Educators Mutual Insurance Association
501(c)(9)
Strong reserves Declining revenue
Educators Mutual Insurance Association is a 501(c)(9) organization based in Salt Lake Cty, Utah, registered in 1941, with $58,059,378 in FY2023 revenue.
5101 S Commerce Dr, Salt Lake Cty, UT, 84107 EIN 87-0189237 Since 1941
Revenue (FY2023)
$58.1M
▲ 11.1% vs prior year
Expenses (FY2023)
$54.3M
Net assets
$174.2M
Employees
62
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Educators Mutual Insurance Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating38 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Educators Mutual Insurance Association: 38 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Educators Mutual Insurance Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Educators Mutual Insurance Association: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide life, accident, & health insurance to educational groups.
What they do
Provide life, accident, and health insurance to educational groups.
Contact & location
- Address
- 5101 S Commerce Dr, Salt Lake Cty, UT, 84107
- City
- Salt Lake Cty
- State
- Utah
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $48.2M (FY2013) to $58.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $36.5MNet assets $174.2M
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$210.7M
Total liabilities
$36.5M
Net assets
$174.2M
Salaries & benefits
$10.3M
19% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $58,059,378▲11.1% | $54,321,705▲37.9% | $174,156,875▲1.0% | $210,691,146▲4.9% | 990 |
| 2022 | $52,240,394▼3.8% | $39,386,311▼2.8% | $172,456,654▲8.2% | $200,849,633▲4.2% | 990 |
| 2021 | $54,287,384▼33.5% | $40,530,090▼42.2% | $159,354,806▲8.3% | $192,680,781▲1.5% | 990 |
| 2020 | $81,626,178▼9.2% | $70,099,990▼7.6% | $147,132,693▲21.1% | $189,850,376▲11.3% | 990 |
| 2019 | $89,903,968▼3.7% | $75,840,736▼8.1% | $121,465,092▲21.8% | $170,515,820▲7.1% | 990 |
| 2018 | $93,334,890▲105% | $82,488,479▲119% | $99,740,705▲17.4% | $159,285,953▲34.2% | 990 |
| 2017 | $45,568,016▼5.8% | $37,618,606▼3.8% | $84,943,138▲8.7% | $118,700,003▲14.0% | 990 |
| 2016 | $48,384,829▲2.7% | $39,112,062▼9.9% | $78,126,301▲20.1% | $104,142,589▲13.5% | 990 |
| 2015 | $47,131,375▲4.8% | $43,422,423▲17.3% | $65,026,294▲11.3% | $91,723,134▲5.8% | 990 |
| 2014 | $44,967,190▼6.6% | $37,023,260▼16.0% | $58,420,101▲10.6% | $86,731,224▲14.3% | 990 |
| 2013 | $48,163,064 | $44,084,101▼1.5% | $52,799,568▲24.2% | $75,850,338▲11.3% | 990 |
| 2012 | — | $44,754,923▼27.3% | $42,509,061▲3.7% | $68,177,951▼1.1% | 990 |
| 2011 | — | $61,596,242▼3.0% | $41,002,714▼13.3% | $68,938,850▼6.8% | 990 |
| 2010 | — | $63,487,729 | $47,297,927 | $73,970,789 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Steven C Morrison — $182,268 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven C Morrison | Ceo | 11 | $182,268 |
| Michael Greenhalgh | Cfo | 11 | $135,180 |
| David Ryan Lowther | Coo & Secret | 11 | $95,900 |
| David Scott Wood | Chief Actuar | 11 | $81,080 |
| Cindy Dunnavant | Vp Sales & M | 11 | $73,250 |
| Jeremy Spencer | Vp Operation | 11 | $70,059 |
| Joseph H Campbell | Chief Info O | 11 | $60,242 |
| Brandon L Smart | Chief Legal | 11 | $58,272 |
| Brandon Jorgensen | Sales Manage | 11 | $51,217 |
| Stephen Clay | Controller | 11 | $47,052 |
| Roger Proctor | It Dev. Mana | 11 | $45,653 |
| Justin Bleazard | Vp Underwrit | 11 | $44,744 |
| Tiffany Bermingham | Vp Enrollmen | 11 | $43,452 |
| Corey Callahan | Director | 1 | $2,840 |
| Paul Gottfredson | Director | 1 | $2,525 |
| Scott Thornton | Director | 1 | $2,525 |
| Randall Reid Smart | Director | 1 | $2,209 |
| Wendell Page Bennett | Director | 1 | $2,209 |
| Jennifer Boehme | Director | 1 | $1,894 |
| Bryan Sprague | Director | 1 | $1,841 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Eldorado Computing | Software | $843,286 |
| Zelis Payments Holding DBA | Print & Mailing | $519,583 |
| Utah Health Information Network | Claims/scanning | $495,945 |
| Valcom Salt Lake City Lc | It Services | $427,436 |
| Deerwalk Inc | Software | $374,467 |
Grants made · $3.0M in FY2021
1 grant totaling $3.0M in FY2021. All grants made by Educators Mutual Insurance Association →
| Recipient | Purpose | Amount |
|---|---|---|
| Friend To Friend Inc | Initial funding | $3,000,000 |
Frequently asked questions
- Is Educators Mutual Insurance Association a legitimate nonprofit?
- Yes. Educators Mutual Insurance Association is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 87-0189237, based in Salt Lake Cty, Utah.
- What is Educators Mutual Insurance Association's EIN?
- Educators Mutual Insurance Association's Employer Identification Number (EIN) is 87-0189237.
- How much revenue does Educators Mutual Insurance Association report?
- Educators Mutual Insurance Association reported $58,059,378 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Educators Mutual Insurance Association's highest-paid employee make?
- The highest reported compensation on Educators Mutual Insurance Association's latest Form 990 is $182,268, paid to Steven C Morrison (Ceo).
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Data for Educators Mutual Insurance Association (EIN 87-0189237) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.