PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TOINDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM ASPROMISED.
Executive compensation
Form 990 · Part VII & Schedule J · 5 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 |
|---|---|
Secretary & Chairman Board Chair 10th to 25th percentile | $5k $5k |
President / Treasurer Below 10th percentile | $5k $5k |
Vice President 10th to 25th percentile | $5k $5k |
Board Member 10th to 25th percentile | $3k $3k |
Board Member 10th to 25th percentile | $3k $3k |
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.
Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue rose 29%.
- Vice President pay held roughly steady from 2023 to 2024.
- Board Chair 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.
Revenue and expenses over time
MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER reported revenue and expenses across 2 filing years.
Common questions about MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER
What does the Board Chair of MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER earn?
In 2024, the Board Chair of MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER received $5,000 in total compensation. This pay is in the bottom quarter for Board Chair roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Board Chair pay at MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Chair at MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER falls between the 10th and 25th percentiles.
What are MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER's revenue and expenses?
In 2024, MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER reported $307k in total revenue and $221k in total expenses on its IRS Form 990.
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