FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS (EIN 750264365) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

Ruth Price

Phone

2545924515

Tax Period

2025-01-01 to 2025-12-31

FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS, founded in 1924, is a small nonprofit that reported $744K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Dwelling Insurance, fire, hail, wind, & lightning.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $668,750

Program Service Revenue $0

Investment Income $75,131

Other Revenue $0

TOTAL REVENUE $743,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,760

Fundraising Expenses $0

Program Expenses $0

Other Expenses $81,621

TOTAL EXPENSES $783,892

Year-over-Year Comparison

	2025	2024	Change
Revenue	$743,881	$677,630	+0.1%
Expenses	$783,892	$515,704	+0.5%
Net Income	$-40,011	$161,926	-1.2%

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

525

Independent Members

N/A

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

$11,951

Total Directors

$65,467

Key Employees

$51,266

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruth Price	Secretary/Treasurer	40	Director Key Emp Highest	$51,266	$0	$51,266
Marlin Quarles	President	20	Officer Director	$11,951	$0	$11,951
Michelle Bartell	Director	5	Director	$2,250	$0	$2,250
Sheila Bond-Harr	Director	1	Director	$0	$0	$0
Lesa Whaley	Director	1	Director	$0	$0	$0
Rick Price	Director	1	Director	$0	$0	$0
Josh Bottelberghe	Vice President	20	Officer Director	$0	$0	$0
Richard Nachtigall	Director	1	Key Emp	$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	$743,881	$783,892	$1,114,713	$-40,011
2024	$677,630	$515,704	$1,154,724	$161,926
2023	$570,547	$691,460	$992,798	$-120,913
2022	$535,565	$460,043	$1,113,713	$75,522
2021	$513,498	$474,404	$1,038,191	$39,094
2020	$513,235	$448,591	$999,736	$64,644

FARMERS MUTUAL INSURANCE ASSOCIATION OF ERATH COUNTY TEXAS