Civic Intelligence

Blackhawk Area Cu

990 • Fiscal year 2016 • EIN 36-6091357

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

214 Main StreetSavanna, IL 61074

(815) 273-4503

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

21.48x

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

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

36th percentile

5.0%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

29th percentile

$80,000

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

13th percentile

-1.1%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

0.9%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$33,344,685

Down $356,275 (-1.1%) from 2015

Net Assets

Up

$2,653,267

Up $3,610 (+0.1%) from 2015

Liabilities

Down

$30,691,418

Down $359,885 (-1.2%) from 2015

Revenue

Up

$1,428,653

Up $13,144 (+0.9%) from 2015

Expenses

Up

$1,356,984

Up $2,740 (+0.2%) from 2015

Net Income

Up

$71,669

Up $10,404 (+17%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $28,904,119Liabilities 2010: $26,692,701Net Assets 2010: $2,211,4182010Assets 2011: $30,328,577Liabilities 2011: $27,970,688Net Assets 2011: $2,357,8892011Assets 2012: $32,358,116Liabilities 2012: $29,824,608Net Assets 2012: $2,533,5082012Assets 2013: $33,011,631Liabilities 2013: $30,339,110Net Assets 2013: $2,672,5212013Assets 2014: $33,583,896Liabilities 2014: $30,931,689Net Assets 2014: $2,652,2072014Assets 2015: $33,700,960Liabilities 2015: $31,051,303Net Assets 2015: $2,649,6572015Assets 2016: $33,344,685Liabilities 2016: $30,691,418Net Assets 2016: $2,653,2672016Assets 2017: $33,802,317Liabilities 2017: $31,236,619Net Assets 2017: $2,565,6982017Assets 2018: $33,561,901Liabilities 2018: $30,843,443Net Assets 2018: $2,718,4582018Assets 2019: $33,863,489Liabilities 2019: $31,131,719Net Assets 2019: $2,731,7702019Assets 2020: $40,360,049Liabilities 2020: $37,692,443Net Assets 2020: $2,667,6062020Assets 2021: $44,108,339Liabilities 2021: $41,185,823Net Assets 2021: $2,922,5162021Assets 2022: $43,546,962Liabilities 2022: $40,193,254Net Assets 2022: $3,353,7082022Assets 2023: $40,050,532Liabilities 2023: $36,183,342Net Assets 2023: $3,867,1902023Assets 2024: $38,018,614Liabilities 2024: $33,742,098Net Assets 2024: $4,276,5162024

Highlighted filing

2016

Assets$33,344,685
Liabilities$30,691,418
Net Assets$2,653,267

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,502,2772010Expenses 2011: $1,461,0072011Expenses 2012: $1,360,6702012Revenue 2013: $1,457,033Expenses 2013: $1,344,260Net Income 2013: $112,7732013Revenue 2014: $1,444,038Expenses 2014: $1,410,142Net Income 2014: $33,8962014Revenue 2015: $1,415,509Expenses 2015: $1,354,244Net Income 2015: $61,2652015Revenue 2016: $1,428,653Expenses 2016: $1,356,984Net Income 2016: $71,6692016Revenue 2017: $1,445,404Expenses 2017: $1,495,425Net Income 2017: -$50,0212017Revenue 2018: $1,553,828Expenses 2018: $1,421,998Net Income 2018: $131,8302018Revenue 2019: $1,629,051Expenses 2019: $1,519,962Net Income 2019: $109,0892019Revenue 2020: $1,503,007Expenses 2020: $1,435,221Net Income 2020: $67,7862020Revenue 2021: $1,720,364Expenses 2021: $1,484,181Net Income 2021: $236,1832021Revenue 2022: $1,907,031Expenses 2022: $1,571,638Net Income 2022: $335,3932022Revenue 2023: $2,171,881Expenses 2023: $1,635,081Net Income 2023: $536,8002023Revenue 2024: $2,178,867Expenses 2024: $1,722,770Net Income 2024: $456,0972024

Highlighted filing

2016

Revenue$1,428,653
Expenses$1,356,984
Net Income$71,669
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,428,653
Mission and Program Overview

Mission

The mission of the credit union is to provide low-cost financial services to its members, to encourage savings, to provide education in fiancial matters, and to prosper in order to continue to be a viable financial institution in the future.

Credit Union operated for mutual purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,981,563$19,750,578▼ $1,230,985
Investments in Publicly Traded Securities$8,574,718$8,781,062▲ $206,344
Savings and Temporary Cash Investments$2,345,658$2,757,853▲ $412,195
Rtn Earn Endowment Incm Other Fnds$2,649,657$2,653,267▲ $3,610
Cash and Non-Interest-Bearing Accounts$934,413$1,039,193▲ $104,780
Land, Buildings, and Equipment, Net$258,491$250,218▼ $8,273
Accounts Receivable$94,032$90,841▼ $3,191
Prepaid Expenses and Deferred Charges$42,043$43,061▲ $1,018
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$33,700,960$33,344,685▼ $356,275
Other Assets Total$470,042$631,879▲ $161,837
Liabilities
Other Liabilities$30,819,658$30,467,062▼ $352,596
Accounts Payable and Accrued Expenses$231,645$224,356▼ $7,289
Total Liabilities$31,051,303$30,691,418▼ $359,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,649,657$2,653,267▲ $3,610
Total Liabilities and Net Assets / Fund Balance$33,700,960$33,344,685▼ $356,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$91,865$513,246$0
Other Land Buildings$0$0$0
Land$106,500-$0
Equipment$17,218$388,425$0
Leasehold Improvements$34,635$32,480$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda SchroederCEOFT$80,000$80,000
Sandra HowardCredit ManagerFT$44,700$44,700

