Civic Intelligence

Wisconsin Association of Mutual Insurance Companies Inc

990 • Fiscal year 2017 • EIN 39-1140747

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 07, 2018

7203 Gene Street Ste ADE Forest, WI 53532

(608) 846-7203

Siviq Scores

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

Liabilities / Assets

58th percentile

0.13x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.03x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

65th percentile

8.2%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$81,352

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

95th percentile

59%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

7.4%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$132,576

Up $49,368 (+59%) from 2016

Net Assets

Up

$115,707

Up $46,101 (+66%) from 2016

Liabilities

Up

$16,869

Up $3,267 (+24%) from 2016

Revenue

Up

$564,484

Up $38,889 (+7.4%) from 2016

Expenses

Up

$518,383

Up $36,926 (+7.7%) from 2016

Net Income

Up

$46,101

Up $1,963 (+4.4%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $312,723Liabilities 2011: $262,626Net Assets 2011: $50,0972011Assets 2012: $150,881Liabilities 2012: $81,465Net Assets 2012: $69,4162012Assets 2013: $150,505Liabilities 2013: $87,149Net Assets 2013: $63,3562013Assets 2014: $176,883Liabilities 2014: $95,004Net Assets 2014: $81,8792014Assets 2015: $152,798Liabilities 2015: $127,330Net Assets 2015: $25,4682015Assets 2016: $83,208Liabilities 2016: $13,602Net Assets 2016: $69,6062016Assets 2017: $132,576Liabilities 2017: $16,869Net Assets 2017: $115,7072017Assets 2018: $168,151Liabilities 2018: $42,732Net Assets 2018: $125,4192018Assets 2019: $311,145Liabilities 2019: $155,383Net Assets 2019: $155,7622019Assets 2020: $371,064Liabilities 2020: $249,150Net Assets 2020: $121,9142020Assets 2021: $428,267Liabilities 2021: $264,765Net Assets 2021: $163,5022021Assets 2022: $455,411Liabilities 2022: $289,503Net Assets 2022: $165,9082022Assets 2023: $362,480Liabilities 2023: $153,645Net Assets 2023: $208,8352023Assets 2024: $535,894Liabilities 2024: $170,782Net Assets 2024: $365,1122024

Highlighted filing

2017

Assets$132,576
Liabilities$16,869
Net Assets$115,707

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $501,7162011Expenses 2012: $431,4622012Revenue 2013: $451,358Expenses 2013: $457,418Net Income 2013: -$6,0602013Revenue 2014: $449,726Expenses 2014: $431,203Net Income 2014: $18,5232014Revenue 2015: $444,337Expenses 2015: $500,748Net Income 2015: -$56,4112015Revenue 2016: $525,595Expenses 2016: $481,457Net Income 2016: $44,1382016Revenue 2017: $564,484Expenses 2017: $518,383Net Income 2017: $46,1012017Revenue 2018: $554,482Expenses 2018: $544,770Net Income 2018: $9,7122018Revenue 2019: $590,131Expenses 2019: $559,788Net Income 2019: $30,3432019Revenue 2020: $449,896Expenses 2020: $416,757Net Income 2020: $33,1392020Revenue 2021: $582,481Expenses 2021: $540,893Net Income 2021: $41,5882021Revenue 2022: $632,080Expenses 2022: $618,753Net Income 2022: $13,3272022Revenue 2023: $681,556Expenses 2023: $674,843Net Income 2023: $6,7132023Revenue 2024: $788,706Expenses 2024: $640,009Net Income 2024: $148,6972024

Highlighted filing

2017

Revenue$564,484
Expenses$518,383
Net Income$46,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 7, 2018
Return Version
2017v2.3
Gross Receipts
$566,804
Mission and Program Overview

Mission

The association provides information via publications, workshops, and meetings to benefit the member mutual insurance companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,977$86,566▲ $39,589
Savings and Temporary Cash Investments$28,958$29,347▲ $389
Prepaid Expenses and Deferred Charges$4,227$7,784▲ $3,557
Accounts Receivable$170$4,768▲ $4,598
Inventories for Sale or Use$2,575$3,059▲ $484
Land, Buildings, and Equipment, Net-$746-
Total Assets$83,208$132,576▲ $49,368
Other Assets Total$301$306▲ $5
Liabilities
Other Liabilities$11,007$9,445▼ $1,562
Accounts Payable and Accrued Expenses$2,595$7,424▲ $4,829
Total Liabilities$13,602$16,869▲ $3,267
Net Assets / Fund Balance
Unrestricted Net Assets$69,606$115,707▲ $46,101
Total Net Assets Fund Balance$69,606$115,707▲ $46,101
Total Liabilities and Net Assets / Fund Balance$83,208$132,576▲ $49,368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$746$20,109$20,855
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patrick LawsPresidentFT$81,352$81,352
Gary KrumenauerPast Chairma-$1,500$1,500
April TarrasPast Secreta-$500$500

