Civic Intelligence

Sherburne County Hra Trust

990 • Fiscal year 2021 • EIN 32-0168724

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 14, 2022

13880 Business Center Drive NWElk River, MN 55330

(763) 765-3011

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

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

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.00x

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

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Net Margin

77th percentile

29%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

8.7%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,222,149

Up $318,451 (+17%) from 2020

Net Assets

Up

$2,222,149

Up $318,451 (+17%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$1,051,583

Up $84,436 (+8.7%) from 2020

Expenses

Up

$747,842

Up $124,955 (+20%) from 2020

Net Income

Down

$303,741

Down $40,519 (-12%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,493,025Liabilities 2012: $0Net Assets 2012: $1,493,0252012Assets 2013: $1,459,898Liabilities 2013: $0Net Assets 2013: $1,459,8982013Assets 2014: $1,426,620Liabilities 2014: $0Net Assets 2014: $1,426,6202014Assets 2015: $1,416,482Liabilities 2015: $0Net Assets 2015: $1,416,4822015Assets 2016: $1,426,050Liabilities 2016: $0Net Assets 2016: $1,426,0502016Assets 2017: $1,510,740Liabilities 2017: $0Net Assets 2017: $1,510,7402017Assets 2018: $1,509,681Liabilities 2018: $0Net Assets 2018: $1,509,6812018Assets 2019: $1,544,758Liabilities 2019: $0Net Assets 2019: $1,544,7582019Assets 2020: $1,903,698Liabilities 2020: $0Net Assets 2020: $1,903,6982020Assets 2021: $2,222,149Liabilities 2021: $0Net Assets 2021: $2,222,1492021Assets 2022: $2,479,743Liabilities 2022: $0Net Assets 2022: $2,479,7432022Assets 2023: $2,783,438Liabilities 2023: $0Net Assets 2023: $2,783,4382023Assets 2024: $3,205,466Liabilities 2024: $0Net Assets 2024: $3,205,4662024

Highlighted filing

2021

Assets$2,222,149
Liabilities$0
Net Assets$2,222,149

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $391,9912012Revenue 2013: $449,279Expenses 2013: $482,406Net Income 2013: -$33,1272013Revenue 2014: $420,691Expenses 2014: $453,153Net Income 2014: -$32,4622014Revenue 2015: $438,674Expenses 2015: $441,158Net Income 2015: -$2,4842015Revenue 2016: $451,335Expenses 2016: $444,577Net Income 2016: $6,7582016Revenue 2017: $556,665Expenses 2017: $483,305Net Income 2017: $73,3602017Revenue 2018: $539,022Expenses 2018: $531,101Net Income 2018: $7,9212018Revenue 2019: $603,441Expenses 2019: $586,349Net Income 2019: $17,0922019Revenue 2020: $967,147Expenses 2020: $622,887Net Income 2020: $344,2602020Revenue 2021: $1,051,583Expenses 2021: $747,842Net Income 2021: $303,7412021Revenue 2022: $1,168,208Expenses 2022: $910,614Net Income 2022: $257,5942022Revenue 2023: $1,270,805Expenses 2023: $967,110Net Income 2023: $303,6952023Revenue 2024: $1,551,185Expenses 2024: $1,129,157Net Income 2024: $422,0282024

Highlighted filing

2021

Revenue$1,051,583
Expenses$747,842
Net Income$303,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 14, 2022
Return Version
2021v4.0
Gross Receipts
$1,051,583
Mission and Program Overview

Mission

To fund reimbursement of medical expenses under Health Reimbursement arrangement.

Fund health reimbursement arrangement benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,903,698$2,222,149▲ $318,451
Savings and Temporary Cash Investments$1,708,052$1,927,087▲ $219,035
Investments in Publicly Traded Securities$195,646$295,062▲ $99,416
Total Assets$1,903,698$2,222,149▲ $318,451
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,903,698$2,222,149▲ $318,451
Total Liabilities and Net Assets / Fund Balance$1,903,698$2,222,149▲ $318,451
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Hr Director
Tamara BigelowTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,951
Investment Income
$11,632
Other Revenue
$0
Change in Net Assets
$303,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,051,583
Revenue Not Reported on Form 990
$14,710
Total Revenue per Audited Statements
$1,066,293
Total Revenue per Form 990
$1,051,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,341
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$740,501--$740,501
Fees for Service Investment Mgmnt Fees$7,341--$7,341
Total Functional Expenses$747,842$0$0$747,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$747,842
Total Expenses per Audited Statements$747,842
Total Expenses per Form 990$747,842
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The participants of the health reimbursement arrangement funded by the organization are members of the organization.

