Civic Intelligence

Delaware Insurance Guaranty Association

990 • Fiscal year 2012 • EIN 23-7322105

Jan 01, 2012 to Dec 31, 2012 • Filed on Jul 15, 2013

Organization ProfileNONE

View Organization Page

220 Continental Drive No 30919713
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.54x

Higher debt load relative to assets than 71% of similar nonprofits.

2012 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

37th percentile

2.6%

Faster asset growth than 37% of similar nonprofits.

2012 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$30,488,737

Up $783,355 (+2.6%) from 2011

Net Assets

Up

$14,168,832

Up $1,284,518 (+10.0%) from 2011

Liabilities

Down

$16,319,905

Down $501,163 (-3.0%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,952,297

Up $368,428 (+23%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$20M$0-$20MAssets 2011: $29,705,382Liabilities 2011: $16,821,068Net Assets 2011: $12,884,3142011Assets 2012: $30,488,737Liabilities 2012: $16,319,905Net Assets 2012: $14,168,8322012Assets 2013: $30,459,999Liabilities 2013: $33,171,247Net Assets 2013: -$2,711,2482013Assets 2014: $30,767,221Liabilities 2014: $30,303,672Net Assets 2014: $463,5492014Assets 2015: $29,901,004Liabilities 2015: $27,389,436Net Assets 2015: $2,511,5682015Assets 2016: $29,302,721Liabilities 2016: $28,859,798Net Assets 2016: $442,9232016Assets 2017: $29,898,457Liabilities 2017: $35,419,416Net Assets 2017: -$5,520,9592017Assets 2018: $30,460,700Liabilities 2018: $34,931,733Net Assets 2018: -$4,471,0332018Assets 2019: $30,767,385Liabilities 2019: $32,238,383Net Assets 2019: -$1,470,9982019Assets 2020: $31,414,404Liabilities 2020: $26,063,759Net Assets 2020: $5,350,6452020Assets 2021: $30,181,885Liabilities 2021: $25,652,653Net Assets 2021: $4,529,2322021Assets 2022: $27,933,767Liabilities 2022: $20,762,717Net Assets 2022: $7,171,0502022Assets 2023: $27,232,252Liabilities 2023: $18,405,779Net Assets 2023: $8,826,4732023Assets 2024: $27,353,508Liabilities 2024: $15,502,950Net Assets 2024: $11,850,5582024

Highlighted filing

2012

Assets$30,488,737
Liabilities$16,319,905
Net Assets$14,168,832
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,583,8692011Expenses 2012: $1,952,2972012Revenue 2013: $2,118,872Expenses 2013: $2,063,896Net Income 2013: $54,9762013Revenue 2014: $3,298,134Expenses 2014: $3,083,278Net Income 2014: $214,8562014Revenue 2015: $1,741,154Expenses 2015: $2,558,644Net Income 2015: -$817,4902015Revenue 2016: $1,754,175Expenses 2016: $2,359,520Net Income 2016: -$605,3452016Revenue 2017: $3,213,342Expenses 2017: $2,531,304Net Income 2017: $682,0382017Revenue 2018: $3,075,755Expenses 2018: $2,417,155Net Income 2018: $658,6002018Revenue 2019: $2,299,091Expenses 2019: $2,453,406Net Income 2019: -$154,3152019Revenue 2020: $2,356,382Expenses 2020: $1,884,301Net Income 2020: $472,0812020Revenue 2021: $1,199,460Expenses 2021: $1,917,972Net Income 2021: -$718,5122021Revenue 2022: $1,008,034Expenses 2022: $1,667,884Net Income 2022: -$659,8502022Revenue 2023: $710,629Expenses 2023: $2,630,891Net Income 2023: -$1,920,2622023Revenue 2024: $2,146,616Expenses 2024: $2,194,867Net Income 2024: -$48,2512024

Highlighted filing

2012

Revenue-
Expenses$1,952,297
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 15, 2013
Return Version
2012v2.1
Gross Receipts
$2,742,146
Mission and Program Overview

Mission

Payment of claims to policyholders or claimants of insolvent insurance companies per chapter 42 of the delaware insurance code.

Major Activities

Activity 2
Delaware insurance department-berg assessment is to provide funding for the solvency oversight of the member companies by the delaware insurance commissioner, per chapter 42 of the delaware insurance code,thereby minimizing the expense of the program listed in 4a.
Activity 3
Unearned premium refund claims paid to avoid financial loss to claimants or policyholders as a result of the insolvency of the insured per chapter 42 of the delaware insurance code.
Filing and Contact Details

Filer

EIN
23-7322105
Raw XML AppendixShowing 400 of 409 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.

