Lincoln Mutual Insurance Association
EIN: 420380610 · Lone Tree, IA
| Metric | Value |
|---|---|
| Total Revenue | $542K |
| Total Expenses | $711K |
| Net Assets | $1.0M |
Is Lincoln Mutual Insurance Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lincoln Mutual Insurance Association
Lincoln Mutual Insurance Association (EIN: 420380610) is a nonprofit organization based in Lone Tree, IA. The organization reported total revenue of $542K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincoln Mutual Insurance Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lincoln Mutual Insurance Association 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 -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $393K |
| Total Expenses | $711K |
| Surplus / Deficit | $-318,213 |
| Total Assets | $1.2M |
| Total Liabilities | $176K |
| Net Assets | $1.0M |
| Operating Margin | -80.9% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 20.2 months |
Financial Health Grade: B
In 2023, Lincoln Mutual Insurance Association reported a deficit of $318K with expenses exceeding revenue, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lincoln Mutual Insurance Association's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | +49.6% | -20.3% |
| 2022 | +11.9% | +10.9% | +3.1% |
| 2021 | -8.6% | -20.3% | +5.4% |
| 2020 | +5.1% | +8.6% | -3.3% |
| 2019 | +7.5% | -8.6% | +0.2% |
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 Lincoln Mutual Insurance Association 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 Lincoln Mutual Insurance Association 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 $318K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Frequently Asked Questions about Lincoln Mutual Insurance Association
Is Lincoln Mutual Insurance Association a legitimate charity?
Lincoln Mutual Insurance Association (EIN: 420380610) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $542K. No red flags identified. Financial health grade: B.
How does Lincoln Mutual Insurance Association spend its money?
Lincoln Mutual Insurance Association reported $542K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lincoln Mutual Insurance Association tax-deductible?
Lincoln Mutual Insurance Association is registered as a tax-exempt nonprofit (EIN: 420380610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lincoln Mutual Insurance Association located?
Lincoln Mutual Insurance Association is headquartered in Lone Tree, Iowa and files with the IRS under EIN 420380610.
How many years of IRS 990 filings does Lincoln Mutual Insurance Association have?
Lincoln Mutual Insurance Association 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 $542K in total revenue.
Filing History
IRS 990 filing history for Lincoln Mutual Insurance Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lincoln Mutual Insurance Association's revenue has declined by 9.8%, moving from $436K to $393K. Total assets decreased by 10.9% over the same period, from $1.3M to $1.2M. Total functional expenses rose by 91.9%, from $371K to $711K. In its most recent filing year (2023), Lincoln Mutual Insurance Association reported a deficit of $318K, with expenses exceeding revenue. The organization holds $176K in liabilities against $1.2M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $393K | $711K | $1.2M | $176K | — | View 990 |
| 2022 | $527K | $476K | $1.5M | $354K | — | View 990 |
| 2021 | $471K | $429K | $1.5M | $267K | — | — |
| 2020 | $515K | $538K | $1.4M | $278K | — | — |
| 2019 | $490K | $495K | $1.4M | $248K | — | View 990 |
| 2018 | $456K | $542K | $1.4M | $225K | — | View 990 |
| 2017 | $455K | $512K | $1.5M | $271K | — | View 990 |
| 2016 | $464K | $462K | $1.6M | $235K | — | View 990 |
| 2015 | $510K | $531K | $1.6M | $252K | — | View 990 |
| 2014 | $508K | $453K | $1.6M | $251K | — | View 990 |
| 2013 | $483K | $325K | $1.5M | $229K | — | View 990 |
| 2012 | $413K | $392K | $1.4M | $188K | — | View 990 |
| 2011 | $436K | $371K | $1.3M | $197K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $393K, expenses of $711K, and assets of $1.2M (revenue -25.3% year-over-year).
- 2022: Revenue of $527K, expenses of $476K, and assets of $1.5M (revenue +11.9% year-over-year).
- 2021: Revenue of $471K, expenses of $429K, and assets of $1.5M (revenue -8.6% year-over-year).
- 2020: Revenue of $515K, expenses of $538K, and assets of $1.4M (revenue +5.1% year-over-year).
- 2019: Revenue of $490K, expenses of $495K, and assets of $1.4M (revenue +7.5% year-over-year).
- 2018: Revenue of $456K, expenses of $542K, and assets of $1.4M (revenue +0.3% year-over-year).
- 2017: Revenue of $455K, expenses of $512K, and assets of $1.5M (revenue -2.0% year-over-year).
- 2016: Revenue of $464K, expenses of $462K, and assets of $1.6M (revenue -9.0% year-over-year).
- 2015: Revenue of $510K, expenses of $531K, and assets of $1.6M (revenue +0.3% year-over-year).
- 2014: Revenue of $508K, expenses of $453K, and assets of $1.6M (revenue +5.3% year-over-year).
- 2013: Revenue of $483K, expenses of $325K, and assets of $1.5M (revenue +16.9% year-over-year).
- 2012: Revenue of $413K, expenses of $392K, and assets of $1.4M (revenue -5.2% year-over-year).
- 2011: Revenue of $436K, expenses of $371K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lincoln Mutual Insurance Association:
Data Sources and Methodology
This transparency report for Lincoln Mutual Insurance Association 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.