CAPTIVE INSURANCE COMPANIES ASSOCIATION INC

EIN: 237179221

ST LOUIS PARK, MN

Total Revenue
$1,827,038
Total Expenses
$1,581,445
Total Assets
$2,681,999
Net Assets
$1,739,043
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
DE
Principal Officer
DAN TOWLE
Phone
9529284655
Tax Period
2024-01-01 to 2024-12-31

CAPTIVE INSURANCE COMPANIES ASSOCIATION INC, founded in 1973, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.

Mission

CICA'S MISSION IS TO BE THE PREMIER GLOBAL DOMICILE-NEUTRAL CAPTIVE INSURANCE ASSOCIATION AND TO BE THE BEST SOURCE OF UNBIASED INFORMATION, KNOWLEDGE, AND LEADERSHIP FOR CAPTIVE INSURANCE DECISION MAKERS. CICA COMMITS TO PROVIDING THE BEST NETWORKING, EDUCATION, AND ADVOCACY FOR THE CAPTIVE INSURANCE INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $434,000
Program Service Revenue $1,314,878
Investment Income $78,160
Other Revenue $0
TOTAL REVENUE $1,827,038

Expense Breakdown

Grants Paid $12,500
Salaries & Benefits $388,433
Fundraising Expenses $0
Program Expenses $1,079,267
Other Expenses $1,180,512
TOTAL EXPENSES $1,581,445

Year-over-Year Comparison

2024 2023 Change
Revenue $1,827,038 $1,496,137 +0.2%
Expenses $1,581,445 $1,350,977 +0.2%
Net Income $245,593 $145,160 +0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
20

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$373,790
Total Directors
13
$373,790
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL TOWLE PRESIDENT 40.00
Officer Director
$284,854 $88,936 $373,790
MARY MORIARTY CHAIR 1.00
Officer Director
$0 $0 $0
HEATHER MCCLURE VICE CHAIR 1.00
Officer Director
$0 $0 $0
PRABAL LAKHANPAL SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
NICK HENTGES IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
LAUREN THOMAS EXCUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
COURTNEY CLAFLIN BOARD MEMBER 1.00
Director
$0 $0 $0
COLIN DONOVAN BOARD MEMBER 1.00
Director
$0 $0 $0
DEYNA FENG BOARD MEMBER 1.00
Director
$0 $0 $0
UDO KAPPES BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID BEYER BOARD MEMBER 1.00
Director
$0 $0 $0
ANJANETTE FOWLER BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,827,038 $1,581,445 $2,681,999 $245,593
2023 $1,496,137 $1,350,977 $2,273,921 $145,160
2022 $1,171,269 $1,133,653 $1,909,650 $37,616
2021 $1,288,661 $972,708 $1,768,950 $315,953
2020 $980,770 $903,426 $1,432,108 $77,344
2019 $1,134,238 $1,113,828 $1,412,865 $20,410
2018 $1,047,659 $976,989 $1,301,670 $70,670
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