Civic Intelligence

Credit Union Chartered in the State of Michigan Health One Credit Union

990 • Fiscal year 2013 • EIN 38-1550696

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

Organization Profilewww.healthonecu.com

View Organization Page

600 Lafayette East48226

(313) 225-9755

Siviq Scores

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

Liabilities / Assets

84th percentile

0.91x

Higher debt load relative to assets than 84% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

13th percentile

10.69x

Higher debt load relative to revenue than 13% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

3rd percentile

-43%

Higher net margin than 3% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

100th percentile

$204,501

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Asset Growth

20th percentile

-2.5%

Faster asset growth than 20% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

34th percentile

-0.9%

Faster revenue growth than 34% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$19,670,038

Down $503,725 (-2.5%) from 2012

Net Assets

Down

$1,735,642

Down $720,170 (-29%) from 2012

Liabilities

Up

$17,934,396

Up $216,445 (+1.2%) from 2012

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin3rd percentile

Revenue

Down

$1,678,156

Down $15,262 (-0.9%) from 2012

Expenses

Up

$2,398,326

Up $775,977 (+48%) from 2012

Net Income

Down

-$720,170

Down $791,239 (-1113%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$30M$20M$10M$0Assets 2010: $15,776,336Liabilities 2010: $13,457,526Net Assets 2010: $2,318,8102010Assets 2011: $17,268,057Liabilities 2011: $14,883,314Net Assets 2011: $2,384,7432011Assets 2012: $20,173,763Liabilities 2012: $17,717,951Net Assets 2012: $2,455,8122012Assets 2013: $19,670,038Liabilities 2013: $17,934,396Net Assets 2013: $1,735,6422013

Highlighted filing

2013

Assets$19,670,038
Liabilities$17,934,396
Net Assets$1,735,642
Open 2013 Filing

Operations Trend

Revenue Growth34th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,645,0712010Revenue 2011: $1,807,716Expenses 2011: $1,741,783Net Income 2011: $65,9332011Revenue 2012: $1,693,418Expenses 2012: $1,622,349Net Income 2012: $71,0692012Revenue 2013: $1,678,156Expenses 2013: $2,398,326Net Income 2013: -$720,1702013

Highlighted filing

2013

Revenue$1,678,156
Expenses$2,398,326
Net Income-$720,170
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v4.0
Gross Receipts
$1,706,493
Mission and Program Overview

Mission

With integrity, encourage thrift among our members, create a source of credit at legitimate rates of interest, and provide an opportunity for our members to use and control their own money on a democratic basis in order to improve their economic and social standing.

To provide financial services to member owners with a common bond

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,147,370$9,640,324▼ $507,046
Investments Program Related$6,108,491$5,734,646▼ $373,845
Rtn Earn Endowment Incm Other Fnds$2,455,812$1,735,642▼ $720,170
Investments Other Securities$1,508,501$1,602,516▲ $94,015
Cash and Non-Interest-Bearing Accounts$794,044$959,431▲ $165,387
Savings and Temporary Cash Investments$90,412$753,261▲ $662,849
Land, Buildings, and Equipment, Net$170,457$159,884▼ $10,573
Prepaid Expenses and Deferred Charges$89,844$91,135▲ $1,291
Accounts Receivable$181,729$524▼ $181,205
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$20,173,763$19,670,038▼ $503,725
Other Assets Total$1,082,915$728,317▼ $354,598
Liabilities
Other Liabilities$17,277,235$17,670,849▲ $393,614
Accounts Payable and Accrued Expenses$440,716$263,547▼ $177,169
Total Liabilities$17,717,951$17,934,396▲ $216,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,455,812$1,735,642▼ $720,170
Total Liabilities and Net Assets / Fund Balance$20,173,763$19,670,038▼ $503,725

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$100,555$762,474$863,029
Leasehold Improvements$59,329$165,795$225,124
Investment Program Related Org$5,734,646--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Securities$992,000--
Closely Held Equity Interests$610,416--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James PernaSecretary/Treasurer/CEO until May 2014FT$160,523$43,978$204,501
Dawn SiewniakSenior BookkeeperFT$39,661$2,462$42,123

