DELAWARE INSURANCE GUARANTY ASSOCIATION

Address
220 CONTINENTAL DRIVE NO 212
NEWARK, DE 19713
Contact
Phone: +1 (302) 456-3656
Nonprofit
NTEE: Y012 - Mutual/Membership benefit
EIN: 23-7322105

Mission

PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE DELAWARE INSURANCE CODE.
 20172016201520142013
Basic features of the organization
Year of formation1970
Subsection code06
PF filing required0    
Metropolitan statistical area6162
Form of organization
AssociationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$143,576.00$132,548.00$167,333.00$242,038.00$103,006.00
Sum of reportable (W2/1099) compensation$143,576.00$132,548.00$127,674.00$214,307.00$216,301.00
Number of employees44446
Number of people compensated >$100k11122
Number of volunteers90000
Number of highly compensated contractors00000
Personnel
Bonora, Patricia
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personPATRICIA J BONORAPATRICIA J BONORAPATRICIA J BONORAPATRICIA J BONORAPATRICIA J BONORA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Cochran, Bryan
Title   TREASURERTREASURER
Name of key/compensated person   BRYAN COCHRANBRYAN COCHRAN
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Falkenbach, John
Title   EXECUTIVE DIRECTOREXECUTIVE DIRECTOR
Name of key/compensated person   JOHN J FALKENBACHJOHN J FALKENBACH
Position of compensated person
Average hours per week working for org   14.0014.00
Reportable compensation from org   $103,405.00$103,006.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Fisher, Steve
Title   SECRETARYSECRETARY
Name of key/compensated person   STEVE FISHERSTEVE FISHER
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Gillentine, Jeffrey
TitleTREASURERTREASURERDIRECTOR  
Name of key/compensated personJEFFREY GILLENTINEJEFFREY GILLENTINEJEFFREY GILLENTINE  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kristiansen, Lars
TitleCHAIRMANCHAIRMANCHAIRMANCHAIRMANCHAIRMAN
Name of key/compensated personLARS KRISTIANSENLARS KRISTIANSENLARS KRISTIANSENLARS KRISTIANSENLARS KRISTIANSEN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lykins, Deana
TitleDIRECTOR    
Name of key/compensated personDEANA LYKINS    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Miller, Barry
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTORCONTROLLERCONTROLLER
Name of key/compensated personBARRY R MILLERBARRY R MILLERBARRY R MILLERBARRY M MILLERBARRY M MILLER
Position of compensated person
Average hours per week working for org37.5037.5037.5037.5037.50
Reportable compensation from org$143,576.00$132,548.00$127,674.00$110,902.00$113,295.00
Other comp, non-reportable, from org and related orgs$26,851.00$29,388.00$33,034.00$27,731.00$33,256.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Nowak, Tom
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personTOM NOWAKTOM NOWAKTOM NOWAK  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Patterson, Noel
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personNOEL PATTERSONNOEL PATTERSONNOEL PATTERSONNOEL PATTERSONNOEL PATTERSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rankin, Catherine
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personCATHERINE RANKINCATHERINE RANKINCATHERINE RANKIN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Ritter, Richard
TitleVICE CHAIRMANVICE CHAIRMANVICE CHAIRMANVICE CHAIRMANVICE CHAIRMAN
Name of key/compensated personRICHARD M RITTERRICHARD M RITTERRICHARD M RITTERRICHARD M RITTERRICHARD M RITTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sitrin, Sherman
Title   DIRECTORDIRECTOR
Name of key/compensated person   SHERMAN SITRIN ESQSHERMAN SITRIN ESQ
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Stine, Greg
Title  TREASURERDIRECTORDIRECTOR
Name of key/compensated person  GREG STINEGREG STINEGREG STINE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Warner, Jaynine
TitleSECRETARYSECRETARYSECRETARYDIRECTORDIRECTOR
Name of key/compensated personJAYNINE WARNERJAYNINE WARNERJAYNINE WARNERJAYNINE WARNERJAYNINE WARNER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.PAYMENT OF CLAIMS TO POLICYHOLDERS OR CLAIMANTS OF INSOLVENT INSURANCE COMPANIES PER CHAPTER 42 OF THE INSURANCE CODE.
Program service expenses, total$1,861,290.00$1,725,856.00$1,934,009.00$2,416,521.00$1,400,229.00
Programs, including revenue & expenses
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.
Program expenses$200,000.00$300,400.00$201,950.00$200,775.00$400,000.00
Program descriptionDELAWARE 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.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.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.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.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.
PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.
Program expenses$1,661,290.00$1,425,456.00$1,732,059.00$2,211,095.00$1,000,229.00
Program descriptionPAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES 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.
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.
Program expenses   $4,651.00$0.00
Program descriptionUNEARNED 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.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.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.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.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.
Financial data
Revenue
Total revenue$3,213,342.00$1,754,175.00$1,741,154.00$3,298,134.00$2,118,872.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$394,165.00$389,783.00$299,957.00$215,261.00$195,345.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$2,505,915.00$963,392.00$1,111,597.00$2,748,846.00$1,501,577.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$313,262.00$401,000.00$329,600.00$334,027.00$421,950.00
Gross receipts$36,442,201.00$48,371,580.00$1,741,154.00$3,298,134.00$2,118,872.00
Other types of revenue
Miscellaneous revenue (total)$2,505,915.00$963,392.00$1,111,597.00$2,748,846.00$1,501,577.00
Income from dividends, interest, and similar investments$380,734.00$374,986.00$291,481.00$215,261.00$195,345.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,531,304.00$2,359,520.00$2,558,644.00$3,083,278.00$2,063,896.00
Fees for services
Legal fees (total)$5,994.00$7,578.00$3,669.00$8,521.00$14,390.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$45,090.00$46,121.00$46,174.00$47,678.00$42,976.00
Assets and liabilities
Total assets$29,898,457.00$29,302,721.00$29,901,004.00$30,767,221.00$30,459,999.00
Total assets, beginning of year$29,302,721.00$29,901,004.00$30,767,221.00$30,459,999.00$30,488,737.00
Total liabilities$35,419,416.00$28,859,798.00$27,389,436.00$30,303,672.00$33,171,247.00
Total liabilities, beginning of year$28,859,798.00$27,389,436.00$30,303,672.00$33,171,247.00$16,319,905.00
Net assets-$5,520,959.00$442,923.00$2,511,568.00$463,549.00-$2,711,248.00
Net assets, beginning of year$442,923.00$2,511,568.00$463,549.00-$2,711,248.00$14,168,832.00
Other liabilities$35,419,416.00$28,859,798.00$27,389,436.00$30,303,672.00$33,171,247.00
Investments: other securities$29,436,039.00$29,125,023.00$29,607,767.00$30,203,238.00$30,408,658.00
Cash: non-interest bearing, beginning of year    $7,912.00
Other financial variables
Revenue less expenses$682,038.00-$605,345.00-$817,490.00$214,856.00$54,976.00
Savings & temp cash investment$450,418.00$176,198.00$292,837.00$556,383.00$47,466.00
Accounts receivable, net$12,000.00$1,500.00$400.00$7,600.00$3,875.00
Total net assets or fund balances-$5,520,959.00$442,923.00$2,511,568.00$463,549.00-$2,711,248.00
Governance and accountability
Number of voting members98999
Number of independent voting members98999
Financial sheets auditedTrueTrueTrueTrueTrue
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address changeTrue    
Date e-filing submitted2018-10-032017-10-112016-11-022015-08-042014-10-28
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.0
Filing identifier201811999349300716201722089349300632201631949349300928201502029349300120201422069349300512
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