Civic Intelligence

Blue Ridge Mutual Association Inc

EIN 54-0515978 • 501(c)12 • Galax, VA

Profile

To provide timely and efficient services to our policyholders through collection of premiums and payment of claims.

PO Box 967Galax, VA 24333
Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Net Margin

1st percentile

-53%

Higher net margin than 1% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

70th percentile

$24,997

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Asset Growth

18th percentile

-2.0%

Faster asset growth than 18% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-9.3%

Faster revenue growth than 11% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$5,929,965

Down $355,237 (-5.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$5,929,965

Down $355,237 (-5.7%) from 2022

Revenue

Down

$397,358

Down $11,859 (-2.9%) from 2022

Expenses

Up

$638,619

Up $55,915 (+9.6%) from 2022

Net Income

Down

-$241,261

Down $67,774 (-39%) from 2022

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $8,665,499Liabilities 2011: $38,184Net Assets 2011: $8,627,3152011Assets 2012: $8,300,993Liabilities 2012: $38,340Net Assets 2012: $8,262,6532012Assets 2013: $7,704,667Liabilities 2013: $38,340Net Assets 2013: $7,666,3272013Assets 2014: $7,299,981Liabilities 2014: $35,150Net Assets 2014: $7,264,8312014Assets 2015: $7,116,619Liabilities 2015: $39,006Net Assets 2015: $7,077,6132015Assets 2016: $6,782,750Liabilities 2016: $40,600Net Assets 2016: $6,742,1502016Assets 2017: $6,644,238Liabilities 2017: $43,680Net Assets 2017: $6,600,5582017Assets 2018: $6,446,059Liabilities 2018: $43,680Net Assets 2018: $6,402,3792018Assets 2019: $7,312,826Liabilities 2019: $0Net Assets 2019: $7,312,8262019Assets 2020: $7,043,415Liabilities 2020: $0Net Assets 2020: $7,043,4152020Assets 2021: $6,926,126Liabilities 2021: $0Net Assets 2021: $6,926,1262021Assets 2022: $6,285,202Liabilities 2022: $0Net Assets 2022: $6,285,2022022Assets 2023: $5,929,965Liabilities 2023: $0Net Assets 2023: $5,929,9652023

Highlighted filing

2023

Assets$5,929,965
Liabilities$0
Net Assets$5,929,965

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $568,556Expenses 2011: $820,176Net Income 2011: -$251,6202011Revenue 2012: $497,160Expenses 2012: $861,666Net Income 2012: -$364,5062012Revenue 2013: $349,943Expenses 2013: $946,269Net Income 2013: -$596,3262013Revenue 2014: $484,956Expenses 2014: $886,452Net Income 2014: -$401,4962014Revenue 2015: $575,151Expenses 2015: $762,369Net Income 2015: -$187,2182015Revenue 2016: $409,685Expenses 2016: $745,147Net Income 2016: -$335,4622016Revenue 2017: $589,787Expenses 2017: $730,018Net Income 2017: -$140,2312017Revenue 2018: $589,038Expenses 2018: $787,217Net Income 2018: -$198,1792018Revenue 2019: $927,449Expenses 2019: $740,313Net Income 2019: $187,1362019Revenue 2020: $700,663Expenses 2020: $724,247Net Income 2020: -$23,5842020Revenue 2021: $796,663Expenses 2021: $784,052Net Income 2021: $12,6112021Revenue 2022: $409,217Expenses 2022: $582,704Net Income 2022: -$173,4872022Revenue 2023: $397,358Expenses 2023: $638,619Net Income 2023: -$241,2612023

Highlighted filing

2023

Revenue$397,358
Expenses$638,619
Net Income-$241,261

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.93$0.00$5.93$0.40$0.64$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$0.00$6.29$0.41$0.58$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$0.00$6.93$0.80$0.78$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$0.00$7.04$0.70$0.72$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$0.00$7.31$0.93$0.74$0.19
2018Summary only. Only limited summary data is available for this year.$6.45$0.04$6.40$0.59$0.79$0.20
2017Summary only. Only limited summary data is available for this year.$6.64$0.04$6.60$0.59$0.73$0.14
2016Summary only. Only limited summary data is available for this year.$6.78$0.04$6.74$0.41$0.75$0.34
2015Summary only. Only limited summary data is available for this year.$7.12$0.04$7.08$0.58$0.76$0.19
2014Summary only. Only limited summary data is available for this year.$7.30$0.04$7.26$0.48$0.89$0.40
2013Summary only. Only limited summary data is available for this year.$7.70$0.04$7.67$0.35$0.95$0.60
2012Summary only. Only limited summary data is available for this year.$8.30$0.04$8.26$0.50$0.86$0.36
2011Summary only. Only limited summary data is available for this year.$8.67$0.04$8.63$0.57$0.82$0.25
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 24, 2023
Return Version
2022v5.0
Gross Receipts
$512,206
Mission and Program Overview

Mission

To provide timely and efficient services to our policyholders through collection of premiums and payment of claims.

