PEOPLES MUTUAL FIRE INSURANCE CO OF WV

EIN: 550372473

BERKELEY SPRINGS, WV

Total Revenue
$136,233
Total Expenses
$95,390
Total Assets
$1,323,868
Net Assets
$1,289,062
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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
2024-01-01 to 2024-12-31

PEOPLES MUTUAL FIRE INSURANCE CO OF WV, founded in 1900, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. The organization ran a surplus of $41K, a strong 30% operating margin.

Mission

MUTUAL FIRE INSURANCE COPMANY

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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 $77,530
Investment Income $58,703
Other Revenue $0
TOTAL REVENUE $136,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,822
Fundraising Expenses $0
Program Expenses $65,892
Other Expenses $71,568
TOTAL EXPENSES $95,390

Year-over-Year Comparison

2024 2023 Change
Revenue $136,233 N/A N/A
Expenses $95,390 N/A N/A
Net Income $40,843 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
$7,424
Total Directors
3
$7,424
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 10.00
Officer Director
$1,500 $0 $1,500
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 $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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