Farmers Mutual Insurance Company Of Sullivan & Adjoining Counties
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 318,581 | 239,724 | 78,857 | 42.0 | 33% |
| 2021 | 293,943 | 304,228 | −10,285 | 32.7 | 28% |
| 2022 | 295,968 | 324,728 | −28,760 | 29.5 | 31% |
| 2023 | 336,451 | 368,854 | −32,403 | 25.0 | 25% |
In its most recent public year (2023), this organization spent $32,403 more than it brought in. Its reserves stood at about 25 months of spending, down from 42 in 2020. Staff pay was 25% of spending.
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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