FARMERS MUTUAL FIRE INSURANCE ASSOCIATION OF SEWARD COUNTY

EIN: 476027566

SEWARD, NE

Total Revenue
$1,054,312
Total Expenses
$1,139,952
Total Assets
$725,648
Net Assets
$725,648
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1885
Legal Domicile
NE
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 TO POLICY HOLDERS

Program Service Accomplishments

Program 1
Expenses: $1,139,952 Revenue: $1,054,312

OPERATING EXPENSES AS LISTED ON STATEMENT OF FUNCTIONAL EXPESNES PART IX REVENUE AS LISTED ON STATEMENT OF REVENUE PART VIII

Program 2
Expenses: $40,500

COMPENSATION FOR SALARIES FOR PRESIDENT, SECRETARY-TREASURER, AND ADJUSTOR

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
3
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
3
$58,150
Total Directors
8
$91,635
Key Employees
0
$0
Highest Compensated
0
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
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