NC CAPTIVE INSURANCE ASSOCIATION

EIN: 461310027 Community Improvement

SOUTHERN PINES, NC

Total Revenue
$246,593
Total Expenses
$242,061
Total Assets
$104,699
Net Assets
$74,451
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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
2012
Legal Domicile
NC
Principal Officer
THOMAS L ADAMS
Phone
9106848379
Tax Period
2024-01-01 to 2024-12-31

NC CAPTIVE INSURANCE ASSOCIATION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

MAINTAIN PROFESSIONAL AND BEST PRACTICES IN THE CAPTIVE INSURANCE INDUSTRY THROUGH REPRESENTATION (THE ASSOCIATION WILL REPRESENT MEMBER COMPANIES AND AFFILIATES BEFORE FEDERAL AND STATE LEGISLATURES AND REGULATORS IN NORTH CAROLINA.), EDUCATION (THE ASSOCIATION WILL EDUCATE MEMBER ORGANIZATION STAFF AND THE PUBLIC AT LARGE ABOUT THE CAPTIVE INSURANCE INDUSTRY.), AND ADMINISTRATION OF THE NC CAPTIVE INSURANCE ASSOCIATION.

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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 $0
Program Service Revenue $245,322
Investment Income $1,271
Other Revenue $0
TOTAL REVENUE $246,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $242,061
TOTAL EXPENSES $242,061

Year-over-Year Comparison

2024 2023 Change
Revenue $246,593 $277,996 -0.1%
Expenses $242,061 $272,569 -0.1%
Net Income $4,532 $5,427 -0.2%
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
10
Independent Members
9
Employees
N/A
Volunteers
N/A

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
5
$124,730
Total Directors
10
$124,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS L ADAMS PRESIDENT & 20.00
Officer Director
$124,730 $0 $124,730
RON ADAMS CHAIR 2.00
Officer Director
$0 $0 $0
AOIFE TAYLOR VICE CHAIR 0.50
Officer Director
$0 $0 $0
SCOTT BAILEY TREASURER 0.50
Officer Director
$0 $0 $0
LEA RIDDLE SECRETARY 0.50
Officer Director
$0 $0 $0
SCOTT SYPHERS BOARD MEMBER 0.50
Director
$0 $0 $0
LEANE RAFALKO BOARD MEMBER 0.50
Director
$0 $0 $0
JORDAN MOSHER BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW RENNICK BOARD MEMBER 0.50
Director
$0 $0 $0
PAIGE BELL BOARD MEMBER 0.50
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
2025 No data No data No data No data
2024 $246,593 $242,061 $104,699 $4,532
2023 $277,996 $272,569 $91,948 $5,427
2022 $217,445 $209,706 $83,574 $7,739
2021 $213,405 $192,576 $83,991 $20,829
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