Patrons Mutual Fire Ins Co
EIN: 350569837 · Carmel, IN · NTEE: Y23
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $594K |
| Net Assets | $384K |
Is Patrons Mutual Fire Ins Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patrons Mutual Fire Ins Co
Patrons Mutual Fire Ins Co (EIN: 350569837) is a nonprofit organization based in Carmel, IN, classified under NTEE code Y23. The organization reported total revenue of $437K and total assets of $440K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patrons Mutual Fire Ins Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patrons Mutual Fire Ins Co is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $437K |
| Total Expenses | $594K |
| Surplus / Deficit | $-157,112 |
| Total Assets | $440K |
| Total Liabilities | $56K |
| Net Assets | $384K |
| Operating Margin | -36.0% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2022, Patrons Mutual Fire Ins Co reported a deficit of $157K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Patrons Mutual Fire Ins Co's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +70.6% | +84.7% | -20.9% |
| 2021 | +7.2% | -8.1% | -27.9% |
| 2020 | -8.5% | -6.7% | +5.1% |
| 2019 | -9.1% | -14.4% | -11.7% |
| 2018 | -5.1% | +19.1% | -15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patrons Mutual Fire Ins 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 Patrons Mutual Fire Ins 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $157K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.7%.
Frequently Asked Questions about Patrons Mutual Fire Ins Co
Is Patrons Mutual Fire Ins Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Patrons Mutual Fire Ins Co (EIN: 350569837) insufficient data. 0 red flags identified, 0 strengths noted.
How does Patrons Mutual Fire Ins Co spend its money?
Detailed spending breakdown data is not yet available for Patrons Mutual Fire Ins Co. Check back for updated IRS 990 analysis.
Are donations to Patrons Mutual Fire Ins Co tax-deductible?
Patrons Mutual Fire Ins Co is registered as a tax-exempt nonprofit (EIN: 350569837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patrons Mutual Fire Ins Co located?
Patrons Mutual Fire Ins Co is headquartered in Carmel, Indiana and files with the IRS under EIN 350569837. It is classified under NTEE code Y23.
How many years of IRS 990 filings does Patrons Mutual Fire Ins Co have?
Patrons Mutual Fire Ins Co 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 $437K in total revenue.
Filing History
IRS 990 filing history for Patrons Mutual Fire Ins Co showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Patrons Mutual Fire Ins Co's revenue has grown by 18.6%, moving from $368K to $437K. Total assets decreased by 54.5% over the same period, from $968K to $440K. Total functional expenses rose by 70.1%, from $349K to $594K. In its most recent filing year (2022), Patrons Mutual Fire Ins Co reported a deficit of $157K, with expenses exceeding revenue. The organization holds $56K in liabilities against $440K in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $384K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $437K | $594K | $440K | $56K | — | View 990 |
| 2021 | $256K | $322K | $556K | $14K | — | — |
| 2020 | $239K | $350K | $772K | $182K | — | — |
| 2019 | $261K | $375K | $734K | $33K | — | View 990 |
| 2018 | $287K | $438K | $831K | $15K | — | View 990 |
| 2017 | $303K | $368K | $981K | $14K | — | View 990 |
| 2016 | $308K | $437K | $1.0M | $15K | — | View 990 |
| 2015 | $326K | $263K | $1.2M | $19K | — | View 990 |
| 2014 | $357K | $217K | $1.1M | $17K | — | View 990 |
| 2013 | $284K | $229K | $976K | $19K | — | View 990 |
| 2012 | $273K | $304K | $920K | $17K | — | View 990 |
| 2011 | $368K | $349K | $968K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $437K, expenses of $594K, and assets of $440K (revenue +70.6% year-over-year).
- 2021: Revenue of $256K, expenses of $322K, and assets of $556K (revenue +7.2% year-over-year).
- 2020: Revenue of $239K, expenses of $350K, and assets of $772K (revenue -8.5% year-over-year).
- 2019: Revenue of $261K, expenses of $375K, and assets of $734K (revenue -9.1% year-over-year).
- 2018: Revenue of $287K, expenses of $438K, and assets of $831K (revenue -5.1% year-over-year).
- 2017: Revenue of $303K, expenses of $368K, and assets of $981K (revenue -1.8% year-over-year).
- 2016: Revenue of $308K, expenses of $437K, and assets of $1.0M (revenue -5.4% year-over-year).
- 2015: Revenue of $326K, expenses of $263K, and assets of $1.2M (revenue -8.7% year-over-year).
- 2014: Revenue of $357K, expenses of $217K, and assets of $1.1M (revenue +26.0% year-over-year).
- 2013: Revenue of $284K, expenses of $229K, and assets of $976K (revenue +3.9% year-over-year).
- 2012: Revenue of $273K, expenses of $304K, and assets of $920K (revenue -25.9% year-over-year).
- 2011: Revenue of $368K, expenses of $349K, and assets of $968K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patrons Mutual Fire Ins Co:
Data Sources and Methodology
This transparency report for Patrons Mutual Fire Ins 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.