Civic Intelligence

Delaware Captive Insurance Association

EIN 20-3619639 • 501(c)6 • Simpsonville, SC

Profile

To promote the formation of captive insurance companies in Delaware.

103 N Maple StreetSimpsonville, SC 29681

www.delawarecaptive.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.04x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

0.26x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

15th percentile

-34%

Higher net margin than 15% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

30th percentile

-16%

Faster asset growth than 30% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-65%

Faster revenue growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$94,039

Down $18,143 (-16%) from 2024

Liabilities

Down

$3,952

Down $12,986 (-77%) from 2024

Net Assets

Down

$90,087

Down $5,157 (-5.4%) from 2024

Operations
Liabilities / Revenue87th percentileNet Margin15th percentile

Revenue

Down

$15,350

Down $27,890 (-65%) from 2024

Expenses

Down

$20,507

Down $21,213 (-51%) from 2024

Net Income

Down

-$5,157

Down $6,677 (-439%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2009: $7,054Liabilities 2009: $13,1592009Assets 2010: $4,291Liabilities 2010: $4,5952010Assets 2011: $69,022Liabilities 2011: $27,2042011Assets 2012: $97,598Liabilities 2012: $27,0112012Assets 2013: $118,857Liabilities 2013: $17,277Net Assets 2013: $101,5802013Assets 2014: $155,670Liabilities 2014: $27,850Net Assets 2014: $127,8202014Assets 2015: $156,985Liabilities 2015: $7,5882015Assets 2016: $128,303Liabilities 2016: $5,0032016Assets 2017: $126,994Liabilities 2017: $4,7412017Assets 2018: $122,169Liabilities 2018: $6,3752018Assets 2019: $123,834Liabilities 2019: $11,3132019Assets 2020: $117,342Liabilities 2020: $1,8942020Assets 2021: $142,908Liabilities 2021: $14,977Net Assets 2021: $127,9312021Assets 2022: $123,805Liabilities 2022: $16,438Net Assets 2022: $107,3672022Assets 2023: $109,750Liabilities 2023: $15,052Net Assets 2023: $94,6982023Assets 2024: $112,182Liabilities 2024: $16,938Net Assets 2024: $95,2442024Assets 2025: $94,039Liabilities 2025: $3,952Net Assets 2025: $90,0872025

Highlighted filing

2025

Assets$94,039
Liabilities$3,952
Net Assets$90,087
Open 2025 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2009: $82,910Expenses 2009: $91,153Net Income 2009: -$8,2432009Revenue 2010: $34,112Expenses 2010: $28,310Net Income 2010: $5,8022010Revenue 2011: $87,983Expenses 2011: $39,235Net Income 2011: $48,7482011Revenue 2012: $125,162Expenses 2012: $96,392Net Income 2012: $28,7702012Revenue 2013: $221,232Expenses 2013: $190,238Net Income 2013: $30,9942013Revenue 2014: $286,434Expenses 2014: $260,195Net Income 2014: $26,2392014Revenue 2015: $153,117Expenses 2015: $131,540Net Income 2015: $21,5772015Revenue 2016: $77,075Expenses 2016: $103,172Net Income 2016: -$26,0972016Revenue 2017: $64,765Expenses 2017: $65,812Net Income 2017: -$1,0472017Revenue 2018: $64,317Expenses 2018: $70,776Net Income 2018: -$6,4592018Revenue 2019: $62,335Expenses 2019: $65,608Net Income 2019: -$3,2732019Revenue 2020: $31,375Expenses 2020: $28,448Net Income 2020: $2,9272020Revenue 2021: $49,055Expenses 2021: $36,572Net Income 2021: $12,4832021Revenue 2022: $45,130Expenses 2022: $65,694Net Income 2022: -$20,5642022Revenue 2023: $40,240Expenses 2023: $52,909Net Income 2023: -$12,6692023Revenue 2024: $43,240Expenses 2024: $41,720Net Income 2024: $1,5202024Revenue 2025: $15,350Expenses 2025: $20,507Net Income 2025: -$5,1572025

