Delaware Life And Health Insurance Guaranty Assn
Delaware Life And Health Insurance Guaranty Assn: Stable Assets, Minimal Program Spending
EIN: 222451259 · Newark, DE · Updated: 2026-04-04
Is Delaware Life And Health Insurance Guaranty Assn Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Delaware Life And Health Insurance Guaranty Assn
Delaware Life And Health Insurance Guaranty Assn (EIN: 222451259) is a nonprofit organization based in Newark, DE. The organization reported total revenue of $13.2M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Life And Health Insurance Guaranty Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Life And Health Insurance Guaranty Assn is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$224K |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 16.1% |
| Months of Reserves | 34.5 months |
Financial Health Grade: A
In 2023, Delaware Life And Health Insurance Guaranty Assn reported a surplus of $224K with revenue exceeding expenses, holds 34.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Delaware Life And Health Insurance Guaranty Assn's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +977.0% | +2.9% | +7.1% |
| 2022 | -72.3% | +35.0% | -24.9% |
| 2021 | +43.5% | +3.5% | -7.6% |
| 2020 | -47.7% | -2.3% | -9.7% |
| 2019 | -1.4% | -72.2% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
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 Life And Health Insurance Guaranty Assn with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 84%
- programs: 0%
- fundraising: 16%
According to IRS 990 filings, Delaware Life And Health Insurance Guaranty Assn allocates its expenses as follows: admin: 84%, programs: 0%, fundraising: 16%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $224K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a direct assessment difficult.
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 Life And Health Insurance Guaranty Assn's IRS 990 filings:
- Zero reported program service expenses across all available years, raising questions about direct charitable impact.
- Significant administrative expenses relative to total expenses (e.g., $1,165,417 in 2023 out of $1,389,192 total revenue).
- Lack of clear information on how the organization fulfills its mission beyond maintaining assets.
Strengths
The following positive indicators were identified for Delaware Life And Health Insurance Guaranty Assn:
- Consistent asset base, indicating financial stability (e.g., $5,483,608 in 2023).
- Maintains a reserve for potential future claims, fulfilling its guaranty association role.
- Low liabilities across all reported years, suggesting sound financial management.
Frequently Asked Questions about Delaware Life And Health Insurance Guaranty Assn
Is Delaware Life And Health Insurance Guaranty Assn a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware Life And Health Insurance Guaranty Assn (EIN: 222451259) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Delaware Life And Health Insurance Guaranty Assn spend its money?
Detailed spending breakdown data is not yet available for Delaware Life And Health Insurance Guaranty Assn. Check back for updated IRS 990 analysis.
Are donations to Delaware Life And Health Insurance Guaranty Assn tax-deductible?
Delaware Life And Health Insurance Guaranty Assn is registered as a tax-exempt nonprofit (EIN: 222451259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Delaware Life And Health Insurance Guaranty Assn do?
Delaware Life And Health Insurance Guaranty Assn is a nonprofit organization in the Unknown sector, located in Newark, Delaware. It is classified under NTEE code Unknown.
How much revenue does Delaware Life And Health Insurance Guaranty Assn have?
Delaware Life And Health Insurance Guaranty Assn reported total revenue of $13,158,703. Based on 13 IRS 990 filings on record.
What are Delaware Life And Health Insurance Guaranty Assn's total assets?
Delaware Life And Health Insurance Guaranty Assn holds total assets of $5,483,608 as reported in IRS 990 filings.
Where is Delaware Life And Health Insurance Guaranty Assn located?
Delaware Life And Health Insurance Guaranty Assn is based in Newark, Delaware.
What is Delaware Life And Health Insurance Guaranty Assn's EIN?
Delaware Life And Health Insurance Guaranty Assn's Employer Identification Number (EIN) is 222451259. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Delaware Life And Health Insurance Guaranty Assn?
Delaware Life And Health Insurance Guaranty Assn is classified under NTEE code Unknown (Unknown).
Is Delaware Life And Health Insurance Guaranty Assn a registered 501(c)(3)?
Delaware Life And Health Insurance Guaranty Assn appears in IRS records (EIN: 222451259). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Delaware Life And Health Insurance Guaranty Assn file IRS Form 990?
Yes, Delaware Life And Health Insurance Guaranty Assn has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Delaware Life And Health Insurance Guaranty Assn's revenue in 2023?
In the 202312 filing period, Delaware Life And Health Insurance Guaranty Assn reported total revenue of $1,389,192, total expenses of $1,165,417, and net assets of $3,354,569.
Is Delaware Life And Health Insurance Guaranty Assn's revenue growing or declining?
Delaware Life And Health Insurance Guaranty Assn's revenue is growing. Revenue went from $128,985 (202212) to $1,389,192 (202312), a +977.0% change. Based on 13 filings on record.
What is Delaware Life And Health Insurance Guaranty Assn's most recent 990 filing?
