American Share Insurance

Legal name: American Mutual Share Insurance Corporation

Nonprofit profile at a glance

EIN
237376679
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Hilliard, OH, USA
Phone
1-800-521-9922
Rating confidence
Limited

Official website

Reported finances

Revenue
$14,307,789
Expenses
$12,246,194
Assets
$372,066,644
Liabilities
$34,053,567

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • THERESA M MASON (PRESIDENT/CEO)

Highest reported compensation

  • THERESA M MASON (PRESIDENT/CEO): $818,529 total reported compensation
  • KURT R LOOSE (INTERIM CFO (1/24-4/24)/EVP, COO): $553,035 total reported compensation
  • MICHAEL D BASWELL (SALES MANAGER): $468,081 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To protect credit union members' deposits through private share insurance, advocating for the right to choose private deposit insurance to promote innovation, flexibility, and a strong, cooperative credit union movement.

What it reported doing in 2024

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.

Operating model

Revenue model
Investment-supported. 66% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 89
  • Accountability: 95
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.4%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 30.38; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 35%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 30.8% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $819K · 19 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $558K reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.