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Filing year 2024

VERNON EDDA MUTUAL FIRE INSURANCE COMPANY

Hayfield, Minnesota·EIN 41-0592872·15
Total revenue
$325k
Total assets
$2.5M
Total expenses
$226k
Reported officers
7
Mission

THE COMPANY PROVIDES FIRE AND ADDITIONAL LINES OF INSURANCE COVERAGES TO POLICYHOLDERS/MEMBERS AND PAYS CLAIMS ON COVERED POLICYHOLDER LOSSES.

Executive compensation

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

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

Secretary
Officer (Unspecified)
$3k
$3k
Vice Preside
Vice President
10th to 25th percentile
$2k
$3k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
President
Below 10th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Treasurer
Officer (Unspecified)
$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.

Pay for the position

Vice President pay rose 18% from 2023 to 2024, while revenue fell 6%.

$2k in 2023 to $2k in 2024.
  • Board Member pay fell 3% from 2023 to 2024.
  • Chief Executive Officer pay fell 8% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Financial trend

Revenue and expenses over time

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

RevenueExpenses
$348k
$191k
2023
$325k
$226k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VERNON EDDA MUTUAL FIRE INSURANCE COMPANY

What does the Vice President of VERNON EDDA MUTUAL FIRE INSURANCE COMPANY earn?

In 2024, the Vice President of VERNON EDDA MUTUAL FIRE INSURANCE COMPANY received $2,359 in total compensation. This pay is in the bottom quarter for Vice President roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at VERNON EDDA MUTUAL FIRE INSURANCE COMPANY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Vice President at VERNON EDDA MUTUAL FIRE INSURANCE COMPANY falls between the 10th and 25th percentiles.

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

In 2024, VERNON EDDA MUTUAL FIRE INSURANCE COMPANY reported $325k in total revenue and $226k in total expenses on its IRS Form 990.

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