Civic Intelligence

Tomah Area Credit Union

990 • Fiscal year 2019 • EIN 39-0966830

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 31, 2020

Organization ProfileWWW.TACUONLINE.COM

View Organization Page

PO Box 940Tomah, WI 54660

(608) 372-4736

Siviq Scores

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

Liabilities / Assets

67th percentile

0.89x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

18.94x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

86th percentile

22%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$138,027

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Asset Growth

75th percentile

6.5%

Faster asset growth than 75% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

9.5%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$66,628,756

Up $4,088,609 (+6.5%) from 2018

Net Assets

Up

$7,031,351

Up $702,621 (+11%) from 2018

Liabilities

Up

$59,597,405

Up $3,385,988 (+6.0%) from 2018

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin86th percentile

Revenue

Up

$3,147,121

Up $272,932 (+9.5%) from 2018

Expenses

Up

$2,444,499

Up $80,681 (+3.4%) from 2018

Net Income

Up

$702,622

Up $192,251 (+38%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$150M$100M$50M$0Assets 2010: $50,130,277Liabilities 2010: $45,418,861Net Assets 2010: $4,711,4162010Assets 2011: $52,348,322Liabilities 2011: $47,597,224Net Assets 2011: $4,751,0982011Assets 2012: $53,665,562Liabilities 2012: $48,552,444Net Assets 2012: $5,113,1182012Assets 2013: $54,490,678Liabilities 2013: $49,162,662Net Assets 2013: $5,328,0162013Assets 2014: $56,830,903Liabilities 2014: $51,382,551Net Assets 2014: $5,448,3522014Assets 2015: $57,279,573Liabilities 2015: $51,732,031Net Assets 2015: $5,547,5422015Assets 2016: $57,841,230Liabilities 2016: $52,288,836Net Assets 2016: $5,552,3942016Assets 2017: $60,328,102Liabilities 2017: $54,509,743Net Assets 2017: $5,818,3592017Assets 2018: $62,540,147Liabilities 2018: $56,211,417Net Assets 2018: $6,328,7302018Assets 2019: $66,628,756Liabilities 2019: $59,597,405Net Assets 2019: $7,031,3512019Assets 2020: $88,934,855Liabilities 2020: $81,315,123Net Assets 2020: $7,619,7322020Assets 2021: $100,004,143Liabilities 2021: $91,790,260Net Assets 2021: $8,213,8832021Assets 2022: $98,532,665Liabilities 2022: $89,365,064Net Assets 2022: $9,167,6012022Assets 2023: $98,978,712Liabilities 2023: $88,073,215Net Assets 2023: $10,905,4972023Assets 2024: $109,533,670Liabilities 2024: $96,781,038Net Assets 2024: $12,752,6322024Assets 2025: $121,088,675Liabilities 2025: $106,280,719Net Assets 2025: $14,807,9562025

Highlighted filing

2019

Assets$66,628,756
Liabilities$59,597,405
Net Assets$7,031,351
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $2,411,8432010Expenses 2011: $2,338,7422011Expenses 2012: $2,124,1762012Revenue 2013: $2,426,149Expenses 2013: $2,121,741Net Income 2013: $304,4082013Revenue 2014: $2,182,380Expenses 2014: $2,062,044Net Income 2014: $120,3362014Revenue 2015: $2,240,970Expenses 2015: $2,141,780Net Income 2015: $99,1902015Revenue 2016: $2,364,491Expenses 2016: $2,359,639Net Income 2016: $4,8522016Revenue 2017: $2,556,483Expenses 2017: $2,290,518Net Income 2017: $265,9652017Revenue 2018: $2,874,189Expenses 2018: $2,363,818Net Income 2018: $510,3712018Revenue 2019: $3,147,121Expenses 2019: $2,444,499Net Income 2019: $702,6222019Revenue 2020: $3,141,614Expenses 2020: $2,553,234Net Income 2020: $588,3802020Revenue 2021: $3,057,536Expenses 2021: $2,463,385Net Income 2021: $594,1512021Revenue 2022: $3,376,958Expenses 2022: $2,423,240Net Income 2022: $953,7182022Revenue 2023: $4,837,364Expenses 2023: $3,099,468Net Income 2023: $1,737,8962023Revenue 2024: $5,878,229Expenses 2024: $4,031,094Net Income 2024: $1,847,1352024Revenue 2025: $6,269,770Expenses 2025: $4,214,446Net Income 2025: $2,055,3242025

Highlighted filing

2019

Revenue$3,147,121
Expenses$2,444,499
Net Income$702,622
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 31, 2020
Return Version
2019v5.0
Gross Receipts
$3,599,308
Mission and Program Overview

