Hanson Farm Mutual Insurance Co
EIN: 460133640 · Alexandria, SD
| Metric | Value |
|---|---|
| Total Expenses | $204K |
| Net Assets | $818K |
Is Hanson Farm Mutual Insurance Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hanson Farm Mutual Insurance Co
Hanson Farm Mutual Insurance Co (EIN: 460133640) is a nonprofit organization based in Alexandria, SD. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanson Farm Mutual Insurance Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanson Farm Mutual Insurance Co is a small nonprofit, with 9 years of IRS 990 filings on record (2010–2018).
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $204K |
| Surplus / Deficit | +$60K |
| Total Assets | $1.0M |
| Total Liabilities | $194K |
| Net Assets | $818K |
| Operating Margin | 22.7% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 59.6 months |
Financial Health Grade: A
In 2018, Hanson Farm Mutual Insurance Co reported a surplus of $60K with revenue exceeding expenses, holds 59.6 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -12.1% | -32.9% | +8.8% |
| 2017 | -3.5% | +70.0% | -0.7% |
| 2016 | +48.5% | +0.4% | +15.3% |
| 2015 | -11.1% | -36.3% | +13.2% |
| 2014 | +15.6% | +28.1% | -6.7% |
AI Analysis Pending
AI enrichment for Hanson Farm Mutual Insurance Co 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 Hanson Farm Mutual Insurance Co 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Frequently Asked Questions about Hanson Farm Mutual Insurance Co
Is Hanson Farm Mutual Insurance Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Hanson Farm Mutual Insurance Co (EIN: 460133640) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hanson Farm Mutual Insurance Co spend its money?
Detailed spending breakdown data is not yet available for Hanson Farm Mutual Insurance Co. Check back for updated IRS 990 analysis.
Are donations to Hanson Farm Mutual Insurance Co tax-deductible?
Hanson Farm Mutual Insurance Co is registered as a tax-exempt nonprofit (EIN: 460133640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hanson Farm Mutual Insurance Co located?
Hanson Farm Mutual Insurance Co is headquartered in Alexandria, South Dakota and files with the IRS under EIN 460133640.
How many years of IRS 990 filings does Hanson Farm Mutual Insurance Co have?
Hanson Farm Mutual Insurance Co has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Hanson Farm Mutual Insurance Co showing financial trends over 9 years of public records:
Total assets increased by 26.2% over the same period, from $802K to $1.0M. Total functional expenses fell by 52.2%, from $426K to $204K. In its most recent filing year (2018), Hanson Farm Mutual Insurance Co reported a surplus of $60K, with revenue exceeding expenses. The organization holds $194K in liabilities against $1.0M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $818K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $263K | $204K | $1.0M | $194K | — | View 990 |
| 2017 | $300K | $304K | $930K | $171K | — | View 990 |
| 2016 | $311K | $179K | $936K | $174K | — | View 990 |
| 2015 | $209K | $178K | $812K | $181K | — | View 990 |
| 2014 | $236K | $279K | $717K | $118K | — | View 990 |
| 2013 | $204K | $218K | $768K | $126K | — | View 990 |
| 2012 | $205K | $270K | $767K | $110K | — | View 990 |
| 2011 | $0 | $412K | $831K | $0 | — | View 990 |
| 2010 | $0 | $426K | $802K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $263K, expenses of $204K, and assets of $1.0M (revenue -12.1% year-over-year).
- 2017: Revenue of $300K, expenses of $304K, and assets of $930K (revenue -3.5% year-over-year).
- 2016: Revenue of $311K, expenses of $179K, and assets of $936K (revenue +48.5% year-over-year).
- 2015: Revenue of $209K, expenses of $178K, and assets of $812K (revenue -11.1% year-over-year).
- 2014: Revenue of $236K, expenses of $279K, and assets of $717K (revenue +15.6% year-over-year).
- 2013: Revenue of $204K, expenses of $218K, and assets of $768K (revenue -0.7% year-over-year).
- 2012: Revenue of $205K, expenses of $270K, and assets of $767K.
- 2011: Revenue of $0, expenses of $412K, and assets of $831K.
- 2010: Revenue of $0, expenses of $426K, and assets of $802K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanson Farm Mutual Insurance Co:
Data Sources and Methodology
This transparency report for Hanson Farm Mutual Insurance Co 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.