Civic Intelligence

Shible Mutual Fire Insurance

EIN 41-0537165 • 501(c)15 • Appleton, MN

Profile

The Company provides fire and additional lines insurance coverages to policyholders/members and pays claims on covered policyholder losses

36 N Miles StAppleton, MN 56208-0092

none

Siviq Scores

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

Liabilities / Assets

69th percentile

0.14x

Higher debt load relative to assets than 69% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.51x

Higher debt load relative to revenue than 84% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$76,012

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

$1M-$5M nonprofits • Source year 2024

Asset Growth

59th percentile

5.5%

Faster asset growth than 59% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-4.5%

Faster revenue growth than 28% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Up

$1,504,026

Up $115,543 (+8.3%) from 2022

Liabilities

Down

$218,068

Down $64,353 (-23%) from 2022

Net Assets

Up

$1,285,958

Up $179,896 (+16%) from 2022

Revenue

Up

$447,747

Up $18,544 (+4.3%) from 2022

Expenses

Down

$267,980

Down $173,354 (-39%) from 2022

Net Income

Up

$179,767

Up $191,898 (+1582%) from 2022

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $655,332Liabilities 2011: $135,982Net Assets 2011: $519,3502011Assets 2012: $772,184Liabilities 2012: $143,042Net Assets 2012: $629,1422012Assets 2013: $832,320Liabilities 2013: $160,208Net Assets 2013: $672,1122013Assets 2014: $923,583Liabilities 2014: $144,607Net Assets 2014: $778,9762014Assets 2015: $1,046,893Liabilities 2015: $210,554Net Assets 2015: $836,3392015Assets 2016: $1,099,628Liabilities 2016: $150,218Net Assets 2016: $949,4102016Assets 2017: $1,222,977Liabilities 2017: $206,254Net Assets 2017: $1,016,7232017Assets 2018: $1,201,746Liabilities 2018: $206,590Net Assets 2018: $995,1562018Assets 2019: $1,179,156Liabilities 2019: $167,024Net Assets 2019: $1,012,1322019Assets 2020: $1,292,955Liabilities 2020: $270,122Net Assets 2020: $1,022,8332020Assets 2021: $1,303,677Liabilities 2021: $185,355Net Assets 2021: $1,118,3222021Assets 2022: $1,388,483Liabilities 2022: $282,421Net Assets 2022: $1,106,0622022Assets 2023: $1,504,026Liabilities 2023: $218,068Net Assets 2023: $1,285,9582023

Latest loaded filing

2023

Assets$1,504,026
Liabilities$218,068
Net Assets$1,285,958

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $372,025Expenses 2011: $387,695Net Income 2011: -$15,6702011Revenue 2012: $389,799Expenses 2012: $280,663Net Income 2012: $109,1362012Revenue 2013: $394,358Expenses 2013: $351,834Net Income 2013: $42,5242013Revenue 2014: $419,423Expenses 2014: $312,661Net Income 2014: $106,7622014Revenue 2015: $426,424Expenses 2015: $368,745Net Income 2015: $57,6792015Revenue 2016: $431,476Expenses 2016: $318,234Net Income 2016: $113,2422016Revenue 2017: $423,116Expenses 2017: $355,973Net Income 2017: $67,1432017Revenue 2018: $436,316Expenses 2018: $458,177Net Income 2018: -$21,8612018Revenue 2019: $366,233Expenses 2019: $349,355Net Income 2019: $16,8782019Revenue 2020: $371,038Expenses 2020: $360,060Net Income 2020: $10,9782020Revenue 2021: $368,232Expenses 2021: $273,337Net Income 2021: $94,8952021Revenue 2022: $429,203Expenses 2022: $441,334Net Income 2022: -$12,1312022Revenue 2023: $447,747Expenses 2023: $267,980Net Income 2023: $179,7672023

Latest loaded filing

2023

Revenue$447,747
Expenses$267,980
Net Income$179,767

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.22$1.29$0.45$0.27$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.28$1.11$0.43$0.44$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.19$1.12$0.37$0.27$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.27$1.02$0.37$0.36$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.17$1.01$0.37$0.35$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.21$1.00$0.44$0.46$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.21$1.02$0.42$0.36$0.07
2016Summary only. Only limited summary data is available for this year.$1.10$0.15$0.95$0.43$0.32$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.21$0.84$0.43$0.37$0.06
2014Summary only. Only limited summary data is available for this year.$0.92$0.14$0.78$0.42$0.31$0.11
2013Summary only. Only limited summary data is available for this year.$0.83$0.16$0.67$0.39$0.35$0.04
2012Summary only. Only limited summary data is available for this year.$0.77$0.14$0.63$0.39$0.28$0.11
2011Summary only. Only limited summary data is available for this year.$0.66$0.14$0.52$0.37$0.39$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 19, 2023
Return Version
2022v5.0
Gross Receipts
$429,203
Mission and Program Overview

Mission

The Company provides fire and additional lines insurance coverages to policyholders/members and pays claims on covered policyholder losses.

