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Filing year 2024

FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY

Seward, Nebraska·EIN 47-6027566·501(c)(15)
Total revenue
$1.1M
Total assets
$726k
Total expenses
$1.1M
Reported officers
8
Mission

PROVIDE PROPERTY AND CASUALTY INSURANCE TO POLICY HOLDERS

Executive compensation

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Secretary/treasurer
Officer (Unspecified)
$57k
$62k
Direct Agent
Board Member
Median to 75th percentile
$17k
$18k
Director Agent
Board Member
25th percentile to median
$16k
$17k
President
Below 10th percentile
$675
$726
Direct
Board Member
Below 10th percentile
$235
$253
Director
Board Member
Below 10th percentile
$175
$188
Director
Board Member
Below 10th percentile
$175
$188
Vice President
Below 10th percentile
$70
$75

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $54k in 2023 to $57k in 2024.

$54k
2023
$57k
2024
In today's dollarsEst.
Up 3% in real terms$60k to $62k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 45% from 2023 to 2024, while revenue fell 37%.

$12k in 2023 to $17k in 2024.
  • Chief Executive Officer pay fell 4% from 2023 to 2024.
  • Vice President pay fell 60% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.7M
2023
$1.1M
$1.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY

What does the Board Member of FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY earn?

In 2024, the Board Member of FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY received $16,883 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY falls between the median and the 75th percentile.

What are FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY's revenue and expenses?

In 2024, FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY reported $1.1M in total revenue and $1.1M in total expenses on its IRS Form 990.

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