NAMIC MUTUAL INSURANCE FOUNDATION

EIN: 822815065 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$381,075
Total Expenses
$118,391
Total Assets
$734,170
Net Assets
$727,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
IN
Principal Officer
SARAH SCHNETTLER
Phone
3178755250
Tax Period
2024-05-01 to 2025-04-30

NAMIC MUTUAL INSURANCE FOUNDATION is a small nonprofit in the Education sector that reported $381K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $263K, a strong 69% operating margin.

Mission

THE NAMIC MUTUAL INSURANCE FOUNDATION, INC. IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE PRIMARY PURPOSE IS TO ADVANCE PUBLIC AWARENESS OF MUTUAL INSURANCE CONCEPTS AND THE INSURANCE INDUSTRY IN GENERAL; AND TO MAKE GRANTS, GIFTS OR CONTRIBUTIONS IN MONEY OR OTHER PROPERTY TO SCHOOLS, COLLEGES, UNIVERSITIES OR OTHER INSTITUTIONS OF LEARNING FOR FINANCIAL ASSISTANCE TO WORTHY STUDENTS TRAINING IN THE RISK MANAGEMENT AND INSURANCE INDUSTRY.

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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 $366,075
Program Service Revenue $0
Investment Income $0
Other Revenue $15,000
TOTAL REVENUE $381,075

Expense Breakdown

Grants Paid $106,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,000
Other Expenses $12,391
TOTAL EXPENSES $118,391

Year-over-Year Comparison

2024 2023 Change
Revenue $381,075 $131,399 +1.9%
Expenses $118,391 $166,272 -0.3%
Net Income $262,684 $-34,873 -8.5%
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

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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
7
Independent Members
6
Employees
N/A
Volunteers
9

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
$592,819
Total Directors
7
$1,302,749
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH SCHNETTLER EXECUTIVE DI 1.00
Officer
$0 $45,820 $428,078
ELIZABETH HECK CHAIR 1.00
Officer Director
$0 $0 $0
MARK RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
MARK WALZ DIRECTOR 1.00
Director
$0 $0 $0
JEFF WROBEL DIRECTOR 1.00
Director
$0 $0 $0
PAUL STUEVEN DIRECTOR 1.00
Director
$0 $0 $0
TRICIA MICKLEY DIRECTOR 1.00
Director
$0 $0 $0
NEIL ALLDREDGE DIRECTOR 1.00
Director
$0 $71,737 $1,302,749
NATHAN SALATI ASSISTANT TR 1.00
Officer
$0 $23,461 $164,741
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 $381,075 $118,391 $734,170 $262,684
2024 $131,399 $166,272 $462,163 $-34,873
2023 $388,540 $156,952 $498,074 $231,588
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