Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUMS EARNED

  total $20,309,278 · related or exempt $19,463,013 · unrelated business $846,265

• 3 · Investment income

  total $1,435,330 · excluded $1,435,330

• 7a · Gross sales of assets other than inventory

  securities $11,191,973

• 7b · Less cost or other basis and sales expenses

  securities $11,183,231

• 7c · Gain or loss

  securities $8,742

• 7d · Net gain or loss

  total $8,742 · excluded $8,742

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $18,547,346 · program services $18,547,346

• 11a · Fees: management

  total $2,156,400 · management and general $2,156,400

• 11b · Fees: legal

  total $113 · management and general $113

• 11c · Fees: accounting

  total $55,221 · management and general $55,221

• 11f · Fees: investment management

  total $130,316 · management and general $130,316

• 11g · Fees: other

  total $269,699 · management and general $269,699

• 17 · Travel

  total $8,381 · management and general $8,381

• 23 · Insurance

  total $25,673 · management and general $25,673

• 24a · Other expenses: COMMISSION EXPENSE

  total $2,265,905 · program services $2,265,905

• 24b · Other expenses: PREMIUM TAX EXPENSE

  total $101,746 · program services $101,746

• 24c · Other expenses: FEDERAL INCOME TAX EXPE

  total $22,541 · management and general $22,541

• 24d · Other expenses: UNDERWRITING EXPENSE

  total -$34,605 · program services -$34,605

• 24e · All other expenses

  total $13,358 · program services $13,358

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $17,025,164 · end of year $13,799,621

• 4 · Accounts receivable

  beginning of year $332,356 · end of year $2,109,094

• 9 · Prepaid expenses and deferred charges

  beginning of year $34,189

• 11 · Investments: publicly traded securities

  beginning of year $62,121,306 · end of year $61,207,857

• 15 · Other assets

  beginning of year $924,093 · end of year $967,871

• 17 · Accounts payable and accrued expenses

  beginning of year $5,614,793 · end of year $2,982,565

• 25 · Other liabilities

  beginning of year $36,730,987 · end of year $40,222,426

• 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 $2,750,154 · end of year $2,750,154

• 31 · Retained earnings, endowment or other funds

  beginning of year $35,341,174 · end of year $32,129,298

The filer's explanations (Part III)

PART I, LINE 4B

RABBI TRUST CONTRIBUTIONS: STEPHEN L. GARWOOD 9,114 MARY ELLEN MORIARTY 5,831