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Filing year 2024

FIRST FARM MUTUAL INSURANCE COMPANY

Seymour, Indiana·EIN 35-0988187·15
Total revenue
$404k
Total assets
$685k
Total expenses
$596k
Reported officers
7
Mission

TO INSURE THE PROPERTY OF THE MEMBERS AGAINST LOSS OR DAMAGE BY FIRE, LIGHTNING OR WIND.

Executive compensation

Form 990 · 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.

Treasurer
Officer (Unspecified)
$12k
$13k
Secretary
Officer (Unspecified)
$7k
$7k
President
Below 10th percentile
$6k
$6k
Director
Board Member
10th to 25th percentile
$4k
$5k
Director
Board Member
10th to 25th percentile
$3k
$3k
Vice President
10th to 25th percentile
$3k
$3k
Director
Board Member
10th to 25th percentile
$3k
$3k

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 10%
from 2023

From $11k in 2023 to $12k in 2024.

$11k
2023
$12k
2024
In today's dollarsEst.
Up 7% in real terms$12k to $13k

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

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue rose 21%.

$6k in 2023 to $6k in 2024.
  • Board Member pay fell 19% from 2023 to 2024.
  • Vice President pay held roughly steady 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

FIRST FARM MUTUAL INSURANCE COMPANY reported revenue and expenses across 2 filing years.

RevenueExpenses
$334k
$356k
2023
$404k
$596k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FIRST FARM MUTUAL INSURANCE COMPANY

What does the Chief Executive Officer of FIRST FARM MUTUAL INSURANCE COMPANY earn?

In 2024, the Chief Executive Officer of FIRST FARM MUTUAL INSURANCE COMPANY received $6,038 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FIRST FARM MUTUAL INSURANCE COMPANY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FIRST FARM MUTUAL INSURANCE COMPANY falls in the bottom 10%.

What are FIRST FARM MUTUAL INSURANCE COMPANY's revenue and expenses?

In 2024, FIRST FARM MUTUAL INSURANCE COMPANY reported $404k in total revenue and $596k in total expenses on its IRS Form 990.

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