Civic Intelligence

Midwest Construction & Distribution

990 • Fiscal year 2022 • EIN 41-6175413

May 01, 2021 to Apr 30, 2022 • Filed on Feb 24, 2023

Organization Profile

View Organization Page

2919 Eagandale Blvd Ste 120Eagan, MN 55121

(651) 686-0108

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.03x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.07x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Net Margin

25th percentile

-7.9%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

57th percentile

-1.4%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-13%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$4,510,406

Down $61,769 (-1.4%) from 2021

Net Assets

Down

$4,365,904

Down $154,791 (-3.4%) from 2021

Liabilities

Up

$144,502

Up $93,022 (+181%) from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin25th percentile

Revenue

Down

$1,947,839

Down $302,661 (-13%) from 2021

Expenses

Up

$2,102,630

Up $137,986 (+7.0%) from 2021

Net Income

Down

-$154,791

Down $440,647 (-154%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $342,096Liabilities 2010: $95,774Net Assets 2010: $246,3222010Assets 2011: $387,729Liabilities 2011: $41,247Net Assets 2011: $346,4822011Assets 2012: $137,656Liabilities 2012: $121,774Net Assets 2012: $15,8822012Assets 2013: $634,150Liabilities 2013: $152,045Net Assets 2013: $482,1052013Assets 2014: $1,570,762Liabilities 2014: $40,967Net Assets 2014: $1,529,7952014Assets 2015: $1,734,765Liabilities 2015: $77,199Net Assets 2015: $1,657,5662015Assets 2016: $2,459,028Liabilities 2016: $40,588Net Assets 2016: $2,418,4402016Assets 2017: $2,948,939Liabilities 2017: $24,680Net Assets 2017: $2,924,2592017Assets 2018: $3,398,255Liabilities 2018: $125,033Net Assets 2018: $3,273,2222018Assets 2019: $3,629,355Liabilities 2019: $107,457Net Assets 2019: $3,521,8982019Assets 2020: $4,431,350Liabilities 2020: $196,511Net Assets 2020: $4,234,8392020Assets 2021: $4,572,175Liabilities 2021: $51,480Net Assets 2021: $4,520,6952021Assets 2022: $4,510,406Liabilities 2022: $144,502Net Assets 2022: $4,365,9042022Assets 2023: $4,443,436Liabilities 2023: $65,417Net Assets 2023: $4,378,0192023Assets 2024: $4,299,299Liabilities 2024: $20,366Net Assets 2024: $4,278,9332024Assets 2025: $4,415,301Liabilities 2025: $39,149Net Assets 2025: $4,376,1522025

Highlighted filing

2022

Assets$4,510,406
Liabilities$144,502
Net Assets$4,365,904
Open 2022 Filing

Operations Trend

Revenue Growth28th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,642,2912010Revenue 2011: $2,488,011Expenses 2011: $2,387,851Net Income 2011: $100,1602011Expenses 2012: $3,045,1782012Expenses 2013: $2,753,1412013Revenue 2014: $3,777,408Expenses 2014: $2,729,718Net Income 2014: $1,047,6902014Revenue 2015: $2,170,937Expenses 2015: $2,043,166Net Income 2015: $127,7712015Revenue 2016: $2,506,933Expenses 2016: $1,746,059Net Income 2016: $760,8742016Revenue 2017: $2,295,885Expenses 2017: $1,790,066Net Income 2017: $505,8192017Revenue 2018: $2,211,781Expenses 2018: $1,862,818Net Income 2018: $348,9632018Revenue 2019: $2,395,966Expenses 2019: $2,147,290Net Income 2019: $248,6762019Revenue 2020: $2,340,213Expenses 2020: $1,627,272Net Income 2020: $712,9412020Revenue 2021: $2,250,500Expenses 2021: $1,964,644Net Income 2021: $285,8562021Revenue 2022: $1,947,839Expenses 2022: $2,102,630Net Income 2022: -$154,7912022Revenue 2023: $2,015,638Expenses 2023: $2,003,523Net Income 2023: $12,1152023Revenue 2024: $1,916,204Expenses 2024: $2,015,290Net Income 2024: -$99,0862024Revenue 2025: $1,881,436Expenses 2025: $1,784,217Net Income 2025: $97,2192025

