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Filing year 2024

FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY

Dandridge, Tennessee·EIN 62-0429745·501(c)(15)
Total revenue
$523k
Total assets
$1.2M
Total expenses
$643k
Reported officers
7
Mission

THE COMPANY WAS FORMED FOR THE PURPOSE OF PROVIDING INSURANCE FOR ITS MEMBERS FOR FIRE, LIGHTNING, EXTENDED COVERAGES, THEFT, PROPERTY AND OTHER COVERAGES PERMITTED FOR A COUNTY MUTUAL INSURANCE COMPANY BY TENNESSEE INSURANCE LAW.

Executive compensation

Form 990 · Part VII & Schedule J · 7 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)
$59k
$63k
President
10th to 25th percentile
$37k
$39k
Vice-president
Below 10th percentile
$4k
$4k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

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

Up 20%
from 2023

From $50k in 2023 to $59k in 2024.

$50k
2023
$59k
2024
In today's dollarsEst.
Up 16% in real terms$54k to $63k

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

Pay for the position

Chief Executive Officer pay rose 48% from 2023 to 2024, while revenue rose 30%.

$25k in 2023 to $37k in 2024.
  • Board Member pay rose 4% 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 COMPANY OF JEFFERSON COUNTY reported revenue and expenses across 2 filing years.

RevenueExpenses
$402k
$352k
2023
$523k
$643k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY

What does the Chief Executive Officer of FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY earn?

In 2024, the Chief Executive Officer of FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY received $36,869 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY falls between the 10th and 25th percentiles.

What are FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY's revenue and expenses?

In 2024, FARMERS MUTUAL FIRE INSURANCE COMPANY OF JEFFERSON COUNTY reported $523k in total revenue and $643k in total expenses on its IRS Form 990.

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