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Filing year 2024

POLICE AND FIREMENS INSURANCE ASSOCIATION

Carmel, Indiana·EIN 35-0586820·8
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 · Schedule J · 20 reported individuals · Filing year 2024

President, Director
$352k
$379k
Base
$180k
Bonus
$139k
Other
$33k
Benefits
Sr Vice President/president, Director
$313k
$337k
Base
$140k
Bonus
$140k
Other
$33k
Benefits
Vice President of Operations
vice president
$299k
$322k
Base
$160k
Bonus
$139k
Other
Benefits
Vp/treasurer, Director
board member
$255k
$274k
Base
$84k
Bonus
$139k
Other
$32k
Benefits
Director/regional Manager
board member
$156k
$168k
Base
$70k
Bonus
$7k
Other
$79k
Benefits
Regional Manager
highest compensated employee
$152k
$164k
Base
$70k
Bonus
$23k
Other
$60k
Benefits
Regional Manager
highest compensated employee
$140k
$151k
Base
$70k
Bonus
$15k
Other
$55k
Benefits
$104k
$112k
Base
$104k
Bonus
Other
Benefits
Lead Information Technology Specialist
highest compensated employee
$104k
$112k
Base
$102k
Bonus
$2k
Other
Benefits
Director/chairman of the Board
board member
$37k
$40k
Base
$37k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$32k
$34k
Base
$32k
Bonus
Other
Benefits
Director
board member
$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.

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.
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