Civic Intelligence

Shible Mutual Fire Insurance

990 • Fiscal year 2017 • EIN 41-0537165

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 20, 2018

Organization ProfileNone
36 North Miles StreetAppleton, MN 56208-0092

(320) 289-2388

Siviq Scores

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

Liabilities / Assets

66th percentile

0.17x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.49x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

43rd percentile

$1,100

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • $1M-$5M nonprofits • Source year 2017

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-1.9%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,222,977

Up $123,349 (+11%) from 2016

Net Assets

Up

$1,016,723

Up $67,313 (+7.1%) from 2016

Liabilities

Up

$206,254

Up $56,036 (+37%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin71st percentile

Revenue

Down

$423,116

Down $8,360 (-1.9%) from 2016

Expenses

Up

$355,973

Up $37,739 (+12%) from 2016

Net Income

Down

$67,143

Down $46,099 (-41%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$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

Highlighted filing

2017

Assets$1,222,977
Liabilities$206,254
Net Assets$1,016,723
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

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

Highlighted filing

2017

Revenue$423,116
Expenses$355,973
Net Income$67,143
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 20, 2018
Return Version
2017v2.2
Gross Receipts
$423,116
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 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$949,410$1,016,723▲ $67,313
Investments in Publicly Traded Securities$651,500$651,500→ $0
Savings and Temporary Cash Investments$292,023$399,961▲ $107,938
Cash and Non-Interest-Bearing Accounts$114,921$124,916▲ $9,995
Land, Buildings, and Equipment, Net$31,138$31,142▲ $4
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,099,628$1,222,977▲ $123,349
Other Assets Total$10,046$15,458▲ $5,412
Liabilities
Other Liabilities$148,079$203,616▲ $55,537
Accounts Payable and Accrued Expenses$2,139$2,638▲ $499
Total Liabilities$150,218$206,254▲ $56,036
Net Assets / Fund Balance
Total Net Assets Fund Balance$949,410$1,016,723▲ $67,313
Total Liabilities and Net Assets / Fund Balance$1,099,628$1,222,977▲ $123,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,142$8,870$40,012
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleBaseTotal
Richard EhrenbergSecretary$1,100$1,100
Dan SmithPresident$1,000$1,000
Galen GerdesDirector$600$600
Roger RheingansVice-President$600$600
Jeff KackDirector$500$500

Board Members and Trustees

NameTitle
Mitchell GerdesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$413,163
Investment Income
$9,953
Other Revenue
$0
Change in Net Assets
$67,143

Audited Revenue Reconciliation

Revenue per Audited Statements
$423,116
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$423,116
Total Revenue per Form 990
$423,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,596
Salaries, Compensation, and Employee Benefits$56,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$110,354
Other Salaries and Wages---$50,690
All Other Expenses---$11,239
Occupancy---$7,093
Insurance---$5,447
Fees for Services Accounting---$5,150
Other Expenses---$5,124
Current Officers, Directors, Trustees, and Key Employees---$3,800
Office Expenses---$3,499
Advertising---$3,352
Payroll Taxes---$1,533
Conferences and Meetings---$1,327
Travel---$536
Fees for Service Investment Mgmnt Fees---$150
Depreciation Depletion---$150
Total Functional Expenses$0$0$0$355,973

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$355,973
Total Expenses per Audited Statements$355,973
Total Expenses per Form 990$355,973
Expenses Not Reported on Financial Statements$0
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
Reserve for Unearned Premium$143,822
Reserve for Losses Payable$53,294
Re-insurance Premium Payable$6,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“The Company manager/director is the son of one of the directors.”

Form 990, Part VI, Section A, line 6

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

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

“The policyholders/owners elect the board members and officers.”

Form 990, Part VI, Section B, 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, Part VI, Section B, line 15

“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, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Shible Mutual Fire Insurance Company
EIN
41-0537165
Phone
3202892388
Address
36 North Miles Street, Appleton, MN 56208-0092

Signing Officer

Name
Dan Smith
Title
President
Phone
3202892388
Signed
2018-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Smith
Formed
1896
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Abdo Eick & Meyers LLP
Address
100 Warren St Ste 600, Mankato, MN 56001
Preparer
Thomas J Olinger CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in non-admitted assets 170.”

Form 990, Part XII, Line 1:

“The State of Minnesota Department of Commerce requires Statutory.”

Form 990, Part XII, Line 2C:

“The entire board acts as the audit committee.”

Financial Statement Notes

Part X, Line 2:

“As of December 31, 2017, the Company has not identified any material loss contingencies arising from uncertain tax positions.”

Raw XML Appendix346 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/Form990PartVIISectionAGrp/PersonNm0Dan Smith
IRS990/Form990PartVIISectionAGrp/PersonNm1Roger Rheingans
IRS990/Form990PartVIISectionAGrp/PersonNm2Richard Ehrenberg
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Company manager/director is the son of one of the directors.
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/ExplanationTxt4Compensation 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/ExplanationTxt5Financial and governing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in non-admitted assets 170.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The State of Minnesota Department of Commerce requires Statutory.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The entire board acts as the audit committee.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01099628
IRS990/TotalAssetsEOYAmt01222977
IRS990/TotalAssetsGrp/BOYAmt01099628
IRS990/TotalAssetsGrp/EOYAmt01222977
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0355973
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0150218
IRS990/TotalLiabilitiesEOYAmt0206254
IRS990/TotalLiabilitiesGrp/BOYAmt0150218
IRS990/TotalLiabilitiesGrp/EOYAmt0206254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0949410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01016723
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0413163
IRS990/TotalReportableCompFromOrgAmt03800
IRS990/TotalRevenueGrp/ExclusionAmt09953
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0413163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0423116
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01099628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01222977
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0536
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt036 North Miles Street PO box 92
IRS990/USAddress/CityNm0Appleton
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0562080092
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0None
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Dan Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03202892388
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Shible Mutual Fire Insurance Company
ReturnHeader/Filer/BusinessNameControlTxt0SHIB
ReturnHeader/Filer/EIN0410537165
ReturnHeader/Filer/PhoneNum03202892388
ReturnHeader/Filer/USAddress/AddressLine1Txt036 North Miles Street
ReturnHeader/Filer/USAddress/CityNm0Appleton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0562080092
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0865387D8BE1738C9AD58E6C609C60270D574E6D0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04E64D82136E9498A9A5F9CBEB12B871956AD27EE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-04-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:42:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Warren St Ste 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mankato
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056001
ReturnHeader/PreparerPersonGrp/PhoneNum05076252727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas J Olinger CPA
ReturnHeader/ReturnTs02018-04-26T10:26:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,222,977
Liabilities
$206,254
Net assets
$1,016,723
Revenue
$423,116
Expenses
$355,973
Net income
$67,143
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
2017Detailed filing. Detailed filing data is available for this year.$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