Civic Intelligence

Paris Hi-Way Credit Union

EIN 37-6032003 • 501(c)14 • Paris, IL

Profile

The paris hi-way credit union is a not-for-profit member owned financial organization. We are dedicated to providing convenient financial services to our members that will assure rates and terms that are competitive with other financial institutions, while maintaining financial stability.to assist our members in the management of their financial well-being by providing loans, savings accounts and other financial institution services in a friendly and professional manner.

P O Box 610Paris, IL 61944

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.85x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

24.67x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2023

Net Margin

55th percentile

9.0%

Higher net margin than 55% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-9.1%

Faster asset growth than 11% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

7.8%

Faster revenue growth than 51% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Down

$10,375,148

Down $1,037,719 (-9.1%) from 2022

Liabilities

Down

$8,771,959

Down $1,069,743 (-11%) from 2022

Net Assets

Up

$1,603,189

Up $32,024 (+2.0%) from 2022

Revenue

Up

$355,523

Up $25,709 (+7.8%) from 2022

Expenses

Up

$323,499

Up $76,983 (+31%) from 2022

Net Income

Down

$32,024

Down $51,274 (-62%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $7,614,055Liabilities 2011: $6,768,597Net Assets 2011: $845,4582011Assets 2012: $7,980,883Liabilities 2012: $7,019,263Net Assets 2012: $961,6202012Assets 2013: $8,646,096Liabilities 2013: $7,613,796Net Assets 2013: $1,032,3002013Assets 2014: $8,738,606Liabilities 2014: $7,660,749Net Assets 2014: $1,077,8572014Assets 2015: $8,802,554Liabilities 2015: $7,671,510Net Assets 2015: $1,131,0442015Assets 2016: $9,458,730Liabilities 2016: $8,266,043Net Assets 2016: $1,192,6872016Assets 2017: $9,230,699Liabilities 2017: $7,971,328Net Assets 2017: $1,259,3712017Assets 2018: $8,824,155Liabilities 2018: $7,507,489Net Assets 2018: $1,316,6662018Assets 2019: $9,206,524Liabilities 2019: $7,845,212Net Assets 2019: $1,361,3122019Assets 2020: $10,035,036Liabilities 2020: $8,625,256Net Assets 2020: $1,409,7802020Assets 2021: $11,496,813Liabilities 2021: $10,008,946Net Assets 2021: $1,487,8672021Assets 2022: $11,412,867Liabilities 2022: $9,841,702Net Assets 2022: $1,571,1652022Assets 2023: $10,375,148Liabilities 2023: $8,771,959Net Assets 2023: $1,603,1892023

Latest loaded filing

2023

Assets$10,375,148
Liabilities$8,771,959
Net Assets$1,603,189

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2011: $382,155Expenses 2011: $256,242Net Income 2011: $125,9132011Revenue 2012: $344,776Expenses 2012: $228,614Net Income 2012: $116,1622012Revenue 2013: $305,826Expenses 2013: $235,146Net Income 2013: $70,6802013Revenue 2014: $303,859Expenses 2014: $258,302Net Income 2014: $45,5572014Revenue 2015: $305,993Expenses 2015: $252,806Net Income 2015: $53,1872015Revenue 2016: $312,118Expenses 2016: $250,475Net Income 2016: $61,6432016Revenue 2017: $309,315Expenses 2017: $242,631Net Income 2017: $66,6842017Revenue 2018: $338,653Expenses 2018: $281,358Net Income 2018: $57,2952018Revenue 2019: $360,500Expenses 2019: $315,854Net Income 2019: $44,6462019Revenue 2020: $351,585Expenses 2020: $303,117Net Income 2020: $48,4682020Revenue 2021: $350,661Expenses 2021: $272,574Net Income 2021: $78,0872021Revenue 2022: $329,814Expenses 2022: $246,516Net Income 2022: $83,2982022Revenue 2023: $355,523Expenses 2023: $323,499Net Income 2023: $32,0242023

Latest loaded filing

2023

Revenue$355,523
Expenses$323,499
Net Income$32,024

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$8.77$1.60$0.36$0.32$0.03
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$11.4$9.84$1.57$0.33$0.25$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$10.0$1.49$0.35$0.27$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$8.63$1.41$0.35$0.30$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.21$7.85$1.36$0.36$0.32$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.82$7.51$1.32$0.34$0.28$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.23$7.97$1.26$0.31$0.24$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.46$8.27$1.19$0.31$0.25$0.06
2015Detailed filing. Detailed filing data is available for this year.$8.80$7.67$1.13$0.31$0.25$0.05
2014Summary only. Only limited summary data is available for this year.$8.74$7.66$1.08$0.30$0.26$0.05
2013Summary only. Only limited summary data is available for this year.$8.65$7.61$1.03$0.31$0.24$0.07
2012Summary only. Only limited summary data is available for this year.$7.98$7.02$0.96$0.34$0.23$0.12
2011Summary only. Only limited summary data is available for this year.$7.61$6.77$0.85$0.38$0.26$0.13
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.0
Gross Receipts
$305,993
Mission and Program Overview

