Civic Intelligence

Vernon Edda Mutual Fire Insurance

990 • Fiscal year 2019 • EIN 41-0592872

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 25, 2020

Organization ProfileNone
co Kirk LinboHayfield, MN 55941

(507) 365-8824

Siviq Scores

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

Liabilities / Assets

58th percentile

0.06x

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

2019 filings • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.45x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$980

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • $1M-$5M nonprofits • Source year 2019

Asset Growth

46th percentile

1.3%

Faster asset growth than 46% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-1.1%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,927,833

Up $24,730 (+1.3%) from 2018

Net Assets

Up

$1,805,027

Up $86,158 (+5.0%) from 2018

Liabilities

Down

$122,806

Down $61,428 (-33%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin82nd percentile

Revenue

Down

$274,698

Down $3,093 (-1.1%) from 2018

Expenses

Down

$188,708

Down $17,634 (-8.5%) from 2018

Net Income

Up

$85,990

Up $14,541 (+20%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,215,794Liabilities 2011: $71,240Net Assets 2011: $1,144,5542011Assets 2012: $1,268,163Liabilities 2012: $80,927Net Assets 2012: $1,187,2362012Assets 2013: $1,386,160Liabilities 2013: $111,067Net Assets 2013: $1,275,0932013Assets 2014: $1,536,249Liabilities 2014: $134,011Net Assets 2014: $1,402,2382014Assets 2015: $1,639,152Liabilities 2015: $123,270Net Assets 2015: $1,515,8822015Assets 2016: $1,692,909Liabilities 2016: $108,578Net Assets 2016: $1,584,3312016Assets 2017: $1,772,716Liabilities 2017: $125,635Net Assets 2017: $1,647,0812017Assets 2018: $1,903,103Liabilities 2018: $184,234Net Assets 2018: $1,718,8692018Assets 2019: $1,927,833Liabilities 2019: $122,806Net Assets 2019: $1,805,0272019Assets 2020: $2,048,761Liabilities 2020: $171,920Net Assets 2020: $1,876,8412020Assets 2021: $2,223,949Liabilities 2021: $212,108Net Assets 2021: $2,011,8412021Assets 2022: $2,233,249Liabilities 2022: $193,366Net Assets 2022: $2,039,8832022Assets 2023: $2,408,265Liabilities 2023: $211,259Net Assets 2023: $2,197,0062023Assets 2024: $2,510,712Liabilities 2024: $214,323Net Assets 2024: $2,296,3892024

Highlighted filing

2019

Assets$1,927,833
Liabilities$122,806
Net Assets$1,805,027
Open 2019 Filing

Operations Trend

Revenue Growth39th percentile

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

$400K$300K$200K$100K$0Revenue 2011: $195,263Expenses 2011: $103,834Net Income 2011: $91,4292011Revenue 2012: $188,991Expenses 2012: $139,149Net Income 2012: $49,8422012Revenue 2013: $245,351Expenses 2013: $159,942Net Income 2013: $85,4092013Revenue 2014: $278,515Expenses 2014: $152,826Net Income 2014: $125,6892014Revenue 2015: $255,468Expenses 2015: $144,623Net Income 2015: $110,8452015Revenue 2016: $258,942Expenses 2016: $190,830Net Income 2016: $68,1122016Revenue 2017: $269,669Expenses 2017: $209,832Net Income 2017: $59,8372017Revenue 2018: $277,791Expenses 2018: $206,342Net Income 2018: $71,4492018Revenue 2019: $274,698Expenses 2019: $188,708Net Income 2019: $85,9902019Revenue 2020: $288,589Expenses 2020: $216,775Net Income 2020: $71,8142020Revenue 2021: $330,448Expenses 2021: $195,448Net Income 2021: $135,0002021Revenue 2022: $331,418Expenses 2022: $303,376Net Income 2022: $28,0422022Revenue 2023: $347,678Expenses 2023: $190,555Net Income 2023: $157,1232023Revenue 2024: $325,211Expenses 2024: $225,828Net Income 2024: $99,3832024

