Civic Intelligence

The Minnesota Self Insurers Security Fund

990 • Fiscal year 2018 • EIN 41-1634385

Jul 01, 2017 to Jun 30, 2018 • Filed on May 22, 2019

Organization ProfileWWW.MNSISF.ORG
161 Saint Anthony Avenue No 818St Paul, MN 55103

(612) 623-6729

Siviq Scores

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

Liabilities / Assets

95th percentile

0.95x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

5.30x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Net Margin

93rd percentile

37%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

9th percentile

$49,000

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-23%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$12,757,908

Down $118,451 (-0.9%) from 2017

Net Assets

Up

$689,216

Up $899,754 (+427%) from 2017

Liabilities

Down

$12,068,692

Down $1,018,205 (-7.8%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin93rd percentile

Revenue

Down

$2,278,091

Down $664,614 (-23%) from 2017

Expenses

Down

$1,437,725

Down $164,501 (-10%) from 2017

Net Income

Down

$840,366

Down $500,113 (-37%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $14,515,490Liabilities 2010: $23,284,644Net Assets 2010: -$8,769,1542010Assets 2011: $11,822,826Liabilities 2011: $19,757,305Net Assets 2011: -$7,934,4792011Assets 2012: $10,743,829Liabilities 2012: $18,189,871Net Assets 2012: -$7,446,0422012Assets 2013: $11,188,921Liabilities 2013: $18,133,512Net Assets 2013: -$6,944,5912013Assets 2014: $10,343,062Liabilities 2014: $15,118,752Net Assets 2014: -$4,775,6902014Assets 2015: $10,756,433Liabilities 2015: $13,787,977Net Assets 2015: -$3,031,5442015Assets 2016: $12,259,568Liabilities 2016: $13,883,353Net Assets 2016: -$1,623,7852016Assets 2017: $12,876,359Liabilities 2017: $13,086,897Net Assets 2017: -$210,5382017Assets 2018: $12,757,908Liabilities 2018: $12,068,692Net Assets 2018: $689,2162018Assets 2019: $14,087,580Liabilities 2019: $12,545,096Net Assets 2019: $1,542,4842019Assets 2020: $15,836,969Liabilities 2020: $13,291,728Net Assets 2020: $2,545,2412020Assets 2021: $15,074,173Liabilities 2021: $11,379,643Net Assets 2021: $3,694,5302021Assets 2022: $14,241,443Liabilities 2022: $11,020,843Net Assets 2022: $3,220,6002022Assets 2023: $13,214,298Liabilities 2023: $9,509,011Net Assets 2023: $3,705,2872023Assets 2024: $18,933,750Liabilities 2024: $16,471,128Net Assets 2024: $2,462,6222024

Highlighted filing

2018

Assets$12,757,908
Liabilities$12,068,692
Net Assets$689,216
Open 2018 Filing

Operations Trend

Revenue Growth8th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $472,6392010Expenses 2011: $575,1812011Expenses 2012: $641,3222012Revenue 2013: $2,084,739Expenses 2013: $1,583,289Net Income 2013: $501,4502013Revenue 2014: $4,645,396Expenses 2014: $2,476,495Net Income 2014: $2,168,9012014Revenue 2015: $3,167,910Expenses 2015: $1,423,764Net Income 2015: $1,744,1462015Revenue 2016: $2,662,480Expenses 2016: $1,267,988Net Income 2016: $1,394,4922016Revenue 2017: $2,942,705Expenses 2017: $1,602,226Net Income 2017: $1,340,4792017Revenue 2018: $2,278,091Expenses 2018: $1,437,725Net Income 2018: $840,3662018Revenue 2019: $2,408,737Expenses 2019: $1,590,206Net Income 2019: $818,5312019Revenue 2020: $2,793,758Expenses 2020: $1,820,269Net Income 2020: $973,4892020Revenue 2021: $3,509,533Expenses 2021: $2,865,205Net Income 2021: $644,3282021Revenue 2022: $2,139,379Expenses 2022: $1,964,922Net Income 2022: $174,4572022Revenue 2023: $2,905,061Expenses 2023: $2,177,717Net Income 2023: $727,3442023Revenue 2024: $9,877,695Expenses 2024: $10,946,923Net Income 2024: -$1,069,2282024

