NonprofitsDelaware Insurance Guaranty Association

Delaware Insurance Guaranty Association

NEWARK, DE

Total revenue

$2.1M

Total expenses

$2.2M

Net assets

$11.9M

Grants received

EIN

237322105

Tax year

2024

Mission

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

Programs

2 programs

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.

Grants: $600K

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.3M
Investment income$608K
Other revenue$212K
Total revenue$2.1M

Expenses

Grants paid$600K
Salaries & benefits$477K
Fundraising
Other expenses$256K
Total expenses$2.2M
Total assets$27.4M
Net assets$11.9M

People

10 listed

NameRoleCompensation

BARRY R MILLER

EXECUTIVE DIRECTOR

Board

$223K

37.5 hrs/wk

COURTNEY THOMAS

SECRETARY

Board

1 hrs/wk

JAYNINE WARNER

VICE CHAIR

Board

1 hrs/wk

MELISSA WHEELER

DIRECTOR

Board

1 hrs/wk

MAUREEN ORTEGA

DIRECTOR

Board

1 hrs/wk

MICHAEL RUSSELL

DIRECTOR

Board

1 hrs/wk

RICHARD M RITTER

CHAIR

Board

1 hrs/wk

STEVEN HARRIS

TREASURER

Board

1 hrs/wk

TINNA QUIGLEY

DIRECTOR

Board

1 hrs/wk

LAURIE G KUIPER

DIRECTOR

Board

1 hrs/wk

Details

EIN237322105
Subsection06
Ruling date1974-04
Formed1970
Employees0
Volunteers9
DELAWARE INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo