Civic Intelligence

Elk River Fire Department Relief Association

990 • Fiscal year 2016 • EIN 36-3415975

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

415 Jackson AvenueElk River, MN 55330

(763) 635-1081

Siviq Scores

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

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.47x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

34%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$2,423

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

83rd percentile

15%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

2.2%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,245,891

Up $427,588 (+15%) from 2015

Net Assets

Up

$3,098,876

Up $280,573 (+10.0%) from 2015

Liabilities

Up

$147,015

Up $147,015 from 2015

Revenue

Up

$312,402

Up $6,782 (+2.2%) from 2015

Expenses

Down

$205,497

Down $276,569 (-57%) from 2015

Net Income

Up

$106,905

Up $283,351 (+161%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,458,038Liabilities 2012: $0Net Assets 2012: $2,458,0382012Assets 2013: $2,880,842Liabilities 2013: $0Net Assets 2013: $2,880,8422013Assets 2014: $3,192,687Liabilities 2014: $0Net Assets 2014: $3,192,6872014Assets 2015: $2,818,303Liabilities 2015: $0Net Assets 2015: $2,818,3032015Assets 2016: $3,245,891Liabilities 2016: $147,015Net Assets 2016: $3,098,8762016Assets 2017: $3,755,571Liabilities 2017: $127Net Assets 2017: $3,755,4442017Assets 2018: $3,402,437Liabilities 2018: $917Net Assets 2018: $3,401,5202018Assets 2019: $3,865,842Liabilities 2019: $107,515Net Assets 2019: $3,758,3272019Assets 2020: $4,080,780Liabilities 2020: $1,103Net Assets 2020: $4,079,6772020Assets 2021: $4,395,996Liabilities 2021: $1,272Net Assets 2021: $4,394,7242021Assets 2022: $3,290,706Liabilities 2022: $0Net Assets 2022: $3,290,7062022Assets 2023: $3,305,596Liabilities 2023: $0Net Assets 2023: $3,305,5962023Assets 2024: $3,929,988Liabilities 2024: $0Net Assets 2024: $3,929,9882024

Highlighted filing

2016

Assets$3,245,891
Liabilities$147,015
Net Assets$3,098,876

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2012: $196,6662012Revenue 2013: $350,196Expenses 2013: $165,850Net Income 2013: $184,3462013Revenue 2014: $334,749Expenses 2014: $48,421Net Income 2014: $286,3282014Revenue 2015: $305,620Expenses 2015: $482,066Net Income 2015: -$176,4462015Revenue 2016: $312,402Expenses 2016: $205,497Net Income 2016: $106,9052016Revenue 2017: $316,737Expenses 2017: $63,493Net Income 2017: $253,2442017Revenue 2018: $334,522Expenses 2018: $400,754Net Income 2018: -$66,2322018Revenue 2019: $333,362Expenses 2019: $462,732Net Income 2019: -$129,3702019Revenue 2020: $351,987Expenses 2020: $284,348Net Income 2020: $67,6392020Revenue 2021: $352,874Expenses 2021: $357,540Net Income 2021: -$4,6662021Revenue 2022: $384,536Expenses 2022: $913,873Net Income 2022: -$529,3372022Revenue 2023: $423,701Expenses 2023: $656,927Net Income 2023: -$233,2262023Revenue 2024: $483,667Expenses 2024: $73,203Net Income 2024: $410,4642024

Highlighted filing

2016

Revenue$312,402
Expenses$205,497
Net Income$106,905
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$312,402
Mission and Program Overview

Mission

To provide retirement benefits to association members.

To provide retirement benefits to volunteer firefighters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,807,806$2,888,344▲ $80,538
Cash and Non-Interest-Bearing Accounts$7,287$218,396▲ $211,109
Savings and Temporary Cash Investments-$139,151-
Pledges and Grants Receivable$3,000--
Total Assets$2,818,303$3,245,891▲ $427,588
Other Assets Total$210--
Liabilities
Other Liabilities$0$147,015▲ $147,015
Accounts Payable and Accrued Expenses-$0-
Total Liabilities$0$147,015▲ $147,015
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,817,702$3,096,419▲ $278,717
Unrestricted Net Assets$601$2,457▲ $1,856
Total Net Assets Fund Balance$2,818,303$3,098,876▲ $280,573
Total Liabilities and Net Assets / Fund Balance$2,818,303$3,245,891▲ $427,588
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joseph LiborTreasurer (end March 2016)$2,423$2,423
Tristan NickaSecretary$616$616
Scott SchmittPresident$331$331

Board Members and Trustees

NameTitle
Dave KingVice President
John DietzTrustee
Keith ThorsonTrustee
Lori ZiemerTrustee
Rich CzechTrustee
T John CunninghamTrustee
Rich NiemelaTreasurer (start March 2016)
Revenue and Support

Revenue Composition

Contributions and Grants
$224,674
Program Service Revenue
$0
Investment Income
$87,728
Other Revenue
$0
All Other Contributions
$15,482
Change in Net Assets
$106,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$280,430
Revenue Not Reported on Financial Statements
$31,972
Revenue Not Reported on Form 990
$173,668
Total Revenue per Audited Statements
$454,098
Total Revenue per Form 990
$312,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,112
Salaries, Compensation, and Employee Benefits$3,370
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$147,015--$147,015
Fees for Service Investment Mgmnt Fees-$31,972-$31,972
Fees for Services Accounting-$6,099-$6,099
Conferences and Meetings-$3,493-$3,493
Current Officers, Directors, Trustees, and Key Employees-$3,370-$3,370
Fees for Services Other-$3,125-$3,125
Grants to Domestic Individuals$1,000--$1,000
Other Expenses-$308-$308
Total Functional Expenses$148,015$57,482$0$205,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$205,497
Expenses per Audited Statements$173,525
Total Expenses per Audited Statements$173,525
Expenses Not Reported on Financial Statements$31,972
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Benefits Payable$147,015
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section A, Line 6

The relief association has four classes of membership: active members: active members are the members who are serving on active service in the performance of fire suppression duties or the supervision of fire suppression duties of the elk river fire department. Deferred members: deferred members are those members who have served at least five (5) years of active duty as firefighters in the elk river fire department, have separated from such service as firefighters and have been members in good standing of the association at least five (5) consecutive years prior to separation from service, other than time on suspension and approved leaves of absence. Retired members: retired members are those members who have received service pensions from the association. Inactive members: inactive members are those members who have separated from service as fire department but have not met the minimum years of service to be yested in the plan.

Form 990, Part VI, Section A, Line 7A

A board of trustees administers the relief association. The board of trustees consists of nine trustees, six trustees are elected from the membership at large of the relief association and the remaining three serve on the board as required by law. These positions include the chief of the elk river fire department, one elected municipal official and one elected or appointed municipal official who are designated annually as municipal representatives of the city council of the city of elk river. In addition, trustees or officers may be removed for cause at a meeting of membership called for that specific purpose by 2/3 vote of those present at the meeting.

Form 990, Part VI, Section A, Line 7B

The board of trustees makes the official decisions for the association. The membership of the association must vote to approve any changes to the bylaws. Ammendments to change the amount of benefits or pensions requires approval of the city council of the city of elk river.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the association's treasurer.

Form 990, Part VI, Section C, Line 19

The association makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Elk River Fire Relief Association
EIN
36-3415975
Phone
7636351081
Address
415 JACKSON AVENUE, ELK RIVER, MN 55330

Signing Officer

Name
Scott Schmitt
Title
President
Phone
7636351081
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Schmitt
Formed
1922
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
1

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 1, OTHER ACCOUNTING METHOD:

The association uses the modified accrual method of accounting.

Raw XML Appendix362 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleD/TotalLiabilityAmt0147015
IRS990ScheduleD/TotalRevenuePerForm990Amt0312402
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0454098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0173525
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RELIEF ASSOCIATION HAS FOUR CLASSES OF MEMBERSHIP: ACTIVE MEMBERS: ACTIVE MEMBERS ARE THE MEMBERS WHO ARE SERVING ON ACTIVE SERVICE IN THE PERFORMANCE OF FIRE SUPPRESSION DUTIES OR THE SUPERVISION OF FIRE SUPPRESSION DUTIES OF THE ELK RIVER FIRE DEPARTMENT. DEFERRED MEMBERS: DEFERRED MEMBERS ARE THOSE MEMBERS WHO HAVE SERVED AT LEAST FIVE (5) YEARS OF ACTIVE DUTY AS FIREFIGHTERS IN THE ELK RIVER FIRE DEPARTMENT, HAVE SEPARATED FROM SUCH SERVICE AS FIREFIGHTERS AND HAVE BEEN MEMBERS IN GOOD STANDING OF THE ASSOCIATION AT LEAST FIVE (5) CONSECUTIVE YEARS PRIOR TO SEPARATION FROM SERVICE, OTHER THAN TIME ON SUSPENSION AND APPROVED LEAVES OF ABSENCE. RETIRED MEMBERS: RETIRED MEMBERS ARE THOSE MEMBERS WHO HAVE RECEIVED SERVICE PENSIONS FROM THE ASSOCIATION. INACTIVE MEMBERS: INACTIVE MEMBERS ARE THOSE MEMBERS WHO HAVE SEPARATED FROM SERVICE AS FIRE DEPARTMENT BUT HAVE NOT MET THE MINIMUM YEARS OF SERVICE TO BE YESTED IN THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A BOARD OF TRUSTEES ADMINISTERS THE RELIEF ASSOCIATION. THE BOARD OF TRUSTEES CONSISTS OF NINE TRUSTEES, SIX TRUSTEES ARE ELECTED FROM THE MEMBERSHIP AT LARGE OF THE RELIEF ASSOCIATION AND THE REMAINING THREE SERVE ON THE BOARD AS REQUIRED BY LAW. THESE POSITIONS INCLUDE THE CHIEF OF THE ELK RIVER FIRE DEPARTMENT, ONE ELECTED MUNICIPAL OFFICIAL AND ONE ELECTED OR APPOINTED MUNICIPAL OFFICIAL WHO ARE DESIGNATED ANNUALLY AS MUNICIPAL REPRESENTATIVES OF THE CITY COUNCIL OF THE CITY OF ELK RIVER. IN ADDITION, TRUSTEES OR OFFICERS MAY BE REMOVED FOR CAUSE AT A MEETING OF MEMBERSHIP CALLED FOR THAT SPECIFIC PURPOSE BY 2/3 VOTE OF THOSE PRESENT AT THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES MAKES THE OFFICIAL DECISIONS FOR THE ASSOCIATION. THE MEMBERSHIP OF THE ASSOCIATION MUST VOTE TO APPROVE ANY CHANGES TO THE BYLAWS. AMMENDMENTS TO CHANGE THE AMOUNT OF BENEFITS OR PENSIONS REQUIRES APPROVAL OF THE CITY COUNCIL OF THE CITY OF ELK RIVER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE ASSOCIATION'S TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION USES THE MODIFIED ACCRUAL METHOD OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1, OTHER ACCOUNTING METHOD:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02817702
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03096419
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02818303
IRS990/TotalAssetsEOYAmt03245891
IRS990/TotalAssetsGrp/BOYAmt02818303
IRS990/TotalAssetsGrp/EOYAmt03245891
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0224674
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057482
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0148015
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0147015
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0147015
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02818303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03098876
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0148015
IRS990/TotalReportableCompFromOrgAmt03370
IRS990/TotalRevenueGrp/ExclusionAmt087728
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312402
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02818303
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03245891
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0601
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02457
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0415 JACKSON AVENUE
IRS990/USAddress/CityNm0ELK RIVER
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055330
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ELKRIVERMN.GOV
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT SCHMITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07636351081
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELK RIVER FIRE RELIEF ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0ELKR
ReturnHeader/Filer/EIN0363415975
ReturnHeader/Filer/PhoneNum07636351081
ReturnHeader/Filer/USAddress/AddressLine1Txt0415 JACKSON AVENUE
ReturnHeader/Filer/USAddress/CityNm0ELK RIVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055330
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EB5B0B88F5DF23A80CA306F7B03D11E28B72914C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EB5B0B88F5DF23A80CA306F7B03D11E28B72914C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02017-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:27:11
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/PreparerPersonNm0KAREN GRIES
ReturnHeader/ReturnTs02017-11-15T10:35:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$0.00$3.93$0.48$0.07$0.41
2023Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$0.42$0.66$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.00$3.29$0.38$0.91$0.53
2021Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.39$0.35$0.36$0.00
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$0.35$0.28$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.87$0.11$3.76$0.33$0.46$0.13
2018Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.40$0.33$0.40$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.32$0.06$0.25
2016Detailed filing. Detailed filing data is available for this year.$3.25$0.15$3.10$0.31$0.21$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.31$0.48$0.18
2014Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$0.33$0.05$0.29
2013Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$0.35$0.17$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.00$2.46$0.20