Highlighted filing

2018

Revenue$2,278,091
Expenses$1,437,725
Net Income$840,366
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 22, 2019
Return Version
2017v2.3
Gross Receipts
$10,597,071
Mission and Program Overview

Mission

The purpose of minnesota self-insurers' security fund is to fulfill the obligations placed upon it by minnesota session laws, chapter 674 (1988), codified as minn. Stat. Section 79a.01 et.seq., and acts amendatory thereto, and such other purposes with unlimited power to engage in and do any lawful act which any corporation organized as a non-profit corporation under the laws of the state of minnesota may do.

The fund's primary purpose is to promote the common business interests of its member organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,850,673$2,319,661▲ $468,988
Investments Other Securities$1,043,575$2,199,193▲ $1,155,618
Rtn Earn Endowment Incm Other Fnds$-210,538$689,216▲ $899,754
Cash and Non-Interest-Bearing Accounts$1,544,957$515,949▼ $1,029,008
Accounts Receivable$105,684$89,385▼ $16,299
Prepaid Expenses and Deferred Charges$3,304$4,088▲ $784
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$12,876,359$12,757,908▼ $118,451
Other Assets Total$8,328,166$7,629,632▼ $698,534
Liabilities
Other Liabilities$12,616,526$11,714,826▼ $901,700
Deferred Revenue$467,509$352,002▼ $115,507
Accounts Payable and Accrued Expenses$2,862$1,864▼ $998
Total Liabilities$13,086,897$12,068,692▼ $1,018,205
Net Assets / Fund Balance
Total Net Assets Fund Balance$-210,538$689,216▲ $899,754
Total Liabilities and Net Assets / Fund Balance$12,876,359$12,757,908▼ $118,451

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$796--
Other Securities$2,199,193--
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carl W Cummins IiiPresidentPT$49,000$49,000
David J HennesChair-$5,750$5,750
Janel Wahl FrenchTreasurer-$5,150$5,150
Rick TheisenSecretary-$3,750$3,750
James OukropTrustee-$2,200$2,200
Howard BickerTrustee-$2,050$2,050
Jeff HornerTrustee-$2,050$2,050
Bill MccarthyTrustee-$1,900$1,900
Brad WigginsTrustee-$1,750$1,750

Board Members and Trustees

NameTitle
Dale HaugVice Chair
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,183,970
Investment Income
$94,121
Other Revenue
$0
Change in Net Assets
$840,366

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,482,662
Revenue Not Reported on Financial Statements
$795,429
Revenue Not Reported on Form 990
$59,388
Other Revenue Adjustments
$795,429
Total Revenue per Audited Statements
$1,542,050
Total Revenue per Form 990
$2,278,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,364,825
Salaries, Compensation, and Employee Benefits$72,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$84,975
Fees for Services Other---$80,309
Current Officers, Directors, Trustees, and Key Employees---$72,900
Fees for Services Legal---$66,899
Insurance---$15,638
Occupancy---$10,444
Other Expenses---$9,960
Conferences and Meetings---$5,657
Total Functional Expenses$0$0$0$1,437,725

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,437,725
Expenses Not Reported on Financial Statements$795,429
Other Expense Adjustments$795,429
Expenses per Audited Statements$642,296
Total Expenses per Audited Statements$642,296
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
Estimated Claims Payable$11,714,826
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

“All private self insurers' are members of minnesota self insurers' security fund (sisf). The members of sisf have rights to elect the members of the governing body.”

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

“The board of directors is elected by the members of sisf at the annual meeting.”

