Civic Intelligence

Air Tech Credit Union

990 • Fiscal year 2020 • EIN 39-6055625

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 17, 2021

1919 E Grange AveMilwaukee, WI 53207

(414) 744-1325

Siviq Scores

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

Liabilities / Assets

46th percentile

0.80x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

25.11x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

4.0%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

36th percentile

$16,608

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Asset Growth

7th percentile

-4.1%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-16%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,201,529

Down $137,796 (-4.1%) from 2019

Net Assets

Up

$625,649

Up $4,142 (+0.7%) from 2019

Liabilities

Down

$2,575,880

Down $141,938 (-5.2%) from 2019

Revenue

Down

$102,586

Down $19,335 (-16%) from 2019

Expenses

Down

$98,444

Down $4,138 (-4.0%) from 2019

Net Income

Down

$4,142

Down $15,197 (-79%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,787,582Liabilities 2010: $3,178,997Net Assets 2010: $608,5852010Assets 2011: $3,896,889Liabilities 2011: $3,293,946Net Assets 2011: $602,9432011Assets 2012: $3,878,824Liabilities 2012: $3,274,663Net Assets 2012: $604,1612012Assets 2013: $3,721,607Liabilities 2013: $3,113,245Net Assets 2013: $608,3622013Assets 2014: $3,784,951Liabilities 2014: $3,180,178Net Assets 2014: $604,7732014Assets 2015: $3,843,622Liabilities 2015: $3,240,516Net Assets 2015: $603,1062015Assets 2016: $3,350,915Liabilities 2016: $2,749,709Net Assets 2016: $601,2062016Assets 2017: $3,302,232Liabilities 2017: $2,700,564Net Assets 2017: $601,6682017Assets 2018: $3,236,242Liabilities 2018: $2,634,074Net Assets 2018: $602,1682018Assets 2019: $3,339,325Liabilities 2019: $2,717,818Net Assets 2019: $621,5072019Assets 2020: $3,201,529Liabilities 2020: $2,575,880Net Assets 2020: $625,6492020Assets 2021: $3,158,624Liabilities 2021: $2,544,264Net Assets 2021: $614,3602021Assets 2022: $2,992,790Liabilities 2022: $2,403,157Net Assets 2022: $589,6332022Assets 2023: $3,086,871Liabilities 2023: $2,506,761Net Assets 2023: $580,1102023Assets 2024: $2,366,022Liabilities 2024: $1,780,882Net Assets 2024: $585,1402024

Highlighted filing

2020

Assets$3,201,529
Liabilities$2,575,880
Net Assets$625,649

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $165,4402010Expenses 2011: $154,7302011Expenses 2012: $131,2432012Revenue 2013: $125,642Expenses 2013: $120,222Net Income 2013: $5,4202013Revenue 2014: $122,196Expenses 2014: $120,366Net Income 2014: $1,8302014Revenue 2015: $124,351Expenses 2015: $124,188Net Income 2015: $1632015Revenue 2016: $110,580Expenses 2016: $112,480Net Income 2016: -$1,9002016Revenue 2017: $98,187Expenses 2017: $97,725Net Income 2017: $4622017Revenue 2018: $111,133Expenses 2018: $108,212Net Income 2018: $2,9212018Revenue 2019: $121,921Expenses 2019: $102,582Net Income 2019: $19,3392019Revenue 2020: $102,586Expenses 2020: $98,444Net Income 2020: $4,1422020Revenue 2021: $73,618Expenses 2021: $84,907Net Income 2021: -$11,2892021Revenue 2022: $70,965Expenses 2022: $95,691Net Income 2022: -$24,7262022Revenue 2023: $90,934Expenses 2023: $100,457Net Income 2023: -$9,5232023Revenue 2024: $101,815Expenses 2024: $96,785Net Income 2024: $5,0302024

Highlighted filing

2020

Revenue$102,586
Expenses$98,444
Net Income$4,142
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 17, 2021
Return Version
2020v4.0
Gross Receipts
$102,586
Mission and Program Overview

Mission

None

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,728,065$1,936,243▲ $208,178
Other Notes and Loans Receivable, Net$1,541,129$1,110,724▼ $430,405
Cash and Non-Interest-Bearing Accounts$52,891$142,749▲ $89,858
Land, Buildings, and Equipment, Net$14,701$7,396▼ $7,305
Prepaid Expenses and Deferred Charges$2,539$4,417▲ $1,878
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$3,339,325$3,201,529▼ $137,796
Other Assets Total$0--
Liabilities
Other Liabilities$2,708,993$2,569,208▼ $139,785
Accounts Payable and Accrued Expenses$8,825$6,672▼ $2,153
Grants Payable-$0-
Mortgage Notes Payable Secured by Investment Property-$0-
Unsecured Notes Loans Payable-$0-
Deferred Revenue-$0-
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities-$0-
Total Liabilities$2,717,818$2,575,880▼ $141,938
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$621,507$625,649▲ $4,142
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$621,507$625,649▲ $4,142
Total Liabilities and Net Assets / Fund Balance$3,339,325$3,201,529▼ $137,796

