Civic Intelligence

Mada Insurance Inc

990 • Fiscal year 2011 • EIN 23-7307098

Sep 01, 2010 to Aug 31, 2011 • Filed on Nov 30, 2011

200 Lothenbach Avenue55118
Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2011 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$464,181

No earlier filing loaded for comparison.

Net Assets

$462,619

No earlier filing loaded for comparison.

Liabilities

$1,562

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$9,041,275

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $464,181Liabilities 2011: $1,562Net Assets 2011: $462,6192011Assets 2012: $409,079Liabilities 2012: $19,570Net Assets 2012: $389,5092012Assets 2013: $355,199Liabilities 2013: $800Net Assets 2013: $354,3992013Assets 2014: $367,712Liabilities 2014: $147,268Net Assets 2014: $220,4442014Assets 2015: $202,049Liabilities 2015: $1,044Net Assets 2015: $201,0052015Assets 2016: $146,069Liabilities 2016: $1,068Net Assets 2016: $145,0012016Assets 2017: $963,177Liabilities 2017: $826,518Net Assets 2017: $136,6592017Assets 2018: $136,614Liabilities 2018: $1,034Net Assets 2018: $135,5802018Assets 2019: $140,573Liabilities 2019: $773Net Assets 2019: $139,8002019Assets 2020: $652,551Liabilities 2020: $508,934Net Assets 2020: $143,6172020Assets 2021: $605,621Liabilities 2021: $442,892Net Assets 2021: $162,7292021Assets 2022: $73,064Liabilities 2022: $73,064Net Assets 2022: $02022Assets 2023: $14,643Liabilities 2023: $14,643Net Assets 2023: $02023

Highlighted filing

2011

Assets$464,181
Liabilities$1,562
Net Assets$462,619

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $9,041,2752011Expenses 2012: $7,391,3582012Expenses 2013: $7,737,2802013Revenue 2014: $8,855,079Expenses 2014: $8,989,030Net Income 2014: -$133,9512014Revenue 2015: $9,341,563Expenses 2015: $9,361,002Net Income 2015: -$19,4392015Revenue 2016: $8,847,738Expenses 2016: $8,903,742Net Income 2016: -$56,0042016Revenue 2017: $9,155,041Expenses 2017: $9,163,383Net Income 2017: -$8,3422017Revenue 2018: $10,707,514Expenses 2018: $10,708,593Net Income 2018: -$1,0792018Revenue 2019: $10,746,212Expenses 2019: $10,741,992Net Income 2019: $4,2202019Revenue 2020: $7,872,651Expenses 2020: $7,868,834Net Income 2020: $3,8172020Revenue 2021: $6,610,521Expenses 2021: $6,591,409Net Income 2021: $19,1122021Revenue 2022: $5,365,750Expenses 2022: $5,478,436Net Income 2022: -$112,6862022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2011

Revenue-
Expenses$9,041,275
Net Income-
Jump To
Filing Snapshot
Filing Period
Sep 1, 2010 to Aug 31, 2011
Signed
Nov 30, 2011
Return Version
2010v3.4
Gross Receipts
$18,657,471
Mission and Program Overview

Mission

Mada insurance incorporated provides group insurance coverage on a fully insured basis through three insurance companies for minnesota automobile dealers association members and employees.