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

“Form 990 is reviewed by the sisf treasurer, executive director, and general counsel. The treasurer's review includes comparisons to audited financial statements noting agreement, etc.”

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

“The written conflict of interest policy is distributed to all board members annually. A written confirmation of its receipt by every board member is required.”

Form 990, Part VI, Section B, Line 15

“The plan of operation committee compares board compensation with the workers' compensation reinsurance association (wcra) board compensation. The committee recommends changes to the board. Any changes must be approved by the minnesota commissioner of commerce.”

Form 990, Part VI, Section C, Line 19

“The governing documents are made available on the sisf website. The audited financial statement is distributed to sisf members only.”

Filing and Contact Details

Filer

Filer Name
MINNESOTA SELF-INSURER'S SECURITY FUND
EIN
41-1634385
Phone
6126236729
Address
161 SAINT ANTHONY AVENUE NO 818, ST PAUL, MN 55103

Signing Officer

Name
Janel Wahl French
Title
Treasurer
Phone
6126236729
Signed
2019-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janel Wahl French
Formed
1988
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL WEST TOWER STE, 1100, MINNEAPOLIS, MN 55402-2526
Preparer
Kacie Mcewen
Phone
6123324300
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Claims recovered reclassified from expense 795,429.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Claims recovered reclassified as revenue 795,429.”

