Texas Captive Insurance Association
EIN: 463405352 · Phoenix, AZ · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $110K |
| Net Assets | $30K |
Is Texas Captive Insurance Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Texas Captive Insurance Association
Texas Captive Insurance Association (EIN: 463405352) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code S41. The organization reported total revenue of $112K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texas Captive Insurance Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texas Captive Insurance Association is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $110K |
| Surplus / Deficit | $-3,547 |
| Total Assets | $70K |
| Total Liabilities | $40K |
| Net Assets | $30K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 57.6% |
| Months of Reserves | 7.6 months |
Financial Health Grade: C
In 2023, Texas Captive Insurance Association reported a deficit of $4K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 57.6% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Texas Captive Insurance Association's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | +7.8% | -3.8% |
| 2022 | +6.3% | +72.5% | -5.8% |
| 2021 | +106.5% | +46.6% | +17.2% |
| 2020 | -54.1% | -28.9% | -0.9% |
| 2019 | +11.0% | -6.7% | +81.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Texas Captive Insurance Association 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 Texas Captive Insurance Association 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.6%.
Frequently Asked Questions about Texas Captive Insurance Association
Is Texas Captive Insurance Association a legitimate charity?
Texas Captive Insurance Association (EIN: 463405352) is a registered tax-exempt nonprofit based in Arizona. It has 11 years of IRS 990 filings on record. Total revenue: $112K. No red flags identified. Financial health grade: C.
How does Texas Captive Insurance Association spend its money?
Texas Captive Insurance Association reported $112K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Texas Captive Insurance Association tax-deductible?
Texas Captive Insurance Association is registered as a tax-exempt nonprofit (EIN: 463405352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Texas Captive Insurance Association located?
Texas Captive Insurance Association is headquartered in Phoenix, Arizona and files with the IRS under EIN 463405352. It is classified under NTEE code S41.
How many years of IRS 990 filings does Texas Captive Insurance Association have?
Texas Captive Insurance Association has 11 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 $112K in total revenue.
Filing History
IRS 990 filing history for Texas Captive Insurance Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Texas Captive Insurance Association's revenue has grown by 211.1%, moving from $34K to $106K. Total assets increased by 276.9% over the same period, from $18K to $70K. Total functional expenses rose by 598.1%, from $16K to $110K. In its most recent filing year (2023), Texas Captive Insurance Association reported a deficit of $4K, with expenses exceeding revenue. The organization holds $40K in liabilities against $70K in assets (debt-to-asset ratio: 57.6%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $110K | $70K | $40K | — | View 990 |
| 2022 | $82K | $102K | $72K | $39K | — | — |
| 2021 | $78K | $59K | $77K | $24K | — | — |
| 2020 | $38K | $40K | $66K | $31K | — | View 990 |
| 2019 | $82K | $57K | $66K | $29K | — | View 990 |
| 2018 | $74K | $61K | $36K | $24K | — | View 990 |
| 2017 | $87K | $84K | $19K | $19K | — | View 990 |
| 2016 | $139K | $118K | $24K | $28K | — | View 990 |
| 2015 | $92K | $122K | $27K | $52K | — | View 990 |
| 2014 | $60K | $73K | $28K | $23K | — | View 990 |
| 2013 | $34K | $16K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $110K, and assets of $70K (revenue +29.3% year-over-year).
- 2022: Revenue of $82K, expenses of $102K, and assets of $72K (revenue +6.3% year-over-year).
- 2021: Revenue of $78K, expenses of $59K, and assets of $77K (revenue +106.5% year-over-year).
- 2020: Revenue of $38K, expenses of $40K, and assets of $66K (revenue -54.1% year-over-year).
- 2019: Revenue of $82K, expenses of $57K, and assets of $66K (revenue +11.0% year-over-year).
- 2018: Revenue of $74K, expenses of $61K, and assets of $36K (revenue -15.1% year-over-year).
- 2017: Revenue of $87K, expenses of $84K, and assets of $19K (revenue -37.4% year-over-year).
- 2016: Revenue of $139K, expenses of $118K, and assets of $24K (revenue +50.6% year-over-year).
- 2015: Revenue of $92K, expenses of $122K, and assets of $27K (revenue +54.2% year-over-year).
- 2014: Revenue of $60K, expenses of $73K, and assets of $28K (revenue +74.4% year-over-year).
- 2013: Revenue of $34K, expenses of $16K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texas Captive Insurance Association:
Data Sources and Methodology
This transparency report for Texas 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.