Civic Intelligence

Blackhawk Area Cu

990 • Fiscal year 2021 • EIN 36-6091357

Jan 01, 2021 to Dec 31, 2021 • Filed on May 05, 2022

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

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

23.94x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$99,700

Higher top officer pay than 49% of similar nonprofits.

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

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Asset Growth

55th percentile

9.3%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

14%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$44,108,339

Up $3,748,290 (+9.3%) from 2020

Net Assets

Up

$2,922,516

Up $254,910 (+9.6%) from 2020

Liabilities

Up

$41,185,823

Up $3,493,380 (+9.3%) from 2020

Revenue

Up

$1,720,364

Up $217,357 (+14%) from 2020

Expenses

Up

$1,484,181

Up $48,960 (+3.4%) from 2020

Net Income

Up

$236,183

Up $168,397 (+248%) from 2020

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

2021

Assets$44,108,339
Liabilities$41,185,823
Net Assets$2,922,516

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

2021

Revenue$1,720,364
Expenses$1,484,181
Net Income$236,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 5, 2022
Return Version
2021v4.0
Gross Receipts
$1,720,364
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$23,865,277$27,568,207▲ $3,702,930
Savings and Temporary Cash Investments$10,922,878$9,467,581▼ $1,455,297
Investments in Publicly Traded Securities$3,330,879$3,619,495▲ $288,616
Rtn Earn Endowment Incm Other Fnds$2,667,606$2,922,516▲ $254,910
Cash and Non-Interest-Bearing Accounts$1,299,614$2,220,143▲ $920,529
Accounts Receivable$161,823$273,688▲ $111,865
Land, Buildings, and Equipment, Net$217,773$239,919▲ $22,146
Prepaid Expenses and Deferred Charges$143,246$232,424▲ $89,178
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$40,360,049$44,108,339▲ $3,748,290
Other Assets Total$418,559$486,882▲ $68,323
Liabilities
Other Liabilities$37,435,993$41,042,788▲ $3,606,795
Accounts Payable and Accrued Expenses$256,450$143,035▼ $113,415
Total Liabilities$37,692,443$41,185,823▲ $3,493,380
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,667,606$2,922,516▲ $254,910
Total Liabilities and Net Assets / Fund Balance$40,360,049$44,108,339▲ $3,748,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,382$555,729$0
Other Land Buildings$0$0$0
Land$106,500-$0
Equipment$50,258$400,826$0
Leasehold Improvements$33,779$5,121$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda SchroederCEOFT$99,700$99,700
Melanie MacyCredit ManagerFT$48,513$48,513

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
$1,686,423
Investment Income
$33,941
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$236,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$754,415
Other Expenses$729,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$378,378
Office Expenses---$157,348
Current Officers, Directors, Trustees, and Key Employees---$148,213
Other Employee Benefits---$112,197
Information Technology---$89,418
Pension Plan Contributions---$73,161
Occupancy---$71,578
Other Expenses---$51,984
Payroll Taxes---$42,466
Depreciation Depletion---$36,086
Fees for Services Accounting---$35,042
Insurance---$34,587
Advertising---$25,959
Payments to Affiliates---$13,817
Travel---$7,830
Conferences and Meetings---$51
Total Functional Expenses$0$0$0$1,484,181
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$41,042,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section A, Line 6

4,118 members

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

4,118 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 of Melanie Macy, Credit 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
2022-05-05

Organization Details

Principal Officer
Rhonda Schroeder
Formed
1935
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
24
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OCI Adjustment of $20,496.00

Raw XML AppendixShowing 400 of 451 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/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt071578
IRS990/OfficeExpensesGrp/TotalAmt0157348
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0418559
IRS990/OtherAssetsTotalGrp/EOYAmt0486882
IRS990/OtherChangesInNetAssetsAmt020496
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0112197
IRS990/OtherExpensesGrp/Desc0Dividends
IRS990/OtherExpensesGrp/Desc1Loan/Collection Expense
IRS990/OtherExpensesGrp/Desc2Share Draft, ATM, ACH, Cash Over/Short
IRS990/OtherExpensesGrp/TotalAmt048091
IRS990/OtherExpensesGrp/TotalAmt1157975
IRS990/OtherExpensesGrp/TotalAmt251984
IRS990/OtherLiabilitiesGrp/BOYAmt037435993
IRS990/OtherLiabilitiesGrp/EOYAmt041042788
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0378378
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023865277
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt027568207
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt013817
IRS990/PayrollTaxesGrp/TotalAmt042466
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt073161
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143246
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0232424
IRS990/PrincipalOfficerNm0Rhonda Schroeder
IRS990/PriorPeriodAdjustmentsAmt0-1769
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0We have a total of 1,447 outstanding member consumer loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0We have a total of 237 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/PYInvestmentIncomeAmt096493
IRS990/PYOtherExpensesAmt0741707
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01406514
IRS990/PYRevenuesLessExpensesAmt067786
IRS990/PYSalariesCompEmpBnftPaidAmt0693514
IRS990/PYTotalExpensesAmt01435221
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01503007
IRS990/ReconcilationRevenueExpnssAmt0236183
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
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/BOYAmt02667606
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02922516
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010922878
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09467581
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt049382
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0555729
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0605111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt050258
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0400826
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0451084
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0106500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0106500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033779
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05121
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt038900
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041042788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0All shares held by members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0239919
IRS990ScheduleD/TotalLiabilityAmt041042788
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt04,118 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14,118 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rhonda Schroeder, CEO completes Form 990 with the assistance of Melanie Macy, Credit Manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Newsletter, website, and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OCI Adjustment of $20,496.00
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt040360049
IRS990/TotalAssetsEOYAmt044108339
IRS990/TotalAssetsGrp/BOYAmt040360049
IRS990/TotalAssetsGrp/EOYAmt044108339
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01484181
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037692443
IRS990/TotalLiabilitiesEOYAmt041185823
IRS990/TotalLiabilitiesGrp/BOYAmt037692443
IRS990/TotalLiabilitiesGrp/EOYAmt041185823
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02667606
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02922516
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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