Raw XML Appendix379 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02862
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01864
IRS990/AccountsReceivableGrp/BOYAmt0105684
IRS990/AccountsReceivableGrp/EOYAmt089385
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FUND'S PRIMARY PURPOSE IS TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBER ORGANIZATIONS.
IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JANEL WAHL FRENCH
IRS990/BooksInCareOfDetail/PhoneNum06126236729
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt088 -11TH AVENUE NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055413
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01544957
IRS990/CashNonInterestBearingGrp/EOYAmt0515949
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt072900
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt05657
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt094121
IRS990/CYOtherExpensesAmt01364825
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02183970
IRS990/CYRevenuesLessExpensesAmt0840366
IRS990/CYSalariesCompEmpBnftPaidAmt072900
IRS990/CYTotalExpensesAmt01437725
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02278091
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0467509
IRS990/DeferredRevenueGrp/EOYAmt0352002
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ORGANIZATION WAS SET UP AS A RESULT OF AN ACT PASSED BY THE MINNESOTA LEGISLATURE IN REGARD TO WORKERS' COMPENSATION. THE PURPOSE OF THE FUND IS TO INSURE THAT ANY WORKERS WHOSE WORK RELATED INJURY OCCURRED WHEN AN EMPLOYER WAS DULY SELF-INSURED IN THE STATE OF MINNESOTA, WILL CONTINUE TO RECEIVE WORKERS' COMPENSATION BENEFITS IN THE EVENT THE SELF-INSURED EMPLOYER FILES FOR BANKRUPTCY, BECOMES INSOLVENT AND/OR DEFAULTS ON ITS WORKERS' COMPENSATION OBLIGATION. CURRENTLY THE MINNESOTA SELF-INSURERS' SECURITY FUND IS UTILIZING POSTED SECURITY OBTAINED FROM DEFAULTING MEMBERS AND ASSESSMENTS TO PAY CLAIMS TO OR ON BEHALF OF THE INJURED EMPLOYEES.IF THE POSTED SECURITY IS INADEQUATE, MEMBERS OF THE MINNESOTA SELF-INSURERS' SECURITY FUND WILL BE ASSESSED SO THAT THE INJURED EMPLOYEES CONTINUE TO RECEIVE APPROPRIATE BENEFITS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt084975
IRS990/FeesForServicesLegalGrp/TotalAmt066899
IRS990/FeesForServicesOtherGrp/TotalAmt080309
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt99.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID J HENNES
IRS990/Form990PartVIISectionAGrp/PersonNm1DALE HAUG
IRS990/Form990PartVIISectionAGrp/PersonNm2JANEL WAHL FRENCH
IRS990/Form990PartVIISectionAGrp/PersonNm3RICK THEISEN
IRS990/Form990PartVIISectionAGrp/PersonNm4BRAD WIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm5BILL MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm6HOWARD BICKER
IRS990/Form990PartVIISectionAGrp/PersonNm7JEFF HORNER
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES OUKROP
IRS990/Form990PartVIISectionAGrp/PersonNm9CARL W CUMMINS III
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt05750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt33750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt62050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt72050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt82200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt949000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt06785
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt08325765
IRS990/GrossReceiptsAmt010597071
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt015638
IRS990/InvestmentIncomeGrp/ExclusionAmt087336
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt087336
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01043575
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02199193
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01850673
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02319661
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08318980
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF MINNESOTA SELF-INSURERS' SECURITY FUND IS TO FULFILL THE OBLIGATIONS PLACED UPON IT BY MINNESOTA SESSION LAWS, CHAPTER 674 (1988), CODIFIED AS MINN. STAT. SECTION 79A.01 ET.SEQ., AND ACTS AMENDATORY THERETO, AND SUCH OTHER PURPOSES WITH UNLIMITED POWER TO ENGAGE IN AND DO ANY LAWFUL ACT WHICH ANY CORPORATION ORGANIZED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF MINNESOTA MAY DO.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-210538
IRS990/NetAssetsOrFundBalancesEOYAmt0689216
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06785
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06785
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt059388
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt010444
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08328166
IRS990/OtherAssetsTotalGrp/EOYAmt07629632
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CLAIMS INCURRED
IRS990/OtherExpensesGrp/Desc1CLAIMS ADMINISTRATIVE F
IRS990/OtherExpensesGrp/Desc2MISC. EXPENSES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/TotalAmt0990925
IRS990/OtherExpensesGrp/TotalAmt166565
IRS990/OtherExpensesGrp/TotalAmt233453
IRS990/OtherExpensesGrp/TotalAmt39960
IRS990/OtherLiabilitiesGrp/BOYAmt012616526
IRS990/OtherLiabilitiesGrp/EOYAmt011714826
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03304
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04088
IRS990/PrincipalOfficerNm0JANEL WAHL FRENCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0GENERAL MEMBERSHIP ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1RECOVERIES RECEIVED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01388541
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1795429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01388541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1795429
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061764
IRS990/PYOtherExpensesAmt01529567
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02880941
IRS990/PYRevenuesLessExpensesAmt01340479
IRS990/PYSalariesCompEmpBnftPaidAmt072659
IRS990/PYTotalExpensesAmt01602226
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02942705
IRS990/ReconcilationRevenueExpnssAmt0840366
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-210538
