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Filing year 2024

FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS

Morgan Mill, Texas·EIN 75-0264365·501(c)(15)
Total revenue
$678k
Total assets
$1.2M
Total expenses
$516k
Reported officers
8
Mission

We offer competitively priced dwelling insurance for homes and businesses in Erath, TX and surrounding counties.

Executive compensation

Form 990 · Part VII & Schedule J · 3 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
Key Employee
25th percentile to median
$50k
$53k
President
10th to 25th percentile
$20k
$21k
Director
Director (Operational)
Below 10th percentile
$2k
$2k

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.

Plus 5 unpaid individuals.

Up 2%
from 2023

From $49k in 2023 to $50k in 2024.

$49k
2023
$50k
2024
In today's dollarsEst.
Down 1% in real terms$53k to $53k

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

Key Employee pay rose 2% from 2023 to 2024, while revenue rose 19%.

$49k in 2023 to $50k in 2024.
  • Chief Executive Officer pay rose 2% 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 INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS reported revenue and expenses across 2 filing years.

RevenueExpenses
$571k
$691k
2023
$678k
$516k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS

What does the Key Employee of FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS earn?

In 2024, the Key Employee of FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS received $49,612 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS falls between the 25th percentile and the median.

What are FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS's revenue and expenses?

In 2024, FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS reported $678k in total revenue and $516k in total expenses on its IRS Form 990.

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