Caledonia Mutual Fire Insurance Company (EIN 391031970) - 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

David Ziehmke

Phone

6087424885

Tax Period

2023-01-01 to 2023-12-31

Caledonia Mutual Fire Insurance Company, founded in 1905, is a small nonprofit that reported $314K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $272K left a modest 13% surplus.

Mission

Insurance company providing affordable property and casualty coverage to local policyholders, while maintaining minimal gross profits and gross receipts.

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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 $233,474

Investment Income $79,680

Other Revenue $590

TOTAL REVENUE $313,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,768

Fundraising Expenses $0

Other Expenses $255,139

TOTAL EXPENSES $271,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,744	$282,340	+0.1%
Expenses	$271,907	$364,622	-0.3%
Net Income	$41,837	$-82,282	-1.5%

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

$6,756

Total Directors

$8,856

Key Employees

$7,025

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Ziehmke	Manager	002.00	Key Emp	$7,025	$0	$7,025
David Ziehmke	President	000.70	Officer Director	$3,406	$0	$3,406
Jeff Miller	Secretary/Treasurer	001.00	Officer Director	$2,925	$0	$2,925
Robert Allen	Director	000.10	Director	$500	$0	$500
William Statz	Vice President	000.10	Officer Director	$425	$0	$425
Max Paske	Director	000.10	Director	$425	$0	$425
Mike Mountford	Director	000.10	Director	$425	$0	$425
Alvin Schultz	Director	000.10	Director	$375	$0	$375
Emery Benson	Director	000.10	Director	$375	$0	$375
Ryan Schell	Director	000.10	Director	$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	$313,744	$271,907	No data	$41,837
2022	$282,340	$364,622	$638,464	$-82,282
2021	$226,984	$247,804	$814,610	$-20,820
2020	$217,876	$204,015	$751,002	$13,861

Caledonia Mutual Fire Insurance Company