Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd
EIN: 466011662 · Langford, SD
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $209K |
| Net Assets | $1.2M |
Is Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd (EIN: 466011662) is a nonprofit organization based in Langford, SD. The organization reported total revenue of $310K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd is a small nonprofit that has been operating for 102 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $209K |
| Surplus / Deficit | +$101K |
| Total Assets | $1.3M |
| Total Liabilities | $136K |
| Net Assets | $1.2M |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 74.5 months |
Financial Health Grade: A
In 2023, Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd reported a surplus of $101K with revenue exceeding expenses, holds 74.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.3% | +13.5% | +8.3% |
| 2022 | -31.2% | +6.6% | -0.6% |
| 2021 | +8.6% | -24.6% | +10.1% |
| 2020 | -1.4% | +1.6% | +3.4% |
| 2019 | +5.2% | +3.4% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1924 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd 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 Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd 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 $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.5%.
Frequently Asked Questions about Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd
Is Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd a legitimate charity?
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd (EIN: 466011662) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $310K. No red flags identified. Financial health grade: A.
How does Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd spend its money?
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd reported $310K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd tax-deductible?
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd is registered as a tax-exempt nonprofit (EIN: 466011662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd located?
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd is headquartered in Langford, South Dakota and files with the IRS under EIN 466011662.
How many years of IRS 990 filings does Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd have?
Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd 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 $310K in total revenue.
Filing History
IRS 990 filing history for Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd's revenue has declined by 5.7%, moving from $329K to $310K. Total assets increased by 86.4% over the same period, from $696K to $1.3M. Total functional expenses fell by 31.1%, from $304K to $209K. In its most recent filing year (2023), Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd reported a surplus of $101K, with revenue exceeding expenses. The organization holds $136K in liabilities against $1.3M in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $310K | $209K | $1.3M | $136K | — | View 990 |
| 2022 | $201K | $184K | $1.2M | $137K | — | View 990 |
| 2021 | $292K | $173K | $1.2M | $161K | — | View 990 |
| 2020 | $269K | $229K | $1.1M | $170K | — | — |
| 2019 | $273K | $226K | $1.1M | $173K | — | View 990 |
| 2018 | $259K | $218K | $1.0M | $183K | — | View 990 |
| 2017 | $267K | $280K | $967K | $168K | — | View 990 |
| 2016 | $286K | $219K | $1.0M | $189K | — | View 990 |
| 2015 | $294K | $227K | $921K | $176K | — | View 990 |
| 2014 | $288K | $235K | $872K | $194K | — | View 990 |
| 2013 | $262K | $241K | $813K | $187K | — | View 990 |
| 2012 | $275K | $203K | $763K | $158K | — | View 990 |
| 2011 | $329K | $304K | $696K | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $310K, expenses of $209K, and assets of $1.3M (revenue +54.3% year-over-year).
- 2022: Revenue of $201K, expenses of $184K, and assets of $1.2M (revenue -31.2% year-over-year).
- 2021: Revenue of $292K, expenses of $173K, and assets of $1.2M (revenue +8.6% year-over-year).
- 2020: Revenue of $269K, expenses of $229K, and assets of $1.1M (revenue -1.4% year-over-year).
- 2019: Revenue of $273K, expenses of $226K, and assets of $1.1M (revenue +5.2% year-over-year).
- 2018: Revenue of $259K, expenses of $218K, and assets of $1.0M (revenue -2.8% year-over-year).
- 2017: Revenue of $267K, expenses of $280K, and assets of $967K (revenue -6.7% year-over-year).
- 2016: Revenue of $286K, expenses of $219K, and assets of $1.0M (revenue -3.0% year-over-year).
- 2015: Revenue of $294K, expenses of $227K, and assets of $921K (revenue +2.4% year-over-year).
- 2014: Revenue of $288K, expenses of $235K, and assets of $872K (revenue +9.7% year-over-year).
- 2013: Revenue of $262K, expenses of $241K, and assets of $813K (revenue -4.6% year-over-year).
- 2012: Revenue of $275K, expenses of $203K, and assets of $763K (revenue -16.4% year-over-year).
- 2011: Revenue of $329K, expenses of $304K, and assets of $696K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd:
Data Sources and Methodology
This transparency report for Scandinavian Farm Mutual Insurance Company Of Marshall Co Sd 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.