Form 990 for tax year 2023
Filed by EDUCATORS MUTUAL INSURANCE ASSOCIATION.
Totals
- Total revenue
- $58,059,378
- Total expenses
- $54,321,705
- Contributions and grants received
- $0
- Grants paid
- $300
- Program service revenue
- $52,819,728
- Investment income
- $4,675,766
- Other revenue
- $563,884
- Total assets, end of year
- $210,691,146
- Total liabilities, end of year
- $36,534,271
- Net assets or fund balances, end of year
- $174,156,875
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INSURANCE PREMIUMS
total $31,379,548 · related or exempt $31,379,548
-
2b · Program service revenue: SERVICE & OTHER INCOME
total $19,311,176 · related or exempt $19,311,176
-
2c · Program service revenue: NON-EDUCATION GROUP INCOME
total $1,652,060 · unrelated business $1,652,060
-
2d · Program service revenue: EHPL RENTAL
total $476,944 · unrelated business $476,944
-
3 · Investment income
total $4,672,960 · excluded $4,672,960
-
6a · Gross rents
real property $706,940
-
6b · Less rental expenses
real property $143,056
-
6c · Rental income or loss
real property $563,884
-
6d · Net rental income or loss
total $563,884 · excluded $563,884
-
7a · Gross sales of assets other than inventory
securities $6,471,115
-
7b · Less cost or other basis and sales expenses
securities $6,468,309
-
7c · Gain or loss
securities $2,806
-
7d · Net gain or loss
total $2,806 · excluded $2,806
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $300
-
4 · Benefits paid to or for members
total $36,603,499
-
5 · Compensation of officers, directors and key employees
total $938,527
-
7 · Other salaries and wages
total $7,669,023
-
8 · Pension plan contributions
total $294,955
-
9 · Other employee benefits
total $1,055,585
-
10 · Payroll taxes
total $366,673
-
11b · Fees: legal
total $14,398
-
11c · Fees: accounting
total $39,667
-
11d · Fees: lobbying
total $16,120
-
11f · Fees: investment management
total $207,630
-
11g · Fees: other
total $2,645,459
-
12 · Advertising and promotion
total $15,420
-
13 · Office expenses
total $557,776
-
16 · Occupancy
total $351,398
-
17 · Travel
total $31,034
-
22 · Depreciation, depletion and amortization
total $1,238,510
-
23 · Insurance
total $62,751
-
24a · Other expenses: CLAIMS PAID
total $2,976,510
-
24b · Other expenses: GROUP SERVICE FEES
total $139,471
-
24c · Other expenses: CHANGE IN CLAIMS ADJ. EXP
total $88,803
-
24d · Other expenses: COST CONTAINMENT
total $75,623
-
24e · All other expenses
total -$1,067,427
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $19,345,606 · end of year $18,180,114
-
10a · Land, buildings and equipment: cost or other basis
$25,590,013
-
10b · Land, buildings and equipment: accumulated depreciation
$3,944,418
-
10c · Land, buildings and equipment, net
beginning of year $22,042,605 · end of year $21,645,595
-
11 · Investments: publicly traded securities
beginning of year $87,566,878 · end of year $102,085,116
-
12 · Investments: other securities
beginning of year $59,342,676 · end of year $58,247,352
-
15 · Other assets
beginning of year $12,551,868 · end of year $10,532,969
-
17 · Accounts payable and accrued expenses
beginning of year $5,930,564 · end of year $10,205,087
-
19 · Deferred revenue
beginning of year $34,209 · end of year $47,415
-
21 · Escrow or custodial account liability
beginning of year $4,710,249 · end of year $5,069,862
-
25 · Other liabilities
beginning of year $17,717,957 · end of year $21,211,907
-
31 · Retained earnings, endowment or other funds
beginning of year $172,456,654 · end of year $174,156,875
Mission and programs · 2023
Mission
PROVIDE LIFE, ACCIDENT, & HEALTH INSURANCE TO EDUCATIONAL GROUPS.
-
PROVIDE LIFE, ACCIDENT, AND HEALTH INSURANCE TO EDUCATIONAL GROUPS.
As filed on the 2023 return.
