Civic Intelligence

Vadnais Heights Firefighters' Relief Association

990 • Fiscal year 2017 • EIN 41-1370203

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

3595 Arcade StVadnais Heights, MN 55127

(651) 204-6030

Siviq Scores

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

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$1,800

Higher top officer pay than 62% of similar nonprofits.

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-87%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

860%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$203,374

Down $1,351,414 (-87%) from 2016

Net Assets

Down

$169,297

Down $1,357,111 (-89%) from 2016

Liabilities

Up

$34,077

Up $5,697 (+20%) from 2016

Revenue

Up

$597,608

Up $535,353 (+860%) from 2016

Expenses

Down

$76,591

Down $129,565 (-63%) from 2016

Net Income

Up

$521,017

Up $664,918 (+462%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2008: $979,049Liabilities 2008: $11,867Net Assets 2008: $967,1822008Assets 2009: $1,193,682Liabilities 2009: $11,184Net Assets 2009: $1,182,4982009Assets 2010: $1,240,599Liabilities 2010: $14,563Net Assets 2010: $1,226,0362010Assets 2012: $1,370,383Liabilities 2012: $27,230Net Assets 2012: $1,343,1532012Assets 2013: $1,491,591Liabilities 2013: $26,645Net Assets 2013: $1,464,9462013Assets 2014: $1,571,573Liabilities 2014: $23,391Net Assets 2014: $1,548,1822014Assets 2015: $1,575,416Liabilities 2015: $0Net Assets 2015: $1,575,4162015Assets 2016: $1,554,788Liabilities 2016: $28,380Net Assets 2016: $1,526,4082016Assets 2017: $203,374Liabilities 2017: $34,077Net Assets 2017: $169,2972017

Highlighted filing

2017

Assets$203,374
Liabilities$34,077
Net Assets$169,297

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2008: $117,953Expenses 2008: $149,275Net Income 2008: -$31,3222008Revenue 2009: $97,143Expenses 2009: $21,951Net Income 2009: $75,1922009Revenue 2010: $141,584Expenses 2010: $161,363Net Income 2010: -$19,7792010Revenue 2012: $124,666Expenses 2012: $65,050Net Income 2012: $59,6162012Revenue 2013: $188,045Expenses 2013: $227,368Net Income 2013: -$39,3232013Revenue 2014: $149,429Expenses 2014: $106,922Net Income 2014: $42,5072014Revenue 2015: $214,101Expenses 2015: $90,712Net Income 2015: $123,3892015Revenue 2016: $62,255Expenses 2016: $206,156Net Income 2016: -$143,9012016Revenue 2017: $597,608Expenses 2017: $76,591Net Income 2017: $521,0172017

Highlighted filing

2017

Revenue$597,608
Expenses$76,591
Net Income$521,017
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$3,978,705
Mission and Program Overview

Mission

SEE PART I, LINE 1

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,621$102,116▲ $30,495
Investments Program Related$1,305,585$92,051▼ $1,213,534
Pledges and Grants Receivable$82,709$8,876▼ $73,833
Prepaid Expenses and Deferred Charges$1,600--
Savings and Temporary Cash Investments$93,273$331▼ $92,942
Total Assets$1,554,788$203,374▼ $1,351,414
Liabilities
Accounts Payable and Accrued Expenses$28,380$27,380▼ $1,000
Grants Payable-$6,697-
Total Liabilities$28,380$34,077▲ $5,697
Net Assets / Fund Balance
Unrestricted Net Assets$189,784$152,805▼ $36,979
Temporarily Rstr Net Assets$1,336,624$16,492▼ $1,320,132
Total Net Assets Fund Balance$1,526,408$169,297▼ $1,357,111
Total Liabilities and Net Assets / Fund Balance$1,554,788$203,374▼ $1,351,414

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$26,037--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Robert TreftTreasurer$1,800$1,800
Doug GerlachSecretary$1,000$1,000
Mike BigelbachPresident$750$750

Board Members and Trustees

NameTitle
Robert WeierVice President
Ryan EckertAlternate trustee
Shawn FertchAlternate trustee
Craig JohnsonEx-officio trustee
Edward LeierEx-officio trustee
Kevin WatsonEx-officio trustee
Ed GorrTrustee
Mike PfotenhauerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$89,555
Program Service Revenue
$504,184
Investment Income
$4,803
Other Revenue
$-934
All Other Contributions
$1,377
Change in Net Assets
$521,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$597,582
Revenue Not Reported on Financial Statements
$25
Revenue Not Reported on Form 990
$-70,123
Total Revenue per Audited Statements
$527,459
Total Revenue per Form 990
$597,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$56,881
Other Expenses$9,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits-$52,631-$52,631
Benefits to Members$9,974--$9,974
Fees for Services Accounting$6,365--$6,365
Current Officers, Directors, Trustees, and Key Employees$4,250--$4,250
Office Expenses$397$1,949-$2,346
Other Expenses-$1,000-$1,000
Fees for Service Investment Mgmnt Fees$25--$25
Total Functional Expenses$21,011$55,580$0$76,591

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$309,799
Expenses Not Reported on Form 990$233,233
Total Expenses per Form 990$76,591
Expenses per Audited Statements$76,566
Expenses Not Reported on Financial Statements$25
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$3,375,142
Gaming Gross Income$3,373,324
Fundraising Gross Income$6,839
Fundraising Direct Expenses$5,955
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
Audit committee
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
No
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 1

Three board members were compensated as officers and were therefore not independent.

