CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE FOUNDATION

EIN: 300108252 501(c)(3) Education

VAN WERT, OH

Total Revenue
$209,138
Total Expenses
$158,521
Total Assets
$1,525,115
Net Assets
$1,525,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
AMY DOUGAL
Phone
4192381010
Tax Period
2024-01-01 to 2024-12-31

CENTRAL INSURANCE COMPANIES EDUCATIONAL AND CHARITABLE FOUNDATION, founded in 2002, is a small nonprofit in the Education sector that reported $209K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 24% operating margin.

Mission

EDUCATIONAL SCHOLARSHIPS AND CHARITABLE PROJECTS

Program Service Accomplishments

Program 1
Expenses: $86,311

DISTRIBUTION OF EDUCATIONAL SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING ON BEHALF OF 17 HIGH SCHOOL GRADUATES PLANNING ON ATTENDING A TWO OR FOUR YEAR COLLEGE.

Program 2
Expenses: $60,314

SOLICITATIONS OF PLEDGES AND CONTRIBUTIONS FROM INDIVIDUALS FOR SUPPORT OF COMMUNITY PROJECTS. FUNDS ARE DISTRIBUTED TO UNITED WAY FOR COMMUNITY USE.

Program 3
Expenses: $10,729

SOLICITATION OF CONTRIBUTION FROM INDIVIDUALS FOR SUPPORT OF COMMUNITY PROJECTS. FUNDS ARE DISTRIBUTED TO LOCAL NON-PROFIT ORGINIZATIONS AND INDIGENT FAMILIES IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,649
Program Service Revenue $0
Investment Income $50,125
Other Revenue $-31,636
TOTAL REVENUE $209,138

Expense Breakdown

Grants Paid $157,354
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $157,354
Other Expenses $1,167
TOTAL EXPENSES $158,521

Year-over-Year Comparison

2024 2023 Change
Revenue $209,138 $276,455 -0.2%
Expenses $158,521 $162,069 0.0%
Net Income $50,617 $114,386 -0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,542,698
Total Directors
4
$1,878,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVAN PURMORT PRESIDENT 1.00
Officer Director
$0 $7,622 $1,129,584
TAYLOR RAY ORSBON DIRECTOR 1.00
Director
$0 $7,622 $212,276
JENA WIERWILLE DIRECTOR 1.00
Officer Director
$0 $34 $413,114
CARLY SMITH DIRECTOR 1.00
Director
$0 $2,365 $123,063
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $209,138 $158,521 $1,525,115 $50,617
2023 $276,455 $162,069 $1,474,498 $114,386
2022 $35,288 $190,330 $1,360,112 $-155,042
2021 $195,191 $189,825 $1,515,154 $5,366
2020 $326,190 $194,208 $1,509,788 $131,982
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