Civic Intelligence

Springfield Firefighters Credit Union

990 • Fiscal year 2020 • EIN 37-0810754

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

2401 Peoria RoadSpringfield, IL 62702

(217) 816-9034

Siviq Scores

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

Liabilities / Assets

71st percentile

0.87x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

23.39x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Net Margin

48th percentile

1.4%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Asset Growth

27th percentile

1.1%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-14%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,822,072

Up $42,916 (+1.1%) from 2019

Net Assets

Up

$497,182

Up $2,021 (+0.4%) from 2019

Liabilities

Up

$3,324,890

Up $40,895 (+1.2%) from 2019

Revenue

Down

$142,157

Down $22,969 (-14%) from 2019

Expenses

Down

$140,136

Down $23,007 (-14%) from 2019

Net Income

Up

$2,021

Up $38 (+1.9%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,322,820Liabilities 2010: $2,858,349Net Assets 2010: $464,4712010Assets 2011: $3,509,810Liabilities 2011: $3,042,581Net Assets 2011: $467,2292011Assets 2012: $3,542,138Liabilities 2012: $3,070,396Net Assets 2012: $471,7422012Assets 2013: $3,670,407Liabilities 2013: $3,195,376Net Assets 2013: $475,0312013Assets 2014: $3,771,079Liabilities 2014: $3,292,734Net Assets 2014: $478,3452014Assets 2015: $3,735,261Liabilities 2015: $3,252,827Net Assets 2015: $482,4342015Assets 2016: $3,695,778Liabilities 2016: $3,210,089Net Assets 2016: $485,6892016Assets 2017: $3,642,371Liabilities 2017: $3,150,292Net Assets 2017: $492,0792017Assets 2018: $3,727,454Liabilities 2018: $3,234,276Net Assets 2018: $493,1782018Assets 2019: $3,779,156Liabilities 2019: $3,283,995Net Assets 2019: $495,1612019Assets 2020: $3,822,072Liabilities 2020: $3,324,890Net Assets 2020: $497,1822020Assets 2021: $3,780,869Liabilities 2021: $3,283,537Net Assets 2021: $497,3322021Assets 2022: $3,828,690Liabilities 2022: $3,331,145Net Assets 2022: $497,5452022Assets 2023: $3,493,068Liabilities 2023: $2,993,963Net Assets 2023: $499,1052023Assets 2024: $3,343,051Liabilities 2024: $2,843,064Net Assets 2024: $499,9872024

Highlighted filing

2020

Assets$3,822,072
Liabilities$3,324,890
Net Assets$497,182

Operations Trend

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

$200K$150K$100K$50K$0Expenses 2010: $192,7052010Expenses 2011: $180,7572011Expenses 2012: $168,4792012Revenue 2013: $164,316Expenses 2013: $161,027Net Income 2013: $3,2892013Revenue 2014: $154,502Expenses 2014: $151,188Net Income 2014: $3,3142014Revenue 2015: $146,653Expenses 2015: $142,564Net Income 2015: $4,0892015Revenue 2016: $143,779Expenses 2016: $140,524Net Income 2016: $3,2552016Revenue 2017: $148,109Expenses 2017: $141,719Net Income 2017: $6,3902017Revenue 2018: $154,549Expenses 2018: $153,450Net Income 2018: $1,0992018Revenue 2019: $165,126Expenses 2019: $163,143Net Income 2019: $1,9832019Revenue 2020: $142,157Expenses 2020: $140,136Net Income 2020: $2,0212020Revenue 2021: $133,273Expenses 2021: $133,123Net Income 2021: $1502021Revenue 2022: $111,477Expenses 2022: $111,264Net Income 2022: $2132022Revenue 2023: $138,218Expenses 2023: $136,658Net Income 2023: $1,5602023Revenue 2024: $162,196Expenses 2024: $161,314Net Income 2024: $8822024

Highlighted filing

2020

Revenue$142,157
Expenses$140,136
Net Income$2,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$142,157
Mission and Program Overview

Mission

Make loans to our membership with the savings that they place in our trust.

