Civic Intelligence

Wright County Hra Trust

990 • Fiscal year 2022 • EIN 47-6744911

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

3650 Braddock Ave NEBuffalo, MN 55313

(952) 203-3198

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

87th percentile

20%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

84th percentile

27%

Faster revenue growth than 84% of similar nonprofits.

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

Assets

Up

$1,700,204

Up $289,212 (+20%) from 2021

Net Assets

Up

$1,700,204

Up $289,212 (+20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$1,240,230

Up $267,116 (+27%) from 2021

Expenses

Up

$951,018

Up $188,077 (+25%) from 2021

Net Income

Up

$289,212

Up $79,039 (+38%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $82,236Net Assets 2015: $82,2362015Assets 2016: $185,454Liabilities 2016: $0Net Assets 2016: $185,4542016Assets 2017: $317,124Liabilities 2017: $0Net Assets 2017: $317,1242017Assets 2018: $564,899Liabilities 2018: $0Net Assets 2018: $564,8992018Assets 2019: $899,875Liabilities 2019: $0Net Assets 2019: $899,8752019Assets 2020: $1,188,625Liabilities 2020: $0Net Assets 2020: $1,188,6252020Assets 2021: $1,410,992Liabilities 2021: $0Net Assets 2021: $1,410,9922021Assets 2022: $1,700,204Liabilities 2022: $0Net Assets 2022: $1,700,2042022Assets 2023: $2,112,777Liabilities 2023: $0Net Assets 2023: $2,112,7772023Assets 2024: $2,486,517Liabilities 2024: $0Net Assets 2024: $2,486,5172024

Highlighted filing

2022

Assets$1,700,204
Liabilities$0
Net Assets$1,700,204

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2015: $146,773Expenses 2015: $64,537Net Income 2015: $82,2362015Revenue 2016: $223,860Expenses 2016: $120,617Net Income 2016: $103,2432016Revenue 2017: $352,506Expenses 2017: $221,027Net Income 2017: $131,4792017Revenue 2018: $617,003Expenses 2018: $367,823Net Income 2018: $249,1802018Revenue 2019: $833,929Expenses 2019: $503,905Net Income 2019: $330,0242019Revenue 2020: $869,755Expenses 2020: $592,001Net Income 2020: $277,7542020Revenue 2021: $973,114Expenses 2021: $762,941Net Income 2021: $210,1732021Revenue 2022: $1,240,230Expenses 2022: $951,018Net Income 2022: $289,2122022Revenue 2023: $1,283,361Expenses 2023: $870,788Net Income 2023: $412,5732023Revenue 2024: $1,473,685Expenses 2024: $1,099,945Net Income 2024: $373,7402024

Highlighted filing

2022

Revenue$1,240,230
Expenses$951,018
Net Income$289,212
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$1,240,230
Mission and Program Overview

Mission

To fund reimbursement of medical expenses under a health reimbursement arrangement.

To fund reimbursement of medical expenses under a health reimbursement arrangement (hra).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,410,992$1,700,204▲ $289,212
Cash and Non-Interest-Bearing Accounts$1,277,032$1,566,244▲ $289,212
Investments in Publicly Traded Securities$133,960$133,960→ $0
Total Assets$1,410,992$1,700,204▲ $289,212
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,410,992$1,700,204▲ $289,212
Total Liabilities and Net Assets / Fund Balance$1,410,992$1,700,204▲ $289,212
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matrix Trust CompanyTrustee
Lindsey MeyerOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,047,424
Investment Income
$192,806
Other Revenue
$0
Change in Net Assets
$289,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,307
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---$938,711
Fees for Service Investment Mgmnt Fees---$12,307
Total Functional Expenses$0$0$0$951,018
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
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The participants of the health reimbursement arrangement (hra) funded by the organization are members of the organization.

Form 990, Page 6, Part VI, Line 7B

The participants of the hra are members of the organization, and they direct the investments of their accounts under the hra.

Form 990, Page 6, Part VI, Line 11B

The plan administrator, on behalf of the trustee, revies the form 990 based upon the financial records for the organization and executes it.

Form 990, Page 6, Part VI, Line 19

The organization makes governing documents and financial statements available to the public upon written request of the organization. The information is then mailed to the requesting party.

Filing and Contact Details

Filer

Filer Name
Wright County Hra Trust
EIN
47-6744911
Phone
9522033198
Address
3650 BRADDOCK AVE NE, BUFFALO, MN 55313

Signing Officer

Name
Lindsey Meyer
Title
Officer
Phone
9522033198
Signed
2023-11-08

Organization Details

Principal Officer
Lindsey Meyer
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Althoff & Nordquist LLC
Address
1300 NORTHRIDGE UNIT 1, PINE CITY, MN 55063
Preparer
Carl D Nordquist Jr
Phone
3206296185
Raw XML Appendix209 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/IndoorTanningServicesInd0false
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt0133960
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARTICIPANTS OF THE HEALTH REIMBURSEMENT ARRANGEMENT (HRA) FUNDED BY THE ORGANIZATION ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PARTICIPANTS OF THE HRA ARE MEMBERS OF THE ORGANIZATION, AND THEY DIRECT THE INVESTMENTS OF THEIR ACCOUNTS UNDER THE HRA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN ADMINISTRATOR, ON BEHALF OF THE TRUSTEE, REVIES THE FORM 990 BASED UPON THE FINANCIAL RECORDS FOR THE ORGANIZATION AND EXECUTES IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST OF THE ORGANIZATION. THE INFORMATION IS THEN MAILED TO THE REQUESTING PARTY.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09522033198
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
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ReturnHeader/Filer/EIN0476744911
ReturnHeader/Filer/PhoneNum09522033198
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL D NORDQUIST JR
ReturnHeader/ReturnTs02023-11-15T09:36:29-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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