PEOPLES MUTUAL FIRE INSURANCE CO OF WV

EIN: 550372473

BERKELEY SPRINGS, WV

Total Revenue
$100,815
Total Expenses
$114,078
Total Assets
$1,289,758
Net Assets
$1,261,714
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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
1900
Legal Domicile
WV
Principal Officer
SCOTT SWAIM
Phone
3042581466
Tax Period
2025-01-01 to 2025-12-31

PEOPLES MUTUAL FIRE INSURANCE CO OF WV, founded in 1900, is a small nonprofit that reported $101K in total revenue in fiscal year 2025. Expenses of $114K exceeded revenue, resulting in a 13% operating deficit.

Mission

MUTUAL FIRE INSURANCE COPMANY

Program Service Accomplishments

Program 1
Expenses: $84,248

MUTUAL FIRE INSURANCE COMPANY GROSS RURAL FIRE INSURANCE IN FORCE AS OF DECEMBER 31 2025 $48,216,855

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $66,541
Investment Income $34,274
Other Revenue $0
TOTAL REVENUE $100,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,077
Fundraising Expenses $0
Program Expenses $84,248
Other Expenses $91,001
TOTAL EXPENSES $114,078

Year-over-Year Comparison

2025 2024 Change
Revenue $100,815 N/A N/A
Expenses $114,078 N/A N/A
Net Income $-13,263 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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
$7,124
Total Directors
3
$7,124
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT SWAIM PRESIDENT 6.00
Officer Director
$3,124 $0 $3,124
AARON T CLOSE VICE PRES 10.00
Officer Director
$2,800 $0 $2,800
TIMOTHY B CLOSE SECTREAS 5.00
Officer Director
$1,200 $0 $1,200
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 $100,815 $114,078 $1,289,758 $-13,263
2024 $136,233 $95,390 $1,323,868 $40,843
2023 $126,665 $135,167 $1,317,488 $-8,502
2022 $114,644 $97,862 $1,374,145 $16,782
2021 $143,261 $117,686 $1,252,296 $25,575
2020 $117,447 $94,684 $1,315,286 $22,763
2019 $113,058 $91,729 $1,279,192 $21,329
2018 $86,530 $97,752 $1,246,005 $-11,222
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