2025-11-17T16:02:13-05:00 2024-12-31 205520612 L M HENDERSON & COMPANY LLP 450 E 96TH ST STE 200 INDIANAPOLIS IN 462403797 990 2024-01-01 350539460 NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES INC NATI 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 NATHAN SALATI CFO 3178755250 2025-11-17 true false JAMES J CLINE P00151432 3175661000 2025-11-17 2024 2025-03-06 01:10:19Z NEIL ALLDREDGE 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 24521996 false X WWW.NAMIC.ORG X 1919 IN NAMIC IS A PROPERTY-CASUALTY INSURANCE TRADE ASSSOCIATION PROVIDING LEADERSHIP IN ADVOCACY, EDUCATION, AND ASSOCIATION SERVICES. 21 21 104 22 63000 41801 0 22377993 23679724 172580 637482 77793 88433 22628366 24405639 0 0 13081295 14870087 0 0 9007817 11009341 22089112 25879428 539254 -1473789 24043020 25147236 5410267 6224670 18632753 18922566 X NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. false false GOVERNMENT AFFAIRS/ADVOCACY - NAMIC LEADS MEMBER EFFORTS IN THIS AREA THROUGH ITS FEDERAL, STATE AND INTERNATIONAL GOVERNMENT AND PUBLIC AFFAIRS ACTIVITY (ISSUE RESEARCH/MANAGEMENT, ADVOCACY, LOBBYING); CONGRESSIONAL CONTACT AND POLITICAL ACTION PROGRAMS, JOINT INDUSTRY OR INDIVIDUAL ADVOCACY PROJECT EFFORTS, ONGOING COMMUNICATION AND EDUCATION ON RELEVANT PUBLIC POLICY ISSUES AND RELATED ENTITY SUPPORT AND OVERSIGHT. EDUCATION AND CERTIFICATION - NAMIC DEVELOPS, ORGANIZES AND CONDUCTS IN- PERSON AND VIRTUAL INDUSTRY/MEMBER EDUCATION AND EVENT PROGRAMS ADDRESSING INSURANCE COMPANY OPERATIONS (UNDERWRITING, CLAIMS, MARKETING), GOVERNANCE, AND GENERAL/EXECUTIVE MANAGEMENT INVOLVING MORE THAN 7,500 PARTICIPANTS ANNUALLY. NAMIC ALSO PROVIDES PROGRAMMING AND ADMINISTRATION OF TWO CERTIFICATION PROGRAMS FOR MEMBER COMPANY BOARDS OF DIRECTORS AND COMPANY MANAGERS INVOLVING MORE THAN 1,200 INDIVIDUALS SEEKING OR HOLDING CERTIFICATIONS. NAMIC PLANS AND MANAGES AN ANNUAL CONVENTION ATTENDED BY MORE THAN 1,500 BUSINESS ATTENDEES AND EXHIBITORS. INSURANCE SUPPORT SERVICES - NAMIC OVERSEES THE DEVELOPMENT AND PRODUCTION OF HIGH VALUE PRODUCTS AND SERVICES TO ITS MEMBERS AND OTHER INSURANCE ENTITIES, INCLUDING PROFESSIONAL LIABILITY INSURANCE (D&O, ICPL, AND FIDELITY); MANAGEMENT SERVICES; LEGISLATION AND COMPLIANCE TRACKING SERVICES; BENCHMARKING; AND BENEFIT PROGRAMS FOR MEMBER COMPANY EMPLOYEES. false false true true false false false false false false true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 60 0 true 104 true true true false false false true true false true false X 21 21 false false false false true true true true true false true true true true true true true true true true false IN X NATHAN SALATI 3178755250 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 NEIL ALLDREDGE PRESIDENT & 25.00 15.00 X 800158 430854 71737 JIMI GRANDE SVP - FEDERA 39.00 1.00 X 586851 0 91322 ERIN COLLINS SVP - STATE 40.00 X 386554 0 50385 SARAH SCHNETTLER SVP - MEMBER 39.00 1.00 X 382258 0 45820 JENNIFER HAMILTON PRES. & CEO 1.50 37.50 X 0 357354 29398 ANDREW KIRKNER GENERAL COUN 27.00 13.00 X 205741 110783 37046 CRISTA HASSETT SVP - EVENTS 39.00 1.00 X 310492 0 36622 MARK VANDER KOOY FORMER CSO 29.00 11.00 X 244391 81464 13512 THOMAS KAROL GENERAL COUN 40.00 X 240815 0 14543 SHANNON OLLIKAINEN CHIEF OF STA 26.00 14.00 X 122112 65753 34796 NATHAN SALATI CFO 30.00 10.00 X 91832 49448 23461 RANDA RAWLINS DIRECTOR 1.50 0.50 X 0 0 0 STEVE STOGNER DIRECTOR 1.50 0.50 X 0 0 0 JESSIE STAUFFACHER DIRECTOR 1.50 0.50 X 0 0 0 SUSAN TAGGART DIRECTOR 1.50 1.50 X 0 0 0 WENSLEY HERBERT DIRECTOR 1.50 0.50 X 0 0 0 JEFFERY HOWELL DIRECTOR 1.50 0.50 X 0 0 0 FRED EDMOND JR DIRECTOR 1.50 0.50 X 0 0 0 MATT BENEDICT DIRECTOR 1.50 0.50 X 0 0 0 BRAD FORTNER DIRECTOR 1.50 0.50 X 0 