Civic Intelligence

Iron County Community Credit Union

990 • Fiscal year 2013 • EIN 39-0833053

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 06, 2014

Organization Profilewww.ironcccu.com

View Organization Page

5702 W US Hwy 2Hurley, WI 54534

(715) 561-2842

Siviq Scores

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

Liabilities / Assets

51st percentile

0.87x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

17.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

78th percentile

12%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

67th percentile

$80,012

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

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

Asset Growth

89th percentile

7.5%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

29th percentile

-3.5%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$20,677,847

Up $1,436,176 (+7.5%) from 2012

Net Assets

Up

$2,642,695

Up $130,153 (+5.2%) from 2012

Liabilities

Up

$18,035,152

Up $1,306,023 (+7.8%) from 2012

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin78th percentile

Revenue

Down

$1,060,984

Down $38,249 (-3.5%) from 2012

Expenses

Up

$930,831

Up $15,427 (+1.7%) from 2012

Net Income

Down

$130,153

Down $53,676 (-29%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$60M$40M$20M$0Assets 2011: $17,149,360Liabilities 2011: $14,820,647Net Assets 2011: $2,328,7132011Assets 2012: $19,241,671Liabilities 2012: $16,729,129Net Assets 2012: $2,512,5422012Assets 2013: $20,677,847Liabilities 2013: $18,035,152Net Assets 2013: $2,642,6952013Assets 2014: $22,493,768Liabilities 2014: $19,786,994Net Assets 2014: $2,706,7742014Assets 2015: $23,492,708Liabilities 2015: $20,626,843Net Assets 2015: $2,865,8652015Assets 2016: $23,785,658Liabilities 2016: $20,848,043Net Assets 2016: $2,937,6152016Assets 2017: $24,699,238Liabilities 2017: $21,482,663Net Assets 2017: $3,216,5752017Assets 2018: $25,888,935Liabilities 2018: $22,346,488Net Assets 2018: $3,542,4472018Assets 2019: $28,283,257Liabilities 2019: $24,227,588Net Assets 2019: $4,055,6692019Assets 2020: $35,407,810Liabilities 2020: $30,969,262Net Assets 2020: $4,438,5482020Assets 2021: $44,331,710Liabilities 2021: $39,474,041Net Assets 2021: $4,857,6692021Assets 2022: $43,715,405Liabilities 2022: $38,306,780Net Assets 2022: $5,408,6252022

Highlighted filing

2013

Assets$20,677,847
Liabilities$18,035,152
Net Assets$2,642,695
Open 2013 Filing

Operations Trend

Revenue Growth29th percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $838,0622011Revenue 2012: $1,099,233Expenses 2012: $915,404Net Income 2012: $183,8292012Revenue 2013: $1,060,984Expenses 2013: $930,831Net Income 2013: $130,1532013Revenue 2014: $1,138,785Expenses 2014: $1,046,224Net Income 2014: $92,5612014Revenue 2015: $1,155,308Expenses 2015: $996,217Net Income 2015: $159,0912015Revenue 2016: $1,156,814Expenses 2016: $1,085,064Net Income 2016: $71,7502016Revenue 2017: $1,228,746Expenses 2017: $949,786Net Income 2017: $278,9602017Revenue 2018: $1,245,019Expenses 2018: $919,148Net Income 2018: $325,8712018Revenue 2019: $1,386,417Expenses 2019: $873,196Net Income 2019: $513,2212019Revenue 2020: $1,276,729Expenses 2020: $893,850Net Income 2020: $382,8792020Revenue 2021: $1,217,058Expenses 2021: $797,937Net Income 2021: $419,1212021Revenue 2022: $1,569,046Expenses 2022: $1,018,090Net Income 2022: $550,9562022

Highlighted filing

2013

Revenue$1,060,984
Expenses$930,831
Net Income$130,153
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 6, 2014
Return Version
2013v3.1
Gross Receipts
$1,090,984
Mission and Program Overview

Mission

The iron county community credit union is a member-owned community based financial co-operative, whose goal is to become its members' preferred financial institution, offering a reasonable range of financial services at fair and reasonable rates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,526,628$12,439,327▲ $912,699
Savings and Temporary Cash Investments$6,454,684$6,862,163▲ $407,479
Rtn Earn Endowment Incm Other Fnds$2,512,542$2,642,695▲ $130,153
Cash and Non-Interest-Bearing Accounts$354,312$499,981▲ $145,669
Land, Buildings, and Equipment, Net$517,729$490,271▼ $27,458
Investments Program Related$245,383$262,627▲ $17,244
Prepaid Expenses and Deferred Charges$68,405$29,401▼ $39,004
Total Assets$19,241,671$20,677,847▲ $1,436,176
Other Assets Total$74,530$94,077▲ $19,547
Liabilities
Other Liabilities$16,705,375$18,003,783▲ $1,298,408
Accounts Payable and Accrued Expenses$23,754$31,369▲ $7,615
Total Liabilities$16,729,129$18,035,152▲ $1,306,023
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,512,542$2,642,695▲ $130,153
Total Liabilities and Net Assets / Fund Balance$19,241,671$20,677,847▲ $1,436,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,023$239,621$611,644
Other Land Buildings$41,986$273,722$315,708
Equipment$20,672$177,143$197,815
Land$55,590-$55,590
Investment Program Related Org$95,464--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale R GottschalkCEOFT$75,442$4,570$80,012