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IRS990/Activity3/Description0UNEARNED PREMIUM REFUND CLAIMS PAID TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS AS A RESULT OF THE INSOLVENCY OF THE INSURED PER CHAPTER 42 OF THE DELAWARE INSURANCE CODE.
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IRS990/ActivityOrMissionDescription0PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. IT IS DIFFICULT TO PREDICT THE TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. BASED ON THE ASSOCIATION'S ASSESSMENT OF MANY FACTORS, INCLUDING PAST EXPERIENCE AND COMPLEX JUDGMENTS ABOUT FUTURE EVENTS, THE ASSOCIATION DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS TAX POSITIONS OVER THE NEXT 12 MONTHS.
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IRS990ScheduleD/OtherLiabilities/Description0CLAIMS LIABILITY
IRS990ScheduleD/OtherLiabilities/Description1CLAIMS EXPENSE LIABILITY
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THIS PAYMENT TO THE STATE OF DELAWARE DEPARTMENT OF INSURANCE IS REQUIRED PURSUANT TO CHAPTER 42 OF THE DELAWARE INSURANCE CODE.
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10841 SILVER LAKE BLVD
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IRS990ScheduleI/RecipientTable/IRCSection0STATE OF DE-DOI
IRS990ScheduleI/RecipientTable/PurposeOfGrant0FUNDING FOR SOLVENCY OVERSIGHT OF MEMBERS.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION RETAINS AN INDEPEDENT CONTRACTOR FOR ITS POSITION OF EXECUTIVE DIRECTOR, THIS PRACTICE IS NOT UNCOMMON FOR GUARANTY ASSOCIATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation1OUR MEMBERSHIP CONSISTS OF ALL LICENSED INSURERS IN THE STATE OF DELAWARE THAT WRITE ANY KIND OF INSURANCE TO WHICH CHAPTER 42 OF THE DELAWARE INSURANCE CODE APPLIES. MEMBERS HAVE SUCH RIGHTS AS PRESCRIBED IN CHAPTER 42 OF THE DELAWARE INSURANCE CODE.
IRS990ScheduleO/GeneralExplanation/Explanation2PER CHAPTER 42 OF THE DELAWARE INSURANCE CODE, "THE MEMBERS OF THE BOARD SHALL BE SELECTED BY MEMBER INSURERS SUBJECT TO THE APPROVAL OF THE COMMISSIONER".
IRS990ScheduleO/GeneralExplanation/Explanation3FOR THE PURPOSE OF ELECTING DIRECTORS AND TO TRANSACT ANY OTHER BUSINESS AT A MEETING OF MEMBER INSURERS, EACH MEMBER INSURER SHALL BE ALLOTTED VOTES BEARING THE SAME RATIO TO THE TOTAL NUMBER OF VOTES OF ALL MEMBER INSURERS AS THE NET DIRECT WRITTEN PREMIUMS (AS DEFINED IN THE ACT) OF THE MEMBER INSURER FOR THE PRECEDING CALENDER YEAR BEARS TO THE TOTAL NET DIRECT WRITTEN PREMIUMS FOR THE PRECEDING CALENDER YEAR OF ALL MEMBER INSURERS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FORM 990 IS COMPLETED BY THE ACCOUNTING FIRM RETAINED BY THE ASSOCIATION WITH INPUT FROM THE ASSOCIATION'S EXECUTIVE DIRECTOR AND CONTROLLER. ONCE A PRELIMINARY DRAFT OF THE 990 IS COMPLETED, IT IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS. ANY COMMENTS RECEIVED FROM THE BOARD OF DIRECTORS ARE THEN CONSIDERED; FINAL ADJUSTMENTS, IF NEEDED ARE MADE TO THE FORM 990 AND FILED.
IRS990ScheduleO/GeneralExplanation/Explanation5ANNUALLY EACH MEMBER OF THE BOARD OF DIRECTORS , THE ASSOCIATION'S AUDITORS, EXECUTIVE DIRECTOR, OUTSIDE COUNSEL, AND EMPLOYEES COMPLETE A CONFLICT OF INTEREST QUESTIONAIRE WHICH IS REVIEWED BY THE ASSOCIATION'S OUTSIDE COUNSEL, EXECUTIVE DIRECTOR, AND THE CHAIRMAN TO DETERMINE IF ANY CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND SET ANNUALLY BY THE BOARD OF DIRECTORS. THE COMPENSATION OF ANY HIGHLY COMPENSATED EMPLOYEE IS REVIEWED ANNUALLY BY THE EXECUTIVE DIRECTOR AS A PART OF THE EMPLOYEE'S ANNUAL PERFORMANCE REVIEW PROCESS. AS A PART OF THIS PROCESS THE EXECUTIVE DIRECTOR REGULARLY MONITORS COMPENSATION PRACTICES OF COMPARABLE ORGANIZATIONS. ANY INCREASE IN COMPENSATION FOR A HIGHLY COMPENSATED INDIVIDUAL MUST COME FROM THE MERIT INCREASE ALLOWANCE WHICH IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL BUDGET PROCESS FOR THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation7WHEN APPROPRIATE, DOCUMENTS WILL BE DELIVERED IN AN AGREED UPON MANNER UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation8THE EXECUTIVE DIRECTOR'S COMPENSATION INCLUDES REIMBURSED EXPENSES.
IRS990ScheduleO/GeneralExplanation/Explanation9ADJUSTMENT TO RESERVE FOR CLAIMS & CLAIMS EXPENSE 501,163.
IRS990ScheduleO/GeneralExplanation/Explanation10THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation11THE ASSOCIATION PREPARES ITS FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRACTICES RECOMMENDED BY THE ACCOUNTING ISSUES COMMITTEE OF THE NATIONAL CONFERENCE ON INSURANCE GUARANTY FUNDS, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART VII, SECTION A, QUESTION 1A, COLUMN D
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference10FORM 990, PART XII, LINE 2C
IRS990ScheduleO/GeneralExplanation/ReturnReference11FORM 990, PART XII, LINE 1
IRS990/ScheduleORequired01
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IRS990/TaxExemptBonds00
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IRS990/TermOrPermanentEndowments00
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IRS990/TheBooksAreInCareOf/AddressUS/City0NEWARK
IRS990/TheBooksAreInCareOf/AddressUS/State0DE
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode019713
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JOHN J FALKENBACH EXECUTIVE DIREC
IRS990/TheBooksAreInCareOf/TelephoneNumber03024563656
IRS990/TotalAssets/BOY029705382
IRS990/TotalAssetsBOY029705382
IRS990/TotalAssets/EOY030488737
IRS990/TotalAssetsEOY030488737
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear01952297
IRS990/TotalExpensesPriorYear01583869
IRS990/TotalFunctionalExpenses/Total01952297
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY016821068
IRS990/TotalLiabilitiesBOY016821068
IRS990/TotalLiabilities/EOY016319905
IRS990/TotalLiabilitiesEOY016319905
IRS990/TotalLiabNetAssetsFundBalances/BOY029705382
IRS990/TotalLiabNetAssetsFundBalances/EOY030488737
IRS990/TotalNbrEmployees04
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY012884314
IRS990/TotalNetAssetsFundBalances/EOY014168832
IRS990/TotalOtherCompensation032888
IRS990/TotalOtherRevenue01776539
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense01350541
IRS990/TotalProgramServiceRevenue0716750
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0202365
IRS990/TotalRevenueCurrentYear02742146
IRS990/TotalRevenue/ExclusionAmount0273857
IRS990/TotalRevenuePriorYear03476359
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02468289
IRS990/TotalRevenue/TotalRevenueColumn02742146
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/Travel/Total013296
IRS990/TypeOfOrganizationAssociation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0NONE
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01970
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0237322105
ReturnHeader/Filer/Name/BusinessNameLine10DELAWARE INSURANCE GUARANTY ASSOCIATION
ReturnHeader/Filer/NameControl0DELA
ReturnHeader/Filer/Phone03024563656
ReturnHeader/Filer/USAddress/AddressLine10220 CONTINENTAL DRIVE NO 309
ReturnHeader/Filer/USAddress/City0NEWARK
ReturnHeader/Filer/USAddress/State0DE
ReturnHeader/Filer/USAddress/ZIPCode019713
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-07-15
ReturnHeader/Officer/Name0JOHN J FALKENBACH
ReturnHeader/Officer/Phone03024563656
ReturnHeader/Officer/Title0EXECUTIVE DIRECTOR
ReturnHeader/PreparerFirm/EIN0231980475
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10KREISCHER MILLER
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10100 WITMER ROAD SUITE 350
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0HORSHAM

