Overview
What is Farmers Mutual Fire Insurance Company Of Washington County Tn?
Farmers Mutual Fire Insurance Company of Washington County TN is a nonprofit organization specializing in insurance coverage for farm properties and rural dwellings. Established in Jonesborough, Tennessee, the company’s primary mission revolves around providing comprehensive insurance services to rural communities. Their activities are centered around farm and rural dwelling insurance, ensuring peace of mind for the residents in these areas. The company's address can be found in a post office box within the city.
Is Farmers Mutual Fire Insurance Company Of Washington County Tn legitimate?
Farmers Mutual Fire Insurance Company Of Washington County Tn is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Fire Insurance Company Of Washington County Tn 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: $98,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Farmers Mutual Fire Insurance Company Of Washington County Tn?
The Farmers Mutual Fire Insurance Company of Washington County TN is dedicated to providing insurance coverage for farm properties and rural dwellings. Their mission is to safeguard these rural areas by offering comprehensive insurance services. They specialize in protecting the assets of farmers and rural homeowners, offering peace of mind in the face of potential risks. While not explicitly stated, it can be inferred that their goal is to ensure the financial security of their clients in rural areas, providing them with the necessary protection for their farms and homes.
Who is the CEO of Farmers Mutual Fire Insurance Company Of Washington County Tn?
Jeff Snyder is the Director / Vice-President of Farmers Mutual Fire Insurance Company Of Washington County Tn.
What is the revenue of Farmers Mutual Fire Insurance Company Of Washington County Tn?
Farmers Mutual Fire Insurance Company Of Washington County Tn's revenue in 2022 was $258,632.
Who are the executives of Farmers Mutual Fire Insurance Company Of Washington County Tn and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $87,029
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $5,853
- Related: $0
- Other: $0
Where can I find the form 990 for Farmers Mutual Fire Insurance Company Of Washington County Tn?
Farmers Mutual Fire Insurance Company Of Washington County Tn's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmers Mutual Fire Insurance Company Of Washington County Tn
Farmers Mutual Fire Insurance Company of Washington County TN is dedicated to providing insurance coverage for rural properties and dwellings. Their mission, in simple terms, is to safeguard the farmland and homes situated in rural areas. This insurance company specializes in protecting the assets of farmers and rural homeowners, ensuring their peace of mind amidst potential risks associated with rural living. By offering insurance solutions tailored to the unique needs of rural communities, Farmers Mutual Fire Insurance Company of Washington County TN plays a vital role in preserving and securing the livelihoods of those living in these areas.
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Impact
October, 2024
Farmers Mutual Fire Insurance Company of Washington County, TN plays a crucial role in providing essential insurance services aimed specifically at protecting farm properties and rural dwellings. Based in Jonesborough, Tennessee, the company focuses on the unique needs of rural communities, ensuring that farmers and rural residents have access to financial protection against unforeseen events.
By offering tailored insurance solutions, the organization helps mitigate risks associated with agricultural activities and rural living, thereby supporting the overall stability of the local economy. This support not only safeguards individual properties but also fosters confidence among residents, encouraging investment in rural development.
Moreover, the emphasis on mutual benefit underscores a collaborative approach, where policyholders share in the success and stability of the company. This model strengthens community ties and ensures that the insurance services provided align with the specific needs and values of rural populations. Ultimately, Farmers Mutual Fire Insurance Company enhances the resilience of rural areas, contributing to the sustainability and growth of the agricultural sector in Washington County and beyond.
This information is meant to be a general summary of Farmers Mutual Fire Insurance Company Of Washington County Tn. 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: $3,280
- Program Service Revenue: $255,352
- Gross Receipts: $258,632
Assets and Liabilities:
- Total Assets: $2,465,504
- Total Liabilities: $451,291
- Net Assets: $2,014,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS INSURANCE PREMIU
Revenue
$579,804
BEG UNEARNED PREMIUMS
Revenue
$113,460
REINSURANCE REIMBURSEM
Revenue
$37,847
REINSURANCE CEDED
Revenue
-$193,714
END UNEARNED PREMIUMS
Revenue
-$282,045
Organization Details
Founding Year
1898
Phone
(423) 753-2891Principal Officer
Jeff Snyder
Main Address
PO BOX 436, JONESBOROUGH, TN, 37659
NTEE Category
Code: Y20 - Mutual benefit
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