Farmers Mutual Fire Insurance Company Of Cleveland County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 484,114 | 462,294 | 21,820 | 50.4 | 28% |
| 2021 | 621,483 | 547,778 | 73,705 | 45.7 | 26% |
| 2022 | 550,750 | 520,708 | 30,042 | 40.9 | 28% |
| 2023 | 536,478 | 746,783 | −210,305 | 26.2 | 20% |
In its most recent public year (2023), this organization spent $210,305 more than it brought in. Its reserves stood at about 26.2 months of spending, down from 50.4 in 2019. Staff pay was 20% 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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