Civic Intelligence

Vernon Edda Mutual Fire Ins Co

EIN 41-0592872 • 501(c)15 • Hayfield, MN

Profile

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

25167 720th StHayfield, MN 55940

none

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.66x

Higher debt load relative to revenue than 87% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

31%

Higher net margin than 78% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$2,647

Higher top officer pay than 48% of similar nonprofits.

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

$1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

4.3%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

26th percentile

-6.5%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$2,510,712

Up $102,447 (+4.3%) from 2023

Liabilities

Up

$214,323

Up $3,064 (+1.5%) from 2023

Net Assets

Up

$2,296,389

Up $99,383 (+4.5%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin78th percentile

Revenue

Down

$325,211

Down $22,467 (-6.5%) from 2023

Expenses

Up

$225,828

Up $35,273 (+19%) from 2023

Net Income

Down

$99,383

Down $57,740 (-37%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$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

2024

Assets$2,510,712
Liabilities$214,323
Net Assets$2,296,389
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$325,211
Expenses$225,828
Net Income$99,383
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,510,712
Liabilities
$214,323
Net assets
$2,296,389
Revenue
$325,211
Expenses
$225,828
Net income
$99,383
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 19, 2025
Return Version
2024v5.0
Gross Receipts
$480,932
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 company provides fire and additional lines of insurance coverages to policy holders/members and pays claims on covered policyholder losses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,197,006$2,296,389▲ $99,383
Investments in Publicly Traded Securities$1,902,797$2,044,410▲ $141,613
Savings and Temporary Cash Investments$318,535$333,104▲ $14,569
Cash and Non-Interest-Bearing Accounts$153,475$87,394▼ $66,081
Accounts Receivable$33,458$45,804▲ $12,346
Total Assets$2,408,265$2,510,712▲ $102,447
Liabilities
Deferred Revenue$153,584$163,918▲ $10,334
Accounts Payable and Accrued Expenses$57,675$50,405▼ $7,270
Total Liabilities$211,259$214,323▲ $3,064
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,197,006$2,296,389▲ $99,383
Total Liabilities and Net Assets / Fund Balance$2,408,265$2,510,712▲ $102,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$7,380$7,380
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleBaseTotal
Jodie TvedtSecretary$2,647$2,647
Duane KlockeVice Preside$2,359$2,359
Diane LinboDirector$2,242$2,242
Jerome NelsonDirector$2,153$2,153
Russell SkovPresident$1,827$1,827
Galen BungumDirector$1,753$1,753
Robert SenjemTreasurer$1,524$1,524
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$203,685
Investment Income
$121,526
Other Revenue
$0
Change in Net Assets
$99,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$325,211
Total Revenue per Audited Statements
$325,211
Total Revenue per Form 990
$325,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,416
Salaries, Compensation, and Employee Benefits$58,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$70,047
Other Salaries and Wages---$42,100
Fees for Services Other---$21,629
Fees for Services Accounting---$21,007
Current Officers, Directors, Trustees, and Key Employees---$13,335
Information Technology---$12,502
Conferences and Meetings---$10,315
Insurance---$5,837
Occupancy---$4,200
Travel---$3,901
Payroll Taxes---$2,930
Office Expenses---$2,575
Advertising---$1,200
Other Expenses---$712
Total Functional Expenses$0$0$0$225,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$225,828
Total Expenses per Audited Statements$225,828
Total Expenses per Form 990$225,828
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
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
No
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, 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

“No review was or will be conducted.”

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

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

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

“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

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

Filing and Contact Details

Filer

Filer Name
Vernon Edda Mutual Fire Insurance
EIN
41-0592872
Address
25167 720TH ST, HAYFIELD, MN 55940

Signing Officer

Name
Kirk Linbo
Title
Manager
Signed
2025-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Linbo
Formed
1874
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Christianson Pllp
Address
302 5TH ST SW, WILLMAR, MN 56201-3214
Preparer
Sara Deroo
Phone
3202355937
Supplemental Narrative

Additional Explanations

Form 990, Part XII

“The entire board serves as the audit committee.”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“As of december 31, 2024, the company has not identified any material loss contingencies arising from uncertain tax positions.”

Raw XML Appendix318 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/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0225828
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IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt021007
IRS990/FeesForServicesOtherGrp/TotalAmt021629
IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0318535
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0333104
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07380
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07380
IRS990ScheduleD/ExpensesSubtotalAmt0225828
IRS990ScheduleD/RevenueSubtotalAmt0325211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2024, THE COMPANY HAS NOT IDENTIFIED ANY MATERIAL LOSS CONTINGENCIES ARISING FROM UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalExpensesPerForm990Amt0225828
IRS990ScheduleD/TotalRevenuePerForm990Amt0325211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0325211
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0225828
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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 OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPANY ANNUALLY EVALUATES ALL CONFLICT OF INTEREST POLICIES SUBMITTED BY THE BOARD MEMBERS AND EMPLOYEES. THE COMPANY POLICIES ARE COMMUNICATED ANNUALLY TO THE BOARD, EMPLOYEES, AND NEW BOARD MEMBERS AND EMPLOYEES UPON JOINING THE COMPANY.
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 COMPANY MAKES ITS PUBLIC DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ENTIRE BOARD SERVES AS THE AUDIT COMMITTEE.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02408265
IRS990/TotalAssetsEOYAmt02510712
IRS990/TotalAssetsGrp/BOYAmt02408265
IRS990/TotalAssetsGrp/EOYAmt02510712
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0211259
IRS990/TotalLiabilitiesEOYAmt0214323
IRS990/TotalLiabilitiesGrp/BOYAmt0211259
IRS990/TotalLiabilitiesGrp/EOYAmt0214323
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02197006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02296389
IRS990/TotalProgramServiceExpensesAmt0225828
IRS990/TotalProgramServiceRevenueAmt0203685
IRS990/TotalReportableCompFromOrgAmt014505
IRS990/TotalRevenueGrp/ExclusionAmt0112686
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212525
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325211
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02408265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02510712
IRS990/TravelGrp/TotalAmt03901
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK LINBO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERNON EDDA MUTUAL FIRE INSURANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0VERN
ReturnHeader/Filer/EIN0410592872
ReturnHeader/Filer/USAddress/AddressLine1Txt025167 720TH ST
ReturnHeader/Filer/USAddress/CityNm0HAYFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055940
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411781145
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTIANSON PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 5TH ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0562013214
ReturnHeader/PreparerPersonGrp/PhoneNum03202355937
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA DEROO
ReturnHeader/ReturnTs02025-05-21T11:08:30-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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