THE ORGANIZATION PROVIDES PROPERTY CASUALTY INSURANCE COVERAGE FOR FARMERS AND HOMEOWNERS IN RURAL MINNESOTA UNDER IRC SECTION 501(C) (15) AND MINNESOTA STATUTE 67A.
Executive compensation
Form 990 · 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.
| Position | Total |
|---|---|
Treasurer/manager 25th percentile to median | $42k $45k |
President Below 10th percentile | $900 $968 |
Secretary Officer (Unspecified) | $700 $753 |
Vice-president Below 10th percentile | $350 $376 |
Director Board Member Below 10th percentile | $350 $376 |
Director Board Member Below 10th percentile | $300 $323 |
President (thru 3/2024) Below 10th percentile | $300 $323 |
Director (beg 4/2024) Board Member Below 10th percentile | $200 $215 |
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 8%
from 2023
From $39k in 2023 to $42k in 2024.
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.
Chief Financial Officer pay rose 8% from 2023 to 2024, while revenue rose 8%.
- Chief Executive Officer pay fell 18% from 2023 to 2024.
- Board Member pay rose 17% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY reported revenue and expenses across 2 filing years.
Common questions about GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY
What does the Chief Financial Officer of GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY earn?
In 2024, the Chief Financial Officer of GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY received $41,765 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Financial Officer pay at GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Financial Officer at GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY falls between the 25th percentile and the median.
What are GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY's revenue and expenses?
In 2024, GARFIELD FARMERS MUTUAL FIRE INSURANCE COMPANY reported $242k in total revenue and $272k in total expenses on its IRS Form 990.
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