Nonprofit · EIN 23-7376679
AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES
Tax-exempt · DUBLIN, OH 43017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,307,789 | $12,246,194 | $2,061,595 | $372,066,644 | $34,053,567 | $338,013,077 |
| December 31, 2023 | 990 | $9,597,138 | $11,728,514 | -$2,131,376 | $357,462,134 | $32,672,127 | $324,790,007 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $10,328,831
- Net gain from sales of assets
- $2,606,395
- Other revenue
- $3,978,958
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,160,729
- Other salaries and wages
- $3,609,147
- Salaries, compensation and benefits (total)
- $6,855,039
- Professional fundraising fees
- $0
- Legal fees
- $252,165
- Accounting fees
- $443,677
- Occupancy
- $175,625
- Travel
- $285,500
- Depreciation
- $123,110
Balance sheet and other
- Total assets, start of year
- $357,462,134
- Total assets, end of year
- $372,066,644
- Total liabilities, end of year
- $34,053,567
- Net assets, end of year
- $338,013,077
- Land, buildings and equipment
- $853,538
- Publicly traded securities
- $301,089,844
- Gross unrelated business income
- $3,978,407
- Gross receipts
- $124,435,976
- Employees
- 33
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA M MASON | PRESIDENT/CEO Officer | 45 | $595,030 | $223,499 |
| KURT R LOOSE | INTERIM CFO (1/24-4/24)/EVP, COO Officer | 45 | $449,882 | $103,153 |
| MICHAEL D BASWELL | SALES MANAGER Highest-paid employee | 45 | $426,715 | $41,366 |
| KURT G KLUTH | VP INFORMATION TECHNOLOGY Key employee | 45 | $323,635 | $140,952 |
| DAVID W KETTLEHAKE | VP SALES & MARKETING Key employee | 45 | $271,621 | $121,489 |
| DON E GENSLER | SALES MANAGER Highest-paid employee | 45 | $336,906 | $30,500 |
| JEFFREY SIEFKER | CFO/SECRETARY/TREASURER (BEGIN 4/24) Officer | 45 | $214,922 | $54,567 |
| SHAWN KESSINGER | CONTROLLER Highest-paid employee | 45 | $189,552 | $40,199 |
| DAN ZUBER | SENIOR FINANCE MANAGER Highest-paid employee | 45 | $181,313 | $43,648 |
| CARA WIERMAN | DIRECTOR, HR, ADMIN & PROGRAMS Highest-paid employee | 45 | $174,177 | $19,671 |
| J PAUL MCCAFFREY | CFO/SECRETARY/TREASURER (END 1/24) Officer | 45 | $152,539 | $190 |
| CHRISTINE K HALEY | BOARD CHAIR/DIRECTOR Trustee or director, Officer | 1 | $23,900 | $0 |
| BRAD SWARTZENTUBER | DIRECTOR Trustee or director | 1 | $23,500 | $0 |
| JAMES C MILES | VICE CHAIR/DIRECTOR Trustee or director | 1 | $22,000 | $0 |
| ROSEMARIE BARTOLOMUCCI | DIRECTOR Trustee or director | 1 | $22,000 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DUSTIN CUTRISS | DIRECTOR Trustee or director | 1 | $20,500 |
| SCOTT ARKILLS | DIRECTOR Trustee or director | 1 | $20,500 |
| JOSEPH TROSCLAIR | DIRECTOR (BEGIN 04/24) Trustee or director | 1 | $12,000 |
| ELIZABETH A CALDERONE | DIRECTOR (END 04/24) Trustee or director | 1 | $8,700 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS R ADAMS | FORMER PRESIDENT/CEO Former | 0 | $895,000 | $0 |
| THERESA M MASON | PRESIDENT/CEO Officer | 45 | $500,210 | $86,680 |
| KURT R LOOSE | EVP, COO Key employee | 45 | $396,308 | $72,301 |
| J PAUL MCCAFFREY | CFO/SECRETARY/TREASURER Officer | 45 | $284,697 | $82,580 |
| MICHAEL D BASWELL | SALES MANAGER Highest-paid employee | 45 | $335,897 | $31,127 |
| KURT G KLUTH | VP INFORMATION TECHNOLOGY Key employee | 45 | $252,937 | $86,667 |
| DON E GENSLER | SALES MANAGER Highest-paid employee | 45 | $288,292 | $19,732 |
| DAVID W KETTLEHAKE | VP SALES & MARKETING Key employee | 45 | $210,715 | $54,111 |