Highlighted filing

2019

Revenue$274,698
Expenses$188,708
Net Income$85,990
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 25, 2020
Return Version
2019v5.1
Gross Receipts
$274,698
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,718,869$1,805,027▲ $86,158
Investments in Publicly Traded Securities$1,354,224$1,052,118▼ $302,106
Savings and Temporary Cash Investments$446,589$805,740▲ $359,151
Cash and Non-Interest-Bearing Accounts$80,119$51,051▼ $29,068
Accounts Receivable-$18,924-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,903,103$1,927,833▲ $24,730
Other Assets Total$22,171$0▼ $22,171
Liabilities
Other Liabilities$159,124$0▼ $159,124
Deferred Revenue-$98,310-
Accounts Payable and Accrued Expenses$25,110$24,496▼ $614
Total Liabilities$184,234$122,806▼ $61,428
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,718,869$1,805,027▲ $86,158
Total Liabilities and Net Assets / Fund Balance$1,903,103$1,927,833▲ $24,730
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleBaseTotal
Russell SkovPresident$980$980
Danny Linbo DeceasedDirector$910$910
Jodie TveldtSecretary$840$840
Jerome NelsonDirector$770$770
Robert SenjemTreasurer$700$700
Galen BungumDirector$630$630
Duane KlockeVice-President$510$510
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$218,403
Investment Income
$56,295
Other Revenue
$0
Change in Net Assets
$85,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$274,698
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$274,698
Total Revenue per Form 990
$274,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,560
Salaries, Compensation, and Employee Benefits$55,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$64,711
Other Salaries and Wages---$42,417
Occupancy---$18,677
Insurance---$9,180
Fees for Services Accounting---$8,550
Current Officers, Directors, Trustees, and Key Employees---$5,340
Payroll Taxes---$5,228
Travel---$4,579
Conferences and Meetings---$3,478
Fees for Services Other---$3,000
Other Employee Benefits---$2,452
Office Expenses---$2,250
Other Expenses---$929
Advertising---$500
Depreciation Depletion---$170
Fees for Service Investment Mgmnt Fees---$12
Total Functional Expenses$0$0$0$188,708

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$188,708
Total Expenses per Audited Statements$188,708
Total Expenses per Form 990$188,708
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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, 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

“No review was conducted.”

Form 990, Part VI, Section B, line 12C

“The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization.”

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

“The organization makes its public documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Vernon Edda Mutual
EIN
41-0592872
Phone
5073658824
Address
co Kirk Linbo, Hayfield, MN 55941

Signing Officer

Name
Russell Skov
Title
President
Phone
5075834234
Signed
2020-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Skov
Formed
1874
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
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 168.”

Form 990 Part XII Line 1

“As a regulated entitiy, the organization is required to report using statutory accounting rules as codified in Minnesota Statute 67A and as promulgated by the Department of Commerce of the State of Minnesota. The most significant item of this statutory basis of accounting is the exclusion of "non-admitted" assets (as directed above) from the reported assets.”

Form 990 Part XII Line 2B

“The entire board serves as the audit committee.”

Financial Statement Notes

Part X, Line 2:

“As of December 31, 2019, the Company has not identified any material loss contingencies arising from uncertain tax positions.”

