Mutual Insurance Company Of Saline And Seward Counties
EIN: 470246505 · Crete, NE
| Metric | Value |
|---|---|
| Total Revenue | $898K |
| Total Expenses | $725K |
| Net Assets | $2.0M |
Is Mutual Insurance Company Of Saline And Seward Counties Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mutual Insurance Company Of Saline And Seward Counties
Mutual Insurance Company Of Saline And Seward Counties (EIN: 470246505) is a nonprofit organization based in Crete, NE. The organization reported total revenue of $898K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Insurance Company Of Saline And Seward Counties's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Insurance Company Of Saline And Seward Counties is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $770K |
| Total Expenses | $725K |
| Surplus / Deficit | +$44K |
| Total Assets | $2.0M |
| Net Assets | $2.0M |
| Operating Margin | 5.8% |
| Months of Reserves | 32.9 months |
Financial Health Grade: A
In 2023, Mutual Insurance Company Of Saline And Seward Counties reported a surplus of $44K with revenue exceeding expenses, holds 32.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Mutual Insurance Company Of Saline And Seward Counties's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -29.5% | +2.3% |
| 2022 | +81.3% | +91.5% | -1.3% |
| 2020 | -0.8% | +65.5% | -3.6% |
| 2019 | -17.1% | -8.1% | +7.5% |
| 2018 | -0.1% | -1.9% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mutual Insurance Company Of Saline And Seward Counties 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 Mutual Insurance Company Of Saline And Seward Counties 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 $44K, with revenue exceeding expenses.
Frequently Asked Questions about Mutual Insurance Company Of Saline And Seward Counties
Is Mutual Insurance Company Of Saline And Seward Counties a legitimate charity?
Mutual Insurance Company Of Saline And Seward Counties (EIN: 470246505) is a registered tax-exempt nonprofit based in Nebraska. It has 12 years of IRS 990 filings on record. Total revenue: $898K. No red flags identified. Financial health grade: A.
How does Mutual Insurance Company Of Saline And Seward Counties spend its money?
Mutual Insurance Company Of Saline And Seward Counties reported $898K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mutual Insurance Company Of Saline And Seward Counties tax-deductible?
Mutual Insurance Company Of Saline And Seward Counties is registered as a tax-exempt nonprofit (EIN: 470246505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mutual Insurance Company Of Saline And Seward Counties located?
Mutual Insurance Company Of Saline And Seward Counties is headquartered in Crete, Nebraska and files with the IRS under EIN 470246505.
How many years of IRS 990 filings does Mutual Insurance Company Of Saline And Seward Counties have?
Mutual Insurance Company Of Saline And Seward Counties has 12 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 $898K in total revenue.
Filing History
IRS 990 filing history for Mutual Insurance Company Of Saline And Seward Counties showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Mutual Insurance Company Of Saline And Seward Counties's revenue has grown by 94.1%, moving from $397K to $770K. Total assets increased by 94.2% over the same period, from $1.0M to $2.0M. Total functional expenses rose by 128%, from $318K to $725K. In its most recent filing year (2023), Mutual Insurance Company Of Saline And Seward Counties reported a surplus of $44K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $770K | $725K | $2.0M | $0 | — | View 990 |
| 2022 | $840K | $1.0M | $1.9M | $0 | — | View 990 |
| 2020 | $463K | $537K | $2.0M | $0 | — | — |
| 2019 | $467K | $325K | $2.0M | $0 | — | View 990 |
| 2018 | $563K | $353K | $1.9M | $0 | — | View 990 |
| 2017 | $564K | $360K | $1.7M | $0 | — | View 990 |
| 2016 | $610K | $457K | $1.5M | $0 | — | View 990 |
| 2015 | $959K | $707K | $1.3M | $0 | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.1M | $0 | — | View 990 |
| 2013 | $391K | $361K | $1.1M | $0 | — | View 990 |
| 2012 | $380K | $318K | $1.1M | $0 | — | View 990 |
| 2011 | $397K | $318K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $770K, expenses of $725K, and assets of $2.0M (revenue -8.3% year-over-year).
- 2022: Revenue of $840K, expenses of $1.0M, and assets of $1.9M (revenue +81.3% year-over-year).
- 2020: Revenue of $463K, expenses of $537K, and assets of $2.0M (revenue -0.8% year-over-year).
- 2019: Revenue of $467K, expenses of $325K, and assets of $2.0M (revenue -17.1% year-over-year).
- 2018: Revenue of $563K, expenses of $353K, and assets of $1.9M (revenue -0.1% year-over-year).
- 2017: Revenue of $564K, expenses of $360K, and assets of $1.7M (revenue -7.5% year-over-year).
- 2016: Revenue of $610K, expenses of $457K, and assets of $1.5M (revenue -36.4% year-over-year).
- 2015: Revenue of $959K, expenses of $707K, and assets of $1.3M (revenue -35.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.1M (revenue +281.6% year-over-year).
- 2013: Revenue of $391K, expenses of $361K, and assets of $1.1M (revenue +2.8% year-over-year).
- 2012: Revenue of $380K, expenses of $318K, and assets of $1.1M (revenue -4.2% year-over-year).
- 2011: Revenue of $397K, expenses of $318K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Insurance Company Of Saline And Seward Counties:
Data Sources and Methodology
This transparency report for Mutual Insurance Company Of Saline And Seward Counties 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.