Tennessee Captive Insurance Association

Organization Overview

Tennessee Captive Insurance Association is located in Hermitage, TN. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Captive Insurance Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Tennessee Captive Insurance Association generated $188.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $174.2k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TENNESSEE CAPTIVE INSURANCE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE THE GROWTH OF THE CAPTIVE INSURANCE INDUSTRY IN THE STATE OF TENNESSEE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL EVENTS: THE ORGANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP PRODUCE EDUCATIONAL EVENTS DESIGNED TO INFORM ATTENDEES ON HOW TO ESTABLISH AND OPERATE INSURANCE COMPANIES IN THE STATE OF TENNESSEE.


PROMOTION: THE ORANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP WILL PRODUCE AND DISTRIBUTE INFORMATION TO BUSINESS EXECUTIVES NATIONWIDE ENCOURAGING THEM TO CONSIDER ESTABLISHING CAPTIVE INSURANCE COMPANIES IN TENNESSEE.


LEGITSLATIVE/REGULATORY ADVOCACY: THE ORGANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP SHALL ADVOCATE FOR THE BUSINESS INTEREST OF ITS MEMBERS BEFORE THE TENNESSEE STATE LEGISLATURE AND STATE REGULATORY AGENCIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Doherty
Chairman/president/director
$0
Scott Stone
Treasurer/director
$0
Andy Rhea
Secretary/director
$0
Michael Corbett
Director
$0
David Dimayo
Director
$0
Mary Claire Goff
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$188,850
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $188,850

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