The most recent IRS Form 990 filing for Delaware Life And Health Insurance Guaranty Assn covers tax period 202312. It shows revenue of $1,389,192, expenses of $1,165,417, total assets of $3,354,569, and liabilities of N/A.
Is Delaware Life And Health Insurance Guaranty Assn a trustworthy charity?
Based on AI analysis of IRS 990 data, Delaware Life And Health Insurance Guaranty Assn shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Delaware Life And Health Insurance Guaranty Assn?
The following concerns were identified: Zero reported program service expenses across all available years, raising questions about direct charitable impact.. Significant administrative expenses relative to total expenses (e.g., $1,165,417 in 2023 out of $1,389,192 total revenue).. Lack of clear information on how the organization fulfills its mission beyond maintaining assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Delaware Life And Health Insurance Guaranty Assn's strengths?
Positive indicators for Delaware Life And Health Insurance Guaranty Assn include: Consistent asset base, indicating financial stability (e.g., $5,483,608 in 2023).. Maintains a reserve for potential future claims, fulfilling its guaranty association role.. Low liabilities across all reported years, suggesting sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Delaware Life And Health Insurance Guaranty Assn compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a direct assessment difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the zero program service expenses, how does the Delaware Life And Health Insurance Guaranty Assn directly benefit the public or its beneficiaries?
The organization's benefit is indirect, acting as a safety net for policyholders in the event of an insurer's insolvency. Its 'program' is the maintenance of a fund and administrative readiness to fulfill this guaranty, rather than direct service delivery.
What is the primary driver of the organization's expenses if not programs?
The primary drivers are administrative and fundraising expenses. For example, in 2023, total expenses were $1,165,417, with no reported program expenses, indicating that operational overhead and fundraising efforts constitute the entirety of its spending.
Filing History
IRS 990 filing history for Delaware Life And Health Insurance Guaranty Assn showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware Life And Health Insurance Guaranty Assn's revenue has grown by 28.5%, moving from $1.1M to $1.4M. Total assets decreased by 32.9% over the same period, from $5.0M to $3.4M. Total functional expenses rose by 21.9%, from $956K to $1.2M. In its most recent filing year (2023), Delaware Life And Health Insurance Guaranty Assn reported a surplus of $224K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $3.4M | $0 | — | — |
| 2022 | $129K | $1.1M | $3.1M | $0 | — | View 990 |
| 2021 | $465K | $839K | $4.2M | $32K | — | View 990 |
| 2020 | $324K | $811K | $4.5M | $0 | — | — |
| 2019 | $619K | $830K | $5.0M | $0 | — | View 990 |
| 2018 | $628K | $3.0M | $5.2M | $0 | — | View 990 |
| 2017 | $4.1M | $1.5M | $7.6M | $0 | — | View 990 |
| 2016 | $481K | $899K | $5.0M | $0 | — | View 990 |
| 2015 | $475K | $820K | $5.4M | $0 | — | View 990 |
| 2014 | $281K | $690K | $5.8M | $0 | — | View 990 |
| 2013 | $4.8M | $3.3M | $6.2M | $0 | — | View 990 |
| 2012 | $926K | $1.3M | $4.6M | $0 | — | View 990 |
| 2011 | $1.1M | $956K | $5.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.2M, and assets of $3.4M (revenue +977.0% year-over-year).
- 2022: Revenue of $129K, expenses of $1.1M, and assets of $3.1M (revenue -72.3% year-over-year).
- 2021: Revenue of $465K, expenses of $839K, and assets of $4.2M (revenue +43.5% year-over-year).
- 2020: Revenue of $324K, expenses of $811K, and assets of $4.5M (revenue -47.7% year-over-year).
- 2019: Revenue of $619K, expenses of $830K, and assets of $5.0M (revenue -1.4% year-over-year).
- 2018: Revenue of $628K, expenses of $3.0M, and assets of $5.2M (revenue -84.6% year-over-year).
- 2017: Revenue of $4.1M, expenses of $1.5M, and assets of $7.6M (revenue +749.7% year-over-year).
- 2016: Revenue of $481K, expenses of $899K, and assets of $5.0M (revenue +1.2% year-over-year).
- 2015: Revenue of $475K, expenses of $820K, and assets of $5.4M (revenue +68.8% year-over-year).
- 2014: Revenue of $281K, expenses of $690K, and assets of $5.8M (revenue -94.2% year-over-year).
- 2013: Revenue of $4.8M, expenses of $3.3M, and assets of $6.2M (revenue +421.6% year-over-year).
- 2012: Revenue of $926K, expenses of $1.3M, and assets of $4.6M (revenue -14.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $956K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Life And Health Insurance Guaranty Assn:
Data Sources and Methodology
This transparency report for Delaware Life And Health Insurance Guaranty Assn 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.