Board Members and Trustees

NameTitle
Beth WiegmannChairperson
Wayne WilsonVice Chairman
James KarrBoard Member
Leonard SheafferBoard Member
Marleen AndersenBoard Member
Steve VenhuizenBoard Member
Wilfred SchrammBoard Member
Mary OstendorfSecretary
Debbi HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,332,434
Investment Income
$96,219
Other Revenue
$0
Change in Net Assets
$71,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$688,095
Other Expenses$668,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$349,569
Office Expenses---$155,671
Current Officers, Directors, Trustees, and Key Employees---$124,700
Other Employee Benefits---$113,323
Occupancy---$89,591
Information Technology---$85,349
Pension Plan Contributions---$60,654
Payroll Taxes---$39,849
Advertising---$37,736
Depreciation Depletion---$35,757
Fees for Services Accounting---$29,343
Travel---$17,253
Insurance---$15,752
Payments to Affiliates---$13,435
Other Expenses---$7,497
All Other Expenses---$289
Conferences and Meetings---$78
Total Functional Expenses$0$0$0$1,356,984
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
All Shares held by members$30,467,062
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
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, Part VI, Section A, Line 6

4,833 members

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

4,833 members

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

members

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

Rhonda Schroeder, CEO completes Form 990 with the assistance Melanie Macy, Collection Manager.

Form 990, Part VI, Section C, Line 19

Newsletter, website, and upon request.

Filing and Contact Details

Filer

Filer Name
Blackhawk Area Cu
EIN
36-6091357
Phone
8152734503
Address
214 Main Street, Savanna, IL 61074

Signing Officer

Name
Rhonda Schroeder
Title
CEO
Phone
8152732945
Signed
2017-05-10

Organization Details

Principal Officer
Rhonda Schroeder
Formed
1935
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
17
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OCI Adjustment

Raw XML AppendixShowing 400 of 439 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/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt089591
IRS990/OfficeExpensesGrp/TotalAmt0155671
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0470042
IRS990/OtherAssetsTotalGrp/EOYAmt0631879
IRS990/OtherChangesInNetAssetsAmt0-68059
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0113323
IRS990/OtherExpensesGrp/Desc0Dividends
IRS990/OtherExpensesGrp/Desc1Loan/Collection Expense
IRS990/OtherExpensesGrp/Desc2Share Draft, ATM, ACH
IRS990/OtherExpensesGrp/TotalAmt067536
IRS990/OtherExpensesGrp/TotalAmt1113602
IRS990/OtherExpensesGrp/TotalAmt27497
IRS990/OtherLiabilitiesGrp/BOYAmt030819658
IRS990/OtherLiabilitiesGrp/EOYAmt030467062
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0349569
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020981563
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019750578
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt013435
IRS990/PayrollTaxesGrp/TotalAmt039849
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt060654
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042043
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043061
IRS990/PrincipalOfficerNm0Rhonda Schroeder
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0We have a total of 1,561 outstanding member consumer loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0We have a total of 260 outstanding member mortgage and/or HELOC loans.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt082940
IRS990/PYOtherExpensesAmt0657964
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01332569
IRS990/PYRevenuesLessExpensesAmt061265
IRS990/PYSalariesCompEmpBnftPaidAmt0696280
IRS990/PYTotalExpensesAmt01354244
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01415509
IRS990/ReconcilationRevenueExpnssAmt071669
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02649657
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02653267
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02345658
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02757853
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt091865
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0513246
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0605111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt017218
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0388425
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0405643
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0106500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0106500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034635
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032480
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt067115
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030467062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0All Shares held by members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0250218
IRS990ScheduleD/TotalLiabilityAmt030467062
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt04,833 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14,833 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rhonda Schroeder, CEO completes Form 990 with the assistance Melanie Macy, Collection Manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Newsletter, website, and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OCI Adjustment
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033700960
IRS990/TotalAssetsEOYAmt033344685
IRS990/TotalAssetsGrp/BOYAmt033700960
IRS990/TotalAssetsGrp/EOYAmt033344685
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01356984
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031051303
IRS990/TotalLiabilitiesEOYAmt030691418
IRS990/TotalLiabilitiesGrp/BOYAmt031051303
IRS990/TotalLiabilitiesGrp/EOYAmt030691418
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02649657
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02653267
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01332434
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01332434
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01332434
IRS990/TotalReportableCompFromOrgAmt0124700

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$33.7$4.28$2.18$1.72$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$36.2$3.87$2.17$1.64$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$40.2$3.35$1.91$1.57$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.1$41.2$2.92$1.72$1.48$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.4$37.7$2.67$1.50$1.44$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.9$31.1$2.73$1.63$1.52$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$30.8$2.72$1.55$1.42$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.8$31.2$2.57$1.45$1.50$0.05
2016Detailed filing. Detailed filing data is available for this year.$33.3$30.7$2.65$1.43$1.36$0.07
2015Detailed filing. Detailed filing data is available for this year.$33.7$31.1$2.65$1.42$1.35$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$30.9$2.65$1.44$1.41$0.03
2013Detailed filing. Detailed filing data is available for this year.$33.0$30.3$2.67$1.46$1.34$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$29.8$2.53$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$28.0$2.36$1.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$26.7$2.21$1.50