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0689216
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0795429
IRS990ScheduleD/ExpensesSubtotalAmt0642296
IRS990ScheduleD/NetUnrealizedGainsInvstAmt059388
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07628836
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1796
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REINSURANCE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MEMBER ASSESSMENT RECEIVABLES
IRS990ScheduleD/OtherExpensesNotIncludedAmt0795429
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011714826
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESTIMATED CLAIMS PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0795429
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02199193
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BANKERS ACCEPTANCE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt059388
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0795429
IRS990ScheduleD/RevenueSubtotalAmt01482662
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CLAIMS RECOVERED RECLASSIFIED FROM EXPENSE 795,429.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CLAIMS RECOVERED RECLASSIFIED AS REVENUE 795,429.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07629632
IRS990ScheduleD/TotalBookValueSecuritiesAmt02199193
IRS990ScheduleD/TotalExpensesPerForm990Amt01437725
IRS990ScheduleD/TotalLiabilityAmt011714826
IRS990ScheduleD/TotalRevenuePerForm990Amt02278091
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01542050
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0642296
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL PRIVATE SELF INSURERS' ARE MEMBERS OF MINNESOTA SELF INSURERS' SECURITY FUND (SISF). THE MEMBERS OF SISF HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF SISF AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE SISF TREASURER, EXECUTIVE DIRECTOR, AND GENERAL COUNSEL. THE TREASURER'S REVIEW INCLUDES COMPARISONS TO AUDITED FINANCIAL STATEMENTS NOTING AGREEMENT, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS ANNUALLY. A WRITTEN CONFIRMATION OF ITS RECEIPT BY EVERY BOARD MEMBER IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLAN OF OPERATION COMMITTEE COMPARES BOARD COMPENSATION WITH THE WORKERS' COMPENSATION REINSURANCE ASSOCIATION (WCRA) BOARD COMPENSATION. THE COMMITTEE RECOMMENDS CHANGES TO THE BOARD. ANY CHANGES MUST BE APPROVED BY THE MINNESOTA COMMISSIONER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE MADE AVAILABLE ON THE SISF WEBSITE. THE AUDITED FINANCIAL STATEMENT IS DISTRIBUTED TO SISF MEMBERS ONLY.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012876359
IRS990/TotalAssetsEOYAmt012757908
IRS990/TotalAssetsGrp/BOYAmt012876359
IRS990/TotalAssetsGrp/EOYAmt012757908
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01437725
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013086897
IRS990/TotalLiabilitiesEOYAmt012068692
IRS990/TotalLiabilitiesGrp/BOYAmt013086897
IRS990/TotalLiabilitiesGrp/EOYAmt012068692
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-210538
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0689216
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02183970
IRS990/TotalReportableCompFromOrgAmt073600
IRS990/TotalRevenueGrp/ExclusionAmt094121
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02183970
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02278091
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012876359
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012757908
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt088 - 11TH AVENUE NE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055413
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MNSISF.ORG
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANEL WAHL FRENCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126236729
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA SELF-INSURER'S SECURITY FUND
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411634385
ReturnHeader/Filer/PhoneNum06126236729
ReturnHeader/Filer/USAddress/AddressLine1Txt0161 SAINT ANTHONY AVENUE NO 818
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId087582E9F27F9D44FF3413DC68BC15CB891AAC3BD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.98.98.9
ReturnHeader/FilingSecurityInformation/IPDt02019-05-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:39:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 NICOLLET MALL WEST TOWER STE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt01100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554022526
ReturnHeader/PreparerPersonGrp/PhoneNum06123324300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KACIE MCEWEN
ReturnHeader/ReturnTs02019-05-22T17:36:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,757,908
Liabilities
$12,068,692
Net assets
$689,216
Revenue
$2,278,091
Expenses
$1,437,725
Net income
$840,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.9$16.5$2.46$9.88$10.9$1.07
2023Detailed filing. Detailed filing data is available for this year.$13.2$9.51$3.71$2.91$2.18$0.73
2022Detailed filing. Detailed filing data is available for this year.$14.2$11.0$3.22$2.14$1.96$0.17
2021Detailed filing. Detailed filing data is available for this year.$15.1$11.4$3.69$3.51$2.87$0.64
2020Detailed filing. Detailed filing data is available for this year.$15.8$13.3$2.55$2.79$1.82$0.97
2019Detailed filing. Detailed filing data is available for this year.$14.1$12.5$1.54$2.41$1.59$0.82
2018Detailed filing. Detailed filing data is available for this year.$12.8$12.1$0.69$2.28$1.44$0.84
2017Detailed filing. Detailed filing data is available for this year.$12.9$13.1$0.21$2.94$1.60$1.34
2016Detailed filing. Detailed filing data is available for this year.$12.3$13.9$1.62$2.66$1.27$1.39
2015Detailed filing. Detailed filing data is available for this year.$10.8$13.8$3.03$3.17$1.42$1.74
2014Detailed filing. Detailed filing data is available for this year.$10.3$15.1$4.78$4.65$2.48$2.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$18.1$6.94$2.08$1.58$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$18.2$7.45$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$19.8$7.93$0.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$23.3$8.77$0.47