Filing and Contact Details

Filer

EIN
23-7307098
Raw XML Appendix393 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/Form990ScheduleDPartXIV/Explanation0THE TRUST IS GENERALLY EXEMPT FROM INCOME TAX UNDER THE IRC SECTION 501(C)(9) RULES FOR VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATIONS (VEBAS). THE TRUST OBTAINED ITS LATEST EXEMPTION LETTER ON MARCH 18, 1974, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE (IRC). THEREFORE, THE PLAN SPONSOR BELIEVES THE TRUST WAS QUALIFIED AND THE RELATED TRUSTS INCOME WAS TAX-EXEMPT AS OF THE FINANCIAL STATEMENT DATE. THE PLAN SPONSOR BELIEVES THAT THE TRUST CONTINUES TO QUALIFY AND TO OPERATE AS A TAX-EXEMPT VEBA. THE IRC RESTRICTS THE AMOUNT OF INVESTMENT INCOME WHICH CAN BE SET ASIDE TAX FREE INTO VEBA RESERVES. THEREFORE, INVESTMENT INCOME OF $17,015 FOR 2011 AND $18,187 FOR 2010 WAS TAXABLE. THE PLAN PAID $1,669 FOR 2011 AND $1,632 FOR 2010 OF UNRELATED BUSINESS INCOME TAX. THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES BECAUSE THE TRUST IS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, THE TRUST'S 2010, 2009 AND 2008 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS.
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IRS990ScheduleO/GeneralExplanation/Explanation0MADA INSURANCE, INC. HAS NO EMPLOYEES. MANAGEMENT OF THE ORGANIZATION IS DONE VIA MANAGEMENT AGREEMENTS WITH THE MINNESOTA AUTOMOBILE DEALERS ASSOCIATION AND MADA SERVICES, INC.
IRS990ScheduleO/GeneralExplanation/Explanation1FORM 990 IS PROVIDED TO THE ORGANIZATIONS GOVERNING BODY BEFORE IT IS FILED AND IT IS REVIEWED IN CONJUNCTION WITH THE REVIEW OF THE FUND'S ANNUAL AUDIT.
IRS990ScheduleO/GeneralExplanation/Explanation2CONFLICT OF INTEREST DISCLOSURES ARE COMPLETED ANNUALLY BY ALL BOARD MEMBERS AND MANAGEMENT COMPANY EXECUTIVES. NO CONFLICTS HAVE BEEN REPORTED TO DATE. APPROPRIATE ACTION, SUCH AS PROHIBITING AN INDIVIDUAL FROM PARTICIPATION IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS, WOULD BE TAKEN IN THE EVENT A CONFLICT WERE DISCOVERED.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4BERNIE WAGNILD AND DAVID BUERKLE WORK 1 HOUR/WEEK FOR MINNESOTA AUTO DEALERS ASSOCIATION AND SUBSIDIARIES, A RELATED ORGANIZATION. NO COMPENSATION IS RECEIVED.
IRS990ScheduleO/GeneralExplanation/Explanation5NET UNREALIZED LOSSES ON INVESTMENTS: -6,026.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 3
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IRS990ScheduleO/GeneralExplanation/Identifier2DESCRIPTION OF HOURS
IRS990ScheduleO/GeneralExplanation/Identifier3CHANGES IN NET ASSETS OR FUND BALANCES:
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IRS990/TotalRevenuePriorYear08821966
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome08946265
IRS990/TotalRevenue/TotalRevenueColumn08963280
IRS990/TotalRevenue/UnrelatedBusinessRevenue017015
IRS990/TransactionRelatedEntity00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UnrestrictedNetAssets/BOY0546640
IRS990/UnrestrictedNetAssets/EOY0462619
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01973
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0237307098
ReturnHeader/Filer/Name/BusinessNameLine10MADA INSURANCE INC
ReturnHeader/Filer/NameControl0MADA
ReturnHeader/Filer/Phone06512912400
ReturnHeader/Filer/USAddress/AddressLine10200 LOTHENBACH AVENUE
ReturnHeader/Filer/USAddress/City0ST PAUL
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055118
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-11-30
ReturnHeader/Officer/Name0MARK ROTH
ReturnHeader/Officer/Phone06512912400
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LARSONALLEN LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Phone06123764500
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-09-01
ReturnHeader/TaxPeriodEndDate02011-08-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-12-12T15:44:33-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.00$5.37$5.48$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.61$0.44$0.16$6.61$6.59$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.51$0.14$7.87$7.87$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$10.7$10.7$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$10.7$10.7$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.83$0.14$9.16$9.16$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$8.85$8.90$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$9.34$9.36$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.15$0.22$8.86$8.99$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.35$7.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.39$7.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$9.04