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$30,488,737
Liabilities
$16,319,905
Net assets
$14,168,832
Revenue
-
Expenses
$1,952,297
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$15.5$11.9$2.15$2.19$0.05
2023Detailed filing. Detailed filing data is available for this year.$27.2$18.4$8.83$0.71$2.63$1.92
2022Detailed filing. Detailed filing data is available for this year.$27.9$20.8$7.17$1.01$1.67$0.66
2021Detailed filing. Detailed filing data is available for this year.$30.2$25.7$4.53$1.20$1.92$0.72
2020Detailed filing. Detailed filing data is available for this year.$31.4$26.1$5.35$2.36$1.88$0.47
2019Detailed filing. Detailed filing data is available for this year.$30.8$32.2$1.47$2.30$2.45$0.15
2018Detailed filing. Detailed filing data is available for this year.$30.5$34.9$4.47$3.08$2.42$0.66
2017Detailed filing. Detailed filing data is available for this year.$29.9$35.4$5.52$3.21$2.53$0.68
2016Detailed filing. Detailed filing data is available for this year.$29.3$28.9$0.44$1.75$2.36$0.61
2015Detailed filing. Detailed filing data is available for this year.$29.9$27.4$2.51$1.74$2.56$0.82
2014Detailed filing. Detailed filing data is available for this year.$30.8$30.3$0.46$3.30$3.08$0.21
2013Detailed filing. Detailed filing data is available for this year.$30.5$33.2$2.71$2.12$2.06$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.5$16.3$14.2$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$16.8$12.9$1.58
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)6 • $25M-$50M nonprofits