Make loans to our members from the money they invest in the Credit Union.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,665,547$1,679,456▲ $13,909
Cash and Non-Interest-Bearing Accounts$1,002,785$1,151,502▲ $148,717
Other Notes and Loans Receivable, Net$970,742$843,454▼ $127,288
Rtn Earn Endowment Incm Other Fnds$495,161$497,182▲ $2,021
Receivables From Officers Etc$108,586$115,841▲ $7,255
Total Assets$3,779,156$3,822,072▲ $42,916
Other Assets Total$31,496$31,819▲ $323
Liabilities
Other Liabilities$3,181,846$3,234,548▲ $52,702
Accounts Payable and Accrued Expenses$102,149$90,342▼ $11,807
Total Liabilities$3,283,995$3,324,890▲ $40,895
Net Assets / Fund Balance
Total Net Assets Fund Balance$495,161$497,182▲ $2,021
Total Liabilities and Net Assets / Fund Balance$3,779,156$3,822,072▲ $42,916
Compensation and Service Providers

Board Members and Trustees

NameTitle
William GilmanChairman
Ray GriderVice Chairman
Ardi BaulosBoard Member
Cliff LinneBoard Member
Martin JeterBoard Member
Michael CannyBoard Member
Tom DoddBoard Member
Trevor HowardBoard Member
Tony NaylorSecretary
Ed CannyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$122,721
Investment Income
$19,436
Other Revenue
$0
Change in Net Assets
$2,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,361
Salaries, Compensation, and Employee Benefits$24,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$24,000-$24,000
Benefits to Members$8,775--$8,775
Office Expenses-$6,814-$6,814
Insurance-$3,954-$3,954
Other Expenses$1,208--$1,208
Fees for Services Accounting-$1,000-$1,000
Conferences and Meetings$630--$630
Total Functional Expenses$104,368$35,768$0$140,136
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$108,586$115,841▲ $7,255
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Savings$3,234,548
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

There are 10 directors of the Credit Union and two are brothers.

Members or stockholder classes and rights Part VI line 6

Each member who has money invested is a voting member.

Member election for additional members Part VI line 7A

Each member has one share for every $5 invested and uses those shares to elect the directors at each annual meeting.

Governing body meeting documentation Part VI line 8A

Minutes to meetings are documented and maintained in the Credit Union office available for review.

Committee meeting documentation Part VI line 8B

Committee meetings are held in conjunction with board meetings.

Form 990 governing body review Part VI line 11

The 990 is maintained in the Credit Union office available for review.

Governing documents etc available to public Part VI line 19

Documents are maintained in the Credit Union office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Springfield Firefighters Credit Union
EIN
37-0810754
Address
2401 Peoria Road, Springfield, IL 62702

Signing Officer

Name
Edward Canny
Title
Treasurer
Phone
2178169034
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Canny Accounting LLC
Address
PO Box 5342, Springfield, IL 62705
Preparer
Michael Canny
Phone
2176978166
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt135000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt225000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt335000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt435000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt525000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt65500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Edward Canny
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Michael Canny
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2William Gilman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Ray Grider
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Martin Jeter
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5Trevor Howard
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6Michael Walter
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6true
IRS990ScheduleL/TotalBalanceDueAmt0115841
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are 10 directors of the Credit Union and two are brothers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member who has money invested is a voting member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one share for every $5 invested and uses those shares to elect the directors at each annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Minutes to meetings are documented and maintained in the Credit Union office available for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Committee meetings are held in conjunction with board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 990 is maintained in the Credit Union office available for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are maintained in the Credit Union office and are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03779156
IRS990/TotalAssetsEOYAmt03822072
IRS990/TotalAssetsGrp/BOYAmt03779156
IRS990/TotalAssetsGrp/EOYAmt03822072
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035768
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104368
IRS990/TotalFunctionalExpensesGrp/TotalAmt0140136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03283995
IRS990/TotalLiabilitiesEOYAmt03324890
IRS990/TotalLiabilitiesGrp/BOYAmt03283995
IRS990/TotalLiabilitiesGrp/EOYAmt03324890
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0495161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0497182
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0104368
IRS990/TotalProgramServiceRevenueAmt0122721
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0142157
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03779156
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03822072
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward Canny
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02178169034
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Springfield Firefighters Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0370810754
ReturnHeader/Filer/USAddress/AddressLine1Txt02401 Peoria Road
ReturnHeader/Filer/USAddress/CityNm0Springfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062702
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461631701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Canny Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 5342
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Springfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062705
ReturnHeader/PreparerPersonGrp/PhoneNum02176978166

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.34$2.84$0.50$0.16$0.16$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.49$2.99$0.50$0.14$0.14$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$3.33$0.50$0.11$0.11$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.78$3.28$0.50$0.13$0.13$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.82$3.32$0.50$0.14$0.14$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.78$3.28$0.50$0.17$0.16$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.73$3.23$0.49$0.15$0.15$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.64$3.15$0.49$0.15$0.14$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.70$3.21$0.49$0.14$0.14$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.74$3.25$0.48$0.15$0.14$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.77$3.29$0.48$0.15$0.15$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.67$3.20$0.48$0.16$0.16$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$3.07$0.47$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$3.04$0.47$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$2.86$0.46$0.19
Peer Organizations

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