Civic Intelligence

Northland Veba Trust

990 • Fiscal year 2023 • EIN 26-0169906

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 16, 2024

Organization Profile
PO Box 720Cloquet, MN 55720-0720

(800) 447-1690

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

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

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.00x

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

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Asset Growth

50th percentile

5.5%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

5.1%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$4,822,126

Up $252,437 (+5.5%) from 2022

Net Assets

Up

$4,822,126

Up $252,437 (+5.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin64th percentile

Revenue

Up

$2,054,545

Up $98,854 (+5.1%) from 2022

Expenses

Down

$1,802,109

Down $4,816 (-0.3%) from 2022

Net Income

Up

$252,436

Up $103,670 (+70%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$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

2023

Assets$4,822,126
Liabilities$0
Net Assets$4,822,126
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$2,054,545
Expenses$1,802,109
Net Income$252,436
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 16, 2024
Return Version
2023v5.0
Gross Receipts
$2,054,545
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 benefits funded by organization for the reimbursement of qualied medical expenses incurred by particpants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,569,689$4,822,126▲ $252,437
Cap Stk Tr Prin Current Funds$4,569,689$4,822,126▲ $252,437
Total Assets$4,569,689$4,822,126▲ $252,437
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,569,689$4,822,126▲ $252,437
Total Liabilities and Net Assets / Fund Balance$4,569,689$4,822,126▲ $252,437
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Jon WoolvertonTrustee
Paul MershartTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,054,019
Investment Income
$526
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$252,436
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$1,802,109--$1,802,109
Total Functional Expenses$1,802,109$0$0$1,802,109
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
Jon Woolverton
Title
CEO
Phone
8004471690
Signed
2024-04-16

Organization Details

Principal Officer
Jon Woolverton
Formed
2006
Legal Domicile
Mn
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0
Raw XML Appendix249 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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IRS990/FundraisingAmt00
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IRS990/GoverningBodyVotingMembersCnt02
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt02054019
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02054545
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0526
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0526
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LessRentalExpensesGrp/PersonalAmt00
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IRS990/LicensedMoreThanOneStateInd0false
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IRS990/MembershipDuesAmt00
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IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02054019
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01806925
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IRS990/PYTotalRevenueAmt01955691
IRS990/QuidProQuoContributionsInd0false
IRS990/ReconcilationRevenueExpnssAmt0252436
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IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0526
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE 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.
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IRS990/USAddress/AddressLine2Txt0Po Box 720
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IRS990/USAddress/ZIPCd055720
IRS990/VotingMembersGoverningBodyCnt02
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jon Woolverton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08004471690
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHLAND VEBA TR
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0260169906
ReturnHeader/Filer/PhoneNum08004471690
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ReturnHeader/Filer/USAddress/CityNm0CLOQUET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0557200720
ReturnHeader/ReturnTs02024-04-16T18:04:59Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,822,126
Liabilities
$0
Net assets
$4,822,126
Revenue
$2,054,545
Expenses
$1,802,109
Net income
$252,436
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