Polk & Butler Mutual Insurance Company
501(c)(15)
Only null% goes to programs Strong reserves Growing revenue
Polk & Butler Mutual Insurance Company is a 501(c)(15) organization based in Osceola, Nebraska, registered in 1923, with $949,374 in FY2024 revenue. CharityIndex grades it C+.
Po Box 262, Osceola, NE, 68651 EIN 47-0272550 Since 1923
Revenue (FY2024)
$949K
▲ 48.1% vs prior year
Expenses (FY2024)
$977K
Net assets
$985K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Polk & Butler Mutual Insurance Company— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating12 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Polk & Butler Mutual Insurance Company: 12 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Polk & Butler Mutual Insurance Company— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Polk & Butler Mutual Insurance Company: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $450K (FY2013) to $949K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $34KNet assets $985K
Operating margin
-3.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$34K
Net assets
$985K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $949,374▲48.1% | $977,479▲71.4% | $984,955▼2.8% | $1,018,838▼4.2% | 990 |
| 2023 | $641,011▼8.1% | $570,151▼18.3% | $1,013,060▲7.5% | $1,063,587▲10.5% | 990 |
| 2022 | $697,728▲41.4% | $697,588▲26.5% | $942,200 | $962,835▼6.4% | 990 |
| 2021 | $493,578▼11.0% | $551,631▲22.1% | $942,061▼5.8% | $1,028,868▲0.9% | 990 |
| 2020 | $554,358▲5.5% | $451,961▲12.5% | $1,000,112▲11.4% | $1,019,791▲11.4% | 990 |
| 2019 | $525,702▼4.9% | $401,789▼15.8% | $897,715▲16.0% | $915,728▲12.9% | 990 |
| 2018 | $552,723▲20.0% | $477,336▲30.2% | $773,802▲10.8% | $811,241▲15.0% | 990 |
| 2017 | $460,558▲10.8% | $366,694▲5.7% | $698,415▲15.5% | $705,246▲15.5% | 990 |
| 2016 | $415,719▲5.4% | $346,862▼21.8% | $604,551▲12.9% | $610,768▲12.8% | 990 |
| 2015 | $394,577▲4.9% | $443,484▲3.8% | $535,694▼8.4% | $541,492▼7.9% | 990 |
| 2014 | $376,318▼16.4% | $427,239▲31.0% | $584,601▼8.0% | $587,824▼8.2% | 990 |
| 2013 | $450,252 | $326,237▲9.0% | $635,522▲24.2% | $640,439▲23.9% | 990 |
| 2012 | — | $299,274▼49.4% | $511,507▲20.8% | $516,723▲20.6% | 990 |
| 2011 | — | $591,483▲124% | $423,337▼8.2% | $428,312▼8.1% | 990 |
| 2010 | — | $263,506 | $461,045 | $466,064 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Polk & Butler Mutual Insurance Company a legitimate nonprofit?
- Yes. Polk & Butler Mutual Insurance Company is a 501(c)(15) organization registered with the U.S. Internal Revenue Service under EIN 47-0272550, based in Osceola, Nebraska.
- What is Polk & Butler Mutual Insurance Company's EIN?
- Polk & Butler Mutual Insurance Company's Employer Identification Number (EIN) is 47-0272550.
- How much revenue does Polk & Butler Mutual Insurance Company report?
- Polk & Butler Mutual Insurance Company reported $949,374 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Polk & Butler Mutual Insurance Company have?
- CharityIndex grades Polk & Butler Mutual Insurance Company C+, based on financial health (reserves and operating margin).
More nonprofits in Osceola
Explore more
Data for Polk & Butler Mutual Insurance Company (EIN 47-0272550) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.