Mission

The mission of this credit union to provide the best financial service to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$45,311,501$47,894,975▲ $2,583,474
Savings and Temporary Cash Investments$10,137,545$12,132,390▲ $1,994,845
Rtn Earn Endowment Incm Other Fnds$6,328,730$7,031,351▲ $702,621
Investments Program Related$4,249,853$4,024,866▼ $224,987
Land, Buildings, and Equipment, Net$1,166,268$1,114,196▼ $52,072
Cash and Non-Interest-Bearing Accounts$489,706$457,380▼ $32,326
Prepaid Expenses and Deferred Charges$143,248$161,514▲ $18,266
Accounts Receivable$13,050$14,209▲ $1,159
Total Assets$62,540,147$66,628,756▲ $4,088,609
Other Assets Total$1,028,976$829,226▼ $199,750
Liabilities
Other Liabilities$55,685,835$59,193,893▲ $3,508,058
Accounts Payable and Accrued Expenses$466,111$351,365▼ $114,746
Escrow Account Liability$59,471$52,147▼ $7,324
Total Liabilities$56,211,417$59,597,405▲ $3,385,988
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,328,730$7,031,351▲ $702,621
Total Liabilities and Net Assets / Fund Balance$62,540,147$66,628,756▲ $4,088,609

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$843,408$709,304$1,552,712
Equipment$154,698$508,772$663,470
Land$116,090-$116,090
Investment Program Related Org$28,757--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd ScholzPresident/ceFT$104,822$33,205$138,027
Christine LaufenbergVP Member SeFT$58,992$20,163$79,155
Jayme AltmanHead of AccoFT$62,130$14,481$76,611
Gary KlinkerSecretary-$1,500-$1,500
John FroelichVice Chair-$1,400-$1,400
Martha KlattDirector-$1,400-$1,400
Paul WieseBoard Chair-$1,400-$1,400
Alan LaylanDirector-$1,300-$1,300
Linda JohnsonTreasurer-$1,200-$1,200
Joesph BubnichDirector-$700-$700

Highest Paid Contractors

ContractorServicesLocationCompensation
Enhanced Software Products INCCore Processor1811 N HUTCHINSON RAOD, Spokane, WA 99212$142,964
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,684,319
Investment Income
$453,740
Other Revenue
$9,062
Change in Net Assets
$702,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,370,328
Salaries, Compensation, and Employee Benefits$1,072,171
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$546,573
Office Expenses---$239,754
Current Officers, Directors, Trustees, and Key Employees---$234,844
Information Technology---$136,683
Other Employee Benefits---$126,184
Depreciation Depletion---$107,901
Pension Plan Contributions---$105,272
Occupancy---$69,057
Payroll Taxes---$59,298
Advertising---$47,502
Other Expenses---$42,780
Conferences and Meetings---$21,817
Insurance---$21,205
Fees for Services Accounting---$14,654
Travel---$9,148
Grants to Domestic Orgs---$2,000
Fees for Services Legal---$778
Total Functional Expenses$0$0$0$2,444,499
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 Shares & Deposits$59,175,068
Deferred Comp Plans$70,972
Escrow Accounts to Line 21 Bal Sheet$-52,147
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“The bylaws were amended in 2019 to implement an alternative election method for the board of directors. If a member would like to run for an open position, they must obtain 50 member signatures and provide this to the chairperson at least 40 days prior to the annual meeting.”

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A 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.”

Form 990, Page 6, Part VI, Line 11B

“The organization provides the necessary information to independent cpa to prepare the 990. Management reviews the 990 for accuracy, and then authorizes the cpa to e-file the approved return. Management reviews the return with the board of directors at their next board meeting.”

Form 990, Page 6, Part VI, Line 12C

“The credit unions conflict of interest policy is constantly monitored. Each time an issue arrises, the policy is reviewed to ensure compliance.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors determines and approves the compensation for the president using comparability studies.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for all other officers and key employees is determined by the president using comparability studies.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to members upon request.”

Filing and Contact Details

Filer

Filer Name
Tomah Area Credit Union
EIN
39-0966830
Phone
6083724736
Address
PO BOX 940, TOMAH, WI 54660

Signing Officer

Name
Todd Scholz
Title
President/CEO
Phone
6083724736
Signed
2020-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Scholz
Formed
1939
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
29
Volunteers
7

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING -1”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.”

