Farmers Mutual Insurance Co Of Daviess Co Mo
EIN: 440242600 · Gallatin, MO
| Metric | Value |
|---|---|
| Total Revenue | $611K |
| Total Expenses | $355K |
| Net Assets | $1.8M |
Is Farmers Mutual Insurance Co Of Daviess Co Mo 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 Insurance Co Of Daviess Co Mo
Farmers Mutual Insurance Co Of Daviess Co Mo (EIN: 440242600) is a nonprofit organization based in Gallatin, MO. The organization reported total revenue of $611K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmers Mutual Insurance Co Of Daviess Co Mo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmers Mutual Insurance Co Of Daviess Co Mo is a small nonprofit that has been operating for 39 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $355K |
| Surplus / Deficit | +$8K |
| Total Assets | $1.9M |
| Total Liabilities | $66K |
| Net Assets | $1.8M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 63.6 months |
Financial Health Grade: A
In 2021, Farmers Mutual Insurance Co Of Daviess Co Mo reported a surplus of $8K with revenue exceeding expenses, holds 63.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Farmers Mutual Insurance Co Of Daviess Co Mo's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1.0% | +25.0% | +4.2% |
| 2020 | +1.6% | -10.3% | +2.8% |
| 2019 | -1.8% | -8.9% | +6.6% |
| 2018 | +1.1% | +14.9% | -1.3% |
| 2017 | -4.1% | -2.5% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Farmers Mutual Insurance Co Of Daviess Co Mo 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 Insurance Co Of Daviess Co Mo 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Farmers Mutual Insurance Co Of Daviess Co Mo
Is Farmers Mutual Insurance Co Of Daviess Co Mo a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmers Mutual Insurance Co Of Daviess Co Mo (EIN: 440242600) insufficient data. 0 red flags identified, 0 strengths noted.
How does Farmers Mutual Insurance Co Of Daviess Co Mo spend its money?
Detailed spending breakdown data is not yet available for Farmers Mutual Insurance Co Of Daviess Co Mo. Check back for updated IRS 990 analysis.
Are donations to Farmers Mutual Insurance Co Of Daviess Co Mo tax-deductible?
Farmers Mutual Insurance Co Of Daviess Co Mo is registered as a tax-exempt nonprofit (EIN: 440242600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farmers Mutual Insurance Co Of Daviess Co Mo located?
Farmers Mutual Insurance Co Of Daviess Co Mo is headquartered in Gallatin, Missouri and files with the IRS under EIN 440242600.
How many years of IRS 990 filings does Farmers Mutual Insurance Co Of Daviess Co Mo have?
Farmers Mutual Insurance Co Of Daviess Co Mo has 11 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 $611K in total revenue.
Filing History
IRS 990 filing history for Farmers Mutual Insurance Co Of Daviess Co Mo showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Farmers Mutual Insurance Co Of Daviess Co Mo's revenue has grown by 31.2%, moving from $276K to $363K. Total assets increased by 22.9% over the same period, from $1.5M to $1.9M. Total functional expenses rose by 30.7%, from $272K to $355K. In its most recent filing year (2021), Farmers Mutual Insurance Co Of Daviess Co Mo reported a surplus of $8K, with revenue exceeding expenses. The organization holds $66K in liabilities against $1.9M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $363K | $355K | $1.9M | $66K | — | View 990 |
| 2020 | $359K | $284K | $1.8M | $294 | — | — |
| 2019 | $353K | $317K | $1.8M | $37K | — | View 990 |
| 2018 | $360K | $348K | $1.6M | $505 | — | View 990 |
| 2017 | $356K | $303K | $1.7M | $6K | — | View 990 |
| 2016 | $371K | $310K | $1.6M | $18K | — | View 990 |
| 2015 | $355K | $383K | $1.6M | $13K | — | View 990 |
| 2014 | $336K | $310K | $1.6M | $5K | — | View 990 |
| 2013 | $341K | $300K | $1.6M | $0 | — | View 990 |
| 2012 | $315K | $309K | $1.5M | $10K | — | View 990 |
| 2011 | $276K | $272K | $1.5M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $363K, expenses of $355K, and assets of $1.9M (revenue +1.0% year-over-year).
- 2020: Revenue of $359K, expenses of $284K, and assets of $1.8M (revenue +1.6% year-over-year).
- 2019: Revenue of $353K, expenses of $317K, and assets of $1.8M (revenue -1.8% year-over-year).
- 2018: Revenue of $360K, expenses of $348K, and assets of $1.6M (revenue +1.1% year-over-year).
- 2017: Revenue of $356K, expenses of $303K, and assets of $1.7M (revenue -4.1% year-over-year).
- 2016: Revenue of $371K, expenses of $310K, and assets of $1.6M (revenue +4.7% year-over-year).
- 2015: Revenue of $355K, expenses of $383K, and assets of $1.6M (revenue +5.6% year-over-year).
- 2014: Revenue of $336K, expenses of $310K, and assets of $1.6M (revenue -1.5% year-over-year).
- 2013: Revenue of $341K, expenses of $300K, and assets of $1.6M (revenue +8.3% year-over-year).
- 2012: Revenue of $315K, expenses of $309K, and assets of $1.5M (revenue +13.9% year-over-year).
- 2011: Revenue of $276K, expenses of $272K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farmers Mutual Insurance Co Of Daviess Co Mo:
Data Sources and Methodology
This transparency report for Farmers Mutual Insurance Co Of Daviess Co Mo 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.