PATRONS MUTUAL FIRE INSURANCE COMPANY (EIN 350569837) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1878

Legal Domicile

Principal Officer

SEAN MURRAY

Phone

3175521189

Tax Period

2022-01-01 to 2022-12-31

PATRONS MUTUAL FIRE INSURANCE COMPANY, founded in 1878, is a small nonprofit in the Mutual Benefit sector that reported $437K in total revenue in fiscal year 2022. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $594K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE INSURANCE COVERAGE TO MEMBERS TO PROTECT AGAINST PRESENT AND FUTURE LOSSES.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $429,982

Investment Income $6,912

Other Revenue $0

TOTAL REVENUE $436,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $594,006

TOTAL EXPENSES $594,006

Year-over-Year Comparison

	2022	2021	Change
Revenue	$436,894	$256,126	+0.7%
Expenses	$594,006	$321,677	+0.8%
Net Income	$-157,112	$-65,551	+1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELORES ROLF	DIRECTOR	30.00	Director	$0	$0	$0
GREG COOPER	SECRETARY/TR	1.00	Officer	$0	$0	$0
EDWARD HARPER	VICE PRESIDE	1.00	Officer	$0	$0	$0
SEAN MURRAY	PRESIDENT	10.00	Officer	$0	$0	$0
SCOTT PIPER	CHAIRMAN	10.00	Officer	$0	$0	$0

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
2022	$436,894	$594,006	$439,908	$-157,112
2021	$256,126	$321,677	$556,171	$-65,551
2020	$238,836	$350,146	$771,911	$-111,310
2019	$261,040	$375,343	$734,217	$-114,303
2018	$287,285	$438,379	$831,274	$-151,094

PATRONS MUTUAL FIRE INSURANCE COMPANY