Farmers Mutual Fire Insurance Company Of Washington County
EIN: 620198202 · Jonesborough, TN
| Metric | Value |
|---|---|
| Total Revenue | $652K |
| Total Expenses | $724K |
| Net Assets | $1.8M |
Is Farmers Mutual Fire Insurance Company Of Washington County Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Farmers Mutual Fire Insurance Company Of Washington County
Farmers Mutual Fire Insurance Company Of Washington County (EIN: 620198202) is a nonprofit organization based in Jonesborough, TN. The organization reported total revenue of $652K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmers Mutual Fire Insurance Company Of Washington County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmers Mutual Fire Insurance Company Of Washington County is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $477K |
| Total Expenses | $724K |
| Surplus / Deficit | $-246,939 |
| Total Assets | $2.2M |
| Total Liabilities | $386K |
| Net Assets | $1.8M |
| Operating Margin | -51.7% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 35.8 months |
Financial Health Grade: B
In 2023, Farmers Mutual Fire Insurance Company Of Washington County reported a deficit of $247K with expenses exceeding revenue, holds 35.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Farmers Mutual Fire Insurance Company Of Washington County's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.5% | +175.1% | -12.5% |
| 2022 | -50.7% | -73.8% | +5.5% |
| 2021 | +1.0% | +44.2% | -13.6% |
| 2020 | +1.1% | -0.9% | -6.2% |
| 2019 | -9.0% | +17.1% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Farmers Mutual Fire Insurance Company Of Washington County 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 Farmers Mutual Fire Insurance Company Of Washington County 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 deficit of $247K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Frequently Asked Questions about Farmers Mutual Fire Insurance Company Of Washington County
Is Farmers Mutual Fire Insurance Company Of Washington County a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmers Mutual Fire Insurance Company Of Washington County (EIN: 620198202) insufficient data. 0 red flags identified, 0 strengths noted.
How does Farmers Mutual Fire Insurance Company Of Washington County spend its money?
Detailed spending breakdown data is not yet available for Farmers Mutual Fire Insurance Company Of Washington County. Check back for updated IRS 990 analysis.
Are donations to Farmers Mutual Fire Insurance Company Of Washington County tax-deductible?
Farmers Mutual Fire Insurance Company Of Washington County is registered as a tax-exempt nonprofit (EIN: 620198202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farmers Mutual Fire Insurance Company Of Washington County located?
Farmers Mutual Fire Insurance Company Of Washington County is headquartered in Jonesborough, Tennessee and files with the IRS under EIN 620198202.
How many years of IRS 990 filings does Farmers Mutual Fire Insurance Company Of Washington County have?
Farmers Mutual Fire Insurance Company Of Washington County has 13 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 $652K in total revenue.
Filing History
IRS 990 filing history for Farmers Mutual Fire Insurance Company Of Washington County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Farmers Mutual Fire Insurance Company Of Washington County's revenue has grown by 36.5%, moving from $350K to $477K. Total assets decreased by 46% over the same period, from $4.0M to $2.2M. Total functional expenses fell by 32.8%, from $1.1M to $724K. In its most recent filing year (2023), Farmers Mutual Fire Insurance Company Of Washington County reported a deficit of $247K, with expenses exceeding revenue. The organization holds $386K in liabilities against $2.2M in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $477K | $724K | $2.2M | $386K | — | — |
| 2022 | $259K | $263K | $2.5M | $451K | — | View 990 |
| 2021 | $524K | $1.0M | $2.3M | $113K | — | View 990 |
| 2020 | $519K | $697K | $2.7M | $0 | — | — |
| 2019 | $514K | $703K | $2.9M | $0 | — | View 990 |
| 2018 | $564K | $600K | $3.1M | $0 | — | View 990 |
| 2017 | $512K | $469K | $3.1M | $0 | — | View 990 |
| 2016 | $555K | $882K | $3.1M | $0 | — | View 990 |
| 2015 | $496K | $768K | $3.4M | $0 | — | View 990 |
| 2014 | $427K | $765K | $3.7M | $0 | — | View 990 |
| 2013 | $522K | $777K | $4.0M | $0 | — | View 990 |
| 2012 | $955K | $692K | $4.3M | $0 | — | View 990 |
| 2011 | $350K | $1.1M | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $477K, expenses of $724K, and assets of $2.2M (revenue +84.5% year-over-year).
- 2022: Revenue of $259K, expenses of $263K, and assets of $2.5M (revenue -50.7% year-over-year).
- 2021: Revenue of $524K, expenses of $1.0M, and assets of $2.3M (revenue +1.0% year-over-year).
- 2020: Revenue of $519K, expenses of $697K, and assets of $2.7M (revenue +1.1% year-over-year).
- 2019: Revenue of $514K, expenses of $703K, and assets of $2.9M (revenue -9.0% year-over-year).
- 2018: Revenue of $564K, expenses of $600K, and assets of $3.1M (revenue +10.2% year-over-year).
- 2017: Revenue of $512K, expenses of $469K, and assets of $3.1M (revenue -7.8% year-over-year).
- 2016: Revenue of $555K, expenses of $882K, and assets of $3.1M (revenue +11.8% year-over-year).
- 2015: Revenue of $496K, expenses of $768K, and assets of $3.4M (revenue +16.4% year-over-year).
- 2014: Revenue of $427K, expenses of $765K, and assets of $3.7M (revenue -18.2% year-over-year).
- 2013: Revenue of $522K, expenses of $777K, and assets of $4.0M (revenue -45.4% year-over-year).
- 2012: Revenue of $955K, expenses of $692K, and assets of $4.3M (revenue +173.0% year-over-year).
- 2011: Revenue of $350K, expenses of $1.1M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farmers Mutual Fire Insurance Company Of Washington County:
Data Sources and Methodology
This transparency report for Farmers Mutual Fire Insurance Company Of Washington County 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.