The organization writes fire and additional lines of insurance coverages and pays claims on covered policyholder losses per irc section 501c(15).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,118,322$1,106,062▼ $12,260
Investments in Publicly Traded Securities$314,043$611,064▲ $297,021
Savings and Temporary Cash Investments$806,142$570,837▼ $235,305
Cash and Non-Interest-Bearing Accounts$148,537$157,982▲ $9,445
Land, Buildings, and Equipment, Net$29,278$36,224▲ $6,946
Pledges and Grants Receivable$5,677$12,376▲ $6,699
Total Assets$1,303,677$1,388,483▲ $84,806
Liabilities
Deferred Revenue$163,403$148,400▼ $15,003
Accounts Payable and Accrued Expenses$21,952$134,021▲ $112,069
Total Liabilities$185,355$282,421▲ $97,066
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,118,322$1,106,062▼ $12,260
Total Liabilities and Net Assets / Fund Balance$1,303,677$1,388,483▲ $84,806

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,224$14,294$47,518
Equipment-$21,469$21,469
Land$3,000-$3,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mitchell GerdesManager/treaFT$35,790$35,790
Richard EhrenbergSecretary-$1,400$1,400
Dan SmithPresident-$1,250$1,250
Galen GerdesDirector-$900$900
Jeff KackDirector-$900$900
Roger RheingansVice-preside-$900$900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$412,728
Investment Income
$16,475
Other Revenue
$0
Change in Net Assets
$-12,131

Audited Revenue Reconciliation

Revenue per Audited Statements
$429,203
Total Revenue per Audited Statements
$429,203
Total Revenue per Form 990
$429,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,615
Salaries, Compensation, and Employee Benefits$68,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$237,933
Current Officers, Directors, Trustees, and Key Employees---$41,140
Other Salaries and Wages---$25,080
Office Expenses---$8,119
Fees for Services Accounting---$8,025
Occupancy---$7,493
Insurance---$5,992
Advertising---$3,646
Payroll Taxes---$2,566
Depreciation Depletion---$1,240
Conferences and Meetings---$939
Travel---$608
Other Expenses---$515
Fees for Service Investment Mgmnt Fees---$175
Information Technology---$99
Total Functional Expenses$0$0$0$441,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$441,334
Total Expenses per Audited Statements$441,334
Total Expenses per Form 990$441,334
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
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Galen gerdes mitchell gerdes director manager father/son

Form 990, Page 6, Part VI, Line 6

The company has policyholders who are also the owners of the company. It is a mutual company.

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

The policyholders/owners elect the board members and officers.

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

The company hires a cpa firm to complete the form 990. When the firm is finished preparing the form, it is reviewed by company management and staff before filing. The form is then filed by company management.

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

The board determines management and staff salaries based on experience and qualifications.

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

Compensation is determined by the number of meetings attended by the board member. The board determines management and staff salaries based on experience and qualifications.

Form 990, Page 6, Part VI, Line 19

Financial and governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Shible Mutual Fire Insurance
EIN
41-0537165
Phone
3202892388
Address
36 N MILES ST, APPLETON, MN 56208-0092

Signing Officer

Name
Dan Smith
Title
President
Phone
3202892388
Signed
2023-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Smith
Formed
1986
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
1

Preparer

Firm
Dana F Cole & Company Llp
Address
590 SOUTH HIGHWAY 29 SUITE 1, MONTEVIDEO, MN 56265
Preparer
James B Knutson
Phone
3202692146
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in non-admitted assets -129

Raw XML Appendix326 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/FSAuditedInd0true
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IRS990/GrossReceiptsAmt0429203
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GALEN GERDES MITCHELL GERDES DIRECTOR MANAGER FATHER/SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY HAS POLICYHOLDERS WHO ARE ALSO THE OWNERS OF THE COMPANY. IT IS A MUTUAL COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICYHOLDERS/OWNERS ELECT THE BOARD MEMBERS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPANY HIRES A CPA FIRM TO COMPLETE THE FORM 990. WHEN THE FIRM IS FINISHED PREPARING THE FORM, IT IS REVIEWED BY COMPANY MANAGEMENT AND STAFF BEFORE FILING. THE FORM IS THEN FILED BY COMPANY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD DETERMINES MANAGEMENT AND STAFF SALARIES BASED ON EXPERIENCE AND QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY THE NUMBER OF MEETINGS ATTENDED BY THE BOARD MEMBER. THE BOARD DETERMINES MANAGEMENT AND STAFF SALARIES BASED ON EXPERIENCE AND QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN NON-ADMITTED ASSETS -129
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01303677
IRS990/TotalAssetsEOYAmt01388483
IRS990/TotalAssetsGrp/BOYAmt01303677
IRS990/TotalAssetsGrp/EOYAmt01388483
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0441334
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0185355
IRS990/TotalLiabilitiesEOYAmt0282421
IRS990/TotalLiabilitiesGrp/BOYAmt0185355
IRS990/TotalLiabilitiesGrp/EOYAmt0282421
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01118322
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01106062
IRS990/TotalProgramServiceRevenueAmt0412728
IRS990/TotalReportableCompFromOrgAmt041140
IRS990/TotalRevenueGrp/ExclusionAmt016475
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0412728
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0429203
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01303677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01388483
IRS990/TravelGrp/TotalAmt0608
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt036 NORTH MILES STREET
IRS990/USAddress/AddressLine2Txt0PO BOX 92
IRS990/USAddress/CityNm0APPLETON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056208
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03202892388
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHIBLE MUTUAL FIRE INSURANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0SHIB
ReturnHeader/Filer/EIN0410537165
ReturnHeader/Filer/PhoneNum03202892388
ReturnHeader/Filer/USAddress/AddressLine1Txt036 N MILES ST
ReturnHeader/Filer/USAddress/CityNm0APPLETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0562080092
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470526649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANA F COLE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0590 SOUTH HIGHWAY 29 SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTEVIDEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056265
ReturnHeader/PreparerPersonGrp/PhoneNum03202692146
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES B KNUTSON
ReturnHeader/ReturnTs02023-10-30T11:04:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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