THE SAUERS MUTUAL INSURANCE COMPANY

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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

1909

Legal Domicile

Principal Officer

MICHAEL SHOEMAKER

Phone

8123719485

Tax Period

2023-01-01 to 2023-12-31

THE SAUERS MUTUAL INSURANCE COMPANY, founded in 1909, is a small nonprofit that reported $330K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $105K, a strong 32% operating margin.

Mission

TO INSURE THE PROPERTY OF THE MEMBERS AGAINST LOSS OR DAMAGE BY COLLISION, FIRE, LIGHTNING, THEFT OR WIND.

Program Service Accomplishments

Program 1

THE SAUERS MUTUAL INSURANCE COMPANY OPERATES IN FOUR COUNTIES IN SOUTH CENTRAL INDIANA INSURING ITS MEMBERS' FARM PROPERTY INCLUDING GRAIN, HAY, LIVESTOCK AND MACHINERY. IN 2023, THE COMPANY HAD 133...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $183,447

Investment Income $144,771

Other Revenue $1,950

TOTAL REVENUE $330,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,830

Fundraising Expenses $0

Other Expenses $104,800

TOTAL EXPENSES $225,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,168	$686,394	-0.5%
Expenses	$225,530	$586,795	-0.6%
Net Income	$104,638	$99,599	+0.1%

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

N/A

Employees

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

$25,800

Total Directors

$42,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK RIECKERS	VICE PRESIDENT/DIRECTOR	10.00	Director	$4,600	$0	$4,600
MARK SHOEMAKER	SECRETARY/DIRECTOR	10.00	Officer Director	$8,600	$0	$8,600
SUSAN HOLLE	TREASURER/DIRECTOR	10.00	Officer Director	$8,600	$0	$8,600
HAROLD HEIDEMAN	DIRECTOR	5.00	Director	$4,300	$0	$4,300
MICHAEL SHOEMAKER	PRESIDENT/DIRECTOR	15.00	Officer Director	$8,600	$0	$8,600
MAGGIE NEWKIRK	DIRECTOR	5.00	Director	$4,100	$0	$4,100
JAY RIECKERS	DIRECTOR	5.00	Director	$4,100	$0	$4,100

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
2024	No data	No data	No data	No data
2023	$330,168	$225,530	$2,587,616	$104,638
2022	$686,394	$586,795	$2,482,720	$99,599
2021	$299,473	$250,968	$2,383,121	$48,505
2020	$336,992	$278,565	$2,334,616	$58,427
2018	$185,348	$167,082	$2,240,956	$18,266