Civic Intelligence

Gundersen Lutheran Credit Union

990 • Fiscal year 2022 • EIN 23-7108910

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 22, 2023

1910 South AvenueLA Crosse, WI 54601

(608) 775-4715

Siviq Scores

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

Liabilities / Assets

41st percentile

0.88x

Higher debt load relative to assets than 41% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

27.75x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

37th percentile

11%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$161,868

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Asset Growth

31st percentile

-1.1%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$61,290,036

Down $656,901 (-1.1%) from 2021

Net Assets

Up

$7,052,284

Up $211,889 (+3.1%) from 2021

Liabilities

Down

$54,237,752

Down $868,790 (-1.6%) from 2021

Revenue

Up

$1,954,633

Up $196,992 (+11%) from 2021

Expenses

Up

$1,742,748

Up $198,493 (+13%) from 2021

Net Income

Down

$211,885

Down $1,501 (-0.7%) from 2021

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $33,190,671Liabilities 2010: $28,942,674Net Assets 2010: $4,247,9972010Assets 2011: $35,740,799Liabilities 2011: $31,116,666Net Assets 2011: $4,624,1332011Assets 2012: $39,796,204Liabilities 2012: $34,835,742Net Assets 2012: $4,960,4622012Assets 2014: $38,281,865Liabilities 2014: $32,873,254Net Assets 2014: $5,408,6112014Assets 2015: $40,703,275Liabilities 2015: $35,121,378Net Assets 2015: $5,581,8972015Assets 2016: $41,284,466Liabilities 2016: $35,599,022Net Assets 2016: $5,685,4442016Assets 2017: $43,614,960Liabilities 2017: $37,807,495Net Assets 2017: $5,807,4652017Assets 2018: $45,830,888Liabilities 2018: $39,661,462Net Assets 2018: $6,169,4262018Assets 2019: $50,620,221Liabilities 2019: $44,123,357Net Assets 2019: $6,496,8642019Assets 2020: $57,790,348Liabilities 2020: $51,163,340Net Assets 2020: $6,627,0082020Assets 2021: $61,946,937Liabilities 2021: $55,106,542Net Assets 2021: $6,840,3952021Assets 2022: $61,290,036Liabilities 2022: $54,237,752Net Assets 2022: $7,052,2842022Assets 2023: $60,501,430Liabilities 2023: $53,351,065Net Assets 2023: $7,150,3652023Assets 2024: $60,805,463Liabilities 2024: $53,422,539Net Assets 2024: $7,382,9242024

Highlighted filing

2022

Assets$61,290,036
Liabilities$54,237,752
Net Assets$7,052,284

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,422,2622010Expenses 2011: $1,311,6402011Expenses 2012: $1,248,5352012Revenue 2014: $1,317,424Expenses 2014: $1,126,703Net Income 2014: $190,7212014Revenue 2015: $1,331,057Expenses 2015: $1,157,771Net Income 2015: $173,2862015Revenue 2016: $1,408,376Expenses 2016: $1,304,829Net Income 2016: $103,5472016Revenue 2017: $1,505,629Expenses 2017: $1,384,817Net Income 2017: $120,8122017Revenue 2018: $1,661,300Expenses 2018: $1,299,339Net Income 2018: $361,9612018Revenue 2019: $1,791,868Expenses 2019: $1,464,430Net Income 2019: $327,4382019Revenue 2020: $1,722,655Expenses 2020: $1,592,511Net Income 2020: $130,1442020Revenue 2021: $1,757,641Expenses 2021: $1,544,255Net Income 2021: $213,3862021Revenue 2022: $1,954,633Expenses 2022: $1,742,748Net Income 2022: $211,8852022Revenue 2023: $2,447,733Expenses 2023: $2,345,326Net Income 2023: $102,4072023Revenue 2024: $2,756,445Expenses 2024: $2,523,891Net Income 2024: $232,5542024

Highlighted filing

2022

Revenue$1,954,633
Expenses$1,742,748
Net Income$211,885
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 22, 2023
Return Version
2022v5.0
Gross Receipts
$1,954,633
Mission and Program Overview

Mission

To function as a member-owned, not-for-profit financial cooperative for employees, retirees, and volunteers of gundersen health system, and its affiliates, and members of their immediate families.

To function as a member-owned, not-for-profit financial cooperative for employees, retirees, and volunteers of gundersen health systems, and its affiliates, and members of their immediate families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$36,660,923$44,395,245▲ $7,734,322
Savings and Temporary Cash Investments$23,294,236$15,059,924▼ $8,234,312
Rtn Earn Endowment Incm Other Fnds$6,361,567$6,573,456▲ $211,889
Investments Program Related$500,006$532,975▲ $32,969
Cap Stk Tr Prin Current Funds$478,828$478,828→ $0
Cash and Non-Interest-Bearing Accounts$667,938$380,281▼ $287,657
Land, Buildings, and Equipment, Net$175,682$151,820▼ $23,862
Prepaid Expenses and Deferred Charges$13,721$16,693▲ $2,972
Accounts Receivable$8,058$0▼ $8,058
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$61,946,937$61,290,036▼ $656,901
Other Assets Total$626,373$753,098▲ $126,725
Liabilities
Other Liabilities$54,921,705$53,837,157▼ $1,084,548
Accounts Payable and Accrued Expenses$184,837$400,595▲ $215,758
Total Liabilities$55,106,542$54,237,752▼ $868,790
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,840,395$7,052,284▲ $211,889
Total Liabilities and Net Assets / Fund Balance$61,946,937$61,290,036▼ $656,901

