The Farmers Mutual Fire Insur Co

EIN: 620424121

Maynardville, TN

Total Revenue
$74,001
Total Expenses
$58,041
Total Assets
$1,561,030
Net Assets
$1,527,312
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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
1913
Legal Domicile
TN
Principal Officer
Minnie R Sexton
Tax Period
2021-01-01 to 2021-12-31

The Farmers Mutual Fire Insur Co, founded in 1913, is a micro nonprofit that reported $74K in total revenue in fiscal year 2021. The organization ran a surplus of $16K, a strong 22% operating margin.

Mission

Insurance Other Than Life Ins

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $67,333
Investment Income $6,598
Other Revenue $70
TOTAL REVENUE $74,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,986
Fundraising Expenses $0
Program Expenses $58,041
Other Expenses $20,055
TOTAL EXPENSES $58,041

Year-over-Year Comparison

2021 2020 Change
Revenue $74,001 N/A N/A
Expenses $58,041 N/A N/A
Net Income $15,960 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
5
Independent Members
5
Employees
2
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy D Atkins Director 2.00
Director
$0 $0 $0
Noah Sexton Director 2.00
Director
$0 $0 $0
Warren Dykes VP Agent Dir 2.00
Director
$0 $0 $0
James G Sexton Director Pres 2.00
Officer Director
$0 $0 $0
Minnie R Sexton Sec Treas Dir 24.00
Officer 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
2021 $74,001 $58,041 $1,561,030 $15,960
2020 $94,482 $90,339 $1,545,347 $4,143
2019 $103,872 $115,275 $1,546,913 $-11,403
2018 $92,580 $111,209 $1,555,620 $-18,629
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