0 0 KATHY GOLOVAN DIRECTOR 1.50 0.50 X 0 0 0 LISA LOTT DIRECTOR 1.50 0.50 X 0 0 0 SCOTT JEAN DIRECTOR 1.50 1.00 X 0 0 0 JIM WELLMAN DIRECTOR 1.50 0.50 X 0 0 0 JEFF WROBEL DIRECTOR 1.00 1.50 X 0 0 0 ANDY GERLACH DIRECTOR 1.50 0.50 X 0 0 0 JOEL MURRAY DIRECTOR 1.50 0.50 X 0 0 0 ELIZABETH HECK CHAIRMAN 1.00 1.50 X X 0 0 0 MARK RUSSELL CHAIR-ELECT 1.00 1.50 X X 0 0 0 MARK WALZ VICE CHAIR 1.00 1.50 X X 0 0 0 PAUL STUEVEN SECRETARY 1.00 1.50 X X 0 0 0 TRICIA MICKLEY TREASURER 1.00 1.50 X X 0 0 0 JACOB BLACK IMMED PAST C 1.00 1.50 X 0 0 0 3371204 1095656 448642 46 false true false FREEMAN 1600 VICEROY STE 100 DALLAS TX 75266 EXHIBIT SERVICE 292475 EMBER LLC 59 STATE STREET NEWBURYPORT MA 01950 EVENT PLANNING 284848 FEDERAL HALL POLICY ADVISORS 1455 PENNSLYVANIA AVE NW WASHINGTON DC 20004 ADVOCACY 175000 CROSSROADS STRATEGIES LLC 800 NORTH CAPITOL ST NW STE 800 WASHINGTON DC 20002 LEGAL SUPPORT 120000 4 MEMBERSHIP DUES 524298 14944547 14944547 EDUCATIONAL MEETINGS/SEMINARS 524298 8485802 8485802 PUBLICATIONS 524298 249375 249375 23679724 514477 514477 239362 116357 123005 123005 123005 ADVERTISING INCOME 541800 63000 63000 MISCELLANEOUS REVENUE 900099 25433 25433 88433 24405639 23828162 63000 514477 3094443 9072457 622917 1298473 781797 19170 17446 6199 1247562 6092 582733 1226701 944625 3494095 879 28569 127842 CONTRIBUTIONS 1683910 SOFTWARE SUBSCRIPTION 458147 DUES AND REGISTRATIONS 403698 SPEAKER FEES 390535 371138 25879428 0 0 0 26510 28343 3055621 3544825 2539799 1562784 441265 441497 5012059 5323193 10776576 12204493 542808 2191190 1499293 24043020 25147236 3127041 3776462 951658 1328394 1331568 1119814 5410267 6224670 X 18632753 18922566 18632753 18922566 24043020 25147236 X -1473789 113191 1650411 X false true X true false false NAMIC ADVOCACY FUND 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 743030312 false false false 14944547 3444707 3444707 3444707 CERTIFICATES OF DEPOSIT 5123835 C NAMIC SERVICE CORPORATION 4210881 C NAMIC INSURANCE AGENCY 1804041 C NAMICO, INC. 830048 F MARKET VALUE ADJUSTMENT 235688 F 12204493 RIGHT-OF-USE ASSETS 994524 CASH SURRENDER OF LIFE INS 504769 1499293 LEASE LIABILITY 1111135 INCOME TAXES PAYABLE 8679 1119814 X 24518830 113191 113191 24405639 24405639 25873453 25873453 5975 5975 25879428 SCHEDULE D, PAGE 3, PART X NAMIC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES. FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023, MANAGEMENTDOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE COMPANIES RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE COMPANIES' FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITY, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE TAX RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XII, LINE 4B INCOME TAX 5,975 X X X true true X X X X X X true false false NEIL ALLDREDGE PRESIDENT & CEO 468286 430854 299250 32622 38725 33012 871895 430854 JIMI GRANDE SVP - FEDERAL 407353 138521 40977 67330 23992 678173 ERIN COLLINS SVP - STATE AFFAIRS 287886 95875 2793 24802 25583 436939 SARAH SCHNETTLER SVP - MEMBER EXP 285336 93975 2947 21588 24232 428078 JENNIFER HAMILTON PRES. & CEO - NAMICO 296328 58000 3026 18600 10798 386752 ANDREW KIRKNER GENERAL COUNSEL 156441 110783 46240 3060 16842 20204 242787 110783 CRISTA HASSETT SVP - EVENTS 232294 75000 3198 27470 9152 347114 MARK VANDER KOOY FORMER CSO 14521 81464 97500 132370 7708 5804 257903 81464 THOMAS KAROL GENERAL COUNSEL- FED 235483 5332 13847 696 255358 SHANNON OLLIKAINEN CHIEF OF STAFF 77233 65753 27810 17069 10804 23992 156908 65753 NATHAN SALATI CFO 89279 49448 2553 8639 14822 115293 49448 SCHEDULE J, PAGE 1, PART I, LINE 4 MARK VANDER KOOY 131,991 0 0 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 