Overview
What is Farmers Mutual Fire Insurance Company Of Pettis County Missouri?
Farmers Mutual Fire Insurance Company of Pettis County Missouri is a mutual insurance organization, headquartered in Sedalia, Missouri. Primarily serving the residents of Pettis County, this company offers property and casualty insurance coverage to its policyholders. To manage its risks, the company also reinsures its coverage through other insurance companies. Operating within the confines of its mission, Farmers Mutual Fire Insurance Company is dedicated to providing insurance solutions to its local community.
Is Farmers Mutual Fire Insurance Company Of Pettis County Missouri legitimate?
Farmers Mutual Fire Insurance Company Of Pettis County Missouri is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Fire Insurance Company Of Pettis County Missouri 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: $13,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,000
For more financial information, click here
What is the mission statement of Farmers Mutual Fire Insurance Company Of Pettis County Missouri?
The Farmers Mutual Fire Insurance Company of Pettis County Missouri primarily focuses on selling insurance to residents in Pettis County, Missouri. However, it's important to note that the company also reinsures its coverage through other insurance companies. In essence, its mission is to provide insurance solutions to its customers, with a focus on property and casualty coverage, while managing its financial risks through reinsurance arrangements. The company's activities are centered around offering insurance coverage to its policyholders, thereby protecting them from various risks.
Who is the CEO of Farmers Mutual Fire Insurance Company Of Pettis County Missouri?
John C Meehan is the President of Farmers Mutual Fire Insurance Company Of Pettis County Missouri.
What is the revenue of Farmers Mutual Fire Insurance Company Of Pettis County Missouri?
Farmers Mutual Fire Insurance Company Of Pettis County Missouri's revenue in 2022 was $319,986.
Who are the executives of Farmers Mutual Fire Insurance Company Of Pettis County Missouri and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $6,650
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,350
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $3,350
- Related: $0
- Other: $0
Where can I find the form 990 for Farmers Mutual Fire Insurance Company Of Pettis County Missouri?
Farmers Mutual Fire Insurance Company Of Pettis County Missouri's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Fire Insurance Company Of Pettis County Missouri
Farmers Mutual Fire Insurance Company of Pettis County Missouri, as a mutual insurance company, primarily serves the residents of Pettis County by selling insurance products. The organization's mission is centered around providing property and casualty insurance coverage to its policyholders. To mitigate financial risks, Farmers Mutual Fire Insurance Company reinsures a portion of its coverage through other insurance companies. By doing so, the company ensures a stable financial position, enabling it to fulfill its obligations to its policyholders effectively. The organization's main activity revolves around managing and covering the expenses associated with providing insurance services to its clientele.
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Impact
October, 2024
Farmers Mutual Fire Insurance Company of Pettis County, Missouri, plays a crucial role in providing property and casualty insurance coverage to residents of Pettis County. By offering insurance services tailored to the unique needs of the local community, the company helps protect individuals and families against financial losses arising from various risks.
Through its operations, the organization significantly contributes to the economic stability of the region by ensuring that residents have access to affordable insurance options. This fosters a sense of security among policyholders, enabling them to invest in their homes and businesses without the constant worry of unforeseen events. Furthermore, by reinsuring its coverage through other insurance companies, Farmers Mutual Fire Insurance Company enhances its financial stability and risk management, ensuring that it can meet the needs of its policyholders in times of crisis.
In addition to its primary services, the company's presence in Sedalia, Missouri, helps to bolster the local economy. The insurance services it provides not only support individual policyholders but also contribute to the broader community by promoting responsible risk management and enhancing overall resilience in the face of potential hazards. Ultimately, Farmers Mutual Fire Insurance Company serves as a vital resource for Pettis County residents, fostering community well-being and stability.
This information is meant to be a general summary of Farmers Mutual Fire Insurance Company Of Pettis County Missouri. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,022
- Program Service Revenue: $301,514
- Gross Receipts: $319,986
Assets and Liabilities:
- Total Assets: $683,573
- Total Liabilities: $9,159
- Net Assets: $674,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fire Insurance Premiums
Revenue
$88,984
Wind Insurance Premiums
Revenue
$187,020
Liability Insurance Premium
Revenue
$25,510
N/A
Organization Details
Founding Year
1894
Principal Officer
John C Meehan
Main Address
622 S OHIO PO BOX 188, SEDALIA, MO, 653020188
NTEE Category
Code: Y20 - Mutual benefit
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