BIG SKY FARM MUTUAL INSURANCE COMP… - Form 990 Financial Data

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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

1936

Legal Domicile

Principal Officer

DANIKA QUENEMOEN

Phone

4065869034

Tax Period

2024-01-01 to 2024-12-31

BIG SKY FARM MUTUAL INSURANCE COMPANY, founded in 1936, is a small nonprofit that reported $720K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $327K, a strong 45% operating margin.

Mission

TO PROVIDE PROPERTY AND CASUALTY INSURANCE TO FARM AND RANCH BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $393,156

WE PROVIDE AFFORDABLE PROPERTY AND CASUALTY INSURANCE COVERAGE TO HOME, RENTAL, FARM, AND RANCH OWNERS, AND INCREASED THE PROPERTY HOLDER SURPLUS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $589,693

Investment Income $130,093

Other Revenue $0

TOTAL REVENUE $719,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,958

Fundraising Expenses $0

Program Expenses $393,156

Other Expenses $175,198

TOTAL EXPENSES $393,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$719,786	$606,587	+0.2%
Expenses	$393,156	$352,400	+0.1%
Net Income	$326,630	$254,187	+0.3%

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

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

$83,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT QUEEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SID KAMPS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN LIND	DIRECTOR	1.00	Director	$0	$0	$0
SHERWIN LEEP	DIRECTOR	1.00	Director	$0	$0	$0
GERRY DUSENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
TIM MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
DANIKA QUENEMOEN	SECRETARY/GENERAL MANAGER	40.00	Officer	$83,187	$0	$83,187

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	$719,786	$393,156	$3,825,929	$326,630
2023	$606,587	$352,400	$3,501,069	$254,187
2022	$342,989	$338,317	$3,173,493	$4,672
2021	$474,632	$389,060	$3,055,802	$85,572
2020	$450,585	$444,794	$2,940,617	$5,791
2019	$386,625	$488,050	$2,876,379	$-101,425
2018	$365,016	$236,505	$2,969,332	$128,511

BIG SKY FARM MUTUAL INSURANCE COMPANY