Spring Grove Mutual Insurance Company (EIN 390273700) - 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

1905

Legal Domicile

Principal Officer

Laura Shell

Phone

6088972148

Tax Period

2022-01-01 to 2022-12-31

Spring Grove Mutual Insurance Company, founded in 1905, is a small nonprofit that reported $513K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $489K left a modest 5% surplus.

Mission

Provide property casualty insurance to our policyholders.

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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 $465,113

Investment Income $29,356

Other Revenue $18,936

TOTAL REVENUE $513,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,903

Fundraising Expenses $0

Other Expenses $357,958

TOTAL EXPENSES $488,861

Year-over-Year Comparison

	2022	2021	Change
Revenue	$513,405	$596,197	-0.1%
Expenses	$488,861	$470,534	+0.0%
Net Income	$24,544	$125,663	-0.8%

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

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

$74,674

Total Directors

$77,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary/Treasurer	040.00	Officer Director	$72,048	$0	$72,048
N/A	President	000.10	Officer Director	$1,776	$0	$1,776
N/A	Vice President	010.00	Officer Director	$850	$0	$850
N/A	Director	000.10	Director	$700	$0	$700
N/A	Director	000.10	Director	$550	$0	$550
N/A	Director	000.10	Director	$475	$0	$475
N/A	Director	000.10	Director	$450	$0	$450
N/A	Director	000.10	Director	$400	$0	$400
N/A	Director	000.10	Director	$300	$0	$300

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	$513,405	$488,861	$1,918,733	$24,544
2021	$596,197	$470,534	$1,959,861	$125,663
2020	$531,949	$423,185	$1,901,924	$108,764

Spring Grove Mutual Insurance Company