FOREST GREEN FARMERS MUTUAL INSURA… - Form 990 Financial Data

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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

Debbie Imgarten

Phone

6606766177

Tax Period

2022-01-01 to 2022-12-31

FOREST GREEN FARMERS MUTUAL INSURANCE COMPANY, founded in 1927, is a small nonprofit that reported $587K in total revenue in fiscal year 2022. Expenses of $548K left a modest 7% surplus.

Mission

Forest Green Farmers Mutual Insurance Company is a Chapter 380 mutual insurance company with 465 policyholders. We provide fire, wind, extended coverages and reinsured liability insurance for policyholders' valid claims.

Program Service Accomplishments

Program 1

Expenses: $207,405

Net Claims Paid in 2022

Program 2

Expenses: $138,728

Reinsurance Expense for Fire, Windstorm, Extended Coverages and Liability Coverages

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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 $550,608

Investment Income $36,124

Other Revenue $0

TOTAL REVENUE $586,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,968

Fundraising Expenses $0

Program Expenses $346,133

Other Expenses $193,236

TOTAL EXPENSES $547,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$586,732	$575,034	+0.0%
Expenses	$547,969	$438,886	+0.2%
Net Income	$38,763	$136,148	-0.7%

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

465

Independent Members

N/A

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

$109,556

Total Directors

$5,145

Key Employees

$131,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Imgarten	Manager & Agent	40	Officer Key Emp Highest	$105,896	$0	$105,896
John McNail	Ass't Manager & Agent	10	Key Emp	$25,402	$0	$25,402
Brian Todd Linneman	President	0	Officer Director	$3,120	$0	$3,120
Jeff Gebhardt	Director	0	Director	$0	$540	$540
Dale Aholt	Director	0	Director	$0	$540	$540
Matthew Linneman	Vice-President	0	Officer Director	$0	$540	$540
Curtis Sanders	Director	0	Director	$0	$405	$405

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	$586,732	$547,969	$2,139,952	$38,763
2021	$575,034	$438,886	$2,086,227	$136,148
2020	$541,024	$496,048	$1,929,733	$44,976

FOREST GREEN FARMERS MUTUAL INSURANCE COMPANY