Civic Intelligence

Bloomington Fire Dept Relief Assoc

990 • Fiscal year 2023 • EIN 41-6026092

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 06, 2024

10 W 95th StreetBloomington, MN 55420

(952) 921-3868

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.26x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Net Margin

3rd percentile

-223%

Higher net margin than 3% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$25,782

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2023 filings • $100M-$250M nonprofits • Source year 2023

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

282%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$218,391,530

Up $20,895,942 (+11%) from 2022

Net Assets

Up

$217,761,798

Up $20,873,264 (+11%) from 2022

Liabilities

Up

$629,732

Up $22,678 (+3.7%) from 2022

Revenue

Up

$2,443,850

Up $1,803,483 (+282%) from 2022

Expenses

Up

$7,881,548

Up $449,261 (+6.0%) from 2022

Net Income

Up

-$5,437,698

Up $1,354,222 (+20%) from 2022

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $111,570,041Liabilities 2010: $316,574Net Assets 2010: $111,253,4672010Assets 2011: $111,343,584Liabilities 2011: $338,918Net Assets 2011: $111,004,6662011Assets 2012: $123,079,646Liabilities 2012: $368,873Net Assets 2012: $122,710,7732012Assets 2013: $144,164,511Liabilities 2013: $372,438Net Assets 2013: $143,792,0732013Assets 2014: $152,693,841Liabilities 2014: $389,313Net Assets 2014: $152,304,5282014Assets 2015: $148,427,794Liabilities 2015: $406,583Net Assets 2015: $148,021,2112015Assets 2016: $155,909,468Liabilities 2016: $436,965Net Assets 2016: $155,472,5032016Assets 2017: $176,499,759Liabilities 2017: $460,628Net Assets 2017: $176,039,1312017Assets 2018: $165,499,424Liabilities 2018: $482,449Net Assets 2018: $165,016,9752018Assets 2019: $190,738,347Liabilities 2019: $508,325Net Assets 2019: $190,230,0222019Assets 2020: $215,283,341Liabilities 2020: $526,131Net Assets 2020: $214,757,2102020Assets 2021: $232,958,122Liabilities 2021: $588,607Net Assets 2021: $232,369,5152021Assets 2022: $197,495,588Liabilities 2022: $607,054Net Assets 2022: $196,888,5342022Assets 2023: $218,391,530Liabilities 2023: $629,732Net Assets 2023: $217,761,7982023Assets 2024: $234,289,157Liabilities 2024: $662,764Net Assets 2024: $233,626,3932024

Highlighted filing

2023

Assets$218,391,530
Liabilities$629,732
Net Assets$217,761,798

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $3,986,3572010Expenses 2011: $4,234,1192011Expenses 2012: $4,436,4142012Revenue 2013: $10,480,279Expenses 2013: $4,659,234Net Income 2013: $5,821,0452013Revenue 2014: $4,265,176Expenses 2014: $4,801,425Net Income 2014: -$536,2492014Revenue 2015: $3,013,004Expenses 2015: $5,128,237Net Income 2015: -$2,115,2332015Revenue 2016: $3,563,822Expenses 2016: $5,310,338Net Income 2016: -$1,746,5162016Revenue 2017: $4,120,370Expenses 2017: $5,695,556Net Income 2017: -$1,575,1862017Revenue 2018: $2,398,093Expenses 2018: $6,048,259Net Income 2018: -$3,650,1662018Revenue 2019: $3,278,464Expenses 2019: $6,258,565Net Income 2019: -$2,980,1012019Revenue 2020: $6,054,699Expenses 2020: $6,579,086Net Income 2020: -$524,3872020Revenue 2021: $17,691,264Expenses 2021: $7,036,088Net Income 2021: $10,655,1762021Revenue 2022: $640,367Expenses 2022: $7,432,287Net Income 2022: -$6,791,9202022Revenue 2023: $2,443,850Expenses 2023: $7,881,548Net Income 2023: -$5,437,6982023Revenue 2024: $3,721,269Expenses 2024: $8,708,711Net Income 2024: -$4,987,4422024

Highlighted filing

2023

Revenue$2,443,850
Expenses$7,881,548
Net Income-$5,437,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 6, 2024
Return Version
2023v5.1
Gross Receipts
$18,565,835
Mission and Program Overview

