TRI-COUNTY FARMERS MUTUAL INS (EIN 810296425) - 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

1928

Legal Domicile

Principal Officer

ROSS SIMSER

Phone

4066541008

Tax Period

2024-01-01 to 2024-12-31

TRI-COUNTY FARMERS MUTUAL INS, founded in 1928, is a small nonprofit in the Mutual Benefit sector that reported $332K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $290K left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES INSURANCE TO THOSE WHO MAY BE UNABLE TO OBTAIN INSURANCE THROUGH OTHER INSURANCE COMPANIES

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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 $282,364

Program Service Revenue $0

Investment Income $49,844

Other Revenue $0

TOTAL REVENUE $332,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $289,789

TOTAL EXPENSES $289,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,208	$230,923	+0.4%
Expenses	$289,789	$263,082	+0.1%
Net Income	$42,419	$-32,159	-2.3%

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

$4,400

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SINTLER JR	DIRECTOR	1.00	Director	$1,400	$0	$1,400
VINCENT SCHMOECKEL	DIRECTOR	1.00	Director	$1,200	$0	$1,200
JASON ULRICH	DIRECTOR	1.00	Director	$1,400	$0	$1,400
ROSS SIMSER	SECRETARY/TREASURER	1.00	Officer	$1,400	$0	$1,400
DAVID SKIFF	PRESIDENT	1.00	Officer	$1,600	$0	$1,600
GARY KNUDSEN	VICE PRESIDENT	1.00	Officer	$1,400	$0	$1,400

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	No data	No data	No data	No data
2024	$332,208	$289,789	$1,445,211	$42,419
2023	$230,923	$263,082	$1,297,909	$-32,159
2022	$285,660	$232,282	$1,344,040	$53,378
2021	$338,003	$393,496	$1,265,499	$-55,493
2020	$367,220	$332,206	$1,300,567	$35,014
2019	$356,169	$341,847	$1,271,418	$14,322
2018	$334,617	$272,274	$1,210,937	$62,343

TRI-COUNTY FARMERS MUTUAL INS