Overview
What is Farmers Mutual Ins Co Of Daviess Ctymo?
Farmers Mutual Ins Co of Daviess Ctymo is a mutual insurance company situated in Gallatin, Missouri. Its primary role is to offer insurance protection against casualty losses to its member-policyholders and the broader community. The company's mission involves providing insurance services and achieving various accomplishments related to risk management. As a mutual organization, Farmers Mutual Ins Co of Daviess Ctymo prioritizes its policyholders' interests, ensuring they receive adequate coverage.
Is Farmers Mutual Ins Co Of Daviess Ctymo legitimate?
Farmers Mutual Ins Co Of Daviess Ctymo is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Ins Co Of Daviess Ctymo 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: $66,816
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,600
For more financial information, click here
What is the mission statement of Farmers Mutual Ins Co Of Daviess Ctymo?
Farmers Mutual Ins Co of Daviess Ctymo, as a mutual insurance company, is dedicated to providing protection against casualty losses. Its mission encompasses offering insurance services to its member-policyholders and striving for accomplishments related to insurance protection. The company's primary focus is on ensuring the well-being of its clients by providing them with appropriate insurance coverage. While the specifics of its operations are not provided, it is clear that Farmers Mutual Ins Co of Daviess Ctymo prioritizes the insurance needs of its clients as its central mission.
Who is the CEO of Farmers Mutual Ins Co Of Daviess Ctymo?
Kenneth Lockridge is the Secretary/Treasurer of Farmers Mutual Ins Co Of Daviess Ctymo.
What is the revenue of Farmers Mutual Ins Co Of Daviess Ctymo?
Farmers Mutual Ins Co Of Daviess Ctymo's revenue in 2022 was $399,698.
Who are the executives of Farmers Mutual Ins Co Of Daviess Ctymo and what are their salaries?
The average compensation at Farmers Mutual Ins Co Of Daviess Ctymo during 2022 was $36,472. There are 3 employees at Farmers Mutual Ins Co Of Daviess Ctymo.
Here are 7 key members and their salaries:
- Compensation: $57,816
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
Where can I find the form 990 for Farmers Mutual Ins Co Of Daviess Ctymo?
Farmers Mutual Ins Co Of Daviess Ctymo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Ins Co Of Daviess Ctymo
Farmers Mutual Ins Co of Daviess County Mo, as a mutual insurance company, is dedicated to its mission of providing protection against casualty losses. This mission extends beyond its member/policy holders, encompassing various achievements related to insurance protection. The company operates with the aim of safeguarding its clients from potential financial losses due to various casualties. By doing so, Farmers Mutual Ins Co of Daviess County Mo contributes to peace of mind and financial security for its policy holders.
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Impact
October, 2024
Farmers Mutual Insurance Company of Daviess County, Missouri, plays a crucial role in safeguarding the financial well-being of its members by offering protection against casualty losses. Located in Gallatin, MO, the company operates as a mutual insurance provider, meaning its policyholders are also its owners, aligning the interests of the organization with those it serves.
By delivering tailored insurance products, Farmers Mutual helps mitigate risks associated with property and casualty incidents, granting members peace of mind and coverage in times of need. This focus on member benefit fosters a strong sense of community and encourages mutual support among policyholders. The company’s efforts not only contribute to the financial security of individuals and families but also promote resilience within the broader local economy, as members can recover more swiftly from unexpected losses.
In essence, Farmers Mutual Insurance Company of Daviess County epitomizes the core values of mutual support, providing essential services that enhance the stability and safety of its community.
This information is meant to be a general summary of Farmers Mutual Ins Co Of Daviess Ctymo. 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: $29,809
- Program Service Revenue: $343,023
- Gross Receipts: $610,560
Assets and Liabilities:
- Total Assets: $1,869,048
- Total Liabilities: $1,284
- Net Assets: $1,867,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$346,678
REFUNDS TO POLICY HOLD
Revenue
-$3,655
Organization Details
Founding Year
1891
Phone
(660) 663-3514Principal Officer
Kenneth Lockridge
Main Address
PO BOX 72, GALLATIN, MO, 64640
NTEE Category
Code: Y20 - Mutual benefit
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