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Filing year 2024

TARA MUTUAL FIRE INSURANCE COMPANY

Wheaton, Minnesota·EIN 41-0249985·15
Total revenue
$348k
Total assets
$3.5M
Total expenses
$407k
Reported officers
5
Mission

TO PROVIDE FIRE INSURANCE COVERAGE TO POLICYHOLDERS.

Executive compensation

Form 990 · 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.

Secretary/treasurer
Officer (Unspecified)
$89k
$95k
Director
Board Member
10th to 25th percentile
$2k
$2k
President
Below 10th percentile
$2k
$2k
Vice President
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k

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 9%
from 2023

From $82k in 2023 to $89k in 2024.

$82k
2023
$89k
2024
In today's dollarsEst.
Up 6% in real terms$90k to $95k

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

Board Member pay rose 59% from 2023 to 2024, while revenue fell 13%.

$1k in 2023 to $2k in 2024.
  • Chief Executive Officer pay rose 59% from 2023 to 2024.
  • Vice President pay rose 59% 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

TARA MUTUAL FIRE INSURANCE COMPANY reported revenue and expenses across 2 filing years.

RevenueExpenses
$398k
$259k
2023
$348k
$407k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TARA MUTUAL FIRE INSURANCE COMPANY

What does the Board Member of TARA MUTUAL FIRE INSURANCE COMPANY earn?

In 2024, the Board Member of TARA MUTUAL FIRE INSURANCE COMPANY received $2,150 in total compensation. This pay is in the bottom quarter for Board Member roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at TARA MUTUAL FIRE INSURANCE COMPANY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at TARA MUTUAL FIRE INSURANCE COMPANY falls between the 10th and 25th percentiles.

What are TARA MUTUAL FIRE INSURANCE COMPANY's revenue and expenses?

In 2024, TARA MUTUAL FIRE INSURANCE COMPANY reported $348k in total revenue and $407k in total expenses on its IRS Form 990.

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