Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUMS EARNED

  total $19,847,531 · related or exempt $18,737,654 · unrelated business $1,109,877

• 2b · Program service revenue: COMMISSIONS EARNED

  total $133,551 · related or exempt $133,551

• 3 · Investment income

  total $2,257,789 · excluded $2,257,789

• 7a · Gross sales of assets other than inventory

  securities $9,659,307

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

  securities $9,663,411

• 7c · Gain or loss

  securities -$4,104

• 7d · Net gain or loss

  total -$4,104 · excluded -$4,104

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $17,860,697 · program services $17,860,697

• 11a · Fees: management

  total $2,158,298 · management and general $2,158,298

• 11b · Fees: legal

  total $1,100 · management and general $1,100

• 11c · Fees: accounting

  total $56,384 · management and general $56,384

• 11f · Fees: investment management

  total $131,532 · management and general $131,532

• 11g · Fees: other

  total $202,923 · management and general $202,923

• 17 · Travel

  total $7,867 · management and general $7,867

• 23 · Insurance

  total $25,597 · management and general $25,597

• 24a · Other expenses: COMMISSION EXPENSE

  total $2,177,505 · program services $2,177,505

• 24b · Other expenses: PREMIUM TAX EXPENSE

  total $112,812 · program services $112,812

• 24c · Other expenses: FEDERAL INCOME TAX EXPE

  total -$11,600 · management and general -$11,600

• 24d · Other expenses: UNDERWRITING EXPENSE

  total -$35,723 · program services -$35,723

• 24e · All other expenses

  total $13,577 · program services $13,577

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $13,799,621 · end of year $13,943,802

• 4 · Accounts receivable

  beginning of year $2,109,094 · end of year $739,462

• 11 · Investments: publicly traded securities

  beginning of year $61,207,857 · end of year $66,305,624

• 15 · Other assets

  beginning of year $967,871 · end of year $1,018,787

• 17 · Accounts payable and accrued expenses

  beginning of year $2,982,565 · end of year $2,794,171

• 19 · Deferred revenue

  end of year $267,103

• 25 · Other liabilities

  beginning of year $40,222,426 · end of year $43,405,892

• 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 $32,129,298 · end of year $32,790,355

The filer's explanations (Part III)

PART I, LINE 4B

RABBI TRUST CONTRIBUTIONS: STEPHEN L. GARWOOD 4,404 MARY ELLEN MORIARTY 948