| SHAWN KESSINGER | CONTROLLER Highest-paid employee | 45 | $172,403 | $26,890 |
| DAN ZUBER | SENIOR FINANCE MANAGER Highest-paid employee | 45 | $158,067 | $30,599 |
| CHAD E WAITS | AUDIT & EXAMINATION MANAGER Highest-paid employee | 45 | $147,034 | $36,265 |
| CHRISTINE K HALEY | CHAIR (BEGIN 04/23)/DIRECTOR Trustee or director, Officer | 1 | $24,000 | $0 |
| JAMES C MILES | VICE CHAIR (BEGIN 04/23)/DIRECTOR Trustee or director, Officer | 1 | $23,500 | $0 |
| BRAD SWARTZENTUBER | DIRECTOR Trustee or director | 1 | $21,000 | $0 |
| ELIZABETH A CALDERONE | CHAIR (END 04/23)/DIRECTOR Trustee or director, Officer | 1 | $21,000 | $0 |
| SCOTT ARKILLS | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| ROSEMARIE BARTOLOMUCCI | DIRECTOR (BEGIN 4/23) Trustee or director | 1 | $17,500 | $0 |
| KEVIN W WILLOUR | DIRECTOR (END 11/23) Trustee or director | 1 | $17,000 | $0 |
| JANICE L THOMAS | DIRECTOR (END 4/23) Trustee or director | 1 | $15,500 | $0 |
| DUSTIN CUTRISS | DIRECTOR (BEGIN 12/23) Trustee or director | 1 | $1,500 | $0 |
Address and contacts
- Address (IRS master file)
- 5656 FRANTZ RD, DUBLIN, OH 43017-2552
- Principal officer (990 for 2024)
- THERESA M MASON, 5656 FRANTZ ROAD, DUBLIN, OH 430172599
- Signed the 990
- CURTIS L ROBSON, CFO, SECRETARY & TREASURER
- Phone
- (614) 764-1900
- Website
- WWW.AMERICANSHARE.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
TO PROVIDE PRIMARY AND EXCESS SHARE (DEPOSIT) INSURANCE TO CREDIT UNIONS IN ACCORDANCE WITH ITS STATUTORY AUTHORITY UNDER OHIO REVISED CODE SECTION 1761, AS A MEMBER-OWNED, MUTUALLY ORGANIZED SHARE GUARANTY CORPORATION, AND THE NATION'S LARGEST NON-FEDERAL INSURER OF CREDIT UNION DEPOSITS.
Program accomplishments
- AMERICAN MUTUAL SHARE INSURANCE CORPORATION (ASI) PROVIDES PRIMARY AND EXCESS SHARE (DEPOSIT) INSURANCE TO CREDIT UNIONS UNDER OHIO REVISED CODE SECTION 1761, AS A MEMBER-OWNED, MUTUALLY ORGANIZED SHARE GUARANTY CORPORATION, AND THE NATION'S LARGEST NON-FEDERAL INSURER OF CONSUMER DEPOSITS. APPROXIMATELY 95 MEMBER CREDIT UNIONS IN 10 STATES WERE SERVED BY ASI IN 2024 AND THE AGGREGATE NUMBER OF INDIVIDUAL MEMBERS IN THOSE CREDIT UNIONS INSURED BY ASI IS ESTIMATED TO BE APPROXIMATELY 1.3 MILLION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7376679
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $378,925,361
- Income (IRS master file)
- $103,203,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,307,789 | $12,246,194 | $372,066,644 | XML |
| 990 | December 2023 | $9,597,138 | $11,728,514 | $357,462,134 | XML |
| 990 | December 2022 | $14,373,728 | $10,256,132 | $346,716,309 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7376679).
Questions about AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES
- What is the EIN of AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES?
- The employer identification number (EIN) of AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES is 23-7376679.
- Is AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Which annual return does AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES?
- The 990 for the year ended December 31, 2024 names THERESA M MASON.
- Who are the officers and directors of AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES?
- The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $595,030 (THERESA M MASON, PRESIDENT/CEO).
- How much revenue does AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,307,789, expenses of $12,246,194 and total assets of $372,066,644 at year end.
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