Clark Mutual Insurance Company

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

EIN: 430266040 ✦ Kahoka, MO ✦ Designated as a 501(c)(15)

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Overview

What is Clark Mutual Insurance Company?

Clark Mutual Insurance Company is a modest organization, located in Kahoka, Missouri. With a focus on customer satisfaction, they offer competitive insurance policies for both farm and residential properties. The company prides itself on delivering exceptional service across all aspects of underwriting, claim handling, and policy issuance. Their team, comprising just two dedicated individuals, is committed to ensuring their customers receive the best possible coverage.

Is Clark Mutual Insurance Company legitimate?

Clark Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Clark 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: $78,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,098

For more financial information, click here

What is the mission statement of Clark Mutual Insurance Company?

Clark Mutual Insurance Company's mission is centered around providing insurance coverage for both farm and residential properties at competitive prices. They are committed to delivering exceptional customer service in all aspects of their operations, including underwriting, claims, and policy issuance. This commitment to customer service is a key part of their business philosophy, ensuring that their clients receive the best possible service throughout their interaction with the company.

Who is the CEO of Clark Mutual Insurance Company?

Amanda Ross is the Sec/Treas/Di of Clark Mutual Insurance Company.

What is the revenue of Clark Mutual Insurance Company?

Clark Mutual Insurance Company's revenue in 2022 was $384,650.

Who are the executives of Clark Mutual Insurance Company and what are their salaries?

The average compensation at Clark Mutual Insurance Company during 2022 was $55,210. There are 2 employees at Clark Mutual Insurance Company.


Here are 7 key members and their salaries:


Amanda Ross (Sec/Treas/Di)
  • Compensation: $9,300
  • Related: $0
  • Other: $67,272
Lee Suter (President)
  • Compensation: $350
  • Related: $0
  • Other: $0
John D Huffman (Asst Sec/Tre)
  • Compensation: $300
  • Related: $0
  • Other: $0
Gilbert Kattlemann (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0
Curtis Mack (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0
Edwin Riney (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0
Gene Phillips (Vice Preside)
  • Compensation: $200
  • Related: $0
  • Other: $0
Where can I find the form 990 for Clark Mutual Insurance Company?

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

Mission Statement of Clark Mutual Insurance Company

Clark Mutual Insurance Company is dedicated to its mission of providing insurance coverage for both farm and residential properties at a competitive price. Beyond offering affordable insurance, the company prides itself on delivering exceptional customer service across all aspects of its business operations, including underwriting, claims, and policy issuance. In essence, Clark Mutual Insurance Company strives to protect its customers' properties while ensuring a seamless and satisfactory experience throughout the insurance journey.

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Impact




October, 2024

Clark Mutual Insurance Company plays a vital role in providing property insurance to residents and farmers in Kahoka, MO. By offering competitive pricing on insurance for both farm and residential properties, the company ensures that its customers can protect their assets effectively without overextending their budgets.

In addition to affordability, Clark Mutual prioritizes superior customer service throughout the entire insurance process, from underwriting to claims management and policy issuance. This dedication not only enhances customer satisfaction but also fosters trust and reliability within the community. As a mutual benefit organization, Clark Mutual Insurance Company focuses on the collective interests of its policyholders, ensuring that the needs of its customers are met with great care and attention.




This information is meant to be a general summary of Clark 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
$384,650 (2022)
Expenses
$273,857 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $33,962
  • Program Service Revenue: $345,826
  • Gross Receipts: $384,650

Assets and Liabilities:

  • Total Assets: $1,950,137
  • Total Liabilities: $209,187
  • Net Assets: $1,740,950

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Programs

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

PREMIUM REVENUE

Revenue

$364,531

CHANGE IN UNEARNED PREMIUM

Revenue

-$18,705

Organization Details

Founding Year

1881

Principal Officer

Amanda Ross

Main Address

PO BOX 3, KAHOKA, MO, 63445

NTEE Category

Code: Y20 - Mutual benefit

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