Civic Intelligence

368 Veterans Health Admin Cr Un

990 • Fiscal year 2013 • EIN 38-1556347

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 25, 2014

Organization ProfileN/A
4646 John R48201

(313) 576-3300

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.88x

Higher debt load relative to assets than 72% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

19th percentile

10.60x

Higher debt load relative to revenue than 19% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Net Margin

69th percentile

6.8%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

98th percentile

$81,769

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

26th percentile

-7.1%

Faster revenue growth than 26% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$2,846,589

Down $497,914 (-15%) from 2012

Net Assets

Up

$333,651

Up $16,104 (+5.1%) from 2012

Liabilities

Down

$2,512,938

Down $514,018 (-17%) from 2012

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin69th percentile

Revenue

Down

$237,153

Down $18,191 (-7.1%) from 2012

Expenses

Down

$221,049

Down $23,449 (-9.6%) from 2012

Net Income

Up

$16,104

Up $5,258 (+48%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,500,402Liabilities 2011: $3,185,159Net Assets 2011: $315,2432011Assets 2012: $3,344,503Liabilities 2012: $3,026,956Net Assets 2012: $317,5472012Assets 2013: $2,846,589Liabilities 2013: $2,512,938Net Assets 2013: $333,6512013Assets 2014: $3,518,195Liabilities 2014: $3,175,042Net Assets 2014: $343,1532014Assets 2015: $2,032,533Liabilities 2015: $1,681,660Net Assets 2015: $350,7832015

Highlighted filing

2013

Assets$2,846,589
Liabilities$2,512,938
Net Assets$333,651
Open 2013 Filing

Operations Trend

Revenue Growth26th percentile

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

$300K$200K$100K$0Revenue 2011: $272,089Expenses 2011: $253,387Net Income 2011: $18,7022011Revenue 2012: $255,344Expenses 2012: $244,498Net Income 2012: $10,8462012Revenue 2013: $237,153Expenses 2013: $221,049Net Income 2013: $16,1042013Revenue 2014: $251,802Expenses 2014: $242,321Net Income 2014: $9,4812014Revenue 2015: $277,195Expenses 2015: $269,476Net Income 2015: $7,7192015

Highlighted filing

2013

Revenue$237,153
Expenses$221,049
Net Income$16,104
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 25, 2014
Return Version
2013v3.1
Gross Receipts
$237,153
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,729,175$1,379,416▼ $349,759
Savings and Temporary Cash Investments$1,289,508$1,138,889▼ $150,619
Rtn Earn Endowment Incm Other Fnds$317,547$333,651▲ $16,104
Cash and Non-Interest-Bearing Accounts$214,432$215,078▲ $646
Land, Buildings, and Equipment, Net$34,626$26,230▼ $8,396
Investments Other Securities$18,400$18,400→ $0
Accounts Receivable-$10,765-
Prepaid Expenses and Deferred Charges$8,241$9,862▲ $1,621
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,344,503$2,846,589▼ $497,914
Other Assets Total$50,121$47,949▼ $2,172
Liabilities
Other Liabilities$3,027,431$2,512,938▼ $514,493
Accounts Payable and Accrued Expenses$-475--
Total Liabilities$3,026,956$2,512,938▼ $514,018
Net Assets / Fund Balance
Total Net Assets Fund Balance$317,547$333,651▲ $16,104
Total Liabilities and Net Assets / Fund Balance$3,344,503$2,846,589▼ $497,914

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,964-$25,964
Other Land Buildings$266-$266
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ina AfutitiCEOFT$81,769$81,769

Board Members and Trustees

NameTitle
Joseph SmithChairman
Zetta RobertsVice Chairman
Wayne SnyderDirector
Valerie OwensSecretary
Harriette WoodardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$234,756
Investment Income
$1,227
Other Revenue
$1,170
Change in Net Assets
$16,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,051
Other Expenses$78,998
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---$81,769
Other Salaries and Wages---$45,085
Office Expenses---$25,543
Other Employee Benefits---$15,197
Interest---$8,590
Advertising---$6,289
Travel---$1,068
Other Expenses---$-5,500
Total Functional Expenses$0$0$0$221,049
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
Share Accounts$2,243,953
Deposit Accounts$268,985
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
Yes
Other officer compensation reviewed
Yes
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 6: Explanation of Classes of Members or Shareholder

“Section 501c(14) Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.”

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

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

EIN
38-1556347
Phone
3135763300

Signing Officer

Name
Ina Afutiti
Title
CEO
Signed
2014-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ina Afutiti
Formed
1954
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
11

Preparer

Preparer
Robin Rivers
Phone
8005225820
Raw XML Appendix364 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/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/OtherExpensesGrp/Desc3Provision for Loan Losses
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including vehicle and other. The total number of loans outstanding at 12/31/2013 was 222.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03344503
IRS990/TotalAssetsEOYAmt02846589
IRS990/TotalAssetsGrp/BOYAmt03344503
IRS990/TotalAssetsGrp/EOYAmt02846589
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0221049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03026956
IRS990/TotalLiabilitiesEOYAmt02512938
IRS990/TotalLiabilitiesGrp/BOYAmt03026956
IRS990/TotalLiabilitiesGrp/EOYAmt02512938
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0317547
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0333651
IRS990/TotalProgramServiceRevenueAmt0234756
IRS990/TotalReportableCompFromOrgAmt081769
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0237153
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0237153
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03344503
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02846589
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt01068
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine104646 John R
IRS990/USAddress/City0Detroit
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ina Afutiti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine10Credit Union Chartered in Michigan
ReturnHeader/Filer/BusinessName/BusinessNameLine20Veterans Health Administration Credit Un
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0381556347
ReturnHeader/Filer/PhoneNum03135763300
ReturnHeader/Filer/USAddress/AddressLine104646 John R
ReturnHeader/Filer/USAddress/City0Detroit
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048201
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103615 NEWBURG ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin Rivers
ReturnHeader/ReturnTs02014-06-25T16:10:57-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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
$2,846,589
Liabilities
$2,512,938
Net assets
$333,651
Revenue
$237,153
Expenses
$221,049
Net income
$16,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Summary only. Only limited summary data is available for this year.$2.03$1.68$0.35$0.28$0.27$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.52$3.18$0.34$0.25$0.24$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.85$2.51$0.33$0.24$0.22$0.02
2012Summary only. Only limited summary data is available for this year.$3.34$3.03$0.32$0.26$0.24$0.01
2011Summary only. Only limited summary data is available for this year.$3.50$3.19$0.32$0.27$0.25$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $1M-$5M nonprofits