Civic Intelligence

Water Light Credit Union

990 • Fiscal year 2013 • EIN 39-0978885

Jan 01, 2013 to Dec 31, 2013 • Filed on Feb 04, 2014

Organization ProfileN/A
1225 Tower AvenueSuperior, WI 54880

(715) 392-4524

Siviq Scores

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

Liabilities / Assets

56th percentile

0.85x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

26.23x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

34th percentile

-2.8%

Higher net margin than 34% of similar nonprofits.

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

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

57th percentile

1.1%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

25th percentile

-7.8%

Faster revenue growth than 25% of similar nonprofits.

2013 filings • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,319,886

Up $14,519 (+1.1%) from 2012

Net Assets

Down

$194,475

Down $1,207 (-0.6%) from 2012

Liabilities

Up

$1,125,411

Up $15,726 (+1.4%) from 2012

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin34th percentile

Revenue

$42,903

No earlier filing loaded for comparison.

Expenses

Down

$44,110

Down $5,179 (-11%) from 2012

Net Income

-$1,207

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,248,162Liabilities 2010: $1,052,121Net Assets 2010: $196,0412010Assets 2011: $1,317,428Liabilities 2011: $1,119,198Net Assets 2011: $198,2302011Assets 2012: $1,305,367Liabilities 2012: $1,109,685Net Assets 2012: $195,6822012Assets 2013: $1,319,886Liabilities 2013: $1,125,411Net Assets 2013: $194,4752013Assets 2014: $1,296,080Liabilities 2014: $1,105,066Net Assets 2014: $191,0142014Assets 2015: $1,399,380Liabilities 2015: $1,207,786Net Assets 2015: $191,5942015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2013

Assets$1,319,886
Liabilities$1,125,411
Net Assets$194,475
Open 2013 Filing

Operations Trend

Revenue Growth25th percentile

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

$400K$200K$0-$200KExpenses 2010: $52,7692010Revenue 2011: $50,502Expenses 2011: $48,313Net Income 2011: $2,1892011Expenses 2012: $49,2892012Revenue 2013: $42,903Expenses 2013: $44,110Net Income 2013: -$1,2072013Revenue 2014: $44,188Expenses 2014: $47,649Net Income 2014: -$3,4612014Revenue 2015: $41,661Expenses 2015: $41,081Net Income 2015: $5802015Revenue 2016: $43,239Expenses 2016: $234,833Net Income 2016: -$191,5942016

Highlighted filing

2013

Revenue$42,903
Expenses$44,110
Net Income-$1,207
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Feb 4, 2014
Return Version
2013v3.1
Gross Receipts
$42,903
Mission and Program Overview

Mission

The water-light credit union is a service provider to the employees of superior water, light and power. The credit unions mission is to provide support for the financial needs of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$585,809$669,531▲ $83,722
Other Notes and Loans Receivable, Net$682,999$614,320▼ $68,679
Rtn Earn Endowment Incm Other Fnds$195,682$194,475▼ $1,207
Investments Program Related$17,951$17,870▼ $81
Cash and Non-Interest-Bearing Accounts$10,335$10,417▲ $82
Land, Buildings, and Equipment, Net$6,745$5,765▼ $980
Prepaid Expenses and Deferred Charges$945$984▲ $39
Total Assets$1,305,367$1,319,886▲ $14,519
Other Assets Total$583$999▲ $416
Liabilities
Other Liabilities$1,108,757$1,125,411▲ $16,654
Accounts Payable and Accrued Expenses$928--
Total Liabilities$1,109,685$1,125,411▲ $15,726
Net Assets / Fund Balance
Total Net Assets Fund Balance$195,682$194,475▼ $1,207
Total Liabilities and Net Assets / Fund Balance$1,305,367$1,319,886▲ $14,519

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$3,182--
Other Land Buildings$5,765$1,153-
Other Assets Org$999--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Florence CoreyChairman
Lyn LarsonPresident
Peggy CampbellVice-chair
David OlsonDirector
Dennis BattuelloDirector
Diane KiszewskiDirector
Lucy NielsenSecretary
Michele DesmetTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$33,043
Investment Income
$9,860
Other Revenue
$0
Change in Net Assets
$-1,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$26,794
Insurance---$2,323
Information Technology---$2,268
Depreciation Depletion---$980
Conferences and Meetings---$715
Office Expenses---$703
Other Expenses$554--$554
All Other Expenses---$-2,487
Total Functional Expenses$0$0$0$44,110
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
Shares and Deposits$1,125,411
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.”

Form 990 governing body review Part VI line 11

“No review was conducted or will be conducted.”

Conflict of interest policy compliance Part VI line 12C

“Through webinars and ii releases.”

Governing documents etc available to public Part VI line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

EIN
39-0978885

Signing Officer

Name
Lyn Larson
Title
President
Phone
7153924524
Signed
2014-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyn Larson
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
0
Employees
0

Preparer

Preparer
Scott Wallin
Phone
2183104362
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Expenses are an allocation of a service center that runs the credit union.”

Raw XML Appendix335 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THROUGH WEBINARS AND II RELEASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXPENSES ARE AN ALLOCATION OF A SERVICE CENTER THAT RUNS THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990/TotalAssetsGrp/EOYAmt01319886
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt044110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01109685
IRS990/TotalLiabilitiesEOYAmt01125411
IRS990/TotalLiabilitiesGrp/BOYAmt01109685
IRS990/TotalLiabilitiesGrp/EOYAmt01125411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0195682
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0194475
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt033043
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042903
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt042903
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01305367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01319886
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYN LARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07153924524
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine10WATER-LIGHT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0390978885
ReturnHeader/Filer/USAddress/AddressLine101225 TOWER AVENUE
ReturnHeader/Filer/USAddress/City0SUPERIOR
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054880
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273559905
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SCOTT WALLIN CPA SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 836
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0SUPERIOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode054880
ReturnHeader/PreparerPersonGrp/PhoneNum02183104362
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott Wallin
ReturnHeader/ReturnTs02014-02-04T00:56:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,319,886
Liabilities
$1,125,411
Net assets
$194,475
Revenue
$42,903
Expenses
$44,110
Net income
-$1,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.23$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.40$1.21$0.19$0.04$0.04$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.30$1.11$0.19$0.04$0.05$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.32$1.13$0.19$0.04$0.04$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$1.11$0.20$0.05
2011Summary only. Only limited summary data is available for this year.$1.32$1.12$0.20$0.05$0.05$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.05$0.20$0.05