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Filing year 2024

POLICE AND FIREMENS INSURANCE ASSOCIATION

Carmel, Indiana·EIN 35-0586820·501(c)(8)
Total revenue
$53M
Total assets
$308.3M
Total expenses
$40.6M
Reported officers
20
Mission

Provide 100 scholarships annually to dependents of members, orphan scholarship and assistance programs, family fraternal benefits and memorial benefits. Provide life insurance, accident and health insurance and investment programs to members of law enforcement and the fire service and their families.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President, Director
Above 90th percentile
$352k
$379k
Base
$180k
Bonus
$139k
Other
$33k
Benefits
Sr Vice President/president, Director
Above 90th percentile
$313k
$337k
Base
$140k
Bonus
$140k
Other
$33k
Benefits
Vice President of Operations
Vice President
Above 90th percentile
$299k
$322k
Base
$160k
Bonus
$139k
Other
Benefits
Vp/treasurer, Director
Board Member
Above 90th percentile
$255k
$274k
Base
$84k
Bonus
$139k
Other
$32k
Benefits
Director/regional Manager
Board Member
Above 90th percentile
$156k
$168k
Base
$70k
Bonus
$7k
Other
$79k
Benefits
Regional Manager
Highest Compensated Employee
25th percentile to median
$152k
$164k
Base
$70k
Bonus
$23k
Other
$60k
Benefits
Regional Manager
Highest Compensated Employee
25th percentile to median
$140k
$151k
Base
$70k
Bonus
$15k
Other
$55k
Benefits
Vp/treasurer
Median to 75th percentile
$104k
$112k
Base
$104k
Bonus
Other
Benefits
Lead Information Technology Specialist
Highest Compensated Employee
10th to 25th percentile
$104k
$112k
Base
$102k
Bonus
$2k
Other
Benefits
Director/chairman of the Board
Board Member
Median to 75th percentile
$37k
$40k
Base
$37k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
Board Member
Median to 75th percentile
$32k
$34k
Base
$32k
Bonus
Other
Benefits

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 12%
from 2023

From $314k in 2023 to $352k in 2024.

$314k
2023
$352k
2024
In today's dollarsEst.
Up 9% in real terms$347k to $379k

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 rose 12% from 2023 to 2024, while revenue rose 10%.

$314k in 2023 to $352k in 2024.
  • Board Member pay rose 71% from 2023 to 2024.
  • Highest Compensated Employee pay rose 14% 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

POLICE AND FIREMENS INSURANCE ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$48.3M
$39M
2023
$53M
$40.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about POLICE AND FIREMENS INSURANCE ASSOCIATION

What does the Chief Executive Officer of POLICE AND FIREMENS INSURANCE ASSOCIATION earn?

In 2024, the Chief Executive Officer of POLICE AND FIREMENS INSURANCE ASSOCIATION received $352,363 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at POLICE AND FIREMENS INSURANCE ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at POLICE AND FIREMENS INSURANCE ASSOCIATION falls in the top 10%.

What are POLICE AND FIREMENS INSURANCE ASSOCIATION's revenue and expenses?

In 2024, POLICE AND FIREMENS INSURANCE ASSOCIATION reported $53M in total revenue and $40.6M in total expenses on its IRS Form 990.

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