CROP INSURANCE AND REINSURANCE BUREAU INC

EIN: 351115571

WASHINGTON, DC

Total Revenue
$1,226,815
Total Expenses
$1,150,104
Total Assets
$1,757,313
Net Assets
$1,332,459
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
IN
Principal Officer
MICHAEL TORREY
Phone
2025445084
Tax Period
2023-10-01 to 2024-09-30

CROP INSURANCE AND REINSURANCE BUREAU INC, founded in 1964, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 6% surplus.

Mission

CIRB REPRESENTS THE CROP INSURANCE AND REINSURANCE COMMUNITY IN WASHINGTON, D.C. AND WORKS COOPERATIVELY WITH OTHER STAKEHOLDERS TO PRESERVE THE FARM SAFETY NET. CIRB PROVIDES EDUCATIONAL SUPPORT TO ITS MEMBERS AND ENSURES DECISION MAKERS IN CONGRESS AND REGULATORY AGENCIES UNDERSTAND THE IMPORTANCE OF A STRONG CROP INSURANCE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,167,257
Investment Income $59,558
Other Revenue $0
TOTAL REVENUE $1,226,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,150,104
TOTAL EXPENSES $1,150,104

Year-over-Year Comparison

2023 2022 Change
Revenue $1,226,815 $1,154,670 +0.1%
Expenses $1,150,104 $1,131,480 +0.0%
Net Income $76,711 $23,190 +2.3%
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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Governance

Voting Members
12
Independent Members
12
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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDY CARUSO EXEC COM MBR 1.00
Director
$0 $0 $0
BILL FISCHER EXEC COM MBR 1.00
Director
$0 $0 $0
JEFF HAWN EXEC COM MBR 1.00
Director
$0 $0 $0
DALYNN HOCH EXEC COM MBR 1.00
Director
$0 $0 $0
JIM KONSTANTY EXEC COM MBR 1.00
Director
$0 $0 $0
BRAD LEIGHTON EXEC COM MBR 1.00
Director
$0 $0 $0
CARMEN MESCHER VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVE OTT EXEC COM MBR 1.00
Director
$0 $0 $0
LINDSEY RINKENBERGER CHAIR 1.00
Officer Director
$0 $0 $0
SHANNON RUTLEDGE TREASURER 1.00
Officer Director
$0 $0 $0
JEFF SVENNES EXEC COM MBR 1.00
Director
$0 $0 $0
BRIAN YOUNG PAST CHAIR 1.00
Officer Director
$0 $0 $0
KURT HENKE SECRETARY 1.00
Officer
$0 $0 $0
MICHAEL TORREY EXECUTIVE VP 2.00
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
2024 $1,226,815 $1,150,104 $1,757,313 $76,711
2023 $1,154,670 $1,131,480 $1,556,727 $23,190
2022 $1,005,812 $1,029,913 $1,852,050 $-24,101
2021 $941,636 $915,109 $1,877,266 $26,527
2020 $1,057,128 $1,007,349 $1,829,745 $49,779
2019 $1,041,527 $1,013,977 $1,534,217 $27,550
2018 $988,712 $966,988 $1,657,153 $21,724
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