Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INSURANCE PROGRAMS

  total $76,889,803 · related or exempt $76,889,803

• 3 · Investment income

  total $297,248 · related or exempt $297,248

• 11a · Other revenue: EXPENSE SHARING

  total $2,000,000 · related or exempt $2,000,000

• 11e · Other revenue, total

  $2,000,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,237,083 · program services $713,738 · management and general $523,345

• 7 · Other salaries and wages

  total $1,623,500 · program services $1,315,035 · management and general $308,465

• 8 · Pension plan contributions

  total $396,270 · program services $320,979 · management and general $75,291

• 9 · Other employee benefits

  total $600,397 · program services $486,322 · management and general $114,075

• 10 · Payroll taxes

  total $214,222 · program services $173,520 · management and general $40,702

• 11b · Fees: legal

  total $12,049 · program services $10,844 · management and general $1,205

• 11c · Fees: accounting

  total $28,857 · program services $25,971 · management and general $2,886

• 12 · Advertising and promotion

  total $272,177 · program services $244,959 · management and general $27,218

• 13 · Office expenses

  total $226,031 · program services $183,085 · management and general $42,946

• 14 · Information technology

  total $811,572 · program services $657,373 · management and general $154,199

• 16 · Occupancy

  total $126,388 · program services $102,374 · management and general $24,014

• 17 · Travel

  total $154,475 · program services $125,125 · management and general $29,350

• 20 · Interest

  total $119,248 · program services $96,591 · management and general $22,657

• 22 · Depreciation, depletion and amortization

  total $128,718 · program services $104,262 · management and general $24,456

• 23 · Insurance

  total $247,503 · program services $200,477 · management and general $47,026

• 24a · Other expenses: INSURANCE- PROGRAM

  total $57,401,827 · program services $57,401,827

• 24b · Other expenses: COMMISSIONS

  total $8,318,873 · program services $8,318,873

• 24c · Other expenses: OTHER EXPENSES

  total $252,347 · program services $252,347

• 24d · Other expenses: BOARD EXPENSES

  total $103,137 · program services $83,541 · management and general $19,596

• 24e · All other expenses

  total $25,000 · program services $25,000

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $10,989,526 · end of year $17,802,757

• 4 · Accounts receivable

  beginning of year $57,657 · end of year $112,034

• 7 · Other notes and loans receivable

  beginning of year $2,196,335 · end of year $4,153,096

• 9 · Prepaid expenses and deferred charges

  beginning of year $656,259 · end of year $1,196,840

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

  $2,606,112

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,680,198

• 10c · Land, buildings and equipment, net

  beginning of year $1,093,733 · end of year $925,914

• 12 · Investments: other securities

  beginning of year $5,954 · end of year $6,293

• 13 · Investments: program-related

  end of year $2,000,000

• 17 · Accounts payable and accrued expenses

  beginning of year $1,136,928 · end of year $1,337,531

• 19 · Deferred revenue

  beginning of year $3,330,662 · end of year $7,765,712

• 24 · Unsecured notes and loans payable

  beginning of year $2,000,000 · end of year $1,761,754

• 25 · Other liabilities

  beginning of year $1,447,736 · end of year $1,360,422

• 27 · Net assets without donor restrictions

  beginning of year $7,084,138 · end of year $13,971,515

The filer's explanations (Part III)

PART I, LINE 3

UTILIZED REVIEW OF COMPENSATION BY BOD PERSONNEL COMMITTEE AND OVERALL APPROVAL OF BOD.