Thompson & Guilford Mutual Insurance Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366110284 ✦ Scales mound, IL ✦ Designated as a 501(c)(15)

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Overview

What is Thompson & Guilford Mutual Insurance Company?

Thompson & Guilford Mutual Insurance Company is a mutual insurance company, as indicated by its activity or mission description. The specific nature of their operations and services are not provided in the given information. The description mentions that the user has reached their limit of profile views for the month and encourages creating a free account for access to more details. Therefore, based on the available information, it is not possible to provide a comprehensive summary of Thompson & Guilford Mutual Insurance Company's mission, activities, or impact.

Is Thompson & Guilford Mutual Insurance Company legitimate?

Thompson & Guilford Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Thompson & Guilford Mutual Insurance Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $64,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Thompson & Guilford Mutual Insurance Company?

Thompson & Guilford Mutual Insurance Company operates with a mutual insurance mission. Their primary objective is to provide insurance services, operating as a mutual entity. The company is focused on delivering protection and peace of mind to its clients, acting in their best interest as a mutual organization. However, the provided data does not contain specific details about the company's goals, objectives, or additional services beyond being a mutual insurance company.

Who is the CEO of Thompson & Guilford Mutual Insurance Company?

Joel Holland is the Secretary/Manager of Thompson & Guilford Mutual Insurance Company.

What is the revenue of Thompson & Guilford Mutual Insurance Company?

Thompson & Guilford Mutual Insurance Company's revenue in 2022 was $587,195.

Who are the executives of Thompson & Guilford Mutual Insurance Company and what are their salaries?


Here are 10 key members and their salaries:


Steve Stadel (Secretary/Manager)
  • Compensation: $60,000
  • Related: $0
  • Other: $0
Joel Holland (President)
  • Compensation: $600
  • Related: $0
  • Other: $0
Zeke Winders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Heller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Redington (Directror)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Webster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Holland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Doland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Hammer (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Distler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Thompson & Guilford Mutual Insurance Company?

Thompson & Guilford Mutual Insurance Company's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Thompson & Guilford Mutual Insurance Company

Thompson & Guilford Mutual Insurance Company is a mutual insurance company, dedicated to its mission. In simpler terms, this organization operates as a mutual insurance provider, implying that it is owned and controlled by its policyholders. The company does not provide specific information about its mission, but as a mutual insurance company, its primary goal is to provide insurance services to its members, ensuring financial protection and peace of mind. It operates based on the principle of shared risk, where policyholders contribute to a common fund to cover potential losses. This mutual structure allows the company to cater to its members' insurance needs while ensuring their active participation and involvement in its operations.

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Impact




October, 2024

Thompson & Guilford Mutual Insurance Company plays a significant role in the community by providing mutual insurance coverage that emphasizes collective benefit and support. Located in Scales Mound, Illinois, the company focuses on offering accessible insurance solutions to its members, ensuring they have protection against various risks. Through their operations, they foster a sense of community and cooperation, as the mutual model allows policyholders to participate in the decision-making process and share in the company's successes. Their mission is centered around serving the needs of their members, reinforcing the importance of mutual assistance and trust within the insurance landscape.




This information is meant to be a general summary of Thompson & Guilford Mutual Insurance Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$587,195 (2022)
Expenses
$454,364 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,926
  • Program Service Revenue: $536,214
  • Gross Receipts: $587,195

Assets and Liabilities:

  • Total Assets: $1,472,179
  • Total Liabilities: $0
  • Net Assets: $1,472,179

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Premiums

Revenue

$536,214

Organization Details

Founding Year

1905

Principal Officer

Joel Holland

Main Address

310 Jackson St, Scales Mound, IL, 61075

NTEE Category

Code: Y20 - Mutual benefit

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