WASHINGTON TOWN MUTUAL INSURANCE CO C/O HOMESTEAD MUTUAL INSURANCE CO (EIN 390491630) - 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

1889

Legal Domicile

Principal Officer

DARREN REOH

Phone

9208472041

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON TOWN MUTUAL INSURANCE CO C/O HOMESTEAD MUTUAL INSURANCE CO, founded in 1889, is a small nonprofit that reported $259K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE MEMBERS WITH PROPERTY & CASUALTY INSURANCE COVERAGE.

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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 $208,082

Investment Income $51,044

Other Revenue $77

TOTAL REVENUE $259,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,205

Fundraising Expenses $0

Other Expenses $193,294

TOTAL EXPENSES $267,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,203	$235,703	+0.1%
Expenses	$267,499	$231,782	+0.2%
Net Income	$-8,296	$3,921	-3.1%

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

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

$65,562

Total Directors

$67,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARJORIE BJAMARSON	TREASURER	40.00	Officer Director	$60,882	$0	$60,882
IVAN JOHNSON	FORMER PRESI	1.00	Officer Director	$1,560	$0	$1,560
THOMAS KOYEN	VICE-PRESIDE	1.00	Officer Director	$1,560	$0	$1,560
MARLENE MANN	SECRETARY	1.00	Officer Director	$1,560	$0	$1,560
WILLIAM JORGENSON	DIRECTOR	1.00	Director	$1,360	$0	$1,360
BARBARA CORNELL	DIRECTOR	1.00	Director	$1,020	$0	$1,020
DARREN REOH	PRESIDENT	N/A	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
2023	$259,203	$267,499	No data	$-8,296
2022	$235,703	$231,782	$2,222,648	$3,921
2021	$263,485	$236,659	$2,285,446	$26,826
2020	$267,507	$249,627	$2,241,223	$17,880

WASHINGTON TOWN MUTUAL INSURANCE CO C/O HOMESTEAD MUTUAL INSURANCE CO