Civic Intelligence

0859 Atrium Credit Union Inc

990 • Fiscal year 2016 • EIN 31-0622088

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

6051 Market Street Suite CFranklin, OH 45005

(513) 420-5179

Siviq Scores

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

Liabilities / Assets

58th percentile

0.87x

Higher debt load relative to assets than 58% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

16.77x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Net Margin

34th percentile

2.0%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$56,169

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$8,291,700

No earlier filing loaded for comparison.

Net Assets

$1,066,457

No earlier filing loaded for comparison.

Liabilities

$7,225,243

No earlier filing loaded for comparison.

Revenue

$430,827

No earlier filing loaded for comparison.

Expenses

$422,249

No earlier filing loaded for comparison.

Net Income

$8,578

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $8,291,700Liabilities 2016: $7,225,243Net Assets 2016: $1,066,4572016Assets 2017: $8,990,920Liabilities 2017: $7,903,869Net Assets 2017: $1,087,0512017Assets 2018: $8,949,478Liabilities 2018: $7,827,375Net Assets 2018: $1,122,1032018Assets 2019: $8,869,550Liabilities 2019: $7,717,968Net Assets 2019: $1,151,5822019Assets 2020: $10,437,573Liabilities 2020: $9,327,194Net Assets 2020: $1,110,3792020Assets 2021: $11,412,128Liabilities 2021: $10,371,558Net Assets 2021: $1,040,5702021Assets 2022: $11,733,536Liabilities 2022: $10,670,211Net Assets 2022: $1,063,3252022Assets 2023: $10,881,882Liabilities 2023: $9,726,171Net Assets 2023: $1,155,7112023Assets 2024: $11,095,594Liabilities 2024: $9,857,491Net Assets 2024: $1,238,1032024

Highlighted filing

2016

Assets$8,291,700
Liabilities$7,225,243
Net Assets$1,066,457

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $430,827Expenses 2016: $422,249Net Income 2016: $8,5782016Revenue 2017: $432,626Expenses 2017: $412,032Net Income 2017: $20,5942017Revenue 2018: $462,236Expenses 2018: $427,184Net Income 2018: $35,0522018Revenue 2019: $475,230Expenses 2019: $445,751Net Income 2019: $29,4792019Revenue 2020: $390,735Expenses 2020: $431,938Net Income 2020: -$41,2032020Revenue 2021: $377,484Expenses 2021: $447,293Net Income 2021: -$69,8092021Revenue 2022: $517,509Expenses 2022: $494,754Net Income 2022: $22,7552022Revenue 2023: $573,306Expenses 2023: $480,920Net Income 2023: $92,3862023Revenue 2024: $594,293Expenses 2024: $511,901Net Income 2024: $82,3922024

Highlighted filing

2016

Revenue$430,827
Expenses$422,249
Net Income$8,578
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$430,827
Mission and Program Overview

Mission

To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as owners.

Atrium Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services to the member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,168,965$4,211,138▲ $42,173
Investments Program Related$0$3,243,452▲ $3,243,452
Rtn Earn Endowment Incm Other Fnds$1,057,879$1,066,457▲ $8,578
Savings and Temporary Cash Investments$3,489,803$639,284▼ $2,850,519
Cash and Non-Interest-Bearing Accounts$417,116$96,410▼ $320,706
Land, Buildings, and Equipment, Net$15,541$15,507▼ $34
Prepaid Expenses and Deferred Charges$12,737$6,788▼ $5,949
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,180,072$8,291,700▲ $111,628
Other Assets Total$75,910$79,121▲ $3,211
Liabilities
Other Liabilities$7,067,032$7,177,547▲ $110,515
Accounts Payable and Accrued Expenses$55,161$47,696▼ $7,465
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,122,193$7,225,243▲ $103,050
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,057,879$1,066,457▲ $8,578
Total Liabilities and Net Assets / Fund Balance$8,180,072$8,291,700▲ $111,628

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,507$402,652$418,159
Investment Program Related Org$109,452--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia CottongimChief Executive OfficerFT$54,269$1,900$56,169
Lisa CollinsFormer CEO/ConsultantFT$48,795$6,500$55,295

