FLOYD COUNTY MUTUAL FIRE INSURANCE (EIN 540213125) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

5407454882

Tax Period

2024-01-01 to 2024-12-31

FLOYD COUNTY MUTUAL FIRE INSURANCE, founded in 1975, is a small nonprofit that reported $153K in total revenue in fiscal year 2018. Net assets of $3.1M represent 240 months of operating reserves.

Mission

THE COMPANY IS A MUTUAL ASSESSMENT PROPERTY AND CASUALTY INSURER LICENSED PURSUANT TO CHAPTER 25 OF TITLE 38.2 OF THE CODE OF VIRGINIA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,787

Investment Income $153,146

Other Revenue $3,050

TOTAL REVENUE $264,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,306

Fundraising Expenses $0

Other Expenses $62,751

TOTAL EXPENSES $90,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,983	N/A	N/A
Expenses	$90,057	N/A	N/A
Net Income	$174,926	N/A	N/A

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
REECE MCPEAK Jr	PRESIDENT	2.00	Officer Director	$0	$0	$0
CURTIS RAY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
LELAN R COCKRAM	VICE PRESIDENT	1.00	Director	$0	$0	$0
KEVIN B PHILLIPS	AGENT	1.00	Director	$0	$0	$0
LESTER D BELCHER	AGENT	1.00	Director	$0	$0	$0
GINA R RAKESTRAW	SECRETARY TREASURER	12.00	Highest	$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
2025	No data	No data	No data	No data
2024	$264,983	$90,057	$3,758,198	$174,926
2023	$220,928	$93,230	$3,577,141	$127,698
2022	$162,024	$75,645	$3,451,164	$86,379
2021	$158,517	$114,486	$3,368,874	$44,031
2020	$156,385	$73,246	$3,321,253	$83,139
2019	$157,710	$60,501	$3,236,121	$97,209
2018	$152,686	$158,810	$3,142,340	$-6,124

FLOYD COUNTY MUTUAL FIRE INSURANCE