Civic Intelligence

Three Rivers Credit Union

990 • Fiscal year 2017 • EIN 23-7449651

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

PO Box 160Bainbridge, GA 39818

(229) 243-8131

Siviq Scores

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

Liabilities / Assets

61st percentile

0.88x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

12.73x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

15th percentile

-1.9%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

27th percentile

$56,815

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

2nd percentile

-8.4%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-1.5%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$14,270,042

Down $1,300,510 (-8.4%) from 2016

Net Assets

Down

$1,711,011

Down $16,103 (-0.9%) from 2016

Liabilities

Down

$12,559,031

Down $1,284,407 (-9.3%) from 2016

Revenue

Down

$986,550

Down $14,758 (-1.5%) from 2016

Expenses

Down

$1,005,114

Down $144,949 (-13%) from 2016

Net Income

Up

-$18,564

Up $130,191 (+88%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $9,692,835Liabilities 2010: $8,147,920Net Assets 2010: $1,544,9152010Assets 2011: $10,369,057Liabilities 2011: $8,768,764Net Assets 2011: $1,600,2932011Assets 2012: $12,200,433Liabilities 2012: $10,513,002Net Assets 2012: $1,687,4312012Assets 2013: $13,524,260Liabilities 2013: $11,739,755Net Assets 2013: $1,784,5052013Assets 2014: $14,472,269Liabilities 2014: $12,614,653Net Assets 2014: $1,857,6162014Assets 2015: $15,365,444Liabilities 2015: $13,492,600Net Assets 2015: $1,872,8442015Assets 2016: $15,570,552Liabilities 2016: $13,843,438Net Assets 2016: $1,727,1142016Assets 2017: $14,270,042Liabilities 2017: $12,559,031Net Assets 2017: $1,711,0112017Assets 2018: $13,836,973Liabilities 2018: $12,256,366Net Assets 2018: $1,580,6072018Assets 2019: $10,933,318Liabilities 2019: $9,403,948Net Assets 2019: $1,529,3702019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$14,270,042
Liabilities$12,559,031
Net Assets$1,711,011

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $810,9602010Expenses 2011: $899,3192011Expenses 2012: $943,3922012Revenue 2013: $1,034,362Expenses 2013: $937,288Net Income 2013: $97,0742013Revenue 2014: $1,040,557Expenses 2014: $967,446Net Income 2014: $73,1112014Revenue 2015: $994,671Expenses 2015: $979,445Net Income 2015: $15,2262015Revenue 2016: $1,001,308Expenses 2016: $1,150,063Net Income 2016: -$148,7552016Revenue 2017: $986,550Expenses 2017: $1,005,114Net Income 2017: -$18,5642017Revenue 2018: $1,031,936Expenses 2018: $1,154,138Net Income 2018: -$122,2022018Revenue 2019: $799,394Expenses 2019: $844,467Net Income 2019: -$45,0732019Revenue 2020: $374,565Expenses 2020: $612,093Net Income 2020: -$237,5282020

Highlighted filing

2017

Revenue$986,550
Expenses$1,005,114
Net Income-$18,564
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.3
Gross Receipts
$986,550
Mission and Program Overview

Mission

Provide financial service to the members.

Provide financial service to the members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,213,207$6,583,756▼ $629,451
Investments Other Securities$4,894,000$4,139,000▼ $755,000
Cash and Non-Interest-Bearing Accounts$1,247,000$1,847,000▲ $600,000
Rtn Earn Endowment Incm Other Fnds$1,727,114$1,711,011▼ $16,103
Savings and Temporary Cash Investments$840,931$701,981▼ $138,950
Land, Buildings, and Equipment, Net$728,679$697,839▼ $30,840
Investments Program Related$134,224$136,261▲ $2,037
Receivables From Officers Etc$113,297$99,173▼ $14,124
Prepaid Expenses and Deferred Charges$25,401$29,159▲ $3,758
Accounts Receivable$325,176$2,889▼ $322,287
Total Assets$15,570,552$14,270,042▼ $1,300,510
Other Assets Total$48,637$32,984▼ $15,653
Liabilities
Other Liabilities$13,626,113$12,324,361▼ $1,301,752
Accounts Payable and Accrued Expenses$217,325$234,670▲ $17,345
Total Liabilities$13,843,438$12,559,031▼ $1,284,407
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,727,114$1,711,011▼ $16,103
Total Liabilities and Net Assets / Fund Balance$15,570,552$14,270,042▼ $1,300,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$350,340$170,907-
Land$298,626--
Equipment$48,873$445,263-
Leasehold Improvements-$9,259-
Other Securities$4,139,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wanda a MillerManagerFT$56,815$56,815

