Civic Intelligence

Northland Veba Trust

EIN 26-0169906 • 501(c)9 • Cloquet, MN

Profile

Fund health reimbursement benefits funded by organization for the reinbursement of qualified medical expenses incurred by participants.

PO Box 720Cloquet, MN 55720-0720
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$6,080,237

Up $1,258,111 (+26%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$6,080,237

Up $1,258,111 (+26%) from 2023

Operations
Liabilities / Revenue38th percentileNet Margin87th percentile

Revenue

Up

$3,125,329

Up $1,070,784 (+52%) from 2023

Expenses

Up

$1,867,219

Up $65,110 (+3.6%) from 2023

Net Income

Up

$1,258,110

Up $1,005,674 (+398%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $3,894,097Liabilities 2020: $0Net Assets 2020: $3,894,0972020Assets 2021: $4,420,922Liabilities 2021: $0Net Assets 2021: $4,420,9222021Assets 2022: $4,569,689Liabilities 2022: $0Net Assets 2022: $4,569,6892022Assets 2023: $4,822,126Liabilities 2023: $0Net Assets 2023: $4,822,1262023Assets 2024: $6,080,237Liabilities 2024: $0Net Assets 2024: $6,080,2372024

Highlighted filing

2024

Assets$6,080,237
Liabilities$0
Net Assets$6,080,237
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2020: $1,972,197Expenses 2020: $1,402,960Net Income 2020: $569,2372020Revenue 2021: $2,261,317Expenses 2021: $1,734,492Net Income 2021: $526,8252021Revenue 2022: $1,955,691Expenses 2022: $1,806,925Net Income 2022: $148,7662022Revenue 2023: $2,054,545Expenses 2023: $1,802,109Net Income 2023: $252,4362023Revenue 2024: $3,125,329Expenses 2024: $1,867,219Net Income 2024: $1,258,1102024

Highlighted filing

2024

Revenue$3,125,329
Expenses$1,867,219
Net Income$1,258,110
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,080,237
Liabilities
$0
Net assets
$6,080,237
Revenue
$3,125,329
Expenses
$1,867,219
Net income
$1,258,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.08$0.00$6.08$3.13$1.87$1.26
2023Detailed filing. Detailed filing data is available for this year.$4.82$0.00$4.82$2.05$1.80$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.57$0.00$4.57$1.96$1.81$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$2.26$1.73$0.53
2020Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$1.97$1.40$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.0
Gross Receipts
$3,125,329
Mission and Program Overview

Mission

Fund health reimbursement benefits funded by organization for the reinbursement of qualified medical expenses incurred by participants.

Fund health reimbursement benefit funded by organization for the reimbursement of qualified medical expenses incurred by participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,822,126$6,080,237▲ $1,258,111
Cap Stk Tr Prin Current Funds$4,822,126$6,080,237▲ $1,258,111
Total Assets$4,822,126$6,080,237▲ $1,258,111
Liabilities
Accounts Payable and Accrued Expenses$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,822,126$6,080,237▲ $1,258,111
Total Liabilities and Net Assets / Fund Balance$4,822,126$6,080,237▲ $1,258,111
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Jon WoolvertonTrustee
Paul MershatTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,123,417
Investment Income
$1,912
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$1,258,110
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,867,219--$1,867,219
Total Functional Expenses$1,867,219$0$0$1,867,219
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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

Part VI, Line 11B

“One completes the form the other reviews it.”

Part VI, Line 19

“UPON REQUEST”

Part VI, Line 6

“Members”

Part VI, Line 8A

“We polled the governing body if they wanted to meet. It was agreed not to meet. If we had met there would be minutes taken and documented.”

Part VI, Line 8B

“There are no committees”

Filing and Contact Details

Filer

Filer Name
Northland Veba Tr
EIN
26-0169906
Phone
8004471690
Address
PO BOX 720, CLOQUET, MN 55720-0720

Signing Officer

Name
Paul Mershart
Title
Trustee
Phone
8004471690
Signed
2025-05-08

Organization Details

Formed
2006
Legal Domicile
Mn
Voting Board Members
2
Independent Board Members
2
Employees
0
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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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