Home Mutual Insurance Company

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

EIN: 450147325 ✦ Wahpeton, ND ✦ Designated as a 501(c)(15)

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Overview

What is Home Mutual Insurance Company?

Home Mutual Insurance Company is a dedicated organization focused on fulfilling the insurance needs of its customers while ensuring the company's financial stability. They achieve this by meticulously assessing the insurance requirements of their clients and offering coverage tailored to their needs and worth. The company's mission statement emphasizes its commitment to exceeding customer expectations and safeguarding the economic well-being of the organization.

Is Home Mutual Insurance Company legitimate?

Home Mutual Insurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. Home 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: $145,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,098

For more financial information, click here

What is the mission statement of Home Mutual Insurance Company?

Home Mutual Insurance Company's mission is centered around meeting and surpassing the insurance needs of its customers, all while preserving the financial stability of the company. They achieve this by meticulously assessing the requirements of their clients and providing insurance coverage that accurately reflects their needs. The company is dedicated to maintaining a balanced approach, ensuring the satisfaction of its customers while safeguarding its own economic security.

Who is the CEO of Home Mutual Insurance Company?

Francis Rubish is the President of Home Mutual Insurance Company.

What is the revenue of Home Mutual Insurance Company?

Home Mutual Insurance Company's revenue in 2022 was $388,944.

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

The average compensation at Home Mutual Insurance Company during 2022 was $60,251. There are 3 employees at Home Mutual Insurance Company.


Here are 6 key members and their salaries:


Dorothy Dockter (Secretary)
  • Compensation: $75,740
  • Related: $0
  • Other: $0
Francis Rubish (President)
  • Compensation: $24,144
  • Related: $0
  • Other: $0
Mark Huseth (Director)
  • Compensation: $21,650
  • Related: $0
  • Other: $0
Duane Akvik (Director)
  • Compensation: $16,672
  • Related: $0
  • Other: $0
Keath Borchert (Vice President)
  • Compensation: $4,050
  • Related: $0
  • Other: $0
Leon Bladow (Director)
  • Compensation: $3,400
  • Related: $0
  • Other: $0
Where can I find the form 990 for Home Mutual Insurance Company?

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

Mission Statement of Home Mutual Insurance Company

Home Mutual Insurance Company is dedicated to fulfilling and surpassing the insurance requirements of its customers while safeguarding the economic stability of the company itself. This mission is achieved by meticulously assessing the insurance needs of each client and offering suitable underwriting and insurance coverage that accurately reflects their requirements.

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Impact




October, 2024

Home Mutual Insurance Company plays a significant role in the WaHpeton, ND community by providing comprehensive insurance solutions tailored to the specific needs of its customers. By prioritizing careful evaluation of individual insurance requirements, the company ensures that clients receive coverage that accurately reflects their needs and the value of their assets.

The company’s commitment to exceeding customer expectations fosters trust and reliability within the community. This dedicated approach not only secures the financial well-being of its clients but also promotes a sense of economic stability in the region. Through effective underwriting practices, Home Mutual maintains its own economic security while empowering customers to protect their homes and livelihoods.

In essence, Home Mutual Insurance Company stands as a pillar of support, reinforcing the community's resilience by balancing the insurance needs of individuals with the company's financial health. Its mission underscores a deep commitment to mutual benefit, contributing positively to the overall welfare of both its customers and the broader community in which it operates.




This information is meant to be a general summary of Home 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
$388,944 (2022)
Expenses
$470,573 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $25,029
  • Program Service Revenue: $357,019
  • Gross Receipts: $388,944

Assets and Liabilities:

  • Total Assets: $1,954,204
  • Total Liabilities: $0
  • Net Assets: $1,954,204

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Programs

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

Insurance Premiums

Revenue

$357,019

Organization Details

Founding Year

1886

Principal Officer

Francis Rubish

Main Address

502 2ND AVE N, WAHPETON, ND, 58075

NTEE Category

Code: Y20 - Mutual benefit

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