Mission

GOVERNMENT PENSION PLAN

GOVERNMENT PENSION PLAN.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$162,097,584$182,494,304▲ $20,396,720
Investments in Publicly Traded Securities$35,374,538$35,849,389▲ $474,851
Cash and Non-Interest-Bearing Accounts$10,070$37,975▲ $27,905
Accounts Receivable$13,396$9,862▼ $3,534
Total Assets$197,495,588$218,391,530▲ $20,895,942
Liabilities
Accounts Payable and Accrued Expenses$607,054$629,732▲ $22,678
Total Liabilities$607,054$629,732▲ $22,678
Net Assets / Fund Balance
Net Assets With Donor Restrictions$196,688,096$217,564,624▲ $20,876,528
Net Assets Without Donor Restrictions$200,438$197,174▼ $3,264
Total Net Assets Fund Balance$196,888,534$217,761,798▲ $20,873,264
Total Liabilities and Net Assets / Fund Balance$197,495,588$218,391,530▲ $20,895,942

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$182,494,304--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-CustodianPT-$25,782$25,782
Chris MorrisonSectretaryPT$22,148-$22,148
Dave MaltonTreasurerPT$22,148-$22,148
Paul GoodwinPresident-$11,073-$11,073

Board Members and Trustees

NameTitle
Dennis ZwaschkaVice President
Dwayne LowmanMunicipal Trustee
Lori Economy-schollerMunicipal Trustee
Ulysses SealMunicipal Trustee
Chad FordTrustee
John BayardTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$820,405
Program Service Revenue
$0
Investment Income
$1,623,445
Other Revenue
$0
Change in Net Assets
$-5,437,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,215,229
Revenue Not Reported on Financial Statements
$228,621
Revenue Not Reported on Form 990
$26,310,962
Total Revenue per Audited Statements
$28,526,191
Total Revenue per Form 990
$2,443,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$324,453
Salaries, Compensation, and Employee Benefits$59,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$7,497,490--$7,497,490
Fees for Service Investment Mgmnt Fees-$228,621-$228,621
Current Officers, Directors, Trustees, and Key Employees-$55,369-$55,369
Fees for Services Accounting-$37,382-$37,382
Fees for Services Other-$23,000-$23,000
Conferences and Meetings-$22,774-$22,774
Advertising-$7,204-$7,204
Payroll Taxes-$4,236-$4,236
All Other Expenses-$2,900-$2,900
Other Expenses-$1,661-$1,661
Insurance-$911-$911
Total Functional Expenses$7,497,490$384,058$0$7,881,548

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,881,548
Expenses per Audited Statements$7,652,927
Total Expenses per Audited Statements$7,652,927
Expenses Not Reported on Financial Statements$228,621
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
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 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
Yes
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

Active and retired firefighters of the city of bloomington are members of the association.

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

The active and retired members of the association elect six of the nine trustees for three-year terms.

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

Amendments to the association's bylaws must be approved by the membership.

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

The return is prepared by an independent accounting firm. Once a draft is available, a review is completed by the officers before filing.

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

Pursuant to mn statutes, each trustee of the association, upon election or appointment, must file a statement of economic interest disclosing any reasonably foreseeable potential and actual conflicts of interest. Subsequently, on an annual basis, the trustee must disclose any changes from the original statement. The association's legal compliance relating to conflict of interest is reviewed annually by an independent auditor.

Form 990, Part VI, Section B, Line 15B

The bylaws of the association provide for the members to annually set the officers' rate of pay.

Form 990, Part VI, Section C, Line 19

The association makes documents available by providing copies on request or by inspection at the association's office subject to the data privacy act.