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,396$76,603$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kandace LessardPresident/managerPT$16,608$16,608

Board Members and Trustees

NameTitle
Thomas HoppeChairmman
Michael NuofferVice-chair
Al KluczykowskiDirector
Dalelynn LombardoDirector
Donna GalikDirector
Matt KuspaDirector
William RebholzDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$72,185
Investment Income
$30,401
Other Revenue
$0
Change in Net Assets
$4,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,658
Salaries, Compensation, and Employee Benefits$47,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$27,723
Current Officers, Directors, Trustees, and Key Employees---$16,608
Information Technology---$15,465
Office Expenses---$13,418
Occupancy---$4,671
Payroll Taxes---$3,355
All Other Expenses---$3,280
Other Expenses---$3,136
Payments to Affiliates---$2,738
Pension Plan Contributions---$100
Total Functional Expenses$0$0$0$98,444
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total member equity$2,569,208
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

Form 990, Part VI, Section A, Line 6

Members, We have deposit, transactions, and investment accounts with 704 members as of 12/31/2020 We opened 12 new deposit, transactions, and investment accounts

Form 990, Part VI, Section A, Line 7A

Members and Board of Directors

Form 990, Part VI, Section A, Line 7B

We funded 86 loans during 2020. As of 12/31/2020 we had 572,797.226 in consumer loans

Form 990, Part VI, Section B, Line 11B

It is available upon request

Form 990, Part VI, Section B, Line 12C

Policies are updated as needed and verified by examiners and the Board of Directors

Form 990, Part VI, Section B, Line 15

Compensations is discussed by the Board of Directors on you hiring anniversary

Form 990, Part VI, Section C, Line 19

The information is available in packet form in the credit union office and it is available at our yearly annual meeting or on request

Filing and Contact Details

Filer

Filer Name
Air Tech Credit Union
EIN
39-6055625
Phone
4147441325
Address
1919 E Grange Ave, Milwaukee, WI 53207

Signing Officer

Name
Kandace Lessard
Title
Manager
Phone
4147441325
Signed
2021-03-17

Organization Details

Principal Officer
Kandace Lessard
Formed
1957
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7
Raw XML Appendix393 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/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04142
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01728065
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01936243
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt076603
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt083999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02569208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Total member equity
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07396
IRS990ScheduleD/TotalLiabilityAmt02569208
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members, We have deposit, transactions, and investment accounts with 704 members as of 12/31/2020 We opened 12 new deposit, transactions, and investment accounts
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members and Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We funded 86 loans during 2020. As of 12/31/2020 we had 572,797.226 in consumer loans
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3It is available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Policies are updated as needed and verified by examiners and the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensations is discussed by the Board of Directors on you hiring anniversary
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The information is available in packet form in the credit union office and it is available at our yearly annual meeting or on request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03339325
IRS990/TotalAssetsEOYAmt03201529
IRS990/TotalAssetsGrp/BOYAmt03339325
IRS990/TotalAssetsGrp/EOYAmt03201529
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt098444
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02717818
IRS990/TotalLiabilitiesEOYAmt02575880
IRS990/TotalLiabilitiesGrp/BOYAmt02717818
IRS990/TotalLiabilitiesGrp/EOYAmt02575880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0621507
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0625649
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt072185
IRS990/TotalReportableCompFromOrgAmt016608
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0102586
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03339325
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03201529
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01919 E Grange Ave
IRS990/USAddress/CityNm0Milwaukee
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053207
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0I am so sorry, I was not aware that 2020 was missing until I got 2021 back in the mail! The Wisconsin Credit Union League has done the 990 for years. I have that I mailed the form in on 3/17/21. I did not know about the verifying, I am working today, Saturday to try and get all caught up! I truly did the report and mailed it in on time! If I did not receive my 2021 back in the mail, I still would not know. Again, I really to apologize for the confusion on my part! I have one left to do and I will be caught up! Thank you- Kandace
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kandace Lessard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum04147441325
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Air Tech Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0AIRT
ReturnHeader/Filer/EIN0396055625
ReturnHeader/Filer/PhoneNum04147441325
ReturnHeader/Filer/USAddress/AddressLine1Txt01919 E Grange Ave
ReturnHeader/Filer/USAddress/CityNm0Milwaukee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053207
ReturnHeader/ReturnTs02022-06-25T13:50:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.37$1.78$0.59$0.10$0.10$0.01
2023Detailed filing. Detailed filing data is available for this year.$3.09$2.51$0.58$0.09$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.99$2.40$0.59$0.07$0.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.16$2.54$0.61$0.07$0.08$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.20$2.58$0.63$0.10$0.10$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.34$2.72$0.62$0.12$0.10$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.24$2.63$0.60$0.11$0.11$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.30$2.70$0.60$0.10$0.10$0.00
2016Detailed filing. Detailed filing data is available for this year.$3.35$2.75$0.60$0.11$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.84$3.24$0.60$0.12$0.12$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.78$3.18$0.60$0.12$0.12$0.00
2013Detailed filing. Detailed filing data is available for this year.$3.72$3.11$0.61$0.13$0.12$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$3.27$0.60$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$3.29$0.60$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$3.18$0.61$0.17