NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES GROUP INSURANCE

EIN: 351545846 Mutual Benefit

INDIANAPOLIS, IN

Total Revenue
$1,251,591
Total Expenses
$1,231,258
Total Assets
$3,098,697
Net Assets
$3,096,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IN
Principal Officer
NATHAN SALATI
Phone
3178755250
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES GROUP INSURANCE, founded in 1972, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Net assets of $3.1M represent 30 months of operating reserves.

Mission

TO PROVIDE LIFE, DENTAL, VISION, AND DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES OF THE NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES AND ITS MEMBER COMPANIES UNDER GROUP INSURANCE CONTRACTS WITH INSURANCE COMPANIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,131,354
Investment Income $120,237
Other Revenue $0
TOTAL REVENUE $1,251,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $99,904
TOTAL EXPENSES $1,231,258

Year-over-Year Comparison

2024 2023 Change
Revenue $1,251,591 $1,165,264 +0.1%
Expenses $1,231,258 $1,160,842 +0.1%
Net Income $20,333 $4,422 +3.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
6
$181,431
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRISTA HASSETT SVP - EVENTS 1.00
Highest
$0 $36,622 $347,114
MARK VANDER KOOY FORMER CSO 1.00
Highest
$0 $13,512 $339,367
JENNIFER STEIDLER TRUSTEE 1.00
Director
$0 $25,081 $181,431
TIFFANY STOKES EMP BENEFITS 1.00
Highest
$0 $27,566 $128,789
LIESL KREISCHER TRUSTEE 1.00
Director
$0 $0 $0
PHILLIP LEWIS TRUSTEE 1.00
Director
$0 $0 $0
JASON MOELLER TRUSTEE 1.00
Director
$0 $0 $0
ERIC SCHMADER TRUSTEE 1.00
Director
$0 $0 $0
SUSAN TAGGART TRUSTEE 1.00
Director
$0 $0 $0
GREGG DYKSTRA INTERIM CHAI 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,251,591 $1,231,258 $3,098,697 $20,333
2023 $1,165,264 $1,160,842 $3,068,842 $4,422
2022 $1,240,862 $1,256,181 $2,913,507 $-15,319
2021 $1,179,018 $1,194,658 $3,265,829 $-15,640
2020 $1,184,247 $1,191,102 $3,185,027 $-6,855
2019 $1,228,485 $1,211,854 $3,073,702 $16,631
2018 $1,586,559 $1,577,050 $2,869,771 $9,509
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