Fleet Owners Insurance Fund

Organization Overview

Fleet Owners Insurance Fund, operating under the name Care Of Receivership Management Inc, is located in Madison, TN. The organization was established in 1954. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Care Of Receivership Management Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care Of Receivership Management Inc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Care Of Receivership Management Inc generated $759.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (74.1%) each year. All expenses for the organization totaled $278.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH, WELFARE, DEATH, & OTHER BENEFITS TO COVERED MEMBERS & RETIREES & ELIGIBLE DEPENDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH, WELFARE, DEATH & OTHER BENEFITS TO COVERED MEMBERS, RETIREES, & ELIGIBLE DEPENDENTS


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Board, Officers & Key Employees

Name (title)Compensation
Robert Kavalec
Trustee
$5,192
Name Not Listed
10
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medical Mutual Of Ohio
Contract Administration
$426,529
Lance B Johnson Llp
Legal
$350,475
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $6,977
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,218
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $759

Endowment Analysis

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