Farmers Mutual Rescue Insurance Company
EIN: 351081842 · Lagrange, IN
| Metric | Value |
|---|---|
| Total Revenue | $362K |
| Total Expenses | $299K |
| Net Assets | $3.3M |
Is Farmers Mutual Rescue Insurance Company 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 Rescue Insurance Company
Farmers Mutual Rescue Insurance Company (EIN: 351081842) is a nonprofit organization based in Lagrange, IN. The organization reported total revenue of $362K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmers Mutual Rescue Insurance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmers Mutual Rescue Insurance Company is a small nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336K |
| Total Expenses | $299K |
| Surplus / Deficit | +$37K |
| Total Assets | $3.6M |
| Total Liabilities | $283K |
| Net Assets | $3.3M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 143.7 months |
Financial Health Grade: A
In 2023, Farmers Mutual Rescue Insurance Company reported a surplus of $37K with revenue exceeding expenses, holds 143.7 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Farmers Mutual Rescue Insurance Company's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | +21.3% | +10.4% |
| 2022 | -27.0% | +5.2% | -12.7% |
| 2021 | -21.8% | -61.9% | +20.3% |
| 2020 | +41.5% | +101.9% | +5.1% |
| 2019 | +12.3% | +66.8% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Farmers Mutual Rescue Insurance Company 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 Rescue Insurance Company 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Frequently Asked Questions about Farmers Mutual Rescue Insurance Company
Is Farmers Mutual Rescue Insurance Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmers Mutual Rescue Insurance Company (EIN: 351081842) insufficient data. 0 red flags identified, 0 strengths noted.
How does Farmers Mutual Rescue Insurance Company spend its money?
Detailed spending breakdown data is not yet available for Farmers Mutual Rescue Insurance Company. Check back for updated IRS 990 analysis.
Are donations to Farmers Mutual Rescue Insurance Company tax-deductible?
Farmers Mutual Rescue Insurance Company is registered as a tax-exempt nonprofit (EIN: 351081842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farmers Mutual Rescue Insurance Company located?
Farmers Mutual Rescue Insurance Company is headquartered in Lagrange, Indiana and files with the IRS under EIN 351081842.
How many years of IRS 990 filings does Farmers Mutual Rescue Insurance Company have?
Farmers Mutual Rescue Insurance Company 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 $362K in total revenue.
Filing History
IRS 990 filing history for Farmers Mutual Rescue Insurance Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Farmers Mutual Rescue Insurance Company's revenue has grown by 107.5%, moving from $162K to $336K. Total assets increased by 165.3% over the same period, from $1.3M to $3.6M. Total functional expenses rose by 38.3%, from $216K to $299K. In its most recent filing year (2023), Farmers Mutual Rescue Insurance Company reported a surplus of $37K, with revenue exceeding expenses. The organization holds $283K in liabilities against $3.6M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $299K | $3.6M | $283K | — | View 990 |
| 2022 | $283K | $246K | $3.2M | $264K | — | View 990 |
| 2021 | $387K | $234K | $3.7M | $276K | — | View 990 |
| 2020 | $495K | $615K | $3.1M | $238K | — | View 990 |
| 2019 | $350K | $305K | $2.9M | $267K | — | View 990 |
| 2018 | $312K | $183K | $2.5M | $248K | — | View 990 |
| 2017 | $252K | $198K | $2.5M | $268K | — | — |
| 2016 | $328K | $280K | $2.1M | $230K | — | View 990 |
| 2015 | $272K | $208K | $2.0M | $285K | — | View 990 |
| 2014 | $318K | $222K | $2.0M | $267K | — | View 990 |
| 2013 | $292K | $251K | $1.8M | $265K | — | View 990 |
| 2012 | $201K | $115K | $1.5M | $194K | — | View 990 |
| 2011 | $162K | $216K | $1.3M | $192K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $299K, and assets of $3.6M (revenue +18.8% year-over-year).
- 2022: Revenue of $283K, expenses of $246K, and assets of $3.2M (revenue -27.0% year-over-year).
- 2021: Revenue of $387K, expenses of $234K, and assets of $3.7M (revenue -21.8% year-over-year).
- 2020: Revenue of $495K, expenses of $615K, and assets of $3.1M (revenue +41.5% year-over-year).
- 2019: Revenue of $350K, expenses of $305K, and assets of $2.9M (revenue +12.3% year-over-year).
- 2018: Revenue of $312K, expenses of $183K, and assets of $2.5M (revenue +23.9% year-over-year).
- 2017: Revenue of $252K, expenses of $198K, and assets of $2.5M (revenue -23.3% year-over-year).
- 2016: Revenue of $328K, expenses of $280K, and assets of $2.1M (revenue +20.4% year-over-year).
- 2015: Revenue of $272K, expenses of $208K, and assets of $2.0M (revenue -14.2% year-over-year).
- 2014: Revenue of $318K, expenses of $222K, and assets of $2.0M (revenue +9.0% year-over-year).
- 2013: Revenue of $292K, expenses of $251K, and assets of $1.8M (revenue +45.4% year-over-year).
- 2012: Revenue of $201K, expenses of $115K, and assets of $1.5M (revenue +23.8% year-over-year).
- 2011: Revenue of $162K, expenses of $216K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farmers Mutual Rescue Insurance Company:
Data Sources and Methodology
This transparency report for Farmers Mutual Rescue Insurance Company 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.