Listed in Part VII
-
Steven C MorrisonSTEVEN C MORRISON
CEO
- Total calculated
- $807,456
- From this org
- $182,268
- From related orgs
- $510,764
- Other
- $114,424
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $102,986 + $288,594 related
- Bonus
- $79,282 + $222,170 related
- Other
- not reported
- Deferred
- $24,397 + $68,368 related
- Nontaxable benefits
- $5,696 + $15,963 related
- Filer's total
- $212,361 + $595,095 related
-
Michael GreenhalghMICHAEL GREENHALGH
CFO
- Total calculated
- $612,928
- From this org
- $135,180
- From related orgs
- $378,813
- Other
- $98,935
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $77,152 + $216,203 related
- Bonus
- $58,028 + $162,610 related
- Other
- not reported
- Deferred
- $18,277 + $51,218 related
- Nontaxable benefits
- $7,743 + $21,697 related
- Filer's total
- $161,200 + $451,728 related
-
David Ryan LowtherDAVID RYAN LOWTHER
COO & SECRET
- Total calculated
- $451,388
- From this org
- $95,900
- From related orgs
- $268,739
- Other
- $86,749
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $63,885 + $179,025 related
- Bonus
- $32,015 + $89,714 related
- Other
- not reported
- Deferred
- $15,134 + $42,411 related
- Nontaxable benefits
- $7,681 + $21,523 related
- Filer's total
- $118,715 + $332,673 related
-
David Scott WoodDAVID SCOTT WOOD
CHIEF ACTUAR
- Total calculated
- $385,951
- From this org
- $81,080
- From related orgs
- $227,210
- Other
- $77,661
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $53,991 + $151,299 related
- Bonus
- $27,089 + $75,911 related
- Other
- not reported
- Deferred
- $12,791 + $35,843 related
- Nontaxable benefits
- $7,634 + $21,393 related
- Filer's total
- $101,505 + $284,446 related
-
Cindy DunnavantCINDY DUNNAVANT
VP SALES & M
- Total calculated
- $335,397
- From this org
- $73,250
- From related orgs
- $205,267
- Other
- $56,880
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $51,830 + $145,244 related
- Bonus
- $21,420 + $60,023 related
- Other
- not reported
- Deferred
- $12,279 + $34,408 related
- Nontaxable benefits
- $2,681 + $7,512 related
- Filer's total
- $88,210 + $247,187 related
-
Jeremy SpencerJEREMY SPENCER
VP OPERATION
- Total calculated
- $305,794
- From this org
- $70,059
- From related orgs
- $196,323
- Other
- $39,412
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $63,972 + $179,264 related
- Bonus
- $6,087 + $17,059 related
- Other
- not reported
- Deferred
- $3,838 + $10,756 related
- Nontaxable benefits
- $6,527 + $18,291 related
- Filer's total
- $80,424 + $225,370 related
-
Joseph H CampbellJOSEPH H CAMPBELL
CHIEF INFO O
- Total calculated
- $305,126
- From this org
- $60,242
- From related orgs
- $168,817
- Other
- $76,067
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $52,239 + $146,390 related
- Bonus
- $8,003 + $22,427 related
- Other
- not reported
- Deferred
- $12,376 + $34,680 related
- Nontaxable benefits
- $7,630 + $21,381 related
- Filer's total
- $80,248 + $224,878 related
-
Brandon L SmartBRANDON L SMART
CHIEF LEGAL
- Total calculated
- $292,343
- From this org
- $58,272
- From related orgs
- $163,295
- Other
- $70,776
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $46,495 + $130,292 related
- Bonus
- $11,777 + $33,003 related
- Other
- not reported
- Deferred
- $11,015 + $30,866 related
- Nontaxable benefits
- $7,599 + $21,296 related
- Filer's total
- $76,886 + $215,457 related
-
Brandon JorgensenBRANDON JORGENSEN
SALES MANAGE
- Total calculated
- $262,303
- From this org
- $51,217
- From related orgs
- $143,524
- Other
- $67,562
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $41,911 + $117,445 related
- Bonus
- $9,306 + $26,079 related
- Other
- not reported
- Deferred
- $9,929 + $27,823 related
- Nontaxable benefits
- $7,840 + $21,970 related
- Filer's total
- $68,986 + $193,317 related
-
Stephen ClaySTEPHEN CLAY
CONTROLLER
- Total calculated
- $245,680
- From this org
- $47,052
- From related orgs
- $131,853
- Other
- $66,775