Board Members and Trustees

NameTitle
Susan WolfeChair
Olive NiemiVice-Chair
Dale OfstadDirector
Laura GrossDirector
Ronald AhonenDirector
Charlene NewhouseSecretary
Stephen HarmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,020,523
Investment Income
$35,943
Other Revenue
$4,518
Change in Net Assets
$130,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$604,299
Salaries, Compensation, and Employee Benefits$326,532
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$200,217
Other Salaries and Wages---$192,433
Current Officers, Directors, Trustees, and Key Employees---$75,442
Depreciation Depletion---$61,735
Fees for Services Other---$45,589
Occupancy---$40,744
Information Technology---$38,832
Advertising---$31,752
Other Employee Benefits---$24,385
Payroll Taxes---$19,272
Insurance---$16,423
Pension Plan Contributions---$15,000
Other Expenses-$14,962-$14,962
Payments to Affiliates---$11,665
All Other Expenses---$10,583
Fees for Services Legal---$7,686
Fees for Services Accounting---$6,778
Conferences and Meetings---$5,263
Travel---$4,562
Total Functional Expenses$0$0$0$930,831
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$18,000,129
Accrued Dividends$3,654
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the membership utilizing their one vote per member”

Governing body decisions Part VI line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).”

Form 990 governing body review Part VI line 11

“Management will review the prepared 990 before it is filed.”

Conflict of interest policy compliance Part VI line 12C

“An annual review of policies is done”

Governing documents etc available to public Part VI line 19

“They are available upon request.”

Filing and Contact Details

Filer

EIN
39-0833053

Signing Officer

Name
Dale Gottschalk
Title
CEO
Phone
7155612842
Signed
2014-08-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Dale R Gottschalk
Formed
1950
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
7

Preparer

Preparer
Cari Thompson
Phone
2625490200
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The 990T will be filed via US Postal mail the same day the Form 990 is e-filed.”

Raw XML Appendix384 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/PYRevenuesLessExpensesAmt0183829
IRS990/PYSalariesCompEmpBnftPaidAmt0319369
IRS990/PYTotalExpensesAmt0915404
IRS990/PYTotalRevenueAmt01099233
IRS990/ReconcilationRevenueExpnssAmt0130153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt09721
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt09721
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02512542
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02642695
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06454684
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06862163
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0372023
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0239621
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0611644
IRS990ScheduleD/EquipmentGrp/BookValueAmt020672
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0177143
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0197815
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0164663
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt295464
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1WISCUB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CCCU-PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt055590
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055590
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041986
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0273722
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0315708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018000129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0490271
IRS990ScheduleD/TotalBookValueProgramRltdAmt0262627
IRS990ScheduleD/TotalLiabilityAmt018003783
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990T will be filed via US Postal mail the same day the Form 990 is e-filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors is elected by the membership utilizing their one vote per member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Management will review the prepared 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5An annual review of policies is done
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6They are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt019241671
IRS990/TotalAssetsEOYAmt020677847
IRS990/TotalAssetsGrp/BOYAmt019241671
IRS990/TotalAssetsGrp/EOYAmt020677847
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0930831
IRS990/TotalGrossUBIAmt01169
IRS990/TotalLiabilitiesBOYAmt016729129
IRS990/TotalLiabilitiesEOYAmt018035152
IRS990/TotalLiabilitiesGrp/BOYAmt016729129
IRS990/TotalLiabilitiesGrp/EOYAmt018035152
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02512542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02642695
IRS990/TotalOtherCompensationAmt04570
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01203
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01203
IRS990/TotalProgramServiceRevenueAmt01020523
IRS990/TotalReportableCompFromOrgAmt075442
IRS990/TotalRevenueGrp/ExclusionAmt045664
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01014151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01060984
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01169
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019241671
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020677847
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt04562
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ironcccu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale Gottschalk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07155612842
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10Iron County Community Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0390833053
ReturnHeader/Filer/USAddress/AddressLine105702 W US HWY 2
ReturnHeader/Filer/USAddress/City0Hurley
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054534
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02014-11-11T16:30:45-06:00
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
$20,677,847
Liabilities
$18,035,152
Net assets
$2,642,695
Revenue
$1,060,984
Expenses
$930,831
Net income
$130,153
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.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.7$38.3$5.41$1.57$1.02$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.3$39.5$4.86$1.22$0.80$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$31.0$4.44$1.28$0.89$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$24.2$4.06$1.39$0.87$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$22.3$3.54$1.25$0.92$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$21.5$3.22$1.23$0.95$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$20.8$2.94$1.16$1.09$0.07
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$23.5$20.6$2.87$1.16$1.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$22.5$19.8$2.71$1.14$1.05$0.09
2013Detailed filing. Detailed filing data is available for this year.$20.7$18.0$2.64$1.06$0.93$0.13
2012Summary only. Only limited summary data is available for this year.$19.2$16.7$2.51$1.10$0.92$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$14.8$2.33$0.84