Civic Intelligence

Duluth Fire Department Credit Union

990 • Fiscal year 2020 • EIN 41-0226128

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 30, 2021

Organization Profile
602 W 2nd StreetDuluth, MN 55802

(218) 723-8357

Siviq Scores

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

Liabilities / Assets

47th percentile

0.85x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

29.74x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Net Margin

91st percentile

25%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$21,890

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Asset Growth

51st percentile

8.6%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2018 to 2020

Revenue Growth

90th percentile

3.0%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$5,892,202

Up $898,216 (+18%) from 2018

Net Assets

Up

$905,032

Up $80,633 (+9.8%) from 2018

Liabilities

Up

$4,987,170

Up $817,583 (+20%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin91st percentile

Revenue

Up

$167,682

Up $9,669 (+6.1%) from 2018

Expenses

Up

$126,378

Up $14,932 (+13%) from 2018

Net Income

Down

$41,304

Down $5,263 (-11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,901,229Liabilities 2011: $4,191,773Net Assets 2011: $709,4562011Assets 2012: $5,150,976Liabilities 2012: $4,438,413Net Assets 2012: $712,5632012Assets 2013: $4,637,924Liabilities 2013: $3,919,765Net Assets 2013: $718,1592013Assets 2014: $4,732,772Liabilities 2014: $4,001,435Net Assets 2014: $731,3372014Assets 2015: $4,843,927Liabilities 2015: $4,094,420Net Assets 2015: $749,5072015Assets 2016: $4,596,792Liabilities 2016: $3,827,222Net Assets 2016: $769,5702016Assets 2017: $4,710,118Liabilities 2017: $3,932,286Net Assets 2017: $777,8322017Assets 2018: $4,993,986Liabilities 2018: $4,169,587Net Assets 2018: $824,3992018Assets 2020: $5,892,202Liabilities 2020: $4,987,170Net Assets 2020: $905,0322020Assets 2021: $6,461,197Liabilities 2021: $5,522,842Net Assets 2021: $938,3552021Assets 2022: $6,193,191Liabilities 2022: $5,201,391Net Assets 2022: $991,8002022Assets 2023: $6,784,363Liabilities 2023: $5,741,836Net Assets 2023: $1,042,5272023Assets 2024: $6,700,661Liabilities 2024: $5,615,928Net Assets 2024: $1,084,7332024

Highlighted filing

2020

Assets$5,892,202
Liabilities$4,987,170
Net Assets$905,032
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$300K$200K$100K$0Revenue 2011: $159,937Expenses 2011: $138,641Net Income 2011: $21,2962011Revenue 2012: $142,767Expenses 2012: $139,660Net Income 2012: $3,1072012Revenue 2013: $133,985Expenses 2013: $128,389Net Income 2013: $5,5962013Revenue 2014: $129,843Expenses 2014: $116,665Net Income 2014: $13,1782014Revenue 2015: $129,575Expenses 2015: $111,405Net Income 2015: $18,1702015Revenue 2016: $126,477Expenses 2016: $106,414Net Income 2016: $20,0632016Revenue 2017: $130,866Expenses 2017: $115,773Net Income 2017: $15,0932017Revenue 2018: $158,013Expenses 2018: $111,446Net Income 2018: $46,5672018Revenue 2020: $167,682Expenses 2020: $126,378Net Income 2020: $41,3042020Revenue 2021: $172,462Expenses 2021: $139,139Net Income 2021: $33,3232021Revenue 2022: $177,221Expenses 2022: $123,777Net Income 2022: $53,4442022Revenue 2023: $233,762Expenses 2023: $183,035Net Income 2023: $50,7272023Revenue 2024: $291,735Expenses 2024: $249,529Net Income 2024: $42,2062024

Highlighted filing

2020

Revenue$167,682
Expenses$126,378
Net Income$41,304
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 30, 2021
Return Version
2020v4.0
Gross Receipts
$167,682
Mission and Program Overview

Mission

Provide members with the best returns on their investments as well as competitive loan rates by using proceeds to fund these programs.

Credit union - savings and vehicle loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,972,346$2,396,274▼ $576,072
Savings and Temporary Cash Investments$1,441,580$1,997,111▲ $555,531
Cash and Non-Interest-Bearing Accounts$293,502$1,212,857▲ $919,355
Rtn Earn Endowment Incm Other Fnds$863,728$905,032▲ $41,304
Receivables From Officers Etc$238,987$246,640▲ $7,653
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,984,670$5,892,202▲ $907,532
Other Assets Total$38,255$39,320▲ $1,065
Liabilities
Accounts Payable and Accrued Expenses$3,932,054$4,798,282▲ $866,228
Other Liabilities$188,888$188,888→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,120,942$4,987,170▲ $866,228
Net Assets / Fund Balance
Total Net Assets Fund Balance$863,728$905,032▲ $41,304
Total Liabilities and Net Assets / Fund Balance$4,984,670$5,892,202▲ $907,532
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tim J AuneManagerPT$21,890$21,890

