Nevada Captive Insurance Association
Nevada Captive Insurance Association reports zero revenue and assets in latest filing, indicating dormancy or cessation of operations.
EIN: 201512810 · N Las Vegas, NV · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $15K |
| Program Spending | 100% |
| Net Assets | $217K |
| Transparency Score | 60/100 |
Is Nevada Captive Insurance Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nevada Captive Insurance Association directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nevada Captive Insurance Association
Nevada Captive Insurance Association (EIN: 201512810) is a nonprofit organization based in N Las Vegas, NV, classified under NTEE code S41. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nevada Captive Insurance Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nevada Captive Insurance Association is a micro nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2010–2013). Revenue has grown at a compound annual rate of -43.0%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $15K |
| Surplus / Deficit | +$8K |
| Total Assets | $228K |
| Total Liabilities | $11K |
| Net Assets | $217K |
| Operating Margin | 32.8% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 177.5 months |
Financial Health Grade: A
In 2013, Nevada Captive Insurance Association reported a surplus of $8K with revenue exceeding expenses, holds 177.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 4 years of filings (2010–2013), Nevada Captive Insurance Association's revenue has declined at a compound annual growth rate (CAGR) of -43.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -72.0% | -82.2% | -0.8% |
| 2012 | -15.8% | -11.0% | -18.1% |
| 2011 | -21.7% | -0.3% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Nevada Captive Insurance Association with a Mission Score of 60 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Nevada Captive Insurance Association allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that officers are not compensated, which is a positive for a small organization's financial efficiency.
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 Nevada Captive Insurance Association's IRS 990 filings:
- Zero revenue and assets in the latest filing, suggesting dormancy or cessation of operations.
- Significant and consistent decline in revenue over reported periods (from $124,092 in 2010 to $0 in the latest filing).
Strengths
The following positive indicators were identified for Nevada Captive Insurance Association:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Frequently Asked Questions about Nevada Captive Insurance Association
Is Nevada Captive Insurance Association a legitimate charity?
Nevada Captive Insurance Association (EIN: 201512810) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 60/100. It has 4 years of IRS 990 filings on record. 2 red flags identified. 1 strength noted. Financial health grade: A.
How does Nevada Captive Insurance Association spend its money?
Nevada Captive Insurance Association directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Nevada Captive Insurance Association tax-deductible?
Nevada Captive Insurance Association is registered as a tax-exempt nonprofit (EIN: 201512810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nevada Captive Insurance Association compare to similar nonprofits?
With a transparency score of 60/100 (Good), Nevada Captive Insurance Association 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 Nevada Captive Insurance Association located?
Nevada Captive Insurance Association is headquartered in N Las Vegas, Nevada and files with the IRS under EIN 201512810. It is classified under NTEE code S41.
How many years of IRS 990 filings does Nevada Captive Insurance Association have?
Nevada Captive Insurance Association has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Nevada Captive Insurance Association currently active?
Based on the latest filing showing $0 revenue and $0 assets, the organization appears to be inactive or dormant.
What caused the significant decline in revenue from 2010 to 2013?
The provided data does not specify the reasons for the revenue decline, but it was a consistent trend from $124,092 in 2010 to $22,921 in 2013.
How does the organization operate with $0 revenue and assets?
An organization with $0 revenue and assets is likely not actively operating or has ceased its primary functions.
Filing History
IRS 990 filing history for Nevada Captive Insurance Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2010–2013), Nevada Captive Insurance Association's revenue has declined by 81.5%, moving from $124K to $23K. Total assets decreased by 5.6% over the same period, from $242K to $228K. Total functional expenses fell by 84.2%, from $98K to $15K. In its most recent filing year (2013), Nevada Captive Insurance Association reported a surplus of $8K, with revenue exceeding expenses. The organization holds $11K in liabilities against $228K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $217K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $23K | $15K | $228K | $11K | — | View 990 |
| 2012 | $82K | $87K | $230K | $20K | — | View 990 |
| 2011 | $97K | $97K | $281K | $66K | — | View 990 |
| 2010 | $124K | $98K | $242K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $23K, expenses of $15K, and assets of $228K (revenue -72.0% year-over-year).
- 2012: Revenue of $82K, expenses of $87K, and assets of $230K (revenue -15.8% year-over-year).
- 2011: Revenue of $97K, expenses of $97K, and assets of $281K (revenue -21.7% year-over-year).
- 2010: Revenue of $124K, expenses of $98K, and assets of $242K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nevada Captive Insurance Association:
Data Sources and Methodology
This transparency report for Nevada Captive Insurance Association 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.