Civic Intelligence

Waterville Volunteer Fireman Relief Assn

990 • Fiscal year 2023 • EIN 41-1322753

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 01, 2024

200 South 3rd StWaterville, MN 56096

(507) 838-5526

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.12x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-639%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$650

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Asset Growth

1st percentile

-96%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-2.6%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$24,883

Down $552,329 (-96%) from 2022

Net Assets

Down

$21,883

Down $555,329 (-96%) from 2022

Liabilities

Up

$3,000

Up $3,000 from 2022

Revenue

Down

$90,153

Down $2,453 (-2.6%) from 2022

Expenses

Up

$666,359

Up $622,205 (+1409%) from 2022

Net Income

Down

-$576,206

Down $624,658 (-1289%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $347,712Liabilities 2011: $492Net Assets 2011: $347,2202011Assets 2012: $390,811Liabilities 2012: $0Net Assets 2012: $390,8112012Assets 2013: $460,123Liabilities 2013: $0Net Assets 2013: $460,1232013Assets 2014: $516,649Liabilities 2014: $0Net Assets 2014: $516,6492014Assets 2015: $479,257Liabilities 2015: $0Net Assets 2015: $479,2572015Assets 2016: $543,508Liabilities 2016: $0Net Assets 2016: $543,5082016Assets 2017: $560,446Liabilities 2017: $3,750Net Assets 2017: $556,6962017Assets 2018: $441,024Liabilities 2018: $0Net Assets 2018: $441,0242018Assets 2019: $531,077Liabilities 2019: $0Net Assets 2019: $531,0772019Assets 2020: $568,054Liabilities 2020: $0Net Assets 2020: $568,0542020Assets 2021: $652,652Liabilities 2021: $0Net Assets 2021: $652,6522021Assets 2022: $577,212Liabilities 2022: $0Net Assets 2022: $577,2122022Assets 2023: $24,883Liabilities 2023: $3,000Net Assets 2023: $21,8832023Assets 2024: $26,227Liabilities 2024: $0Net Assets 2024: $26,2272024

Highlighted filing

2023

Assets$24,883
Liabilities$3,000
Net Assets$21,883

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $34,642Expenses 2011: $17,996Net Income 2011: $16,6462011Revenue 2012: $32,507Expenses 2012: $9,712Net Income 2012: $22,7952012Revenue 2013: $45,769Expenses 2013: $9,347Net Income 2013: $36,4222013Revenue 2014: $48,464Expenses 2014: $10,161Net Income 2014: $38,3032014Revenue 2015: $47,706Expenses 2015: $64,846Net Income 2015: -$17,1402015Revenue 2016: $52,738Expenses 2016: $9,330Net Income 2016: $43,4082016Revenue 2017: $72,975Expenses 2017: $95,550Net Income 2017: -$22,5752017Revenue 2018: $64,815Expenses 2018: $145,262Net Income 2018: -$80,4472018Revenue 2019: $62,773Expenses 2019: $18,890Net Income 2019: $43,8832019Revenue 2020: $59,909Expenses 2020: $61,985Net Income 2020: -$2,0762020Revenue 2021: $83,055Expenses 2021: $41,477Net Income 2021: $41,5782021Revenue 2022: $92,606Expenses 2022: $44,154Net Income 2022: $48,4522022Revenue 2023: $90,153Expenses 2023: $666,359Net Income 2023: -$576,2062023Revenue 2024: $16,865Expenses 2024: $12,521Net Income 2024: $4,3442024

Highlighted filing

2023

Revenue$90,153
Expenses$666,359
Net Income-$576,206
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 1, 2024
Return Version
2023v5.1
Gross Receipts
$1,229,673
Mission and Program Overview

Mission

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$563,702$0▼ $563,702
Cash and Non-Interest-Bearing Accounts$10,510$11,883▲ $1,373
Savings and Temporary Cash Investments-$10,000-
Pledges and Grants Receivable$3,000$3,000→ $0
Total Assets$577,212$24,883▼ $552,329
Liabilities
Accounts Payable and Accrued Expenses-$3,000-
Total Liabilities$0$3,000▲ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,510$11,883▲ $1,373
Net Assets With Donor Restrictions$566,702$10,000▼ $556,702
Total Net Assets Fund Balance$577,212$21,883▼ $555,329
Total Liabilities and Net Assets / Fund Balance$577,212$24,883▼ $552,329
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dennis AndroliTreasurer$650$650
Jeremy SchwartzPresident$650$650
Justin WenkerSecretary$650$650

