Form 990 for tax year 2022

2a · Program service revenue: PREMIUMS EARNED

total $128,518,042 · related or exempt $128,518,042

3 · Investment income

total $1,600,747 · excluded $1,600,747

7a · Gross sales of assets other than inventory

securities $153,129

7b · Less cost or other basis and sales expenses

securities $166,284

7c · Gain or loss

securities -$13,155

7d · Net gain or loss

total -$13,155 · excluded -$13,155

11d · All other revenue

total $475,788 · excluded $475,788

11e · Other revenue, total

$475,788

5 · Compensation of officers, directors and key employees

total $682,008

7 · Other salaries and wages

total $4,450,171

8 · Pension plan contributions

total $2,028,090

9 · Other employee benefits

total $21,318

10 · Payroll taxes

total $335,770

11b · Fees: legal

total $144,807

11c · Fees: accounting

total $90,427

11f · Fees: investment management

total $138,988

11g · Fees: other

total $189,316

13 · Office expenses

total $820,381

14 · Information technology

total $2,399,339

16 · Occupancy

total $801,785

17 · Travel

total $57,098

19 · Conferences, conventions and meetings

total $226,939

22 · Depreciation, depletion and amortization

total $120,572

23 · Insurance

total $1,334,061

24a · Other expenses: LOSSES & LAE

total $88,510,685

24b · Other expenses: COMMISSIONS

total $23,077,910

24c · Other expenses: PREMIUM TAX

total $4,347,293

24d · Other expenses: CLAIMS EXPENSE

total $272,644

24e · All other expenses

total $4,140,377

1 · Cash, non-interest-bearing

beginning of year $16,567,095 · end of year $20,989,407

2 · Savings and temporary cash investments

beginning of year $15,869,402 · end of year $29,371,314

4 · Accounts receivable

beginning of year $19,954,043 · end of year $21,712,814

10a · Land, buildings and equipment: cost or other basis

$2,604,888

10b · Land, buildings and equipment: accumulated depreciation

$2,603,422

10c · Land, buildings and equipment, net

beginning of year $3,225 · end of year $1,466

11 · Investments: publicly traded securities

beginning of year $67,809,275 · end of year $66,333,795

17 · Accounts payable and accrued expenses

beginning of year $7,349,596 · end of year $8,127,170

25 · Other liabilities

beginning of year $91,321,202 · end of year $108,195,560

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0

31 · Retained earnings, endowment or other funds

beginning of year $21,532,242 · end of year $22,086,066