SCANDINAVIAN FARM MUTUAL INSURANCE

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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

1893

Legal Domicile

Principal Officer

CRAIG HEWITT

Phone

6054936702

Tax Period

2023-01-01 to 2023-12-31

SCANDINAVIAN FARM MUTUAL INSURANCE, founded in 1893, is a small nonprofit that reported $310K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 33% operating margin.

Mission

MUTUAL INSURANCE COMPANY

Program Service Accomplishments

Program 1

N/A

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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 $2,826

Program Service Revenue $234,705

Investment Income $72,559

Other Revenue $27

TOTAL REVENUE $310,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,618

Fundraising Expenses $0

Other Expenses $150,929

TOTAL EXPENSES $209,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,117	$200,971	+0.5%
Expenses	$209,108	$184,255	+0.1%
Net Income	$101,009	$16,716	+5.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HELGESON	DIRECTOR	N/A	Director	$0	$0	$0
ROGER JOHNSON	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
DAVID NELSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONNELL L OGREN	TREASURER	N/A	Officer Director	$0	$0	$0
MILO OLSON	SECRETARY	N/A	Officer Director	$0	$0	$0
CRAIG HEWITT	ASS'T SEC/MA	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
2024	No data	No data	No data	No data
2023	$310,117	$209,108	$1,298,407	$101,009
2022	$200,971	$184,255	$1,198,604	$16,716
2021	$291,951	$172,814	$1,205,884	$119,137
2020	$268,825	$229,208	$1,095,756	$39,617
2019	$272,543	$225,522	$1,059,571	$47,021
2018	$259,087	$218,019	$1,022,404	$41,068