Raw XML Appendix351 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt025110
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024496
IRS990/AccountsReceivableGrp/EOYAmt018924
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Company provides fire and additional lines insurance coverages to policyholders/members and pays claims on covered policyholder losses.
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt064711
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum05073658824
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0c/o Kirk Linbo
IRS990/BooksInCareOfDetail/USAddress/CityNm0Hayfield
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055941
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt080119
IRS990/CashNonInterestBearingGrp/EOYAmt051051
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt05340
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt03478
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt064711
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt056295
IRS990/CYOtherExpensesAmt068560
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0218403
IRS990/CYRevenuesLessExpensesAmt085990
IRS990/CYSalariesCompEmpBnftPaidAmt055437
IRS990/CYTotalExpensesAmt0188708
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0274698
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt098310
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0170
IRS990/Desc0We provide property insurance for our members per section 501(c)(15)Number of Members: 307Insurance in Force: 192,047,114
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0188708
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08550
IRS990/FeesForServicesOtherGrp/TotalAmt03000
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt012
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Russell Skov
IRS990/Form990PartVIISectionAGrp/PersonNm1Duane Klocke
IRS990/Form990PartVIISectionAGrp/PersonNm2Jodie Tveldt
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Senjem
IRS990/Form990PartVIISectionAGrp/PersonNm4Jerome Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm5Galen Bungum
IRS990/Form990PartVIISectionAGrp/PersonNm6Danny Linbo Deceased
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0980
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1510
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2840
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4770
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5630
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6910
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01874
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0274698
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt09180
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt056295
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt056295
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01354224
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01052118
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Company provides fire and additional lines insurance coverages to policyholders/members and pays claims on covered policyholder losses.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01718869
IRS990/NetAssetsOrFundBalancesEOYAmt01805027
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt018677
IRS990/OfficeExpensesGrp/TotalAmt02250
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022171
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02452
IRS990/OtherExpensesGrp/Desc0Commissions
IRS990/OtherExpensesGrp/Desc1Adjusting
IRS990/OtherExpensesGrp/Desc2Dues and Fees
IRS990/OtherExpensesGrp/TotalAmt011522
IRS990/OtherExpensesGrp/TotalAmt15713
IRS990/OtherExpensesGrp/TotalAmt2929
IRS990/OtherLiabilitiesGrp/BOYAmt0159124
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt042417
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt05228
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Russell Skov
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0524126
IRS990/ProgramServiceRevenueGrp/Desc0Prog.serv.revenue-Rela
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0218403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0218403
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt074073
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051221
IRS990/PYOtherExpensesAmt079490
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0226570
IRS990/PYRevenuesLessExpensesAmt071449
IRS990/PYSalariesCompEmpBnftPaidAmt052779
IRS990/PYTotalExpensesAmt0206342
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0277791
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt085990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0274698
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01718869
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01805027
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0446589
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0805740
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0188708
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0274698
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of December 31, 2019, the Company has not identified any material loss contingencies arising from uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0188708
IRS990ScheduleD/TotalRevenuePerForm990Amt0274698
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0274698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0188708
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Company has policyholders who are also the owners of the Company. It is a mutual company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policyholders/owners elect the board members and officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No review was conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization.
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/ExplanationTxt5The organization makes its public documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in non-admitted assets 168.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7As a regulated entitiy, the organization is required to report using statutory accounting rules as codified in Minnesota Statute 67A and as promulgated by the Department of Commerce of the State of Minnesota. The most significant item of this statutory basis of accounting is the exclusion of "non-admitted" assets (as directed above) from the reported assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The entire board serves as the audit committee.
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 B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
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 2b
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01903103
IRS990/TotalAssetsEOYAmt01927833
IRS990/TotalAssetsGrp/BOYAmt01903103
IRS990/TotalAssetsGrp/EOYAmt01927833
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0188708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0184234
IRS990/TotalLiabilitiesEOYAmt0122806
IRS990/TotalLiabilitiesGrp/BOYAmt0184234
IRS990/TotalLiabilitiesGrp/EOYAmt0122806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01718869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01805027
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0188708
IRS990/TotalProgramServiceRevenueAmt0218403
IRS990/TotalReportableCompFromOrgAmt05340
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0274698
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0274698
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01903103
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01927833
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04579
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt071769 50th Avenue
IRS990/USAddress/CityNm0Hayfield
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055940
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0None
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Russell Skov
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05075834234
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vernon Edda Mutual
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Fire Insurance Company
ReturnHeader/Filer/BusinessNameControlTxt0VERN
ReturnHeader/Filer/EIN0410592872
ReturnHeader/Filer/PhoneNum05073658824
ReturnHeader/Filer/USAddress/AddressLine1Txt0co Kirk Linbo
ReturnHeader/Filer/USAddress/CityNm0Hayfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055941
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04FB58F4F0E7DC443863785E05CA6ABCE4D8CB9E9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00702225D099C53736F35234FFB20DB4083AF378E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-04-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:39:18
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/PreparationDt02020-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas J Olinger CPA
ReturnHeader/ReturnTs02020-04-28T14:34:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,927,833
Liabilities
$122,806
Net assets
$1,805,027
Revenue
$274,698
Expenses
$188,708
Net income
$85,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.21$2.30$0.33$0.23$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.21$2.20$0.35$0.19$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.19$2.04$0.33$0.30$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.21$2.01$0.33$0.20$0.14
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.17$1.88$0.29$0.22$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.93$0.12$1.81$0.27$0.19$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.18$1.72$0.28$0.21$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.13$1.65$0.27$0.21$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.11$1.58$0.26$0.19$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.12$1.52$0.26$0.14$0.11
2014Summary only. Only limited summary data is available for this year.$1.54$0.13$1.40$0.28$0.15$0.13
2013Summary only. Only limited summary data is available for this year.$1.39$0.11$1.28$0.25$0.16$0.09
2012Summary only. Only limited summary data is available for this year.$1.27$0.08$1.19$0.19$0.14$0.05
2011Summary only. Only limited summary data is available for this year.$1.22$0.07$1.14$0.20$0.10$0.09