Board Members and Trustees

NameTitle
Doug CookePresident
Chad CookeVice President
Carla GamradtDirector
Eric ThompsonDirector
Richard GrondahlDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,915
Investment Income
$36,767
Other Revenue
$0
Change in Net Assets
$41,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$64,100
Other Expenses$19,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$42,633
Other Salaries and Wages---$37,345
Current Officers, Directors, Trustees, and Key Employees---$21,890
Insurance---$5,295
Payroll Taxes---$4,865
Office Expenses---$4,347
Other Expenses---$2,780
Information Technology---$2,238
Advertising---$1,487
Conferences and Meetings---$331
Occupancy---$168
Total Functional Expenses$0$0$0$126,378
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
Receivables from Officers, Directors, Trustees, and Key Employees$238,987$246,640▲ $7,653
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Reserves$188,888
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

“Two directors have a family relationship”

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

“The board of directors are elected by the membership”

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

“Some of the decisions by the board must be approved by the membership (by-law changes)”

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

“THE 990 WAS REVIEWED BY THE BOARD AT THE APRIL 13th BOARD MEETING. A COMPLETED COPY WAS PROVIDED FOR THE BOARD MEETING. THE 990 REVIEW WAS DOCUMENTED IN THE MINUTES.”

Form 990, Part VI, Section C, Line 19

“The credit unions governing documents, policies and financial statements are available on demand to the public in the credit union office.”

Filing and Contact Details

Filer

Filer Name
Duluth Fire Department Credit Union
EIN
41-0226128
Phone
2187238357
Address
602 W 2nd Street, Duluth, MN 55802

Signing Officer

Name
Tim Aune
Title
Manager
Phone
2187238357
Signed
2021-03-30

Organization Details

Principal Officer
Tim J Aune
Formed
1932
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
11
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“REGULAR RESERVES”

Raw XML Appendix389 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/PYInvestmentIncomeAmt036084
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt033229
IRS990/PYProgramServiceRevenueAmt0128959
IRS990/PYRevenuesLessExpensesAmt039329
IRS990/PYSalariesCompEmpBnftPaidAmt061726
IRS990/PYTotalExpensesAmt0125714
IRS990/PYTotalRevenueAmt0165043
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0238987
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0246640
IRS990/ReconcilationRevenueExpnssAmt041304
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0863728
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0905032
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01441580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01997111
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0188888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR RESERVES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REGULAR RESERVES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalLiabilityAmt0188888
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO DIRECTORS HAVE A FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME OF THE DECISIONS BY THE BOARD MUST BE APPROVED BY THE MEMBERSHIP (BY-LAW CHANGES)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WAS REVIEWED BY THE BOARD AT THE APRIL 13th BOARD MEETING. A COMPLETED COPY WAS PROVIDED FOR THE BOARD MEETING. THE 990 REVIEW WAS DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON DEMAND TO THE PUBLIC IN THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
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 C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04984670
IRS990/TotalAssetsEOYAmt05892202
IRS990/TotalAssetsGrp/BOYAmt04984670
IRS990/TotalAssetsGrp/EOYAmt05892202
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0126378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04120942
IRS990/TotalLiabilitiesEOYAmt04987170
IRS990/TotalLiabilitiesGrp/BOYAmt04120942
IRS990/TotalLiabilitiesGrp/EOYAmt04987170
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0863728
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0905032
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0112028
IRS990/TotalProgramServiceRevenueAmt0130915
IRS990/TotalReportableCompFromOrgAmt021890
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0167682
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0167682
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04984670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05892202
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0602 W 2nd Street
IRS990/USAddress/CityNm0Duluth
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055802
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tim Aune
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum02187238357
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DULUTH FIRE DEPARTMENT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0DULU
ReturnHeader/Filer/EIN0410226128
ReturnHeader/Filer/PhoneNum02187238357
ReturnHeader/Filer/USAddress/AddressLine1Txt0602 W 2nd Street
ReturnHeader/Filer/USAddress/CityNm0Duluth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055802
ReturnHeader/ReturnTs02021-04-29T16:29:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,892,202
Liabilities
$4,987,170
Net assets
$905,032
Revenue
$167,682
Expenses
$126,378
Net income
$41,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.70$5.62$1.08$0.29$0.25$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$5.74$1.04$0.23$0.18$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.19$5.20$0.99$0.18$0.12$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.46$5.52$0.94$0.17$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$5.89$4.99$0.91$0.17$0.13$0.04
2018Summary only. Only limited summary data is available for this year.$4.99$4.17$0.82$0.16$0.11$0.05
2017Summary only. Only limited summary data is available for this year.$4.71$3.93$0.78$0.13$0.12$0.02
2016Summary only. Only limited summary data is available for this year.$4.60$3.83$0.77$0.13$0.11$0.02
2015Summary only. Only limited summary data is available for this year.$4.84$4.09$0.75$0.13$0.11$0.02
2014Summary only. Only limited summary data is available for this year.$4.73$4.00$0.73$0.13$0.12$0.01
2013Summary only. Only limited summary data is available for this year.$4.64$3.92$0.72$0.13$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$5.15$4.44$0.71$0.14$0.14$0.00
2011Summary only. Only limited summary data is available for this year.$4.90$4.19$0.71$0.16$0.14$0.02