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$128,891$47,358$176,249
Equipment$22,929$149,710$172,639
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy YardleyPresident/CEOFT$135,941$25,927$161,868

Board Members and Trustees

NameTitle
Jon BingolChair
Elizabeth RitterVice Chair
Brady LoweDirector
Karl GoethelDirector
Lisa RaineyDirector
Loren CarrellSecretary
Paul FischTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,733,572
Investment Income
$221,061
Other Revenue
$0
Change in Net Assets
$211,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,050,633
Salaries, Compensation, and Employee Benefits$691,615
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$373,826
Office Expenses---$306,232
Current Officers, Directors, Trustees, and Key Employees---$135,941
Advertising---$118,836
Other Employee Benefits---$103,962
All Other Expenses---$78,541
Other Expenses---$40,185
Pension Plan Contributions---$39,711
Payroll Taxes---$38,175
Depreciation Depletion---$33,447
Fees for Services Accounting---$33,043
Information Technology---$21,700
Insurance---$20,619
Conferences and Meetings---$15,894
Occupancy---$12,500
Fees for Services Legal---$2,806
Grants to Domestic Orgs---$500
Interest---$418
Total Functional Expenses$0$0$0$1,742,748
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
Shares and Deposits$53,837,157
Governance and Compliance

Governance Checklist

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

The organization consists of classes of members or stockholders are owned and controlled by its members.

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

Members have the right to vote and nonimate individuals to serve on the board of directors.

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

Members approve annual meeting elections

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

Reviewed and approved by management; provided to board prior to filing.

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

The president monitors the policies.

Form 990, Part VI, Section B, Line 15

Compensation is determined by the persnnel committee, which is made up of members of the board of directors and is based on industry standards.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Gundersen Credit Union
EIN
23-7108910
Phone
6087754715
Address
1910 SOUTH AVENUE, LA CROSSE, WI 54601

Signing Officer

Name
Jeremy Yardley
Title
President/CEO
Phone
6087754715
Signed
2023-09-22
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeremy Yardley
Formed
1971
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
7

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Jeffery Danen
Phone
9203369850
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 4.

Raw XML Appendix390 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/PYTotalExpensesAmt01544255
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01757641
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0211885
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06573456
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023294236
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015059924
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0149710
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172639
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128891
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047358
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0176249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053837157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt053837157
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEREMY YARDLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0161868
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF CLASSES OF MEMBERS OR STOCKHOLDERS ARE OWNED AND CONTROLLED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE RIGHT TO VOTE AND NONIMATE INDIVIDUALS TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE ANNUAL MEETING ELECTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED AND APPROVED BY MANAGEMENT; PROVIDED TO BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT MONITORS THE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY THE PERSNNEL COMMITTEE, WHICH IS MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND IS BASED ON INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING 4.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt061290036
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt012
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IRS990/TotalProgramServiceExpensesAmt01742748
IRS990/TotalProgramServiceRevenueAmt01733572
IRS990/TotalReportableCompFromOrgAmt0135941
IRS990/TotalRevenueGrp/ExclusionAmt0221061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01721028
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01954633
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012544
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061946937
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt061290036
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GUNDERSENCU.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY YARDLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06087754715
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GUNDERSEN CREDIT UNION
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ReturnHeader/Filer/EIN0237108910
ReturnHeader/Filer/PhoneNum06087754715
ReturnHeader/Filer/USAddress/AddressLine1Txt01910 SOUTH AVENUE
ReturnHeader/Filer/USAddress/CityNm0LA CROSSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390912608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAWKINS ASH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 N BROADWAY SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREEN BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054303
ReturnHeader/PreparerPersonGrp/PhoneNum09203369850
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFERY DANEN
ReturnHeader/ReturnTs02023-09-25T14:20:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEREMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YARDLEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$53.4$7.38$2.76$2.52$0.23
2023Detailed filing. Detailed filing data is available for this year.$60.5$53.4$7.15$2.45$2.35$0.10
2022Detailed filing. Detailed filing data is available for this year.$61.3$54.2$7.05$1.95$1.74$0.21
2021Detailed filing. Detailed filing data is available for this year.$61.9$55.1$6.84$1.76$1.54$0.21
2020Detailed filing. Detailed filing data is available for this year.$57.8$51.2$6.63$1.72$1.59$0.13
2019Detailed filing. Detailed filing data is available for this year.$50.6$44.1$6.50$1.79$1.46$0.33
2018Detailed filing. Detailed filing data is available for this year.$45.8$39.7$6.17$1.66$1.30$0.36
2017Detailed filing. Detailed filing data is available for this year.$43.6$37.8$5.81$1.51$1.38$0.12
2016Detailed filing. Detailed filing data is available for this year.$41.3$35.6$5.69$1.41$1.30$0.10
2015Detailed filing. Detailed filing data is available for this year.$40.7$35.1$5.58$1.33$1.16$0.17
2014Detailed filing. Detailed filing data is available for this year.$38.3$32.9$5.41$1.32$1.13$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$34.8$4.96$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$31.1$4.62$1.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$28.9$4.25$1.42