HOME MUTUAL INSURANCE COMPANY (EIN 450147325) - 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

1886

Legal Domicile

Phone

7016424101

Tax Period

2022-01-01 to 2022-12-31

HOME MUTUAL INSURANCE COMPANY, founded in 1886, is a small nonprofit that reported $389K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $471K exceeded revenue, resulting in a 21% operating deficit.

Mission

OUR MISSION IS TO MEET AND EXCEED ALL INSURNACE NEEDS OF OUR CUSTOMERS WHLIE MAINTAINING THE ECONOMIC SECURITY OF THE COMPANY. WE WILL ACCOMPLISH THIS BY CAREFULLY EVALUATING OUR INSUREDS NEEDS AND UNDERWRIRING AND INSURING TO VALUE.

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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 $357,019

Investment Income $25,029

Other Revenue $6,896

TOTAL REVENUE $388,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,819

Fundraising Expenses $0

Program Expenses $470,573

Other Expenses $277,754

TOTAL EXPENSES $470,573

Year-over-Year Comparison

	2022	2021	Change
Revenue	$388,944	$423,816	-0.1%
Expenses	$470,573	$312,513	+0.5%
Net Income	$-81,629	$111,303	-1.7%

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

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

$103,934

Total Directors

$41,722

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY DOCKTER	Secretary	40.00	Officer	$75,740	$0	$75,740
FRANCIS RUBISH	President	1.00	Officer	$24,144	$0	$24,144
MARK HUSETH	Director	1.00	Director	$21,650	$0	$21,650
DUANE AKVIK	Director	1.00	Director	$16,672	$0	$16,672
KEATH BORCHERT	Vice President	1.00	Officer	$4,050	$0	$4,050
LEON BLADOW	Director	1.00	Director	$3,400	$0	$3,400

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	$388,944	$470,573	$1,954,204	$-81,629
2021	$423,816	$312,513	$2,035,833	$111,303
2020	$383,161	$279,655	$1,924,530	$103,506

HOME MUTUAL INSURANCE COMPANY