DELAWARE INSURANCE GUARANTY ASSOCIATION (EIN 237322105) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

BARRY MILLER

Phone

3024563656

Tax Period

2024-01-01 to 2024-12-31

DELAWARE INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 202% from the prior year, signaling strong growth momentum. Net assets of $11.9M represent 66 months of operating reserves.

Mission

PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,326,395

Investment Income $608,391

Other Revenue $211,830

TOTAL REVENUE $2,146,616

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $477,191

Fundraising Expenses $0

Other Expenses $256,099

TOTAL EXPENSES $2,194,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,146,616	$710,629	+2.0%
Expenses	$2,194,867	$2,630,891	-0.2%
Net Income	$-48,251	$-1,920,262	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$234,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAYNINE WARNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN ORTEGA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE G KUIPER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD M RITTER	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
TINNA QUIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
BARRY R MILLER	EXECUTIVE DIRECTOR	37.50	Officer	$223,002	$11,150	$234,152

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	$2,146,616	$2,194,867	$27,353,508	$-48,251
2023	$710,629	$2,630,891	$27,232,252	$-1,920,262
2022	$1,008,034	$1,667,884	$27,933,767	$-659,850
2021	$1,199,460	$1,917,972	$30,181,885	$-718,512
2020	$2,356,382	$1,884,301	$31,414,404	$472,081
2019	$2,299,091	$2,453,406	$30,767,385	$-154,315
2018	$3,075,755	$2,417,155	$30,460,700	$658,600

DELAWARE INSURANCE GUARANTY ASSOCIATION