Tri County Mutual Town Insurance Company
EIN: 390663760 · Iron River, WI
| Metric | Value |
|---|---|
| Total Revenue | $375K |
| Total Expenses | $556K |
| Net Assets | $420K |
Is Tri County Mutual Town Insurance Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tri County Mutual Town Insurance Company
Tri County Mutual Town Insurance Company (EIN: 390663760) is a nonprofit organization based in Iron River, WI. The organization reported total revenue of $375K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri County Mutual Town Insurance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri County Mutual Town Insurance Company is a small nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $556K |
| Surplus / Deficit | $-217,368 |
| Total Assets | $594K |
| Total Liabilities | $174K |
| Net Assets | $420K |
| Operating Margin | -64.2% |
| Debt-to-Asset Ratio | 29.2% |
| Months of Reserves | 12.8 months |
Financial Health Grade: B
In 2023, Tri County Mutual Town Insurance Company reported a deficit of $217K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tri County Mutual Town Insurance Company's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.9% | +17.8% | -38.1% |
| 2022 | -3.8% | +21.8% | -8.0% |
| 2021 | -16.1% | -25.2% | -4.3% |
| 2020 | +19.3% | +27.7% | -1.7% |
| 2019 | +1.4% | +26.5% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1935 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tri County Mutual Town Insurance Company 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 Tri County Mutual Town Insurance Company 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 $217K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.2%.
Frequently Asked Questions about Tri County Mutual Town Insurance Company
Is Tri County Mutual Town Insurance Company a legitimate charity?
Tri County Mutual Town Insurance Company (EIN: 390663760) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $375K. No red flags identified. Financial health grade: B.
How does Tri County Mutual Town Insurance Company spend its money?
Tri County Mutual Town Insurance Company reported $375K 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 Tri County Mutual Town Insurance Company tax-deductible?
Tri County Mutual Town Insurance Company is registered as a tax-exempt nonprofit (EIN: 390663760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tri County Mutual Town Insurance Company located?
Tri County Mutual Town Insurance Company is headquartered in Iron River, Wisconsin and files with the IRS under EIN 390663760.
How many years of IRS 990 filings does Tri County Mutual Town Insurance Company have?
Tri County Mutual Town Insurance Company 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 $375K in total revenue.
Filing History
IRS 990 filing history for Tri County Mutual Town Insurance Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tri County Mutual Town Insurance Company's revenue has declined by 24.8%, moving from $451K to $339K. Total assets decreased by 26.3% over the same period, from $806K to $594K. Total functional expenses rose by 28.8%, from $432K to $556K. In its most recent filing year (2023), Tri County Mutual Town Insurance Company reported a deficit of $217K, with expenses exceeding revenue. The organization holds $174K in liabilities against $594K in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $420K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $556K | $594K | $174K | — | View 990 |
| 2022 | $385K | $472K | $960K | $179K | — | View 990 |
| 2021 | $400K | $387K | $1.0M | $132K | — | View 990 |
| 2020 | $477K | $518K | $1.1M | $182K | — | — |
| 2019 | $399K | $405K | $1.1M | $138K | — | View 990 |
| 2018 | $394K | $321K | $1.1M | $142K | — | View 990 |
| 2017 | $383K | $318K | $1.0M | $143K | — | View 990 |
| 2016 | $457K | $429K | $941K | $146K | — | View 990 |
| 2015 | $484K | $477K | $899K | $176K | — | View 990 |
| 2014 | $413K | $401K | $834K | $135K | — | View 990 |
| 2013 | $400K | $406K | $783K | $138K | — | View 990 |
| 2012 | $426K | $412K | $805K | $158K | — | View 990 |
| 2011 | $451K | $432K | $806K | $138K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $556K, and assets of $594K (revenue -11.9% year-over-year).
- 2022: Revenue of $385K, expenses of $472K, and assets of $960K (revenue -3.8% year-over-year).
- 2021: Revenue of $400K, expenses of $387K, and assets of $1.0M (revenue -16.1% year-over-year).
- 2020: Revenue of $477K, expenses of $518K, and assets of $1.1M (revenue +19.3% year-over-year).
- 2019: Revenue of $399K, expenses of $405K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2018: Revenue of $394K, expenses of $321K, and assets of $1.1M (revenue +2.9% year-over-year).
- 2017: Revenue of $383K, expenses of $318K, and assets of $1.0M (revenue -16.1% year-over-year).
- 2016: Revenue of $457K, expenses of $429K, and assets of $941K (revenue -5.7% year-over-year).
- 2015: Revenue of $484K, expenses of $477K, and assets of $899K (revenue +17.3% year-over-year).
- 2014: Revenue of $413K, expenses of $401K, and assets of $834K (revenue +3.2% year-over-year).
- 2013: Revenue of $400K, expenses of $406K, and assets of $783K (revenue -6.0% year-over-year).
- 2012: Revenue of $426K, expenses of $412K, and assets of $805K (revenue -5.5% year-over-year).
- 2011: Revenue of $451K, expenses of $432K, and assets of $806K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri County Mutual Town Insurance Company:
Data Sources and Methodology
This transparency report for Tri County Mutual Town Insurance Company 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.