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $42,135 + $118,073 related
- Bonus
- $4,917 + $13,780 related
- Other
- not reported
- Deferred
- $9,982 + $27,972 related
- Nontaxable benefits
- $7,580 + $21,241 related
- Filer's total
- $64,614 + $181,066 related
-
Roger ProctorROGER PROCTOR
IT DEV. MANA
- Total calculated
- $239,146
- From this org
- $45,653
- From related orgs
- $127,932
- Other
- $65,561
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $40,817 + $114,381 related
- Bonus
- $4,836 + $13,551 related
- Other
- not reported
- Deferred
- $9,670 + $27,097 related
- Nontaxable benefits
- $7,573 + $21,221 related
- Filer's total
- $62,896 + $176,250 related
-
Justin BleazardJUSTIN BLEAZARD
VP UNDERWRIT
- Total calculated
- $234,723
- From this org
- $44,744
- From related orgs
- $125,386
- Other
- $64,593
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $39,763 + $111,428 related
- Bonus
- $4,981 + $13,958 related
- Other
- not reported
- Deferred
- $9,420 + $26,397 related
- Nontaxable benefits
- $7,568 + $21,208 related
- Filer's total
- $61,732 + $172,991 related
-
Tiffany BerminghamTIFFANY BERMINGHAM
VP ENROLLMEN
- Total calculated
- $209,334
- From this org
- $43,452
- From related orgs
- $121,766
- Other
- $44,116
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $38,031 + $106,574 related
- Bonus
- $5,421 + $15,192 related
- Other
- not reported
- Deferred
- $9,010 + $25,247 related
- Nontaxable benefits
- $2,593 + $7,266 related
- Filer's total
- $55,055 + $154,279 related
-
Corey CallahanCOREY CALLAHAN
DIRECTOR
- Total calculated
- $10,841
- From this org
- $2,840
- From related orgs
- $7,960
- Other
- $41
- Hours/week
- 1 + 1 related
-
Scott ThorntonSCOTT THORNTON
DIRECTOR
- Total calculated
- $9,641
- From this org
- $2,525
- From related orgs
- $7,075
- Other
- $41
- Hours/week
- 1 + 1 related
-
Paul GottfredsonPAUL GOTTFREDSON
DIRECTOR
- Total calculated
- $9,640
- From this org
- $2,525
- From related orgs
- $7,075
- Other
- $40
- Hours/week
- 1 + 1 related
-
Wendell Page BennettWENDELL PAGE BENNETT
DIRECTOR
- Total calculated
- $8,441
- From this org
- $2,209
- From related orgs
- $6,191
- Other
- $41
- Hours/week
- 1 + 1 related
-
Randall Reid SmartRANDALL REID SMART
DIRECTOR
- Total calculated
- $8,440
- From this org
- $2,209
- From related orgs
- $6,191
- Other
- $40
- Hours/week
- 1 + 1 related
-
Jennifer BoehmeJENNIFER BOEHME
DIRECTOR
- Total calculated
- $7,240
- From this org
- $1,894
- From related orgs
- $5,306
- Other
- $40
- Hours/week
- 1 + 1 related
-
Bryan SpragueBRYAN SPRAGUE
DIRECTOR
- Total calculated
- $7,041
- From this org
- $1,841
- From related orgs
- $5,159
- Other
- $41
- Hours/week
- 1 + 1 related
-
Michael R FrancisMICHAEL R FRANCIS
DIRECTOR
- Total calculated
- $6,041
- From this org
- $1,578
- From related orgs
- $4,422
- Other
- $41
- Hours/week
- 1 + 1 related
-
Clint HalversonCLINT HALVERSON
DIRECTOR
- Total calculated
- $4,840
- From this org
- $1,262
- From related orgs
- $3,538
- Other
- $40
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · CHARITABLE · UT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
EDUCATORS HEALTH PLANS LIFE ACCIDEN
INSURANCE · UT · controlled entity
-
TOTAL DENTAL ADMINISTRATORS OF UTAH
INSURANCE · UT · controlled entity
-
TOTAL DENTAL ADMINISTRATORS HEALTH
ADMIN SERV · UT · controlled entity
-
TOTAL DENTAL ADMINISTRATORS INC
ADMIN SERV · UT · controlled entity
-
DENTAL MANAGEMENT ADMINISTRATORS
ADMIN SERV · UT · controlled entity
-
RISK ALLIANCE INC
C CORP · INSURANCE · UT · 82% owned · share of assets $603,604 · controlled entity
Directly controlled by EHPL
-
T1 CELL OF RISK ALLIANCE INC
C CORP · INSURANCE · UT · 82% owned · share of assets $205,000 · controlled entity
Directly controlled by EHPL
-
U1 CELL OF RISK ALLIANCE INC
C CORP · INSURANCE · UT · 82% owned · share of assets $205,000 · controlled entity
Directly controlled by EHPL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443209349318624
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