Board Members and Trustees

NameTitle
Charles SmithPresident
Wanda BlackVice President
Brent MikulskiDirector
John BeckerDirector
Lisa RedickDirector
Ray WarnerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,675,097
Investment Income
$21,966
Other Revenue
$-18,907
Change in Net Assets
$-720,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,569,028
Salaries, Compensation, and Employee Benefits$829,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$462,791
Current Officers, Directors, Trustees, and Key Employees---$246,624
Information Technology---$181,586
Office Expenses---$159,973
Interest---$123,788
Payroll Taxes---$59,628
Other Employee Benefits---$52,567
Occupancy---$43,197
Insurance---$36,288
Fees for Services Other---$32,441
Depreciation Depletion---$21,050
Advertising---$18,277
Conferences and Meetings---$17,098
Travel---$14,686
Fees for Services Accounting---$9,704
Other Expenses---$8,586
Pension Plan Contributions---$7,688
All Other Expenses---$3,002
Total Functional Expenses$0$0$0$2,398,326
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Debra Perna Director of OperationsSpouse of James Perna, CEO/Secretary/TreasurerCompensation & BenefitsNo$70,060
Lori WistieNiece of James Perna, CEO/Secretary/TreasurerCompensation & BenefitsNo$45,626
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$17,325,849
Non-Member Shares$345,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The Credit Union has a single class of members with equal rights of ownership, governance and voting.”

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

“Board members are elected at the annual meeting for 3 year staggered terms.”

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

“Charter changes require membership approval.”

Form 990, Part VI, Section B, Line 11B

“The 990 and schedules are reviewed by management and made available to the Board for review.”

Form 990, Part VI, Section B, Line 12C

“The Credit Union follows the policy handbook and requires signing an affidavit at the organizational meeting stating there are no conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The Board determines compensation for all employees at the yearly Organizational Meeting using the MCUL schedule. This was last performed in 2013.”

Form 990, Part VI, Section C, Line 19

“The Financial Statements are posted in the lobbies of the Credit Union. Other documents can be reviewed upon request.”

Filing and Contact Details

Filer

EIN
38-1550696
Phone
3132259755

Signing Officer

Name
Joseph Norton
Title
SubAgent for Conservator of Health
Phone
3132259755
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Siewniak
Formed
1957
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
21
Volunteers
6

Preparer

Preparer
Julia Lynn Rust
Phone
5862961155
Raw XML AppendixShowing 400 of 495 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/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02455812
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01735642
IRS990/SavingsAndTempCashInvstGrp/BOYAmt090412
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0753261
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0610416
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0100555
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0762474
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0863029
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05734646
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Alloya Corporate Federal Credit Union
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt059329
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0165795
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0225124
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017325849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1345000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Non-Member Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1992000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Service Center Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0159884
IRS990ScheduleD/TotalBookValueProgramRltdAmt05734646
IRS990ScheduleD/TotalBookValueSecuritiesAmt01602516
IRS990ScheduleD/TotalLiabilityAmt017670849
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016963
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt011015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James Perna
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary/Treasurer/CEO until May 2014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0204501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Debra Perna Director of Operations
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Lori Wistie
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Spouse of James Perna, CEO/Secretary/Treasurer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Niece of James Perna, CEO/Secretary/Treasurer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt070060
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt145626
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Compensation & Benefits
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Compensation & Benefits
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union has a single class of members with equal rights of ownership, governance and voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are elected at the annual meeting for 3 year staggered terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Charter changes require membership approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 and schedules are reviewed by management and made available to the Board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Credit Union follows the policy handbook and requires signing an affidavit at the organizational meeting stating there are no conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board determines compensation for all employees at the yearly Organizational Meeting using the MCUL schedule. This was last performed in 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Financial Statements are posted in the lobbies of the Credit Union. Other documents can be reviewed upon request.
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 B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine10Health One Credit Union
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0383283504
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Mortgage Processing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10First Mortgage Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0243325
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-425031
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine10600 E Lafayette
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0Detroit
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode048226
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,670,038
Liabilities
$17,934,396
Net assets
$1,735,642
Revenue
$1,678,156
Expenses
$2,398,326
Net income
-$720,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$19.7$17.9$1.74$1.68$2.40$0.72
2012Summary only. Only limited summary data is available for this year.$20.2$17.7$2.46$1.69$1.62$0.07
2011Summary only. Only limited summary data is available for this year.$17.3$14.9$2.38$1.81$1.74$0.07
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$13.5$2.32$1.65