Civic Intelligence

Abhe & Svoboda Inc Health and Welfare Trust

990 • Fiscal year 2015 • EIN 20-0005676

May 01, 2014 to Apr 30, 2015 • Filed on Dec 08, 2015

18100 Dairy LaneJordan, MN 55352

(952) 447-6025

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.01x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.00x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Net Margin

65th percentile

8.1%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$276,379

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Asset Growth

89th percentile

31%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

36%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$800,918

Up $191,852 (+31%) from 2014

Net Assets

Up

$796,463

Up $190,647 (+31%) from 2014

Liabilities

Up

$4,455

Up $1,205 (+37%) from 2014

Revenue

Up

$2,349,149

Up $620,510 (+36%) from 2014

Expenses

Up

$2,158,502

Up $409,492 (+23%) from 2014

Net Income

Up

$190,647

Up $211,018 (+1036%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $717,972Liabilities 2011: $60,201Net Assets 2011: $657,7712011Assets 2012: $615,795Liabilities 2012: $0Net Assets 2012: $615,7952012Assets 2013: $626,187Liabilities 2013: $0Net Assets 2013: $626,1872013Assets 2014: $609,066Liabilities 2014: $3,250Net Assets 2014: $605,8162014Assets 2015: $800,918Liabilities 2015: $4,455Net Assets 2015: $796,4632015Assets 2016: $1,246,240Liabilities 2016: $3,546Net Assets 2016: $1,242,6942016Assets 2017: $1,565,328Liabilities 2017: $386Net Assets 2017: $1,564,9422017Assets 2018: $1,526,393Liabilities 2018: $19,257Net Assets 2018: $1,507,1362018Assets 2019: $823,747Liabilities 2019: $14,982Net Assets 2019: $808,7652019Assets 2020: $375,336Liabilities 2020: $1,153Net Assets 2020: $374,1832020Assets 2021: $469,038Liabilities 2021: $2,560Net Assets 2021: $466,4782021Assets 2022: $457,700Liabilities 2022: $327,614Net Assets 2022: $130,0862022Assets 2023: $492,381Liabilities 2023: $465,260Net Assets 2023: $27,1212023

Highlighted filing

2015

Assets$800,918
Liabilities$4,455
Net Assets$796,463

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,717,853Expenses 2011: $1,444,919Net Income 2011: $272,9342011Expenses 2012: $1,724,6532012Expenses 2013: $2,043,8052013Revenue 2014: $1,728,639Expenses 2014: $1,749,010Net Income 2014: -$20,3712014Revenue 2015: $2,349,149Expenses 2015: $2,158,502Net Income 2015: $190,6472015Revenue 2016: $2,441,346Expenses 2016: $1,995,115Net Income 2016: $446,2312016Revenue 2017: $3,021,712Expenses 2017: $2,699,464Net Income 2017: $322,2482017Revenue 2018: $2,863,333Expenses 2018: $2,921,139Net Income 2018: -$57,8062018Revenue 2019: $2,126,094Expenses 2019: $2,824,465Net Income 2019: -$698,3712019Revenue 2020: $1,880,232Expenses 2020: $2,314,814Net Income 2020: -$434,5822020Revenue 2021: $1,964,681Expenses 2021: $1,872,386Net Income 2021: $92,2952021Revenue 2022: $1,748,869Expenses 2022: $2,085,261Net Income 2022: -$336,3922022Revenue 2023: $1,849,893Expenses 2023: $1,952,858Net Income 2023: -$102,9652023

Highlighted filing

2015

Revenue$2,349,149
Expenses$2,158,502
Net Income$190,647
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Dec 8, 2015
Return Version
2014v5.0
Gross Receipts
$2,349,149
Mission and Program Overview

Mission

Abhe & svoboda, inc. Health and welfare trust provides funding for group insurance coverage for employees of abhe & svoboda, inc., and their dependents.

