Farmers Union Mutual Fire Insurance

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

EIN: 620424741 ✦ Cleveland, TN ✦ Designated as a 501(c)(15)

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Overview

What is Farmers Union Mutual Fire Insurance?

Farmers Union Mutual Fire Insurance is a locally-established insurance provider situated in Cleveland, Tennessee. Their primary mission is to serve as a county mutual insurance company, with the objective of benefiting its member-based community. This community-focused approach sets them apart, ensuring their policies and services cater specifically to the needs of their members.


Official website here: www.farmersunionmutual.com

Is Farmers Union Mutual Fire Insurance legitimate?

Farmers Union Mutual Fire Insurance is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Union Mutual Fire Insurance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,706

For more financial information, click here


Official website here: www.farmersunionmutual.com

What is the mission statement of Farmers Union Mutual Fire Insurance?

Farmers Union Mutual Fire Insurance operates as a mutual insurance company, primarily benefiting its members. The company's mission, in essence, is to serve its member base effectively, as indicated by its mission statement, which is simply stated as, "County Mutual Insurance Company for the benefit of members." This mission suggests that the company is dedicated to providing insurance services in a manner that prioritizes and caters to the needs of its members.


Official website here: www.farmersunionmutual.com

Who is the CEO of Farmers Union Mutual Fire Insurance?

Lyle Swartzel is the President of Farmers Union Mutual Fire Insurance.


Official website here: www.farmersunionmutual.com

What is the revenue of Farmers Union Mutual Fire Insurance?

Farmers Union Mutual Fire Insurance's revenue in 2022 was $335,570.


Official website here: www.farmersunionmutual.com

Who are the executives of Farmers Union Mutual Fire Insurance and what are their salaries?

The average compensation at Farmers Union Mutual Fire Insurance during 2022 was $31,676. There are 4 employees at Farmers Union Mutual Fire Insurance.


Here are 9 key members and their salaries:


Charles Hannah (President)
  • Compensation: $1,025
  • Related: $0
  • Other: $0
Charles Mcspadden (Vice Preside)
  • Compensation: $750
  • Related: $0
  • Other: $0
Lyle Swartzel (Secretary/Tr)
  • Compensation: $47,539
  • Related: $0
  • Other: $0
David Campbell (Former Sec/T)
  • Compensation: $21,000
  • Related: $0
  • Other: $0
Daniel Beaty (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0
Dana Burgner (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0
John Eads (Director)
  • Compensation: $550
  • Related: $0
  • Other: $0
Milton Humberd Jr (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0
Scott Humberd (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0


Official website here: www.farmersunionmutual.com

Where can I find the form 990 for Farmers Union Mutual Fire Insurance?

Farmers Union Mutual Fire Insurance's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.farmersunionmutual.com

Learn more at the official website: www.farmersunionmutual.com

Mission Statement of Farmers Union Mutual Fire Insurance

Farmers Union Mutual Fire Insurance, as an insurance provider, is dedicated to serving its members with a county mutual insurance company approach. This mission statement signifies that the company is committed to providing insurance services with the best interests of its members at heart. By operating as a county mutual insurance company, Farmers Union Mutual Fire Insurance ensures that its operations are tailored to meet the unique needs and expectations of its member base, aiming to create a mutually beneficial relationship.

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Impact




October, 2024

Farmers Union Mutual Fire Insurance plays a crucial role in providing financial security to its members in Cleveland, TN, through mutual insurance coverage. By operating as a county mutual insurance company, it focuses on the unique needs of its policyholders, ensuring they receive benefits tailored to their circumstances. This model fosters a sense of community and collaboration among members, as they collectively support one another in times of need.

The organization’s commitment to serving its members enhances local resilience, offering peace of mind and stability in unpredictable times. By prioritizing mutual benefit, Farmers Union Mutual Fire Insurance contributes to the economic well-being of its community, providing not only insurance protection but also promoting a cooperative spirit among its members. This approach helps build strong relationships and a safety net that reinforces the value of community support.




This information is meant to be a general summary of Farmers Union Mutual Fire Insurance. 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
$335,570 (2022)
Expenses
$507,966 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20,126
  • Program Service Revenue: $313,155
  • Gross Receipts: $335,570

Assets and Liabilities:

  • Total Assets: $2,307,328
  • Total Liabilities: $160,415
  • Net Assets: $2,146,913

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Programs

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

PREMIUMS

Revenue

$313,155

Organization Details

Founding Year

1914

Principal Officer

Lyle Swartzel

Main Address

915 25TH STREET NW PO BOX 1016, CLEVELAND, TN, 373641016

NTEE Category

Code: Y20 - Mutual benefit

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