4B: IN ORDER TO RETAIN EXECUTIVE MANAGEMENT, NAMIC CREATED NONQUALIFIED PLANS TO ADDRESS RETIREMENT PLAN LIMITATIONS FOR EXECUTIVE STAFF - A DEFINED BENEFIT "EXCESS" PLAN AND A DEFINED CONTRIBUTION "EXCESS" PLAN - SEPARATE UNFUNDED (NON-QUALIFIED) PLANS THAT PROVIDE A COMPARABLE BENEFIT FOR EXECUTIVE PAY IN EXCESS OF ANY QUALIFIED PLAN LIMIT. FORM 990 - ORGANIZATION'S MISSION NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. FORM 990, PAGE 6, PART VI, LINE 6 NAMIC MEMBERS ELECT DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS INVOLVING THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND MAY NOT BE REMOVED EXCEPT BY THE MEMBERS. THE OFFICER POSITIONS OF CHAIR ELECT, VICE CHAIR, SECRETARY, AND TREASURER REQUIRE THE VOTE OF THE MEMBERSHIP EACH YEAR AND MAY NOT BE REMOVED FROM OFFICE EXCEPT BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL NAMIC BOARD MEMBERS FOR REVIEW AND COMMENT. THE AUDIT/FINANCE COMMITTEE OF THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE EACH YEAR. IN ADDITION, DURING BOARD MEMBER ORIENTATIONS THERE IS A REVIEW OF THE CONFLICT/DISCLOSURE POLICY. THE BOARD AGENDA IS REVIEWED EACH QUARTER WITH THE EXPRESS PURPOSE OF IDENTIFYING POTENTIAL CONFLICTS INVOLVING DIRECTORS. INDIVIDUAL DIRECTORS WILL ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY ITEM OR MATTER UNDER DISCUSSION WHICH PRESENTS THE APPEARANCE OF A CONFLICT. ALSO, THE CHAIRMAN OF THE BOARD IS AUTHORIZED TO IDENTIFY POTENTIAL CONFLICTS AND ADDRESS THEM ON HIS/HER OWN INITIATIVE. ANY IDENTIFIED CONFLICTS (AND RESULTING ABSTENTIONS) ARE NOTED IN THE MINUTES OF THE MEETING. FORM 990, PAGE 6, PART VI, LINE 15A RELEVANT SALARY SURVEYS ARE CONSULTED AND A MEMO IS PROVIDED TO THE COMPENSATION COMMITTEE REGARDING APPROPRIATE MARKET VALUE SALARY RANGES. THE COMMITTEE REVIEWS SALARIES ANNUALLY AND SETS THE PRESIDENT'S SALARY AND SETS UP BONUS PLANS. FORM 990, PAGE 6, PART VI, LINE 15B THE NAMIC COMPENSATION COMMITTEE REVIEWS THE ENTIRE COMPENSATION BUDGET FOR THE ASSOCIATION. INTERNALLY, HUMAN RESOURCES AND UPPER MANAGEMENT REVIEW AND ESTABLISH OFFICER AND KEY EMPLOYEE SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 NAMIC MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9 CURRENT YEAR INCOME FROM SUBSIDIARIES 1,587,266 EQUITY IN INCOME OF AFFILIATES 53,625 RECOGNITION OF PERIODIC PENSION COST 9,520 TOTAL 1,650,411 NAMIC GROUP INSURANCE TRUST PO BOX 68700 INDIANAPOLIS IN 46268 351545846 BENEFITS IN 501C9 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO ADMIN FD - 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 743030312 PAC SUPPOR IN 527 NAMIC INC false NTL ASSOC OF MUTUAL INSUR CO PAC 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351768626 PAC SUPPOR IN 527 NA false NAMIC MUTUAL INSURANCE FDN 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 822815065 EDUCATION IN 501C3 7 NAMIC INC false NAMIC SERVICE CORPORATION 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351176317 MGMNT-INS. IN NAMIC INC C CORP 1660340 14786190 1.00000 false NAMIC INSURANCE AGENCY 3601 VINCENNES ROAD INDIANAPOLIS IN 46268 351469772 INSURANCE IN NSC C CORP false NAMIC INSURANCE COMPANY INC PO BOX 68700 INDIANAPOLIS IN 46268 351701158 INSURANCE IN NA C CORP 39497 1887528 0.02280 false false true false false false false false false false true false true false true true false true false true NAMIC SERVICE CORPORATION J 801030 COST NAMIC SERVICE CORPORATION O 963788 COST NAMIC INSURANCE COMPANY INC Q 95004 COST NAMIC ADVOCACY FUND Q 316516 COST NAMIC ADVOCACY FUND B 1250000 COST NAMIC ADVOCACY FUND S 301530 COST NAMIC MUTUAL INSURANCE FDN L 91090 COST NAMIC MUTUAL INSURANCE FDN B 5000 COST NAMIC MUTUAL INSURANCE FDN Q 185009 COST