FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY (EIN 476027566) - 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

1885

Legal Domicile

Principal Officer

ALAN HANS

Phone

4026430304

Tax Period

2024-01-01 to 2024-12-31

FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY, founded in 1885, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE PROPERTY AND CASUALTY INSURANCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,029,696

Investment Income $24,616

Other Revenue $0

TOTAL REVENUE $1,054,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,159

Fundraising Expenses $0

Program Expenses $1,180,452

Other Expenses $455,729

TOTAL EXPENSES $1,139,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,054,312	$1,678,357	-0.4%
Expenses	$1,139,952	$1,723,484	-0.3%
Net Income	$-85,640	$-45,127	+0.9%

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

$58,150

Total Directors

$91,635

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN A HANS	PRESIDENT	2.00	Officer Director	$675	$0	$675
PHILIP BANGERT	SECRETARY/TREASURER	20.00	Officer Director	$57,405	$0	$57,405
JEFFERY SIECK	VICE PRESIDENT	70.00	Officer Director	$70	$0	$70
THOMAS SIECK	DIRECTOR AGENT	3.00	Director	$16,017	$0	$16,017
ROBERT MENZE	DIRECT AGENT	3.00	Director	$16,883	$0	$16,883
HOWARD	DIRECT	1.00	Director	$235	$0	$235
JOANN SIECK	DIRECTOR	1.00	Director	$175	$0	$175
STEVE WOEBBECKE	DIRECTOR	1.00	Director	$175	$0	$175

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	$1,054,312	$1,139,952	$725,648	$-85,640
2023	$1,678,357	$1,723,484	$811,288	$-45,127
2022	$2,147,285	$2,182,078	$856,415	$-34,793
2021	$629,621	$477,969	$891,208	$151,652
2020	$429,189	$549,242	$739,556	$-120,053

FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY