Civic Intelligence

Local Farmers Mutual Fire & Lightning Insurance Co

EIN 31-1256309 • 501(c)15 • Brookville, IN

Profile

MUTUAL INSURANCE COMPANY

125 Main StreetBrookville, IN 47012

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.10x

Higher debt load relative to assets than 81% of similar nonprofits.

<$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.33x

Higher debt load relative to revenue than 96% of similar nonprofits.

<$500k nonprofits • Source year 2023

Net Margin

10th percentile

-135%

Higher net margin than 10% of similar nonprofits.

<$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2023

Asset Growth

32nd percentile

-20%

Faster asset growth than 32% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-76%

Faster revenue growth than 11% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$409,994

Down $101,734 (-20%) from 2022

Liabilities

Flat

$40,676

Flat from 2022

Net Assets

Down

$369,318

Down $101,734 (-22%) from 2022

Operations
Liabilities / Revenue96th percentileNet Margin10th percentile

Revenue

Down

$30,521

Down $95,494 (-76%) from 2022

Expenses

Down

$71,854

Down $53,963 (-43%) from 2022

Net Income

Down

-$41,333

Down $41,531 (-20975%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2020: $564,105Liabilities 2020: $51,085Net Assets 2020: $513,0202020Assets 2021: $534,082Liabilities 2021: $47,476Net Assets 2021: $486,6062021Assets 2022: $511,728Liabilities 2022: $40,676Net Assets 2022: $471,0522022Assets 2023: $409,994Liabilities 2023: $40,676Net Assets 2023: $369,3182023

Highlighted filing

2023

Assets$409,994
Liabilities$40,676
Net Assets$369,318
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2020: $187,943Expenses 2020: $203,888Net Income 2020: -$15,9452020Revenue 2021: $254,538Expenses 2021: $256,820Net Income 2021: -$2,2822021Revenue 2022: $126,015Expenses 2022: $125,817Net Income 2022: $1982022Revenue 2023: $30,521Expenses 2023: $71,854Net Income 2023: -$41,3332023

Highlighted filing

2023

Revenue$30,521
Expenses$71,854
Net Income-$41,333
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$409,994
Liabilities
$40,676
Net assets
$369,318
Revenue
$30,521
Expenses
$71,854
Net income
-$41,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.10$0.41$3.69$0.31$0.72$0.41
2022Detailed filing. Detailed filing data is available for this year.$5.12$0.41$4.71$1.26$1.26$0.00
2021Detailed filing. Detailed filing data is available for this year.$5.34$0.47$4.87$2.55$2.57$0.02
2020Detailed filing. Detailed filing data is available for this year.$5.64$0.51$5.13$1.88$2.04$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$30,521
Mission and Program Overview

Mission

MUTUAL INSURANCE COMPANY

Program Services

DescriptionGrantsExpenses
MUTUAL INSURANCE COMPANY--
MUTUAL INSURANCE COMPANY--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFFREY SAUERLANDPresident-$0--
DENNIS RAY HALPINVice Preside-$0--
DENNIS WEBERSecretary-$0--
GREG MEIERTreasurer-$0--
JERRY CARPENTERDirector-$0--
KEVIN JACKSONDirector-$0--
GARY RUFDirector-$0--
Filing and Contact Details

Filer

Filer Name
Local Farmers Mutual Fire &
EIN
31-1256309
Phone
7656475841
Address
125 MAIN STREET, BROOKVILLE, IN 47012

Signing Officer

Name
Jeffrey Sauerland
Title
President
Phone
7656475841
Signed
2024-11-14

Preparer

Firm
Brad Mtebbe CPA LLC
Address
601 MAIN ST, BROOKVILLE, IN 47012-1456
Preparer
Brad M Tebbe CPA
Phone
7656476136
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 30 insurance 2,100 total 2,130”

Form 990-ez, Part I, Line 20

“Accounting adjustment -60,401”

Form 990-ez, Part II, Line 26

“Deferred revenue 40,676 40,676”

Form 990-ez, Part III, Line 31

“MUTUAL INSURANCE COMPANY”

Raw XML Appendix119 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0NICOLE FRALEY
IRS990EZ/BooksInCareOfDetail/PhoneNum07656475841
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0125 MAIN STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd047012
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0511728
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0409994
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt017500
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-41333
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt042219
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0511728
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0409994
IRS990EZ/GrossReceiptsAmt030521
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt013021
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0471052
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0369318
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0471052
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0369318
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JEFFREY SAUERLAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DENNIS RAY HALPIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DENNIS WEBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GREG MEIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JERRY CARPENTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KEVIN JACKSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6GARY RUF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-60401
IRS990EZ/OtherExpensesTotalAmt02130
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MUTUAL INSURANCE COMPANY
IRS990EZ/PrintingPublicationsPostageAmt01350
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MUTUAL INSURANCE COMPANY
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MUTUAL INSURANCE COMPANY
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt026155
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt040676
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt040676
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt071854
IRS990EZ/TotalRevenueAmt030521
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 30 INSURANCE 2,100 TOTAL 2,130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING ADJUSTMENT -60,401
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEFERRED REVENUE 40,676 40,676
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MUTUAL INSURANCE COMPANY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY SAUERLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07656475841
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL FARMERS MUTUAL FIRE &
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LIGHTNING INSURANCE CO
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0311256309
ReturnHeader/Filer/PhoneNum07656475841
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0BROOKVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047012
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205176903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRAD MTEBBE CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0470121456
ReturnHeader/PreparerPersonGrp/PhoneNum07656476136
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD M TEBBE CPA
ReturnHeader/ReturnTs02024-11-14T11:30:05-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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