Highlighted filing

2025

Revenue$15,350
Expenses$20,507
Net Income-$5,157
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,039
Liabilities
$3,952
Net assets
$90,087
Revenue
$15,350
Expenses
$20,507
Net income
-$5,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.94$0.04$0.90$0.15$0.21$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.17$0.95$0.43$0.42$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.15$0.95$0.40$0.53$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.16$1.07$0.45$0.66$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.15$1.28$0.49$0.37$0.12
2020Summary only. Only limited summary data is available for this year.$1.17$0.02$0.31$0.28$0.03
2019Summary only. Only limited summary data is available for this year.$1.24$0.11$0.62$0.66$0.03
2018Summary only. Only limited summary data is available for this year.$1.22$0.06$0.64$0.71$0.06
2017Summary only. Only limited summary data is available for this year.$1.27$0.05$0.65$0.66$0.01
2016Summary only. Only limited summary data is available for this year.$1.28$0.05$0.77$1.03$0.26
2015Summary only. Only limited summary data is available for this year.$1.57$0.08$1.53$1.32$0.22
2014Summary only. Only limited summary data is available for this year.$1.56$0.28$1.28$2.86$2.60$0.26
2013Summary only. Only limited summary data is available for this year.$1.19$0.17$1.02$2.21$1.90$0.31
2012Summary only. Only limited summary data is available for this year.$0.98$0.27$1.25$0.96$0.29
2011Summary only. Only limited summary data is available for this year.$0.69$0.27$0.88$0.39$0.49
2010Summary only. Only limited summary data is available for this year.$0.04$0.05$0.34$0.28$0.06
2009Summary only. Only limited summary data is available for this year.$0.07$0.13$0.83$0.91$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Mar 12, 2026
Return Version
2024v5.0
Gross Receipts
$15,350
Mission and Program Overview

Mission

To promote the formation of captive insurance companies in Delaware.

Program Services

DescriptionGrantsExpenses
N/A for 501c 6.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TeichmanPresident-$0--
Patrick TheriaultVice President-$0--
Jamie HarrisTreasurer-$0--
Andrew RennickCorporate Secretary-$0--
Peter CavanaughDirector-$0--
Brian JohnsonDirector-$0--
Joanne ShaverDirector-$0--
Edward LittleDirector-$0--
Debra GagliotiDirector-$0--
Filing and Contact Details

Filer

Filer Name
Delaware Captive Insurance Association
EIN
20-3619639
Phone
8884137388
Address
103 N Maple Street, Simpsonville, SC 29681

Signing Officer

Name
Michael Teichman
Title
President
Phone
3036918533
Signed
2026-03-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Board of Directors Expenses;19|General Operations Expenses;7481|Membership Expenses;5526^Total;13026^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Accounts Payable;3952^Total;3952^”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Delaware Captive Insurance Association
IRS990EZ/BooksInCareOfDetail/PhoneNum08884137388
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0103 N Maple Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Simpsonville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029681
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0108176
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt094039
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-5157
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07335
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0112182
IRS990EZ/Form990TotalAssetsGrp/EOYAmt094039
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt015350
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt015350
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt095244
IRS990EZ/NetAssetsOrFundBalancesEOYAmt090087
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt095244
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt090087
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Michael Teichman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Patrick Theriault
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jamie Harris
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Andrew Rennick
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Peter Cavanaugh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Brian Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Joanne Shaver
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Edward Little
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Debra Gaglioti
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Corporate Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04006
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt013026
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To promote the formation of captive insurance companies in Delaware.
IRS990EZ/PrintingPublicationsPostageAmt0146
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0N/A for 501c 6.
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt016938
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03952
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt020507
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt015350
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0www.delawarecaptive.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Board of Directors Expenses;19|General Operations Expenses;7481|Membership Expenses;5526^Total;13026^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Accounts Payable;3952^Total;3952^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Teichman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03036918533
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELAWARE CAPTIVE INSURANCE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0DELA
ReturnHeader/Filer/EIN0203619639
ReturnHeader/Filer/PhoneNum08884137388
ReturnHeader/Filer/USAddress/AddressLine1Txt0103 N Maple Street
ReturnHeader/Filer/USAddress/CityNm0Simpsonville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029681
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02026-03-12T16:22:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-11-01
ReturnHeader/TaxPeriodEndDt02025-10-31
ReturnHeader/TaxYr02024

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