Highlighted filing

2022

Revenue$1,947,839
Expenses$2,102,630
Net Income-$154,791
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Feb 24, 2023
Return Version
2021v4.2
Gross Receipts
$1,947,839
Mission and Program Overview

Mission

Provide health and welfare benefits for eligible employees of participating employers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,513,442$4,452,167▼ $61,275
Accounts Receivable$58,733$58,239▼ $494
Total Assets$4,572,175$4,510,406▼ $61,769
Liabilities
Accounts Payable and Accrued Expenses$51,480$144,502▲ $93,022
Total Liabilities$51,480$144,502▲ $93,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,520,695$4,365,904▼ $154,791
Total Net Assets Fund Balance$4,520,695$4,365,904▼ $154,791
Total Liabilities and Net Assets / Fund Balance$4,572,175$4,510,406▼ $61,769
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Greg SkagerbergChairman
Keri HansonTrustee
William WeberTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,922,629
Investment Income
$25,210
Other Revenue
$0
Change in Net Assets
$-154,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,947,839
Total Revenue per Audited Statements
$1,947,839
Total Revenue per Form 990
$1,947,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,967,413--$1,967,413
Fees for Services Accounting$16,020--$16,020
Fees for Services Legal$2,739--$2,739
Other Expenses$678--$678
Total Functional Expenses$2,102,630$0$0$2,102,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,102,630
Total Expenses per Audited Statements$2,102,630
Total Expenses per Form 990$2,102,630
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
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
No
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 governing body review Part VI line 11

“Copies of form 990 provided to members of governing body for review prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“The conflict of interest policy requires that trustees discuss with other trustees and Fund counsel situations which present the potential for affecting the ability to make unbiased and objective decisions. If it is determined that a conflict does exist, trustee refrains from participating in the decision.”

Governing documents etc available to public Part VI line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Midwest Construction & Distribution
EIN
41-6175413
Address
2919 EAGANDALE BLVD STE 120, EAGAN, MN 55121
Doing Business As
Industry Benefit Trust

Signing Officer

Name
Greg Skagerberg
Title
Chairman
Signed
2023-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Skagerberg
Formed
1970
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Betts & Hayes Ltd
Address
801 Meander Court, Medina, MN 55340
Preparer
Cindy K Hayes CPA
Phone
7634783169
Raw XML Appendix279 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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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PhoneNum07634783169
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cindy K Hayes CPA
ReturnHeader/ReturnTs02023-03-01T21:31:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Greg
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Skagerberg
ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02022-04-30
ReturnHeader/TaxYr02021

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,510,406
Liabilities
$144,502
Net assets
$4,365,904
Revenue
$1,947,839
Expenses
$2,102,630
Net income
-$154,791
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.42$0.04$4.38$1.88$1.78$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$0.02$4.28$1.92$2.02$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.07$4.38$2.02$2.00$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.51$0.14$4.37$1.95$2.10$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.05$4.52$2.25$1.96$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.43$0.20$4.23$2.34$1.63$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$0.11$3.52$2.40$2.15$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.13$3.27$2.21$1.86$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.02$2.92$2.30$1.79$0.51
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.04$2.42$2.51$1.75$0.76
2015Detailed filing. Detailed filing data is available for this year.$1.73$0.08$1.66$2.17$2.04$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.04$1.53$3.78$2.73$1.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.15$0.48$2.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.12$0.02$3.05
2011Summary only. Only limited summary data is available for this year.$0.39$0.04$0.35$2.49$2.39$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.10$0.25$2.64