Wanamingo Mutual Insurance Company

Wanamingo, MN
Tax-exempt since Feb. 1988
EIN: 41-0598930

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Type of Nonprofit

Designated as a 501(c)(15) Mutual insurance companies or associations which provide insurance to members substantially at cost.

Donations to this organization are not tax deductible.

Revenue

$485k (2022)

Expenses

$356k (2022)

Total Assets

$3.18M (2022)

Total Liabilities

$245k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$485,194

Expenses

$355,743

Net Income

$129,451

Net Assets

$2,931,350

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,895	1.2%
Program Services	$360,962	74.4%
Investment Income	$118,337	24.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,150	10.7%

Assets/Debt
Total Assets	$3,176,344
Total Liabilities	$244,994
Net Assets	$2,931,350

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Hermann (President)	$15,771	$0	$0
Darrell Klevan (Vice President)	$10,417	$0	$0
Jerry Clemenson (Treasurer)	$825	$0	$0
Mary Veiseth (Director)	$600	$0	$0
Ron Kyllo (Secretary)	$525	$0	$0
Bradley Hegseth (Director)	$450	$0	$0
Owen Steberg (Director)	$450	$0	$0
Lisa Overby (Director Retired)	$75	$0	$0

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990

Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$477,184

Expenses

$418,517

Net Income

$58,667

Net Assets

$2,806,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,400	3.4%
Program Services	$344,307	72.2%
Investment Income	$116,477	24.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$29,390	7.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,752	3.3%

Assets/Debt
Total Assets	$3,091,443
Total Liabilities	$285,340
Net Assets	$2,806,103

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Hermann (President)	$16,761	$0	$0
Darrell Klevan (Vice President)	$10,604	$0	$0
Jerry Clemenson (Treasurer)	$600	$0	$0
Ron Kyllo (Secretary)	$375	$0	$0
Lisa Overby (Director)	$375	$0	$0
Mary Veiseth (Director)	$375	$0	$0
Bradley Hegseth (Director)	$225	$0	$0
Paul Finstuen (Director Retired)	$75	$0	$0

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990

Filed on April 25, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$422,430

Expenses

$264,803

Net Income

$157,627

Net Assets

$2,745,396

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$307,383	72.8%
Investment Income	$115,047	27.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$66,418	25.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,987	5.7%

Assets/Debt
Total Assets	$2,994,556
Total Liabilities	$249,160
Net Assets	$2,745,396

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Hermann (President)	$45,650	$0	$5,193
Darrell Klevan (Vice President)	$9,175	$0	$0
Jerry Clemenson (Treasurer)	$975	$0	$0
Ron Kyllo (Secretary)	$450	$0	$0
Paul Finstuen (Director)	$450	$0	$0
Lisa Overby (Director)	$375	$0	$0
Mary Veiseth (Director)	$300	$0	$0
Dean Baker (Director)	$275	$0	$0

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990

Filed on June 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$417,399

Expenses

$313,599

Net Income

$103,800

Net Assets

$2,586,372

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$372,236	89.2%
Investment Income	$51,984	12.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$6,821
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,925	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,449	13.5%

Assets/Debt
Total Assets	$2,813,118
Total Liabilities	$226,746
Net Assets	$2,586,372

Compensation

Key Employees and Officers	Compensation	Related	Other
Bonnie Hermann (Secretary)	$55,625	$0	$0
Darrell Klevan (Vice President)	$8,790	$0	$0
Jerry Clemenson (Treasurer)	$1,125	$0	$0
Dean Baker (President)	$950	$0	$0
Lisa Overby (Director)	$750	$0	$0
Paul Finstuen (Director)	$525	$0	$0
Ron Kyllo (Director)	$525	$0	$0

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990

Filed on April 28, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$449,831

Expenses

$273,269

Net Income

$176,562

Net Assets

$2,487,767

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$341,918	76.0%
Investment Income	$103,678	23.0%
Bond Proceeds	$0
Royalties	$4,235	0.9%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,425	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,686	15.6%

Assets/Debt
Total Assets	$2,697,749
Total Liabilities	$209,982
Net Assets	$2,487,767

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Clemenson (Treasurer)	$975	$0	$0
Dean Baker (President)	$575	$0	$0
Darrell Klevan (Vice President)	$375	$0	$0
Bonnie Hermann (Secretary)	$375	$0	$0
Paul Finstuen (Director)	$375	$0	$0
Lisa Overby (Director)	$375	$0	$0
Ron Kyllo (Director)	$375	$0	$0

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990

Filed on April 26, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$441,623

Expenses

$204,652

Net Income

$236,971

Net Assets

$2,306,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$342,086	77.5%
Investment Income	$94,917	21.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,620	1.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,080	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,118	20.6%

Assets/Debt
Total Assets	$2,511,329
Total Liabilities	$204,348
Net Assets	$2,306,981

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$406,746

Expenses

$397,531

Net Income

$9,215

Net Assets

$2,072,062

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$310,363	76.3%
Investment Income	$91,905	22.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,750	0.9%
Net Fundraising	$0
Sales of Assets	$728	0.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,660	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,043	10.1%

Assets/Debt
Total Assets	$2,398,503
Total Liabilities	$326,441
Net Assets	$2,072,062

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$406,832

Expenses

$343,280

Net Income

$63,552

Net Assets

$2,062,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$322,986	79.4%
Investment Income	$82,793	20.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,880	0.7%
Net Fundraising	$0
Sales of Assets	-$1,827
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,750	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,465	11.2%

Assets/Debt
Total Assets	$2,251,980
Total Liabilities	$189,927
Net Assets	$2,062,053

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$380,332

Expenses

$257,890

Net Income

$122,442

Net Assets

$2,004,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$302,705	79.6%
Investment Income	$74,217	19.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,410	0.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$49,944	19.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,009	2.3%

Assets/Debt
Total Assets	$2,174,855
Total Liabilities	$170,728
Net Assets	$2,004,127

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$354,206

Expenses

$416,097

Net Income

-$61,891

Net Assets

$1,879,443

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$260,135	73.4%
Investment Income	$75,660	21.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,400	0.7%
Net Fundraising	$0
Sales of Assets	$16,011	4.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,434	12.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,104	1.2%

Assets/Debt
Total Assets	$2,027,023
Total Liabilities	$147,580
Net Assets	$1,879,443

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$341,682

Expenses

$267,664

Net Income

$74,018

Net Assets

$1,938,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$268,454	78.6%
Investment Income	$70,108	20.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,120	0.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$66,242	24.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,707	2.5%

Assets/Debt
Total Assets	$2,090,440
Total Liabilities	$152,206
Net Assets	$1,938,234

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$327,748

Expenses

$186,573

Net Income

$141,175

Net Assets

$1,863,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$251,696	76.8%
Investment Income	$74,036	22.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,560	1.4%
Net Fundraising	$0
Sales of Assets	-$2,544
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,282	29.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,766	3.6%

Assets/Debt
Total Assets	$1,979,509
Total Liabilities	$116,176
Net Assets	$1,863,333

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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Wanamingo Mutual Insurance Company

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $485k (2022)

Expenses $356k (2022)

Total Assets $3.18M (2022)

Total Liabilities $245k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Revenue

$485k (2022)

Expenses

$356k (2022)

Total Assets

$3.18M (2022)

Total Liabilities

$245k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005