Mutual Insurance Companies
- Assets
- $237.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1943
- Data as of
- 09/2022
- EIN
- 35-6044042
Organization Overview
Mutual Insurance Companies is located in Indianapolis, IN. The organization was established in 1943. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Insurance Companies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Mutual Insurance Companies generated $98.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $85.5k during the year ending 09/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Mueller Director | 1 | $0 | |
Jeff Wilson Director | 1 | $0 | |
Erin Thewes Director | 1 | $0 | |
Shannon White Director | 1 | $0 | |
Mel Burkhart Treasurer | 1 | $0 | |
Doug Steele Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,106 |
| Total Program Service Revenue | $13,040 |
| Membership dues | $52,896 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,061 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,420 |
| Other expenses | $43,132 |
| Total expenses | $85,452 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,023 |
| Other assets | $0 |
| Total assets | $237,023 |
| Total liabilities | $0 |
| Net assets or fund balances | $237,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Fair Plan Association Chicago, IL | $9,317,772 | $3,165,384 |
Wisconsin Assoc Of Mutual Insurance Companies Deforest, WI | $455,411 | $632,080 |
Sigel Mutual Insurance Co Sigel, IL | $1,478,683 | $588,471 |
Martinsburg Mutual Insurance Co Martinsburg, MO | $1,475,708 | $577,216 |
Forest Green Farmers Mutual Insurance Company Salisbury, MO | $2,139,952 | $586,732 |
Liberty Fire Benevolent Society Jefferson City, MO | $1,956,881 | $440,864 |
Thompson And Guilford Mutual Insurance Company Scales Mound, IL | $1,339,348 | $554,823 |
Stephenson County Mutual Insurance Company Rock City, IL | $1,401,000 | $373,897 |
Loran Mutual Insurance Co Pearl City, IL | $1,134,165 | $479,949 |
Farmers Mutual Insurance Company Chillicothe, MO | $1,718,338 | $462,121 |
Spring Grove Mutual Insurance Co Brodhead, WI | $1,959,861 | $596,197 |
Lewis County Mutual Insurance Co Lewistown, MO | $3,439,612 | $550,134 |