Factory Mutual Insurance Company Postretirement Welfare Program
EIN: 50451089 · Johnston, RI
| Metric | Value |
|---|---|
| Total Revenue | $30.4M |
| Total Expenses | $16.3M |
| Net Assets | $155.6M |
Is Factory Mutual Insurance Company Postretirement Welfare Program Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Factory Mutual Insurance Company Postretirement Welfare Program
Factory Mutual Insurance Company Postretirement Welfare Program (EIN: 50451089) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $30.4M and total assets of $193.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Factory Mutual Insurance Company Postretirement Welfare Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Factory Mutual Insurance Company Postretirement Welfare Program is a large nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.6M |
| Total Expenses | $16.3M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $175.4M |
| Total Liabilities | $19.8M |
| Net Assets | $155.6M |
| Operating Margin | 12.1% |
| Debt-to-Asset Ratio | 11.3% |
| Months of Reserves | 129.0 months |
Financial Health Grade: A
In 2023, Factory Mutual Insurance Company Postretirement Welfare Program reported a surplus of $2.2M with revenue exceeding expenses, holds 129.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Factory Mutual Insurance Company Postretirement Welfare Program's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.3% | +13.0% | +13.0% |
| 2022 | -54.4% | -24.6% | -21.1% |
| 2021 | +116.4% | +31.0% | +15.5% |
| 2020 | -17.4% | -22.9% | +9.1% |
| 2019 | -3.8% | +2.0% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Factory Mutual Insurance Company Postretirement Welfare Program has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Factory Mutual Insurance Company Postretirement Welfare Program with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.3%.
Frequently Asked Questions about Factory Mutual Insurance Company Postretirement Welfare Program
Is Factory Mutual Insurance Company Postretirement Welfare Program a legitimate charity?
Factory Mutual Insurance Company Postretirement Welfare Program (EIN: 50451089) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $30.4M. No red flags identified. Financial health grade: A.
How does Factory Mutual Insurance Company Postretirement Welfare Program spend its money?
Factory Mutual Insurance Company Postretirement Welfare Program reported $30.4M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Factory Mutual Insurance Company Postretirement Welfare Program tax-deductible?
Factory Mutual Insurance Company Postretirement Welfare Program is registered as a tax-exempt nonprofit (EIN: 50451089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Factory Mutual Insurance Company Postretirement Welfare Program located?
Factory Mutual Insurance Company Postretirement Welfare Program is headquartered in Johnston, Rhode Island and files with the IRS under EIN 50451089.
How many years of IRS 990 filings does Factory Mutual Insurance Company Postretirement Welfare Program have?
Factory Mutual Insurance Company Postretirement Welfare Program has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $30.4M in total revenue.
Filing History
IRS 990 filing history for Factory Mutual Insurance Company Postretirement Welfare Program showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Factory Mutual Insurance Company Postretirement Welfare Program's revenue has grown by 639%, moving from $2.5M to $18.6M. Total assets increased by 53.5% over the same period, from $114.3M to $175.4M. Total functional expenses rose by 1961.7%, from $792K to $16.3M. In its most recent filing year (2023), Factory Mutual Insurance Company Postretirement Welfare Program reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $19.8M in liabilities against $175.4M in assets (debt-to-asset ratio: 11.3%), resulting in net assets of $155.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.6M | $16.3M | $175.4M | $19.8M | — | — |
| 2022 | $12.9M | $14.4M | $155.2M | $15.4M | — | View 990 |
| 2021 | $28.2M | $19.1M | $196.8M | $32.2M | — | View 990 |
| 2020 | $13.0M | $14.6M | $170.5M | $23.4M | — | View 990 |
| 2019 | $15.8M | $19.0M | $156.3M | $17.3M | — | View 990 |
| 2018 | $16.4M | $18.6M | $137.2M | $3.6M | — | View 990 |
| 2017 | $17.0M | $19.1M | $157.6M | $3.0M | — | View 990 |
| 2016 | $12.0M | $16.7M | $146.4M | $2.4M | — | View 990 |
| 2015 | $9.2M | $15.7M | $147.7M | $1.7M | — | View 990 |
| 2014 | $12.3M | $16.3M | $158.8M | $1.8M | — | View 990 |
| 2013 | $24.1M | $16.4M | $156.0M | $156K | — | View 990 |
| 2012 | $22.1M | $14.7M | $127.1M | $85K | — | View 990 |
| 2011 | $4.0M | $493K | $113.0M | $1.9M | — | View 990 |
| 2010 | $2.5M | $792K | $114.3M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.6M, expenses of $16.3M, and assets of $175.4M (revenue +44.3% year-over-year).
- 2022: Revenue of $12.9M, expenses of $14.4M, and assets of $155.2M (revenue -54.4% year-over-year).
- 2021: Revenue of $28.2M, expenses of $19.1M, and assets of $196.8M (revenue +116.4% year-over-year).
- 2020: Revenue of $13.0M, expenses of $14.6M, and assets of $170.5M (revenue -17.4% year-over-year).
- 2019: Revenue of $15.8M, expenses of $19.0M, and assets of $156.3M (revenue -3.8% year-over-year).
- 2018: Revenue of $16.4M, expenses of $18.6M, and assets of $137.2M (revenue -3.4% year-over-year).
- 2017: Revenue of $17.0M, expenses of $19.1M, and assets of $157.6M (revenue +41.8% year-over-year).
- 2016: Revenue of $12.0M, expenses of $16.7M, and assets of $146.4M (revenue +30.1% year-over-year).
- 2015: Revenue of $9.2M, expenses of $15.7M, and assets of $147.7M (revenue -24.9% year-over-year).
- 2014: Revenue of $12.3M, expenses of $16.3M, and assets of $158.8M (revenue -49.1% year-over-year).
- 2013: Revenue of $24.1M, expenses of $16.4M, and assets of $156.0M (revenue +9.0% year-over-year).
- 2012: Revenue of $22.1M, expenses of $14.7M, and assets of $127.1M (revenue +459.2% year-over-year).
- 2011: Revenue of $4.0M, expenses of $493K, and assets of $113.0M (revenue +57.3% year-over-year).
- 2010: Revenue of $2.5M, expenses of $792K, and assets of $114.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Factory Mutual Insurance Company Postretirement Welfare Program:
Data Sources and Methodology
This transparency report for Factory Mutual Insurance Company Postretirement Welfare Program is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.