Mission

The paris hi-way credit union is a not-for-profit member owned financial organization. We are dedicated to providing convenient financial services to our members that will assure rates and terms that are competitive with other financial institutions, while maintaining financial stability.to assist our members in the management of their financial well-being by providing loans, savings accounts and other financial institution services in a friendly and professional manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,143,885$6,223,428▲ $79,543
Savings and Temporary Cash Investments$2,557,764$2,531,335▼ $26,429
Rtn Earn Endowment Incm Other Fnds$1,077,857$1,131,044▲ $53,187
Prepaid Expenses and Deferred Charges$22,608$30,931▲ $8,323
Land, Buildings, and Equipment, Net$2,656$5,556▲ $2,900
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,738,606$8,802,554▲ $63,948
Other Assets Total$11,693$11,304▼ $389
Liabilities
Other Liabilities$7,652,239$7,663,195▲ $10,956
Accounts Payable and Accrued Expenses$8,510$8,315▼ $195
Total Liabilities$7,660,749$7,671,510▲ $10,761
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,077,857$1,131,044▲ $53,187
Total Liabilities and Net Assets / Fund Balance$8,738,606$8,802,554▲ $63,948

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,556$18,766$24,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Renae MorrisPresidentFT$53,557$53,557
Joann BaylerVice PresidentFT$37,080$37,080

Board Members and Trustees

NameTitle
Amanda HelanderBoard Member
Jason OgleBoard Member
Jerry BensonBoard Member
Justin CearlockBoard Member
Kensil GarnettBoard Member
Kevin CookBoard Member
Kevin KnoepfelBoard Member
Ron WagonerBoard Member
Ryan CarrollBoard Member
Susan SmithBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$285,894
Investment Income
$20,099
Other Revenue
$0
Change in Net Assets
$53,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,158
Salaries, Compensation, and Employee Benefits$98,648
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---$90,637
Office Expenses---$14,712
Other Expenses---$10,467
Payroll Taxes---$7,160
Fees for Services Accounting---$5,500
Fees for Services Other---$4,947
All Other Expenses---$3,919
Depreciation Depletion---$2,129
Conferences and Meetings---$1,308
Other Employee Benefits---$851
Advertising---$330
Total Functional Expenses$0$0$0$252,806
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Share Certificates$7,663,195
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

The president reviews the 990 before it is filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents and financial statements are available to public upon request.

Filing and Contact Details

Filer

Filer Name
Paris Hi-way Credit Union
EIN
37-6032003
Phone
2174631772
Address
P O BOX 610, PARIS, IL 61944

Signing Officer

Name
Renae Morris
Title
President
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renae Morris
Formed
1955
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Holbert & Phipps LLP
Address
1098 Ohio Street, Terre Haute, IN 47807
Preparer
Carol a Holbert CPA
Phone
8122333082
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Holbert & phipps, llp performed the annual supervisory audit and the supervisory committee reviewed the audit with the auditors.

Raw XML Appendix397 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.

Path#Value
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IRS990/MissionDesc0THE PARIS HI-WAY CREDIT UNION IS A NOT-FOR-PROFIT MEMBER OWNED FINANCIAL ORGANIZATION. WE ARE DEDICATED TO PROVIDING CONVENIENT FINANCIAL SERVICES TO OUR MEMBERS THAT WILL ASSURE RATES AND TERMS THAT ARE COMPETITIVE WITH OTHER FINANCIAL INSTITUTIONS, WHILE MAINTAINING FINANCIAL STABILITY.TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
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IRS990/PayrollTaxesGrp/TotalAmt07160
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOLBERT & PHIPPS, LLP PERFORMED THE ANNUAL SUPERVISORY AUDIT AND THE SUPERVISORY COMMITTEE REVIEWED THE AUDIT WITH THE AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2: Change of Oversight or Selection Process
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IRS990/TransactionWithControlEntInd0false
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RENAE MORRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARIS HI-WAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PARI
ReturnHeader/Filer/EIN0376032003
ReturnHeader/Filer/PhoneNum02174631772
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 610
ReturnHeader/Filer/USAddress/CityNm0PARIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061944
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Holbert & Phipps LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01098 Ohio Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Terre Haute
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047807
ReturnHeader/PreparerPersonGrp/PhoneNum08122333082
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL A HOLBERT CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-09T05:16:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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