Board Members and Trustees

NameTitle
Amy NewlandChairperson of Board
Donna BanksVice Chairperson of Board
Carolyn FogertyDirector
Doug KoenigDirector
Greg HellmannDirector
Greg NeumannDirector
Linda HowardDirector
Marquita TurnerDirector
Sandra SnowdenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$403,875
Investment Income
$26,952
Other Revenue
$0
Change in Net Assets
$8,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,766
Other Expenses$168,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,268$17,943$0$108,211
Current Officers, Directors, Trustees, and Key Employees$51,532$51,532$0$103,064
Other Employee Benefits$18,763$2,655$0$21,418
Information Technology$19,170$0$0$19,170
Payroll Taxes$12,097$4,886$0$16,983
Occupancy$9,600$2,400$0$12,000
Interest$10,128$0$0$10,128
Insurance$8,570$0$0$8,570
Office Expenses$6,249$0$0$6,249
Fees for Services Accounting$260$5,944$0$6,204
Depreciation Depletion$6,000$0$0$6,000
Fees for Services Management$0$4,281$0$4,281
Pension Plan Contributions$3,908$182$0$4,090
Other Expenses$0$3,158$0$3,158
Conferences and Meetings$1,704$1,000$0$2,704
All Other Expenses$2,202$0$0$2,202
Advertising$2,197$0$0$2,197
Fees for Services Legal$1,305$0$0$1,305
Total Functional Expenses$328,268$93,981$0$422,249
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members share savings$5,261,631
Members draft checking$1,419,336
Members share certificates$496,580
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All credit unions by charter are member owned.

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

All of the governing body is elected by the membership.

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

The 990 is reviewed by management and the Board of Directors prior to submission.

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

The conflict of interest policy is reviewed by the employees and Board of Directors annually.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is approved by the Board of Directors. Independent compensation surveys are utilized as a tool in setting compensation levels.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Atrium Credit Union Inc
EIN
31-0622088
Phone
5134205179
Address
6051 Market Street Suite C, Franklin, OH 45005

Signing Officer

Name
Cindy Cottingim
Title
Chief Executive Officer
Phone
5134205179
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Cottongim
Formed
1958
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
9

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt019170
IRS990/InformationTechnologyGrp/TotalAmt019170
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt08570
IRS990/InsuranceGrp/TotalAmt08570
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt010128
IRS990/InterestGrp/TotalAmt010128
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt026952
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026952
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03243452
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0355
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0402652
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015541
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015507
IRS990/LandBldgEquipCostOrOtherBssAmt0418159
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as "owners".
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01057879
IRS990/NetAssetsOrFundBalancesEOYAmt01066457
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02400
IRS990/OccupancyGrp/ProgramServicesAmt09600
IRS990/OccupancyGrp/TotalAmt012000
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt06249
IRS990/OfficeExpensesGrp/TotalAmt06249
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075910
IRS990/OtherAssetsTotalGrp/EOYAmt079121
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02655
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018763
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021418
IRS990/OtherExpensesGrp/Desc0Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc1Loan servicing (collection)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23158
IRS990/OtherExpensesGrp/ProgramServicesAmt079416
IRS990/OtherExpensesGrp/ProgramServicesAmt14899
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt079416
IRS990/OtherExpensesGrp/TotalAmt14899
IRS990/OtherExpensesGrp/TotalAmt23158
IRS990/OtherLiabilitiesGrp/BOYAmt07067032
IRS990/OtherLiabilitiesGrp/EOYAmt07177547
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017943
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090268
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108211
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04168965
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04211138
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04886
IRS990/PayrollTaxesGrp/ProgramServicesAmt012097
IRS990/PayrollTaxesGrp/TotalAmt016983
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0182
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03908
IRS990/PensionPlanContributionsGrp/TotalAmt04090
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012737
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06788
IRS990/PrincipalOfficerNm0Cindy Cottongim
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees to members
IRS990/ProgramServiceRevenueGrp/Desc2ATM surcharges to nonmembers
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0272430
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1125632
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0272430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1125632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25813
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt25813
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt08826
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021669
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0151191
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0434859
IRS990/PYRevenuesLessExpensesAmt074294
IRS990/PYSalariesCompEmpBnftPaidAmt0222217
IRS990/PYTotalExpensesAmt0382234
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0456528
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $5M-$10M nonprofits