Farmers Mutual Insurance Association Of Erath County Texas

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

EIN: 750264365 ✦ Morgan mill, TX ✦ Designated as a 501(c)(15)

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Overview

What is Farmers Mutual Insurance Association Of Erath County Texas?

Farmers Mutual Insurance Association of Erath County Texas is a local insurance provider, headquartered in Morgan Mill, Texas. They specialize in offering affordable dwelling insurance coverage for both residential and commercial properties within Erath County and its surrounding areas. Last year, the company recorded significant revenues of $50,332,084. Their primary focus lies in providing protection against damages caused by fire, hail, wind, and lightning incidents.


Official website here: www.farmersmutualerath.com

Is Farmers Mutual Insurance Association Of Erath County Texas legitimate?

Farmers Mutual Insurance Association Of Erath County Texas is a legitimate nonprofit organization registered as a 501(c)(15) entity. Farmers Mutual Insurance Association Of Erath County Texas 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: $70,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.farmersmutualerath.com

What is the mission statement of Farmers Mutual Insurance Association Of Erath County Texas?

Farmers Mutual Insurance Association of Erath County Texas is committed to providing competitively priced dwelling insurance for homes and businesses. Their mission extends beyond Erath County, serving surrounding areas as well. The association aims to safeguard properties against potential damages from fire, hail, wind, and lightning. By offering this insurance service, they contribute to the peace of mind of their clients, ensuring financial protection in the face of unexpected incidents.


Official website here: www.farmersmutualerath.com

Who is the CEO of Farmers Mutual Insurance Association Of Erath County Texas?

Marlin Quarles is the President of Farmers Mutual Insurance Association Of Erath County Texas.


Official website here: www.farmersmutualerath.com

What is the revenue of Farmers Mutual Insurance Association Of Erath County Texas?

Farmers Mutual Insurance Association Of Erath County Texas's revenue in 2022 was $535,565.


Official website here: www.farmersmutualerath.com

Who are the executives of Farmers Mutual Insurance Association Of Erath County Texas and what are their salaries?


Here are 8 key members and their salaries:


Ruth Price (Secretary Treasurer)
  • Compensation: $46,500
  • Related: $0
  • Other: $1,750
Marlin Quarles (President)
  • Compensation: $18,600
  • Related: $0
  • Other: $4,000
Michelle Bartell (Director)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Josh Bottelberghe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Nachtigall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Bond-Harr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesa Whaley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.farmersmutualerath.com

Where can I find the form 990 for Farmers Mutual Insurance Association Of Erath County Texas?

Farmers Mutual Insurance Association Of Erath County Texas's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.farmersmutualerath.com

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

Mission Statement of Farmers Mutual Insurance Association Of Erath County Texas

Farmers Mutual Insurance Association of Erath County Texas, in its mission, focuses on offering competitively priced dwelling insurance for homes and businesses situated in Erath County and its surrounding regions. This nonprofit organization is dedicated to providing insurance services that shield homes and businesses from the potential damages caused by fire, hail, wind, and lightning. By doing so, Farmers Mutual Insurance Association of Erath County Texas aims to offer peace of mind and financial security to its clients, enabling them to face these potential hazards with confidence.

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Impact




October, 2024

Farmers Mutual Insurance Association of Erath County Texas plays a vital role in providing affordable dwelling insurance for homes and businesses in Erath County and the surrounding areas. By offering competitive rates for coverage against fire, hail, wind, and lightning, it helps protect the financial well-being of residents and local businesses, ensuring they are safeguarded against unforeseen disasters.

With total revenues of $50,332,084 last year, the organization significantly contributes to the economic stability of the community. This allows for continued investment in services that benefit the region while reinforcing a sense of security among policyholders. By focusing on mutual benefit, the association fosters a sense of community resilience, encouraging individuals and businesses to thrive despite potential risks.

Overall, Farmers Mutual Insurance Association enhances the quality of life in Morgan Mill, TX, and its surrounding areas by promoting safety, security, and financial resilience.




This information is meant to be a general summary of Farmers Mutual Insurance Association Of Erath County Texas. 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
$535,565 (2022)
Expenses
$460,043 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,395
  • Gross Receipts: $535,565

Assets and Liabilities:

  • Total Assets: $1,113,713
  • Total Liabilities: $0
  • Net Assets: $1,113,713

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Organization Details

Founding Year

2022

Principal Officer

Marlin Quarles

Main Address

PO BOX 221, MORGAN MILL, TX, 764650221

NTEE Category

Code: Y20 - Mutual benefit

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