Filing and Contact Details

Filer

Filer Name
Bloomington Fire Dept Relief Assoc
EIN
41-6026092
Phone
9529213868
Address
10 W 95TH STREET, BLOOMINGTON, MN 55420

Signing Officer

Name
Dave Malton
Title
Treasurer
Phone
9529213868
Signed
2024-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Malton
Formed
1947
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
6
Employees
9
Volunteers
0

Preparer

Firm
Redpath and Company LLC
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Cathy Lydon CPA
Phone
6514267000
Raw XML Appendix362 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/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0228621
IRS990ScheduleD/ExpensesSubtotalAmt07652927
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0228621
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0228621
IRS990ScheduleD/NetUnrealizedGainsInvstAmt026310962
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0182494304
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MN STATE BOARD OF INVESTMENT POOL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt026310962
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0228621
IRS990ScheduleD/RevenueSubtotalAmt02215229
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0182494304
IRS990ScheduleD/TotalExpensesPerForm990Amt07881548
IRS990ScheduleD/TotalRevenuePerForm990Amt02443850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028526191
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07652927
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVE AND RETIRED FIREFIGHTERS OF THE CITY OF BLOOMINGTON ARE MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACTIVE AND RETIRED MEMBERS OF THE ASSOCIATION ELECT SIX OF THE NINE TRUSTEES FOR THREE-YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMENDMENTS TO THE ASSOCIATION'S BYLAWS MUST BE APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE A DRAFT IS AVAILABLE, A REVIEW IS COMPLETED BY THE OFFICERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PURSUANT TO MN STATUTES, EACH TRUSTEE OF THE ASSOCIATION, UPON ELECTION OR APPOINTMENT, MUST FILE A STATEMENT OF ECONOMIC INTEREST DISCLOSING ANY REASONABLY FORESEEABLE POTENTIAL AND ACTUAL CONFLICTS OF INTEREST. SUBSEQUENTLY, ON AN ANNUAL BASIS, THE TRUSTEE MUST DISCLOSE ANY CHANGES FROM THE ORIGINAL STATEMENT. THE ASSOCIATION'S LEGAL COMPLIANCE RELATING TO CONFLICT OF INTEREST IS REVIEWED ANNUALLY BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BYLAWS OF THE ASSOCIATION PROVIDE FOR THE MEMBERS TO ANNUALLY SET THE OFFICERS' RATE OF PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION MAKES DOCUMENTS AVAILABLE BY PROVIDING COPIES ON REQUEST OR BY INSPECTION AT THE ASSOCIATION'S OFFICE SUBJECT TO THE DATA PRIVACY ACT.
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 B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0197495588
IRS990/TotalAssetsEOYAmt0218391530
IRS990/TotalAssetsGrp/BOYAmt0197495588
IRS990/TotalAssetsGrp/EOYAmt0218391530
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0820405
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0384058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07497490
IRS990/TotalFunctionalExpensesGrp/TotalAmt07881548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0607054
IRS990/TotalLiabilitiesEOYAmt0629732
IRS990/TotalLiabilitiesGrp/BOYAmt0607054
IRS990/TotalLiabilitiesGrp/EOYAmt0629732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0196888534
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0217761798
IRS990/TotalOtherCompensationAmt025782
IRS990/TotalProgramServiceExpensesAmt07497490
IRS990/TotalReportableCompFromOrgAmt055369
IRS990/TotalRevenueGrp/ExclusionAmt01623445
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02443850
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197495588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218391530
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 W 95TH STREET
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055420
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE MALTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09529213868
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMINGTON FIRE DEPT RELIEF ASSOC
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0416026092
ReturnHeader/Filer/PhoneNum09529213868
ReturnHeader/Filer/USAddress/AddressLine1Txt010 W 95TH STREET
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055420
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920370318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDPATH AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04810 WHITE BEAR PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WHITE BEAR LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055110
ReturnHeader/PreparerPersonGrp/PhoneNum06514267000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHY LYDON CPA
ReturnHeader/ReturnTs02024-08-12T13:56:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$234$0.66$234$3.72$8.71$4.99
2023Detailed filing. Detailed filing data is available for this year.$218$0.63$218$2.44$7.88$5.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$197$0.61$197$0.64$7.43$6.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$233$0.59$232$17.7$7.04$10.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$215$0.53$215$6.05$6.58$0.52
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$0.51$190$3.28$6.26$2.98
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$165$0.48$165$2.40$6.05$3.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$0.46$176$4.12$5.70$1.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$156$0.44$155$3.56$5.31$1.75
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$148$0.41$148$3.01$5.13$2.12
2014Detailed filing. Detailed filing data is available for this year.$153$0.39$152$4.27$4.80$0.54
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$144$0.37$144$10.5$4.66$5.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$0.37$123$4.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$0.34$111$4.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$0.32$111$3.99