South Carolina Captive Insurance Association Inc
EIN: 571104208 · Columbia, SC · NTEE: Y20
| Metric | Value |
|---|---|
| Total Revenue | $259K |
| Total Expenses | $200K |
| Net Assets | $494K |
Is South Carolina Captive Insurance Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Carolina Captive Insurance Association Inc
South Carolina Captive Insurance Association Inc (EIN: 571104208) is a nonprofit organization based in Columbia, SC, classified under NTEE code Y20. The organization reported total revenue of $259K and total assets of $434K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Captive Insurance Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Captive Insurance Association Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $200K |
| Surplus / Deficit | +$68K |
| Total Assets | $499K |
| Total Liabilities | $5K |
| Net Assets | $494K |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2023, South Carolina Captive Insurance Association Inc reported a surplus of $68K with revenue exceeding expenses, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Carolina Captive Insurance Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.1% | +9.2% | +16.3% |
| 2022 | +3.0% | +21.8% | +5.5% |
| 2021 | +141.3% | +27.5% | +18.6% |
| 2020 | -63.7% | -36.2% | -13.5% |
| 2019 | -12.2% | -17.9% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Carolina Captive Insurance Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Carolina Captive Insurance Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about South Carolina Captive Insurance Association Inc
Is South Carolina Captive Insurance Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Captive Insurance Association Inc (EIN: 571104208) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Carolina Captive Insurance Association Inc spend its money?
Detailed spending breakdown data is not yet available for South Carolina Captive Insurance Association Inc. Check back for updated IRS 990 analysis.
Are donations to South Carolina Captive Insurance Association Inc tax-deductible?
South Carolina Captive Insurance Association Inc is registered as a tax-exempt nonprofit (EIN: 571104208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Carolina Captive Insurance Association Inc located?
South Carolina Captive Insurance Association Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 571104208. It is classified under NTEE code Y20.
How many years of IRS 990 filings does South Carolina Captive Insurance Association Inc have?
South Carolina Captive Insurance Association Inc has 13 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 $259K in total revenue.
Filing History
IRS 990 filing history for South Carolina Captive Insurance Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Carolina Captive Insurance Association Inc's revenue has grown by 17.1%, moving from $229K to $269K. Total assets increased by 266.1% over the same period, from $136K to $499K. Total functional expenses rose by 6.2%, from $189K to $200K. In its most recent filing year (2023), South Carolina Captive Insurance Association Inc reported a surplus of $68K, with revenue exceeding expenses. The organization holds $5K in liabilities against $499K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $494K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $200K | $499K | $5K | — | View 990 |
| 2022 | $213K | $183K | $429K | $3K | — | View 990 |
| 2021 | $207K | $151K | $407K | $11K | — | View 990 |
| 2020 | $86K | $118K | $343K | $3K | — | — |
| 2019 | $236K | $185K | $397K | $24K | — | View 990 |
| 2018 | $269K | $226K | $362K | $40K | — | View 990 |
| 2017 | $275K | $224K | $343K | $65K | — | View 990 |
| 2016 | $253K | $227K | $243K | $15K | — | View 990 |
| 2015 | $239K | $215K | $216K | $14K | — | View 990 |
| 2014 | $199K | $208K | $181K | $3K | — | View 990 |
| 2013 | $238K | $189K | $187K | $2K | — | View 990 |
| 2012 | $204K | $172K | $148K | $12K | — | View 990 |
| 2011 | $229K | $189K | $136K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $200K, and assets of $499K (revenue +26.1% year-over-year).
- 2022: Revenue of $213K, expenses of $183K, and assets of $429K (revenue +3.0% year-over-year).
- 2021: Revenue of $207K, expenses of $151K, and assets of $407K (revenue +141.3% year-over-year).
- 2020: Revenue of $86K, expenses of $118K, and assets of $343K (revenue -63.7% year-over-year).
- 2019: Revenue of $236K, expenses of $185K, and assets of $397K (revenue -12.2% year-over-year).
- 2018: Revenue of $269K, expenses of $226K, and assets of $362K (revenue -2.0% year-over-year).
- 2017: Revenue of $275K, expenses of $224K, and assets of $343K (revenue +8.6% year-over-year).
- 2016: Revenue of $253K, expenses of $227K, and assets of $243K (revenue +5.9% year-over-year).
- 2015: Revenue of $239K, expenses of $215K, and assets of $216K (revenue +19.8% year-over-year).
- 2014: Revenue of $199K, expenses of $208K, and assets of $181K (revenue -16.3% year-over-year).
- 2013: Revenue of $238K, expenses of $189K, and assets of $187K (revenue +17.0% year-over-year).
- 2012: Revenue of $204K, expenses of $172K, and assets of $148K (revenue -11.1% year-over-year).
- 2011: Revenue of $229K, expenses of $189K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Captive Insurance Association Inc:
Data Sources and Methodology
This transparency report for South Carolina 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.