Opdahl Farm Mutual Insurance Co
Nonprofit profile at a glance
- EIN
- 460173784
- IRS 990 coverage
- 2010–2010
- Forms available
- Form 990 2010
- Location
- Castlewood, SD, USA
- Phone
- 6057932270
- Rating confidence
- Limited
- Sector
- Mutual Insurance Company & Associations
Reported finances
- Revenue
- $527,395
- Expenses
- $613,426
- Assets
- $299,854
- Liabilities
- $154,210
Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
6 people listed
Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
501(c)(15) property and casualty insurance company.
What it reported doing in 2010
Expenditures of tax-exempt property and casualty insurance company.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 68
- Sustainability: 22
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.3%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 5 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $25K · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.