Civic Intelligence

Lauhoff Employees Credit Union

990 • Fiscal year 2018 • EIN 37-6041409

Jan 01, 2018 to Dec 31, 2018 • Filed on May 03, 2019

Organization Profilelecuonline.org

Refreshing map…

329 E North StDanville, IL 61832

(217) 443-9837

Siviq Scores

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

Liabilities / Assets

45th percentile

0.81x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

13.89x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2018

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$63,236

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2018

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

2.1%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$4,836,605

Down $724,478 (-13%) from 2017

Net Assets

Down

$925,038

Down $31,485 (-3.3%) from 2017

Liabilities

Down

$3,911,567

Down $692,993 (-15%) from 2017

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin16th percentile

Revenue

Up

$281,711

Up $5,921 (+2.1%) from 2017

Expenses

Up

$313,196

Up $48,316 (+18%) from 2017

Net Income

Down

-$31,485

Down $42,395 (-389%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,719,602Liabilities 2011: $4,654,672Net Assets 2011: $1,064,9302011Assets 2012: $5,287,717Liabilities 2012: $4,220,818Net Assets 2012: $1,066,8992012Assets 2013: $5,179,028Liabilities 2013: $4,109,882Net Assets 2013: $1,069,1462013Assets 2014: $5,550,369Liabilities 2014: $4,535,223Net Assets 2014: $1,015,1462014Assets 2015: $5,554,130Liabilities 2015: $4,620,026Net Assets 2015: $934,1042015Assets 2016: $5,314,977Liabilities 2016: $4,369,364Net Assets 2016: $945,6132016Assets 2017: $5,561,083Liabilities 2017: $4,604,560Net Assets 2017: $956,5232017Assets 2018: $4,836,605Liabilities 2018: $3,911,567Net Assets 2018: $925,0382018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2018

Assets$4,836,605
Liabilities$3,911,567
Net Assets$925,038
Open 2018 Filing

Operations Trend

Revenue Growth35th percentile

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

$400K$200K$0-$200KExpenses 2011: $311,4522011Expenses 2012: $296,9892012Revenue 2013: $316,762Expenses 2013: $314,515Net Income 2013: $2,2472013Revenue 2014: $313,873Expenses 2014: $367,871Net Income 2014: -$53,9982014Revenue 2015: $285,382Expenses 2015: $366,424Net Income 2015: -$81,0422015Revenue 2016: $293,190Expenses 2016: $281,681Net Income 2016: $11,5092016Revenue 2017: $275,790Expenses 2017: $264,880Net Income 2017: $10,9102017Revenue 2018: $281,711Expenses 2018: $313,196Net Income 2018: -$31,4852018Revenue 2019: $232,789Expenses 2019: $396,619Net Income 2019: -$163,8302019

Highlighted filing

2018

Revenue$281,711
Expenses$313,196
Net Income-$31,485
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 3, 2019
Return Version
2018v3.1
Gross Receipts
$281,711
Mission and Program Overview

Mission

Lauhoff credit union provides members with low interest loans with

Lauhoff credit union provides members with low interest loans with a good rate of return on savings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,107,776$2,948,818▼ $158,958
Savings and Temporary Cash Investments$2,054,563$1,204,518▼ $850,045
Rtn Earn Endowment Incm Other Fnds$956,523$925,038▼ $31,485
Investments in Publicly Traded Securities$200,000$448,000▲ $248,000
Cash and Non-Interest-Bearing Accounts$118,043$166,355▲ $48,312
Land, Buildings, and Equipment, Net$24,806$15,492▼ $9,314
Prepaid Expenses and Deferred Charges$12,291$7,414▼ $4,877
Total Assets$5,561,083$4,836,605▼ $724,478
Other Assets Total$43,604$46,008▲ $2,404
Liabilities
Other Liabilities$4,600,816$3,908,413▼ $692,403
Accounts Payable and Accrued Expenses$3,744$3,154▼ $590
Total Liabilities$4,604,560$3,911,567▼ $692,993
Net Assets / Fund Balance
Total Net Assets Fund Balance$956,523$925,038▼ $31,485
Total Liabilities and Net Assets / Fund Balance$5,561,083$4,836,605▼ $724,478

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,492$88,833$104,325
Land$0-$0
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise WardManager/treasurerFT$61,435$1,801$63,236

