Civic Intelligence

Blackhawk Area Cu

990 • Fiscal year 2022 • EIN 36-6091357

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

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

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

43rd percentile

21.08x

Higher debt load relative to revenue than 43% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$99,850

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Asset Growth

36th percentile

-1.3%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$43,546,962

Down $561,377 (-1.3%) from 2021

Net Assets

Up

$3,353,708

Up $431,192 (+15%) from 2021

Liabilities

Down

$40,193,254

Down $992,569 (-2.4%) from 2021

Revenue

Up

$1,907,031

Up $186,667 (+11%) from 2021

Expenses

Up

$1,571,638

Up $87,457 (+5.9%) from 2021

Net Income

Up

$335,393

Up $99,210 (+42%) from 2021

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

2022

Assets$43,546,962
Liabilities$40,193,254
Net Assets$3,353,708

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

2022

Revenue$1,907,031
Expenses$1,571,638
Net Income$335,393
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$1,907,031
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$27,568,207$29,934,658▲ $2,366,451
Investments in Publicly Traded Securities$3,619,495$6,223,660▲ $2,604,165
Savings and Temporary Cash Investments$9,467,581$4,573,923▼ $4,893,658
Rtn Earn Endowment Incm Other Fnds$2,922,516$3,353,708▲ $431,192
Cash and Non-Interest-Bearing Accounts$2,220,143$1,691,528▼ $528,615
Land, Buildings, and Equipment, Net$239,919$233,681▼ $6,238
Accounts Receivable$273,688$187,675▼ $86,013
Prepaid Expenses and Deferred Charges$232,424$168,046▼ $64,378
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$44,108,339$43,546,962▼ $561,377
Other Assets Total$486,882$533,791▲ $46,909
Liabilities
Other Liabilities$41,042,788$40,157,842▼ $884,946
Accounts Payable and Accrued Expenses$143,035$35,412▼ $107,623
Total Liabilities$41,185,823$40,193,254▼ $992,569
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,922,516$3,353,708▲ $431,192
Total Liabilities and Net Assets / Fund Balance$44,108,339$43,546,962▼ $561,377

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,713$558,398$0
Other Land Buildings$0$0$0
Land$106,500-$0
Equipment$46,808$426,704$0
Leasehold Improvements$33,660$20,943$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda SchroederCEOFT$99,850$99,850
Melanie MacyCredit ManagerFT$50,538$50,538

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
$1,746,590
Investment Income
$160,441
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$335,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$789,427
Other Expenses$782,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$412,282
Office Expenses---$159,465
Current Officers, Directors, Trustees, and Key Employees---$150,388
Other Employee Benefits---$118,064
Information Technology---$95,426
Other Expenses---$77,720
Occupancy---$75,444
Pension Plan Contributions---$63,561
Payroll Taxes---$45,132
Insurance---$43,866
Depreciation Depletion---$38,303
Fees for Services Accounting---$29,929
Advertising---$28,469
Payments to Affiliates---$14,840
Travel---$5,579
Conferences and Meetings---$33
Total Functional Expenses$0$0$0$1,571,638
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$40,157,842
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

4,023 members

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

4,023 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
2023-05-03

Organization Details

Principal Officer
Rhonda Schroeder
Formed
1935
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
27
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OCI Adjustment of $95,799.00.

Raw XML AppendixShowing 400 of 441 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/OtherAssetsTotalGrp/EOYAmt0533791
IRS990/OtherChangesInNetAssetsAmt095799
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0118064
IRS990/OtherExpensesGrp/Desc0Dividends
IRS990/OtherExpensesGrp/Desc1Loan/Collection Expense
IRS990/OtherExpensesGrp/Desc2Share Draft, ATM, ACH, Cash Over/Short
IRS990/OtherExpensesGrp/TotalAmt041799
IRS990/OtherExpensesGrp/TotalAmt1171338
IRS990/OtherExpensesGrp/TotalAmt277720
IRS990/OtherLiabilitiesGrp/BOYAmt041042788
IRS990/OtherLiabilitiesGrp/EOYAmt040157842
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0412282
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027568207
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029934658
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt014840
IRS990/PayrollTaxesGrp/TotalAmt045132
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt063561
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0232424
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0168046
IRS990/PrincipalOfficerNm0Rhonda Schroeder
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0We have a total of 1,532 outstanding member consumer loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0We have a total of 245 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/PYInvestmentIncomeAmt033941
IRS990/PYOtherExpensesAmt0729766
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01686423
IRS990/PYRevenuesLessExpensesAmt0236183
IRS990/PYSalariesCompEmpBnftPaidAmt0754415
IRS990/PYTotalExpensesAmt01484181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01720364
IRS990/ReconcilationRevenueExpnssAmt0335393
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/BOYAmt02922516
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03353708
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09467581
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04573923
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt046713
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0558398
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0605111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt046808
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0426704
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0473512
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0106500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0106500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033660
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020943
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt054603
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040157842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0All shares held by members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0233681
IRS990ScheduleD/TotalLiabilityAmt040157842
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt04,023 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14,023 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 $95,799.00.
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/TotalAssetsBOYAmt044108339
IRS990/TotalAssetsEOYAmt043546962
IRS990/TotalAssetsGrp/BOYAmt044108339
IRS990/TotalAssetsGrp/EOYAmt043546962
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01571638
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt041185823
IRS990/TotalLiabilitiesEOYAmt040193254
IRS990/TotalLiabilitiesGrp/BOYAmt041185823
IRS990/TotalLiabilitiesGrp/EOYAmt040193254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02922516
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03353708
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01746590
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01746590
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01746590
IRS990/TotalReportableCompFromOrgAmt0150388
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01907031

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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
2022Detailed filing. Detailed filing data is available for this year.$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
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