Funds group insurance coverage for employees of abhe & svoboda, inc., & their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$605,816$796,463▲ $190,647
Savings and Temporary Cash Investments$544,605$632,891▲ $88,286
Accounts Receivable$63,060$166,410▲ $103,350
Prepaid Expenses and Deferred Charges$1,401$1,617▲ $216
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$609,066$800,918▲ $191,852
Liabilities
Accounts Payable and Accrued Expenses$3,250$4,455▲ $1,205
Total Liabilities$3,250$4,455▲ $1,205
Net Assets / Fund Balance
Total Net Assets Fund Balance$605,816$796,463▲ $190,647
Total Liabilities and Net Assets / Fund Balance$609,066$800,918▲ $191,852
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gail SvobodaTrustee
Roxane SvobodaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,349,149
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$190,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,349,149
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,349,149
Total Revenue per Form 990
$2,349,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,978,485
Fees for Services Management---$133,098
Fees for Services Accounting---$27,226
Fees for Services Other---$19,693
Total Functional Expenses$0$0$0$2,158,502

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,158,502
Total Expenses per Audited Statements$2,158,502
Total Expenses per Form 990$2,158,502
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Gail svoboda and roxane svoboda have a family relationship.

Form 990, Part VI, Section B, Line 11

Form 990 is provided to the organization's governing body before it is filed and it is reviewed in conjunction with the review of the related plan's annual audit.

Form 990, Part VI, Section C, Line 19

The governing documents and form 990 are made available to the public upon request. The trust is in the process of drafting a conflict of interest policy.

FORM 990, PART VII, LINE 1A:

Compensation from a related organization for the trustees listed is excluded as allowed under the volunteer exception in the form 990 instructions.

Filing and Contact Details

Filer

Filer Name
Abhe & Svoboda Inc Health and Welfare Trust
EIN
20-0005676
Phone
9524476025
Address
18100 DAIRY LANE, JORDAN, MN 55352

Signing Officer

Name
Roxane Svoboda
Title
Trustee
Phone
9524476025
Signed
2015-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roxane Svoboda
Formed
2003
Legal Domicile
Mn
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Stacy Meyer
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The veba trust funding certain benefits of the plan received an exemption letter from the irs dated december 16, 2010, stating that the trust is tax-exempt under the provisions of section 501(c)9 of the irc. However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2015 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2012.

Raw XML Appendix323 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VEBA TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED DECEMBER 16, 2010, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2015 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GAIL SVOBODA AND ROXANE SVOBODA HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED AND IT IS REVIEWED IN CONJUNCTION WITH THE REVIEW OF THE RELATED PLAN'S ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE TRUST IS IN THE PROCESS OF DRAFTING A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FROM A RELATED ORGANIZATION FOR THE TRUSTEES LISTED IS EXCLUDED AS ALLOWED UNDER THE VOLUNTEER EXCEPTION IN THE FORM 990 INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII, LINE 1A:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0200005676
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0CONSTRUCTION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ABHE & SVOBODA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt018100 DAIRY LANE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0JORDAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd055352
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0609066
IRS990/TotalAssetsEOYAmt0800918
IRS990/TotalAssetsGrp/BOYAmt0609066
IRS990/TotalAssetsGrp/EOYAmt0800918
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02158502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03250
IRS990/TotalLiabilitiesEOYAmt04455
IRS990/TotalLiabilitiesGrp/BOYAmt03250
IRS990/TotalLiabilitiesGrp/EOYAmt04455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0605816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0796463
IRS990/TotalOtherCompensationAmt010920
IRS990/TotalProgramServiceRevenueAmt02349149
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02349149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02349149
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0609066
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0800918
IRS990/TotReportableCompRltdOrgAmt0528679
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018100 DAIRY LANE
IRS990/USAddress/CityNm0JORDAN
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055352
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROXANE SVOBODA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09524476025
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABHE & SVOBODA INC HEALTH AND WELFARE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ABHE
ReturnHeader/Filer/EIN0200005676
ReturnHeader/Filer/PhoneNum09524476025
ReturnHeader/Filer/USAddress/AddressLine1Txt018100 DAIRY LANE
ReturnHeader/Filer/USAddress/CityNm0JORDAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055352
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY MEYER
ReturnHeader/ReturnTs02015-12-10T12:55:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.49$0.47$0.03$1.85$1.95$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.33$0.13$1.75$2.09$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$1.96$1.87$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.37$1.88$2.31$0.43
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$2.13$2.82$0.70
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.02$1.51$2.86$2.92$0.06
2017Summary only. Only limited summary data is available for this year.$1.57$0.00$1.56$3.02$2.70$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.00$1.24$2.44$2.00$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$2.35$2.16$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$1.73$1.75$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$2.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$1.72
2011Summary only. Only limited summary data is available for this year.$0.72$0.06$0.66$1.72$1.44$0.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)9 • $1M-$5M nonprofits