NEW MUNICH MUTUAL INSURANCE CO (EIN 410852310) - 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

1927

Legal Domicile

Principal Officer

VICTOR UPHOFF

Phone

3203523300

Tax Period

2023-01-01 to 2023-12-31

NEW MUNICH MUTUAL INSURANCE CO, founded in 1927, is a small nonprofit that reported $595K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 17% operating margin.

Mission

THE ORGANIZATON PROVIDES PROPERTY CASUALTY INSURANCE COVERAGE FOR FARMERS AND HOMEOWNERS IN RURAL MINNESOTA UNDER IRC 501(C)(15) AND MINNESOTA STATUTE 67A

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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 $566,098

Investment Income $26,105

Other Revenue $2,420

TOTAL REVENUE $594,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,531

Fundraising Expenses $0

Other Expenses $276,216

TOTAL EXPENSES $493,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,623	$481,086	+0.2%
Expenses	$493,608	$478,261	+0.0%
Net Income	$101,015	$2,825	+34.8%

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

$2,000

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR UPHOFF	PRESIDENT	2.00	Officer Director	$1,200	$0	$1,200
DAVID EHLERT	TREASURER/SE	2.00	Officer Director	$800	$0	$800
TIMOTHY MEYERS	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
DANIEL SCHULTZETENBERG	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVE WIECHMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
MIKE ZIERDEN	DIRECTOR	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$594,623	$493,608	$1,685,900	$101,015
2022	$481,086	$478,261	$1,517,283	$2,825
2021	$436,526	$408,129	$1,558,442	$28,397
2020	$396,303	$435,950	$1,442,491	$-39,647

NEW MUNICH MUTUAL INSURANCE CO