Raw XML AppendixShowing 400 of 429 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/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01028976
IRS990/OtherAssetsTotalGrp/EOYAmt0829226
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0126184
IRS990/OtherExpensesGrp/Desc0DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc1DEBIT CARD PROGRAMS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0288285
IRS990/OtherExpensesGrp/TotalAmt1261575
IRS990/OtherExpensesGrp/TotalAmt2109189
IRS990/OtherExpensesGrp/TotalAmt342780
IRS990/OtherLiabilitiesGrp/BOYAmt055685835
IRS990/OtherLiabilitiesGrp/EOYAmt059193893
IRS990/OtherSalariesAndWagesGrp/TotalAmt0546573
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt045311501
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt047894975
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt059298
IRS990/PensionPlanContributionsGrp/TotalAmt0105272
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143248
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0161514
IRS990/PrincipalOfficerNm0TODD SCHOLZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/BusinessCd4524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEMBER RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/Desc4MECH BRKDWN INSUR INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01974564
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1568773
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2126692
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01974564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1568773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2126692
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt09058
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt14500
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 697 NEW LOANS TO OUR MEMBERS DURING 2019. AS OF 12/31/19 WE HAD 3,448 LOANS TO OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000
IRS990/PYInvestmentIncomeAmt0351422
IRS990/PYOtherExpensesAmt01219192
IRS990/PYOtherRevenueAmt09291
IRS990/PYProgramServiceRevenueAmt02513476
IRS990/PYRevenuesLessExpensesAmt0510371
IRS990/PYSalariesCompEmpBnftPaidAmt01142626
IRS990/PYTotalExpensesAmt02363818
IRS990/PYTotalRevenueAmt02874189
IRS990/ReconcilationRevenueExpnssAmt0702622
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt09062
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt09062
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06328730
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07031351
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010137545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012132390
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0843408
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0709304
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01552712
IRS990ScheduleD/EquipmentGrp/BookValueAmt0154698
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0508772
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0663470
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03206383
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1367475
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2277633
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt389600
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt455018
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt528757
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NY LIFE INVESTMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCT CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WISCUB STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3FHLB STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4REACH BUSINESS LENDERS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5PSU CAPITAL CREDITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt0116090
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0116090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059175068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt170972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-52147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMP PLANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ESCROW ACCOUNTS TO LINE 21 BAL SHEET
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01114196
IRS990ScheduleD/TotalBookValueProgramRltdAmt04024866
IRS990ScheduleD/TotalLiabilityAmt059193893
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BYLAWS WERE AMENDED IN 2019 TO IMPLEMENT AN ALTERNATIVE ELECTION METHOD FOR THE BOARD OF DIRECTORS. IF A MEMBER WOULD LIKE TO RUN FOR AN OPEN POSITION, THEY MUST OBTAIN 50 MEMBER SIGNATURES AND PROVIDE THIS TO THE CHAIRPERSON AT LEAST 40 DAYS PRIOR TO THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES THE NECESSARY INFORMATION TO INDEPENDENT CPA TO PREPARE THE 990. MANAGEMENT REVIEWS THE 990 FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD OF DIRECTORS AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED. EACH TIME AN ISSUE ARRISES, THE POLICY IS REVIEWED TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION FOR THE PRESIDENT USING COMPARABILITY STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT USING COMPARABILITY STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt062540147
IRS990/TotalAssetsEOYAmt066628756
IRS990/TotalAssetsGrp/BOYAmt062540147
IRS990/TotalAssetsGrp/EOYAmt066628756
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02444499
IRS990/TotalGrossUBIAmt014290
IRS990/TotalLiabilitiesBOYAmt056211417
IRS990/TotalLiabilitiesEOYAmt059597405
IRS990/TotalLiabilitiesGrp/BOYAmt056211417
IRS990/TotalLiabilitiesGrp/EOYAmt059597405
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06328730
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07031351
IRS990/TotalOtherCompensationAmt067849
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0732
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt0732
IRS990/TotalProgramServiceRevenueAmt02684319
IRS990/TotalReportableCompFromOrgAmt0234844
IRS990/TotalRevenueGrp/ExclusionAmt0453961
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02678870
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03147121
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014290
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt062540147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066628756
IRS990/TravelGrp/TotalAmt09148
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 940
IRS990/USAddress/CityNm0TOMAH
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054660
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TACUONLINE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD SCHOLZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06083724736
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOMAH AREA CREDIT UNION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,628,756
Liabilities
$59,597,405
Net assets
$7,031,351
Revenue
$3,147,121
Expenses
$2,444,499
Net income
$702,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$121$106$14.8$6.27$4.21$2.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$96.8$12.8$5.88$4.03$1.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.0$88.1$10.9$4.84$3.10$1.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$98.5$89.4$9.17$3.38$2.42$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$100$91.8$8.21$3.06$2.46$0.59
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.9$81.3$7.62$3.14$2.55$0.59
2019Detailed filing. Detailed filing data is available for this year.$66.6$59.6$7.03$3.15$2.44$0.70
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.5$56.2$6.33$2.87$2.36$0.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.3$54.5$5.82$2.56$2.29$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.8$52.3$5.55$2.36$2.36$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.3$51.7$5.55$2.24$2.14$0.10
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.8$51.4$5.45$2.18$2.06$0.12
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$54.5$49.2$5.33$2.43$2.12$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$48.6$5.11$2.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.3$47.6$4.75$2.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.1$45.4$4.71$2.41
Peer Organizations

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