Form 990, Page 6, Part VI, Line 7B

The participants of the hra are members of the organization, and they direct the investments of their accounts under the hra.

Form 990, Page 6, Part VI, Line 9

Mg trust company llc 717 17th street denver, co 80202

Form 990, Page 6, Part VI, Line 11B

The plan administrator, on behalf of the trustee, reviews the form 990 based upon the financial records for the organization and executes it.

Form 990, Page 6, Part VI, Line 19

The organization makes governing documents and financial statements available to the public upon written request to the organization. The information is then mailed to the requesting party.

Filing and Contact Details

Filer

Filer Name
Sherburne County Hra Trust
EIN
32-0168724
Phone
7637653011
Address
13880 BUSINESS CENTER DRIVE NW, ELK RIVER, MN 55330

Signing Officer

Name
Tamara Bigelow
Title
Hr Director
Phone
7637653011
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamara Bigelow
Formed
2005
Legal Domicile
Mn
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Lewis Kisch & Associates Ltd
Address
1125 SOUTH FRONTAGE ROAD SUITE 1, HASTINGS, MN 55033-2489
Preparer
Samantha R Mulvihill
Phone
6514373356
Raw XML Appendix233 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.

Path#Value
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IRS990/BenefitsToMembersGrp/ProgramServicesAmt0740501
IRS990/BenefitsToMembersGrp/TotalAmt0740501
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HEALTHEQUITY
IRS990/BooksInCareOfDetail/PhoneNum06516627431
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01750 YANKEE DOODLE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0EAGAN
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd0true
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IRS990/DeductibleNonCashContriInd0false
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IRS990/Desc0THE HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY ORGANIZATION MADE MEDICAL CARE REIMBURSEMENTS IN THE AMOUNT OF 740,501. EXPENSES RELATED TO THE INVESTMENT OF TRUST FUNDS TOTALED 7,341.
IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1HR DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01051583
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt011632
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011632
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0195646
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0295062
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FUND HEALTH REIMBURSEMENT ARRANGEMENT BENEFITS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01903698
IRS990/NetAssetsOrFundBalancesEOYAmt02222149
IRS990/NetUnrlzdGainsLossesInvstAmt014710
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TAMARA BIGELOW
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01039951
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01708052
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01927087
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0747842
IRS990ScheduleD/NetUnrealizedGainsInvstAmt014710
IRS990ScheduleD/RevenueNotReportedAmt014710
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IRS990ScheduleD/TotalExpensesPerForm990Amt0747842
IRS990ScheduleD/TotalRevenuePerForm990Amt01051583
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01066293
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0747842
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARTICIPANTS OF THE HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY THE ORGANIZATION ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PARTICIPANTS OF THE HRA ARE MEMBERS OF THE ORGANIZATION, AND THEY DIRECT THE INVESTMENTS OF THEIR ACCOUNTS UNDER THE HRA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MG TRUST COMPANY LLC 717 17TH STREET DENVER, CO 80202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN ADMINISTRATOR, ON BEHALF OF THE TRUSTEE, REVIEWS THE FORM 990 BASED UPON THE FINANCIAL RECORDS FOR THE ORGANIZATION AND EXECUTES IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. THE INFORMATION IS THEN MAILED TO THE REQUESTING PARTY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMARA BIGELOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HR DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07637653011
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERBURNE COUNTY HRA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0320168724
ReturnHeader/Filer/PhoneNum07637653011
ReturnHeader/Filer/USAddress/AddressLine1Txt013880 BUSINESS CENTER DRIVE NW
ReturnHeader/Filer/USAddress/CityNm0ELK RIVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055330
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411620961
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEWIS KISCH & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01125 SOUTH FRONTAGE ROAD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0550332489
ReturnHeader/PreparerPersonGrp/PhoneNum06514373356
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMANTHA R MULVIHILL
ReturnHeader/ReturnTs02022-06-16T11:24:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TAMARA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIGELOW
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.00$3.21$1.55$1.13$0.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.00$2.78$1.27$0.97$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.00$2.48$1.17$0.91$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$1.05$0.75$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.00$1.90$0.97$0.62$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.60$0.59$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$0.54$0.53$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$0.56$0.48$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$0.45$0.44$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.44$0.44$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.42$0.45$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.45$0.48$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.39