Civic Intelligence

Tower Credit Union

990 • Fiscal year 2011 • EIN 39-0523613

Jan 01, 2011 to Dec 31, 2011 • Filed on Mar 06, 2012

Organization Profile

View Organization Page

610 N Second Avenue54401
Siviq Scores

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

Liabilities / Assets

91st percentile

0.91x

Higher debt load relative to assets than 91% of similar nonprofits.

2011 filings • $25M-$50M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

19th percentile

-3.8%

Faster asset growth than 19% of similar nonprofits.

2011 filings • $25M-$50M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$45,280,034

Down $1,810,436 (-3.8%) from 2010

Net Assets

Down

$4,002,334

Down $660,721 (-14%) from 2010

Liabilities

Down

$41,277,700

Down $1,149,715 (-2.7%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,327,991

Down $207,910 (-5.9%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$60M$40M$20M$0Assets 2010: $47,090,470Liabilities 2010: $42,427,415Net Assets 2010: $4,663,0552010Assets 2011: $45,280,034Liabilities 2011: $41,277,700Net Assets 2011: $4,002,3342011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2011

Assets$45,280,034
Liabilities$41,277,700
Net Assets$4,002,334
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,535,9012010Expenses 2011: $3,327,9912011Revenue 2012: $603,061Expenses 2012: $730,158Net Income 2012: -$127,0972012

Highlighted filing

2011

Revenue-
Expenses$3,327,991
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Mar 6, 2012
Return Version
2011v1.2
Gross Receipts
$2,767,049
Mission and Program Overview

Major Activities

Activity 2
The credit union has several types of loan programs available for our members. We funded 1,777 new loans during 2011. As of 12/31/11 we had 3,036 loans to our members.
Activity 3
.
Filing and Contact Details

Filer

EIN
39-0523613
Raw XML AppendixShowing 400 of 412 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/Activity2/Description0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,777 NEW LOANS DURING 2011. AS OF 12/31/11 WE HAD 3,036 LOANS TO OUR MEMBERS.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR CORRECTNESS, AND THEN AUTHORIZES CPA TO FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation4PRESIDENT REVIEWS APPLICABLE SALARY SURVEYS AND RECOMMENDS WAGE RATES AND PERCENTAGE INCREASES TO BOARD OF DIRECTORS. BOARD HAS FINAL APPROVAL OF WAGES/SALARIES, AND APPROVES SALARY FOR PRESIDENT.
IRS990ScheduleO/GeneralExplanation/Explanation5PRESIDENT REVIEWS APPLICABLE SALARY SURVEYS AND RECOMMENDS WAGE RATES AND PERCENTAGE INCREASES TO BOARD OF DIRECTORS. BOARD HAS FINAL APPROVAL OF WAGES/SALARIES, AND APPROVES SALARY FOR PRESIDENT.
IRS990ScheduleO/GeneralExplanation/Explanation6UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier1ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier2DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
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ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0390523613
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ReturnHeader/Filer/USAddress/State0WI

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$45,280,034
Liabilities
$41,277,700
Net assets
$4,002,334
Revenue
-
Expenses
$3,327,991
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.60$0.73$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$41.3$4.00$3.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$42.4$4.66$3.54