Local Farmers Mutual Fire And Lightning Insurance Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 165,481 | 170,538 | −5,057 | 35.3 | 19% |
| 2020 | 187,943 | 203,888 | −15,945 | 30.2 | 15% |
| 2021 | 254,538 | 256,820 | −2,282 | 22.7 | 13% |
| 2022 | 126,015 | 125,817 | 198 | 44.9 | 24% |
| 2023 | 30,521 | 71,854 | −41,333 | 61.7 | — |
In its most recent public year (2023), this organization spent $41,333 more than it brought in. Its reserves stood at about 61.7 months of spending, up from 35.3 in 2019.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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