Board Members and Trustees

NameTitle
Michael MertinsVice President
Darrin HanksTrustee
Matthew DuhmeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$39,603
Program Service Revenue
$0
Investment Income
$46,514
Other Revenue
$4,036
All Other Contributions
$12,053
Change in Net Assets
$-576,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$655,887
Grants and Similar Amounts Paid$2,750
Salaries, Compensation, and Employee Benefits$2,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$7,715-$7,715
Benefits to Members$5,472--$5,472
Advertising$3,144--$3,144
Current Officers, Directors, Trustees, and Key Employees$1,950--$1,950
Grants to Domestic Orgs$1,750--$1,750
Office Expenses$1,425--$1,425
Grants to Domestic Individuals$1,000--$1,000
Other Salaries and Wages-$300-$300
Conferences and Meetings$201--$201
Other Expenses$200--$200
Total Functional Expenses$658,344$8,015$0$666,359
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,218
Fundraising Direct Expenses$20,182
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fish Tourney$23,945$19,025$15,854$3,171
Hot Summer Nights$5,677$5,193$4,328$865
Total Events$29,622$24,218$20,182$4,036
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
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, line 6

The Organization is comprised of members of the volunteer fire department.

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

The members elect the members of the governing body.

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

Decisions affecting investments, bylaws, etc are approved by the members.

Form 990, Part VI, Section B, line 11B

Form 990 is provided to the Organizations Board of Directors for review. After review it is made available to the members for their review.

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

The conflict of interest policy is reviewed annually by the Organizations board members for any necessary changes.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents and financial statements available to the public upon request. Form 990 is also available on GuideStar.

Filing and Contact Details

Filer

Filer Name
Waterville Firefighters Relief
EIN
41-1322753
Phone
5078385526
Address
200 South 3rd St, Waterville, MN 56096

Signing Officer

Name
Justin Wenker
Title
Secretary
Phone
5078385526
Signed
2024-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Wenker
Formed
1967
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
20

Preparer

Firm
Abdo LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Nathan Maack CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, XLL, Line 2C

This process has not changed from the prior year.

Raw XML Appendix349 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/AccountantCompileOrReviewInd00
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IRS990/BooksInCareOfDetail/PersonNm0Dennis Androli
IRS990/BooksInCareOfDetail/PhoneNum05078385526
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 S 3rd St
IRS990/BooksInCareOfDetail/USAddress/CityNm0Waterville
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0Jeremy Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Mertins
IRS990/Form990PartVIISectionAGrp/PersonNm2Justin Wenker
IRS990/Form990PartVIISectionAGrp/PersonNm3Dennis Androli
IRS990/Form990PartVIISectionAGrp/PersonNm4Matthew Duhme
IRS990/Form990PartVIISectionAGrp/PersonNm5Darrin Hanks
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
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IRS990/FundraisingAmt05404
IRS990/FundraisingDirectExpensesAmt020182
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IRS990/GainOrLossGrp/SecuritiesAmt031560
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt022046
IRS990/GrantAmt02750
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01000
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01750
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0563702
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01119338
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0100
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc1Member recognition
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is comprised of members of the volunteer fire department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions affecting investments, bylaws, etc are approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is provided to the Organizations Board of Directors for review. After review it is made available to the members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflict of interest policy is reviewed annually by the Organizations board members for any necessary changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents and financial statements available to the public upon request. Form 990 is also available on GuideStar.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This process has not changed from the prior year.
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 A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, XLL, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0577212
IRS990/TotalAssetsEOYAmt024883
IRS990/TotalAssetsGrp/BOYAmt0577212
IRS990/TotalAssetsGrp/EOYAmt024883
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt039603
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08015
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0658344
IRS990/TotalFunctionalExpensesGrp/TotalAmt0666359
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt03000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0577212
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021883
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0658344
IRS990/TotalReportableCompFromOrgAmt01950
IRS990/TotalRevenueGrp/ExclusionAmt050550
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt090153
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0577212
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024883
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 South 3rd St
IRS990/USAddress/CityNm0Waterville
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056096
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Wenker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum05078385526
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Waterville Firefighters Relief
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0411322753
ReturnHeader/Filer/PhoneNum05078385526
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 South 3rd St
ReturnHeader/Filer/USAddress/CityNm0Waterville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056096
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Avenue Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nathan Maack CPA
ReturnHeader/ReturnTs02024-08-07T08:35:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.17$0.13$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.22$0.90$6.66$5.76
2022Detailed filing. Detailed filing data is available for this year.$5.77$0.00$5.77$0.93$0.44$0.48
2021Detailed filing. Detailed filing data is available for this year.$6.53$0.00$6.53$0.83$0.41$0.42
2020Detailed filing. Detailed filing data is available for this year.$5.68$0.00$5.68$0.60$0.62$0.02
2019Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.31$0.63$0.19$0.44
2018Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.65$1.45$0.80
2017Detailed filing. Detailed filing data is available for this year.$5.60$0.04$5.57$0.73$0.96$0.23
2016Detailed filing. Detailed filing data is available for this year.$5.44$0.00$5.44$0.53$0.09$0.43
2015Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.48$0.65$0.17
2014Detailed filing. Detailed filing data is available for this year.$5.17$0.00$5.17$0.48$0.10$0.38
2013Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.46$0.09$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.00$3.91$0.33$0.10$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.00$3.47$0.35$0.18$0.17