Board Members and Trustees

NameTitle
Rex RichardsChairperson
Robert MarkVice-chairperson
David BarnesDirector
Jeff HaunDirector
Jennifer KrugerDirector
Mark WardDirector
Sherry TyserDirector
Nancy StrubingerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$251,142
Investment Income
$30,569
Other Revenue
$0
Change in Net Assets
$-31,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,069
Salaries, Compensation, and Employee Benefits$108,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$0$0$0$89,334
Current Officers, Directors, Trustees, and Key Employees$0$0$0$63,236
Other Salaries and Wages$0$0$0$36,091
Depreciation Depletion$0$0$0$13,907
Fees for Services Accounting$0$0$0$12,603
Payroll Taxes$0$0$0$7,610
Insurance$0$0$0$7,211
Other Expenses$0$0$0$5,704
Occupancy$0$0$0$5,625
All Other Expenses$0$0$0$1,716
Conferences and Meetings$0$0$0$1,565
Other Employee Benefits$0$0$0$1,148
Travel$0$0$0$1,012
Pension Plan Contributions$0$0$0$42
Interest$0$0$0$5
Total Functional Expenses$0$0$0$313,196
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$3,908,413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
Lauhoff Employees Credit Union
EIN
37-6041409
Phone
2174439837
Address
329 E NORTH ST, DANVILLE, IL 61832

Signing Officer

Name
Denise Ward
Title
CEO
Phone
2174439837
Signed
2019-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Ward
Formed
1948
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
3
Volunteers
8

Preparer

Firm
Lmhn Ltd
Address
900 N Webster St PO Box 87, Taylorville, IL 62568
Preparer
Richard K Hooper
Phone
2178249661
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The credit union is a member owned financial institution.”

Pt VI, Line 7A

“The governing body is elected from and by the membership annually.”

Pt VI, Line 7B

“From time to time, certain decisions will be presented to the membership for a vote, which is determined on a case by case basis.”

Pt VI, Line 11B

“Copies of the final form 990 and schedules were made available to each board member prior to being filed with the irs. Board members were asked to review the return individually and to contact the return preparer, other board members or executive officers with any questions or concerns.”

Pt XII, Line 1

“The credit union maintains it's records on the modified cash basis of accounting as required by the state of il department of financial and professional regulation.”

Pt VI, Line 2

“Family relationship exists between denise ward, manager and mark ward, director.”

Form 990, Part IX, Line 24E

“MISCELLANEOUS 1716.”

Raw XML Appendix399 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/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0956523
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0925038
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02054563
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01204518
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt015492
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088833
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104325
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03908413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015492
IRS990ScheduleD/TotalLiabilityAmt03908413
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP FOR A VOTE, WHICH IS DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE MADE AVAILABLE TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER, OTHER BOARD MEMBERS OR EXECUTIVE OFFICERS WITH ANY QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION MAINTAINS IT'S RECORDS ON THE MODIFIED CASH BASIS OF ACCOUNTING AS REQUIRED BY THE STATE OF IL DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FAMILY RELATIONSHIP EXISTS BETWEEN DENISE WARD, MANAGER AND MARK WARD, DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS 1716.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05561083
IRS990/TotalAssetsEOYAmt04836605
IRS990/TotalAssetsGrp/BOYAmt05561083
IRS990/TotalAssetsGrp/EOYAmt04836605
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04604560
IRS990/TotalLiabilitiesEOYAmt03911567
IRS990/TotalLiabilitiesGrp/BOYAmt04604560
IRS990/TotalLiabilitiesGrp/EOYAmt03911567
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0956523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0925038
IRS990/TotalOtherCompensationAmt01801
IRS990/TotalProgramServiceRevenueAmt0251142
IRS990/TotalReportableCompFromOrgAmt061435
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0281711
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281711
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05561083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04836605
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt01012
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0329 E NORTH ST
IRS990/USAddress/CityNm0DANVILLE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061832
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0lecuonline.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DENISE WARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02174439837
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUHOFF EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LAUH
ReturnHeader/Filer/EIN0376041409
ReturnHeader/Filer/PhoneNum02174439837
ReturnHeader/Filer/USAddress/AddressLine1Txt0329 E NORTH ST
ReturnHeader/Filer/USAddress/CityNm0DANVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061832
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09BC8A9ED3246B4657A50282BDD4082D9D5CEA101
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId067C3373951818DFCE20D3F8E36275DCE727D0A45
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.9.116.36
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm006:18:43
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LMHN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 N Webster St PO Box 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Taylorville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062568
ReturnHeader/PreparerPersonGrp/PhoneNum02178249661
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard K Hooper
ReturnHeader/ReturnTs02019-05-09T06:19:04-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,836,605
Liabilities
$3,911,567
Net assets
$925,038
Revenue
$281,711
Expenses
$313,196
Net income
-$31,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.23$0.40$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.84$3.91$0.93$0.28$0.31$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.56$4.60$0.96$0.28$0.26$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$4.37$0.95$0.29$0.28$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$4.62$0.93$0.29$0.37$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.55$4.54$1.02$0.31$0.37$0.05
2013Detailed filing. Detailed filing data is available for this year.$5.18$4.11$1.07$0.32$0.31$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$4.22$1.07$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$4.65$1.06$0.31
Peer Organizations

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