Board Members and Trustees

NameTitle
Penny BoyleChairman
Darren ReohPast Chairma
Lois WiedenhoeftVice Chairma
Charles SchriberDirector
Denis FuerstenbergDirector
Mike SoldamDirector
Paul RosenowDirector
Scott KrumSecretary Tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$151,741
Investment Income
$514
Other Revenue
$412,229
Change in Net Assets
$46,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$564,484
Total Revenue per Audited Statements
$564,484
Total Revenue per Form 990
$564,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$357,922
Salaries, Compensation, and Employee Benefits$160,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,352--$83,352
Other Salaries and Wages$33,906--$33,906
Other Employee Benefits$30,196--$30,196
Fees for Services Lobbying$21,977--$21,977
Conferences and Meetings$14,781--$14,781
All Other Expenses$13,863--$13,863
Occupancy$10,800--$10,800
Office Expenses$10,044--$10,044
Other Expenses$9,618--$9,618
Payroll Taxes$9,181--$9,181
Fees for Services Accounting$8,150--$8,150
Travel$7,349--$7,349
Information Technology$6,020--$6,020
Insurance$5,479--$5,479
Pension Plan Contributions$3,826--$3,826
Depreciation Depletion$98--$98
Fees for Services Other$79--$79
Total Functional Expenses$518,383$0$0$518,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$518,383
Total Expenses per Audited Statements$518,383
Total Expenses per Form 990$518,383
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$24,612
Total Nondeductible Lobbying and Political Cost$24,612
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Benefits$9,445
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

Members elect the board of directors at the annual meeting.

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

Members are informed of the association's activities at periodic district meetings and at the annual meeting.

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

Members approve the actions of the board of directors at the annual meetin g.

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

The forms 990 and 990t are reviewed by the president before it is signed.

Form 990, Page 6, Part VI, Line 12C

No conflicts of interest have been discovered.

Form 990, Page 6, Part VI, Line 15A

Compensation of the president is determined by the board of directors without the president's direct involvement.

Form 990, Page 6, Part VI, Line 15B

Compensation of the officers of the organization is determined by the board of directors. Compensation of the employees, excluding the president, is determined by the president.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are made available to members and other interested parties upon request.

Filing and Contact Details

Filer

Filer Name
Wisconsin Association
EIN
39-1140747
Phone
6088467203
Address
7203 GENE STREET STE A, DE FOREST, WI 53532

Signing Officer

Name
Patrick Laws
Title
President
Phone
6088467203
Signed
2018-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Laws
Formed
1949
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Erickson & Associates Sc
Address
1000 WEST COLLEGE AVE, APPLETON, WI 54914
Preparer
Randall F Koch
Phone
9207334957
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IRS990/PYSalariesCompEmpBnftPaidAmt0156862
IRS990/PYTotalExpensesAmt0481457
IRS990/PYTotalRevenueAmt0525595
IRS990/ReconcilationRevenueExpnssAmt046101
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IRS990/RelatedEntityInd0false
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IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/TotalLiabilityAmt09445
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE INFORMED OF THE ASSOCIATION'S ACTIVITIES AT PERIODIC DISTRICT MEETINGS AND AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE THE ACTIONS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETIN G.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORMS 990 AND 990T ARE REVIEWED BY THE PRESIDENT BEFORE IT IS SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CONFLICTS OF INTEREST HAVE BEEN DISCOVERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS WITHOUT THE PRESIDENT'S DIRECT INVOLVEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF THE OFFICERS OF THE ORGANIZATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION OF THE EMPLOYEES, EXCLUDING THE PRESIDENT, IS DETERMINED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS AND OTHER INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0518383
IRS990/TotalGrossUBIAmt0153749
IRS990/TotalLiabilitiesBOYAmt013602
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IRS990/TotalLiabilitiesGrp/BOYAmt013602
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069606
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0115707
IRS990/TotalProgramServiceExpensesAmt0518383
IRS990/TotalProgramServiceRevenueAmt0151741
IRS990/TotalReportableCompFromOrgAmt083352
IRS990/TotalRevenueGrp/ExclusionAmt0514
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0410221
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0564484
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0153749
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132576
IRS990/TravelGrp/ProgramServicesAmt07349
IRS990/TravelGrp/TotalAmt07349
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt069606
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0115707
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MANITOWOC
IRS990/USAddress/StateAbbreviationCd0WI
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IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.WAMIC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK LAWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06088467203
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WISCONSIN ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF MUTUAL INSURANCE COMPANIES INC
ReturnHeader/Filer/BusinessNameControlTxt0WISC
ReturnHeader/Filer/EIN0391140747
ReturnHeader/Filer/PhoneNum06088467203
ReturnHeader/Filer/USAddress/AddressLine1Txt07203 GENE STREET STE A
ReturnHeader/Filer/USAddress/CityNm0DE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B64583BAFCFAFCC47D4BBFEFC39E774439F2650D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B64583BAFCFAFCC47D4BBFEFC39E774439F2650D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.103.186.102
ReturnHeader/FilingSecurityInformation/IPDt02018-10-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:44:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391520996
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERICKSON & ASSOCIATES SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 WEST COLLEGE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0APPLETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054914
ReturnHeader/PreparerPersonGrp/PhoneNum09207334957
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-07

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.36$1.71$3.65$7.89$6.40$1.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$1.54$2.09$6.82$6.75$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$2.90$1.66$6.32$6.19$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$2.65$1.64$5.82$5.41$0.42
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.71$2.49$1.22$4.50$4.17$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$1.55$1.56$5.90$5.60$0.30
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.43$1.25$5.54$5.45$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.17$1.16$5.64$5.18$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.14$0.70$5.26$4.81$0.44
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$1.27$0.25$4.44$5.01$0.56
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.95$0.82$4.50$4.31$0.19
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.87$0.63$4.51$4.57$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.81$0.69$4.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$2.63$0.50$5.02