Board Members and Trustees

NameTitle
Seymour M PeltonChairperson
Frank GodwinBoard Member
Teresa RobertsBoard Treasu
Carol SmithCredit Comm.
Dianne HaireSupervisory
Leanne GuestSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$492,782
Investment Income
$118,973
Other Revenue
$374,795
Change in Net Assets
$-18,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$740,250
Salaries, Compensation, and Employee Benefits$264,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$302,106--$302,106
Other Salaries and Wages-$200,752-$200,752
Interest$88,855--$88,855
Occupancy$72,766--$72,766
Other Employee Benefits-$46,855-$46,855
Insurance$19,960--$19,960
Payroll Taxes-$17,257-$17,257
Depreciation Depletion$14,475--$14,475
Fees for Services Legal$9,500--$9,500
All Other Expenses$8,506--$8,506
Other Expenses$8,430--$8,430
Advertising-$7,819-$7,819
Conferences and Meetings$400--$400
Total Functional Expenses$732,431$272,683$0$1,005,114
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$113,297$99,173▼ $14,124
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares and Deposits$10,579,296
Share Draft Accounts$1,745,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Directors are elected by the membership

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

BOARD REVIEW

Form 990, Page 6, Part VI, Line 15A

Salary are set and approved by the board

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Three Rivers Credit Union
EIN
23-7449651
Phone
2292438131
Address
PO BOX 160, BAINBRIDGE, GA 39818

Signing Officer

Name
Wanda a Miller
Title
Manager
Phone
2292438131
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda a Miller
Formed
1992
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Sanders Holloway & Ryan
Address
2878 MAHAN DRIVE, TALLAHASSEE, FL 32308
Preparer
T E Joe Sanders
Phone
8502221608
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of three rivers credit union is to safeguard and manage effectively the assets entrusted to the credit union by its member-owners; to better the economic well-being of our member-owners by delivering convenient, personalized products and services of exceptional value; and to uphold the credit union philosophy of people helping people.

Form 990, Page 2, Part III, Line 4D

TOTAL PROGRAM EXPENSES

Form 990, Part XI, Line 9

OTHER INCREASES 2,461

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt225000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt36500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt49000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt52500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt67940
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt73300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MILLER WANDA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MILLER WANDA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2GODWIN FRANK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3HAIRE DIANNE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4GUEST LEANNE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5HAIRE DIANE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6MILLER WANDA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7SMITH CAROL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THREE RIVERS CREDIT UNION IS TO SAFEGUARD AND MANAGE EFFECTIVELY THE ASSETS ENTRUSTED TO THE CREDIT UNION BY ITS MEMBER-OWNERS; TO BETTER THE ECONOMIC WELL-BEING OF OUR MEMBER-OWNERS BY DELIVERING CONVENIENT, PERSONALIZED PRODUCTS AND SERVICES OF EXCEPTIONAL VALUE; AND TO UPHOLD THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOTAL PROGRAM EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY ARE SET AND APPROVED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER INCREASES 2,461
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt014270042
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IRS990/TotalAssetsGrp/EOYAmt014270042
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0732431
IRS990/TotalFunctionalExpensesGrp/TotalAmt01005114
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013843438
IRS990/TotalLiabilitiesEOYAmt012559031
IRS990/TotalLiabilitiesGrp/BOYAmt013843438
IRS990/TotalLiabilitiesGrp/EOYAmt012559031
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01711011
IRS990/TotalProgramServiceRevenueAmt0492782
IRS990/TotalReportableCompFromOrgAmt056815
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0986550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0986550
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 160
IRS990/USAddress/CityNm0BAINBRIDGE
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd039818
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THREERIVERSCU.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WANDA A MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02292438131
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THREE RIVERS CREDIT UNION

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