Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
The Minnesota Self Insurers Security Fund
990 • Fiscal year 2010 • EIN 41-1634385
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.60x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
$14,515,490
No earlier filing loaded for comparison.
Net Assets
-$8,769,154
No earlier filing loaded for comparison.
Liabilities
$23,284,644
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
$472,639
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2009 to Jun 30, 2010
- Signed
- Jun 1, 2011
- Return Version
- 2009v1.7
- Gross Receipts
- $982,815
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.
Filing and Contact Details
Filer
- EIN
- 41-1634385
Raw XML Appendix342 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.
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| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | THE FUND'S PRIMARY PURPOSE IS TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBER ORGANIZATIONS. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | w1432 1st national bank bldg332 |
| IRS990/AddressPrincipalOfficerUS/AddressLine2 | 0 | MINNESOTA ST |
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| IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine1 | 0 | Koll Morrison Charpentier & Hagstrom |
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| IRS990/Description | 0 | THE 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 OCCURED 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. |
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| IRS990/MissionDescription | 0 | 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. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
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| IRS990/NameOfPrincipalOfficerPerson | 0 | JANEL WAHL FRENCH |
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| IRS990/OtherExpenses/Description | 3 | Claims Audit - Ingenix |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF SISF AT THE ANNUAL MEETING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE PLAN OF OPERATION COMMITTEE COMPARES BOARD COMPENSATION WITH WCRA BOARD COMPENSATION. THE COMMITTEE RECOMMENDS CHANGES TO THE BOARD. ANY CHANGES MUST BE APPROVED BY THE MINNESOTA COMMISSIONER OF COMMERCE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE GOVERNING DOCUMENTS ARE MADE AVAILABLE ON THE SISF WEBSITE. THE AUDITED FINANCIAL STATEMENT IS DISTRIBUTED TO SISF MEMBERS ONLY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | IN YEARS PRIOR TO JUNE 30, 2010, THE INCURRED BUT NOT REPORTED (IBNR) CLAIMS WERE REPORTED AS NET. IN 2010, IT WAS DETERMINED THAT IBNR AND REINSURANCE RECEIVABLES SHOULD BE REPORTED ON A GROSS BASIS. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | Form 990 |
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| IRS990/TotalNbrVolunteers | 0 | 0 |
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| IRS990/TotalOtherCompensation | 0 | 0 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
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| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 0 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.MNSISF.ORG |
| IRS990/WhistleblowerPolicy | 0 | 0 |
| IRS990/YearFormation | 0 | 1988 |
| ReasonableCauseExplanation/Explanation | 0 | MINNESOTA SELF INSURERS' SECURITY FUND'S FORM 990 WAS ORIGINALLY ELECTRONICALLY SUBMITTED TO THE IRS ON MAY 13, 2011, BUT WAS REJECTED BECAUSE THE NAME CONTROL DID NOT MATCH THE DATA IN THE E-FILE DATABASE; THEREFORE WE RESPECTFULLY REQUEST NO LATE FILING FEES OR PENALTIES BE ASSESSED BASED ON THE FACT THE RETURN WAS TIMELY FILED. |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 411634385 |
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| ReturnHeader/Filer/NameControl | 0 | MINN |
| ReturnHeader/Filer/Phone | 0 | 6126236729 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | w1432 1st national bank bldg332 |
| ReturnHeader/Filer/USAddress/AddressLine2 | 0 | MINNESOTA ST |
| ReturnHeader/Filer/USAddress/City | 0 | ST PAUL |
| ReturnHeader/Filer/USAddress/State | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 55101 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2011-06-01 |
| ReturnHeader/Officer/Name | 0 | janel wahl french |
| ReturnHeader/Officer/Phone | 0 | 6126236729 |
| ReturnHeader/Officer/Title | 0 | TREASURER |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | RSM McGladrey Inc |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 801 Nicollet Mall Suite 1100 |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | Minneapolis |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | MN |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 55402 |
| ReturnHeader/Preparer/Name | 0 | Collin F Buzzell |
| ReturnHeader/Preparer/Phone | 0 | 6125738750 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2009-07-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2010-06-30 |
| ReturnHeader/TaxYear | 0 | 2009 |
| ReturnHeader/Timestamp | 0 | 2011-06-02T08:21:05-05:00 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $14,515,490
- Liabilities
- $23,284,644
- Net assets
- -$8,769,154
- Revenue
- -
- Expenses
- $472,639
- Net income
- -