Blue Ridge Mutual Association, Inc. is a mutual assessment organization. All earnings are used for tax-exempt purposes and for the perpetuation of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,637,213$4,220,604▼ $416,609
Other Notes and Loans Receivable, Net$1,573,038$1,303,721▼ $269,317
Savings and Temporary Cash Investments$345,092$622,028▲ $276,936
Cash and Non-Interest-Bearing Accounts$370,783$138,849▼ $231,934
Total Assets$6,926,126$6,285,202▼ $640,924
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,949,599$5,713,774▼ $235,825
Net Assets Without Donor Restrictions$976,527$571,428▼ $405,099
Total Net Assets Fund Balance$6,926,126$6,285,202▼ $640,924
Total Liabilities and Net Assets / Fund Balance$6,926,126$6,285,202▼ $640,924
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn UnderwoodSecretary/TreasurerPT$500$500
Jacquilin McGradyVice PresidentPT$500$500
Larry Blevins JrPresidentPT$500$500
Marie LawsonSecond Vice President-$500$500

Board Members and Trustees

NameTitle
Charles CoxFirst Vice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$84,740
Investment Income
$324,477
Other Revenue
$0
Change in Net Assets
$-173,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,663
Salaries, Compensation, and Employee Benefits$2,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$462,041
Fees for Services Management---$56,000
Fees for Services Accounting---$19,500
Fees for Service Investment Mgmnt Fees---$17,867
Fees for Services Legal---$11,190
Office Expenses---$6,805
Information Technology---$5,742
Current Officers, Directors, Trustees, and Key Employees---$2,000
Other Expenses---$-6
Total Functional Expenses$0$0$0$582,704
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members with membership certificates (burial insurance certificates) have voting rights, but a proxy allows the Secretary/Treasurer to vote for absentee members.

Form 990, Part VI, Section A, Line 7A

The Board of Directors are elected at the annual membership meeting by members present or proxy by Secretary/Treasurer.

Form 990, Part VI, Section B, Line 11B

The executive committee of the Board of Directors performs a detailed review of the Form 990 prior to submission. The form is read and any questions or discrepancies are discussed among the committee and resolved prior to filing. Once filed, the Form 990 is made available to the remaining Board of Director members and is reviewed and discussed during the next scheduled Board meeting.

Form 990, Part VI, Section C, Line 19

All organizational documents, including but not limited to, governing documents, conflict of interest policy and financial statements are available to the public upon the organization receiving a request for such documents.

Filing and Contact Details

Filer

Filer Name
Blue Ridge Mutual Association Inc
EIN
54-0515978
Phone
2762366691
Address
PO Box 967, Galax, VA 24333

Signing Officer

Name
Larry Blevins
Title
President
Phone
2762366691
Signed
2023-04-24

Organization Details

Principal Officer
Larry Blevins Jr
Formed
1936
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 11B

The organization operates with minimum required reserve amounts that are established by the Virginia Bureau of Insurance as licensing requirements in order to do business as a Burial Society. These required life reserves include all funds not used to pay either expenses or death benefits, therefore investment income earned is not considered a source of income, but rather is an addition to required reserves.

Raw XML Appendix319 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
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Blue Ridge Mutual Association, Inc. is a mutual assessment organization. All earnings are used for tax-exempt purposes and for the perpetuation of the organization.
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IRS990/BenefitsToMembersGrp/TotalAmt0462041
IRS990/BooksInCareOfDetail/PersonNm0Larry C Blevins Jr
IRS990/BooksInCareOfDetail/PhoneNum02762366641
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 967
IRS990/BooksInCareOfDetail/USAddress/CityNm0Galax
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd024333
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IRS990/Form990PartVIISectionAGrp/PersonNm1Carolyn Underwood
IRS990/Form990PartVIISectionAGrp/PersonNm2Jacquilin McGrady
IRS990/Form990PartVIISectionAGrp/PersonNm3Marie Lawson
IRS990/Form990PartVIISectionAGrp/PersonNm4Charles Cox
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2500
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Second Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4First Vice President
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0212749
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization operates with minimum required reserve amounts that are established by the Virginia Bureau of Insurance as licensing requirements in order to do business as a Burial Society. These required life reserves include all funds not used to pay either expenses or death benefits, therefore investment income earned is not considered a source of income, but rather is an addition to required reserves.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members with membership certificates (burial insurance certificates) have voting rights, but a proxy allows the Secretary/Treasurer to vote for absentee members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors are elected at the annual membership meeting by members present or proxy by Secretary/Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive committee of the Board of Directors performs a detailed review of the Form 990 prior to submission. The form is read and any questions or discrepancies are discussed among the committee and resolved prior to filing. Once filed, the Form 990 is made available to the remaining Board of Director members and is reviewed and discussed during the next scheduled Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All organizational documents, including but not limited to, governing documents, conflict of interest policy and financial statements are available to the public upon the organization receiving a request for such documents.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxExemptBondsInd00
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IRS990/TotalAssetsBOYAmt06926126
IRS990/TotalAssetsEOYAmt06285202
IRS990/TotalAssetsGrp/BOYAmt06926126
IRS990/TotalAssetsGrp/EOYAmt06285202
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0582704
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06926126
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06285202
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotalProgramServiceRevenueAmt084740
IRS990/TotalReportableCompFromOrgAmt02000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0409217
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0409217
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06926126
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06285202
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 West Center Street
IRS990/USAddress/CityNm0Galax
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024333
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Larry Blevins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02762366691
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUE RIDGE MUTUAL ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0540515978
ReturnHeader/Filer/PhoneNum02762366691
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 967
ReturnHeader/Filer/USAddress/CityNm0Galax
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024333
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-04-24T10:06:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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