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 Organization's board of directors for review. After review it is made available to the members for their review.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Vadnais Heights Firefighters' Relief
EIN
41-1370203
Phone
6512046030
Address
3595 Arcade St, Vadnais Heights, MN 55127

Signing Officer

Name
Michael Bigelbach
Title
President
Phone
6512046030
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bigelbach
Formed
1971
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
7
Employees
0
Volunteers
35

Preparer

Firm
Abdo Eick & Meyers Llp
Address
5201 EDEN AVENUE SUITE 250, EDINA, MN 55436
Preparer
Thomas J Olinger CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Transfer to Statewide Retirement Fund (PERA) -1,574,772.

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit.

Financial Statement Notes

Part X, Line 2:

Income taxes The Organization is a nonprofit organization described in Section 501(c)4 of the Internal Revenue Code and is exempt from Federal and State income taxes. The Organization has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Organization is subject to routine audits by these jurisdictions; however, the Organization is currently not under any audits for any tax periods. The Organization does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Organizations financial condition, results of operations or cash flow. No liability has been recorded for uncertain tax positions. As allowed under accounting principles generally accepted in the United States of America, the Organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the Organizations statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2017, the Organization did not recognize any interest or penalties. With few exceptions, the Organization is no longer subject to tax examinations by tax authorities for years before 2014.

Part XI, Line 2D - Other Adjustments:

Direct expense netted from fundraising and gambling revenue 233,233.

Part XII, Line 2D - Other Adjustments:

Direct expense netted from fundraising and gambling revenue 233,233.

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-303356
IRS990ScheduleD/OtherExpensesIncludedAmt0233233
IRS990ScheduleD/OtherRevenueAmt0233233
IRS990ScheduleD/RevenueNotReportedAmt0-70123
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025
IRS990ScheduleD/RevenueSubtotalAmt0597582
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes The Organization is a nonprofit organization described in Section 501(c)4 of the Internal Revenue Code and is exempt from Federal and State income taxes. The Organization has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Organization is subject to routine audits by these jurisdictions; however, the Organization is currently not under any audits for any tax periods. The Organization does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Organizations financial condition, results of operations or cash flow. No liability has been recorded for uncertain tax positions. As allowed under accounting principles generally accepted in the United States of America, the Organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the Organizations statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2017, the Organization did not recognize any interest or penalties. With few exceptions, the Organization is no longer subject to tax examinations by tax authorities for years before 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct expense netted from fundraising and gambling revenue 233,233.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct expense netted from fundraising and gambling revenue 233,233.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt092051
IRS990ScheduleD/TotalExpensesPerForm990Amt076591
IRS990ScheduleD/TotalRevenuePerForm990Amt0597607
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0527459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0309799
IRS990ScheduleG/CharitableDistributionRqrInd01
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt03147864
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt03147864
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt03375142
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt03373324
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt03373324
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0-1818
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesPullTabsAmt021000
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt021000
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsPullTabsAmt0206278
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt0206278
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd00
IRS990ScheduleG/GamingManagerCompensationAmt013585
IRS990ScheduleG/GamingManagerIsEmployeeInd0X
IRS990ScheduleG/GamingManagerPersonNm0Derek Johnson
IRS990ScheduleG/GamingManagerServicesProvTxt0Gambling Manager compensation
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0Chris Dubay
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt03595 Arcade St
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0Vadnais Heights
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MN
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd055126
IRS990ScheduleG/StatesWhereGamingConductedCd0MN
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Three board members were compensated as officers and were therefore not independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is comprised of members of the volunteer fire department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members elect the members of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Decisions affecting investments, bylaws, etc are approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is provided to the Organization's board of directors for review. After review it is made available to the members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Transfer to Statewide Retirement Fund (PERA) -1,574,772.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The board of directors assumes responsibility for oversight of the audit.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 1
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 A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
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 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01336624
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016492
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01554788
IRS990/TotalAssetsEOYAmt0203374
IRS990/TotalAssetsGrp/BOYAmt01554788
IRS990/TotalAssetsGrp/EOYAmt0203374
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt089555
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055580
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021011
IRS990/TotalFunctionalExpensesGrp/TotalAmt076591
IRS990/TotalGrossUBIAmt0-1818
IRS990/TotalLiabilitiesBOYAmt028380
IRS990/TotalLiabilitiesEOYAmt034077
IRS990/TotalLiabilitiesGrp/BOYAmt028380
IRS990/TotalLiabilitiesGrp/EOYAmt034077
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01526408
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0169297
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt021011
IRS990/TotalProgramServiceRevenueAmt0504184
IRS990/TotalReportableCompFromOrgAmt03550
IRS990/TotalRevenueGrp/ExclusionAmt05687
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0504184
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0597608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-1818
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01554788
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0203374
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0189784
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0152805
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03595 Arcade St
IRS990/USAddress/CityNm0Vadnais Heights
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055127
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Bigelbach
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06512046030
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vadnais Heights Firefighters' Relief
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association
ReturnHeader/Filer/BusinessNameControlTxt0VADN
ReturnHeader/Filer/EIN0411370203
ReturnHeader/Filer/PhoneNum06512046030
ReturnHeader/Filer/USAddress/AddressLine1Txt03595 Arcade St
ReturnHeader/Filer/USAddress/CityNm0Vadnais Heights

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