from $83K to $40K. Total assets increased by 1455.9% over the same period, from $7K to $110K. Total functional expenses fell by 42%, from $91K to $53K. In its most recent filing year (2023), Delaware Captive Insurance Association Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $15K in liabilities against $110K in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $53K | $110K | $15K | — | View 990 |
| 2022 | $45K | $66K | $124K | $16K | — | View 990 |
| 2021 | $49K | $37K | $143K | $15K | — | — |
| 2020 | $31K | $28K | $117K | $2K | — | View 990 |
| 2019 | $62K | $66K | $124K | $11K | — | View 990 |
| 2018 | $64K | $71K | $122K | $6K | — | View 990 |
| 2017 | $65K | $66K | $127K | $5K | — | View 990 |
| 2016 | $77K | $103K | $128K | $5K | — | View 990 |
| 2015 | $153K | $132K | $157K | $8K | — | View 990 |
| 2014 | $286K | $260K | $156K | $28K | — | View 990 |
| 2013 | $221K | $190K | $119K | $17K | — | — |
| 2012 | $125K | $96K | $98K | $27K | — | View 990 |
| 2011 | $88K | $39K | $69K | $27K | — | View 990 |
| 2010 | $34K | $28K | $4K | $5K | — | View 990 |
| 2009 | $83K | $91K | $7K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $53K, and assets of $110K (revenue -10.8% year-over-year).
- 2022: Revenue of $45K, expenses of $66K, and assets of $124K (revenue -8.0% year-over-year).
- 2021: Revenue of $49K, expenses of $37K, and assets of $143K (revenue +56.4% year-over-year).
- 2020: Revenue of $31K, expenses of $28K, and assets of $117K (revenue -49.7% year-over-year).
- 2019: Revenue of $62K, expenses of $66K, and assets of $124K (revenue -3.1% year-over-year).
- 2018: Revenue of $64K, expenses of $71K, and assets of $122K (revenue -0.7% year-over-year).
- 2017: Revenue of $65K, expenses of $66K, and assets of $127K (revenue -16.0% year-over-year).
- 2016: Revenue of $77K, expenses of $103K, and assets of $128K (revenue -49.7% year-over-year).
- 2015: Revenue of $153K, expenses of $132K, and assets of $157K (revenue -46.5% year-over-year).
- 2014: Revenue of $286K, expenses of $260K, and assets of $156K (revenue +29.5% year-over-year).
- 2013: Revenue of $221K, expenses of $190K, and assets of $119K (revenue +76.8% year-over-year).
- 2012: Revenue of $125K, expenses of $96K, and assets of $98K (revenue +42.3% year-over-year).
- 2011: Revenue of $88K, expenses of $39K, and assets of $69K (revenue +157.9% year-over-year).
- 2010: Revenue of $34K, expenses of $28K, and assets of $4K (revenue -58.9% year-over-year).
- 2009: Revenue of $83K, expenses of $91K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Captive Insurance Association Inc:
Data Sources and Methodology
This transparency report for Delaware Captive Insurance Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.