Civic Intelligence

Ecolab Credit Union

990 • Fiscal year 2014 • EIN 41-0872683

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 26, 2015

Organization ProfileWWW.ECOLABCU.COM
370 Wabasha Street NSaint Paul, MN 55102

(651) 250-2441

Siviq Scores

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

Liabilities / Assets

68th percentile

0.89x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

21.15x

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

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

94th percentile

$86,196

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

0.3%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$9,691,391

Up $30,582 (+0.3%) from 2013

Net Assets

Down

$1,086,823

Down $43,607 (-3.9%) from 2013

Liabilities

Up

$8,604,568

Up $74,189 (+0.9%) from 2013

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin20th percentile

Revenue

Up

$406,744

Up $1,266 (+0.3%) from 2013

Expenses

Up

$450,351

Up $67,650 (+18%) from 2013

Net Income

Down

-$43,607

Down $66,384 (-291%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$15M$10M$5.0M$0Assets 2011: $10,350,494Liabilities 2011: $9,318,760Net Assets 2011: $1,031,7342011Assets 2012: $9,792,778Liabilities 2012: $8,685,125Net Assets 2012: $1,107,6532012Assets 2013: $9,660,809Liabilities 2013: $8,530,379Net Assets 2013: $1,130,4302013Assets 2014: $9,691,391Liabilities 2014: $8,604,568Net Assets 2014: $1,086,8232014Assets 2015: $10,315,637Liabilities 2015: $9,254,405Net Assets 2015: $1,061,2322015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$9,691,391
Liabilities$8,604,568
Net Assets$1,086,823
Open 2014 Filing

Operations Trend

Revenue Growth65th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $411,1292011Expenses 2012: $406,1422012Revenue 2013: $405,478Expenses 2013: $382,701Net Income 2013: $22,7772013Revenue 2014: $406,744Expenses 2014: $450,351Net Income 2014: -$43,6072014Revenue 2015: $398,575Expenses 2015: $424,166Net Income 2015: -$25,5912015Revenue 2016: $302,605Expenses 2016: $301,624Net Income 2016: $9812016

Highlighted filing

2014

Revenue$406,744
Expenses$450,351
Net Income-$43,607
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 26, 2015
Return Version
2014v5.0
Gross Receipts
$406,744
Mission and Program Overview

Mission

To provide friendly, personal service to our members along with competitive, beneficial financial services while maintaining accurate, safe and efficient operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,024,627$5,668,060▲ $1,643,433
Savings and Temporary Cash Investments$2,930,789$2,252,312▼ $678,477
Rtn Earn Endowment Incm Other Fnds$1,130,430$1,086,823▼ $43,607
Investments Program Related$2,130,030$1,081,571▼ $1,048,459
Cash and Non-Interest-Bearing Accounts$322,764$302,203▼ $20,561
Prepaid Expenses and Deferred Charges$31,558$86,513▲ $54,955
Land, Buildings, and Equipment, Net$41,976$31,371▼ $10,605
Total Assets$9,660,809$9,691,391▲ $30,582
Other Assets Total$179,065$269,361▲ $90,296
Liabilities
Other Liabilities$8,426,735$8,534,763▲ $108,028
Accounts Payable and Accrued Expenses$103,644$69,805▼ $33,839
Total Liabilities$8,530,379$8,604,568▲ $74,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,130,430$1,086,823▼ $43,607
Total Liabilities and Net Assets / Fund Balance$9,660,809$9,691,391▲ $30,582

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,371$270,412$301,783
Investment Program Related Org$11,000--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra WiederholtPresident/ceFT$79,235$6,961$86,196

Board Members and Trustees

NameTitle
Keith BackhausChair
Ralph Van HovenVice Chair
Christina BlageoDirector
Jessi JanniDirector
Mary Vandevoort-
Kevin KellySecretary
Reese DyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$357,047
Investment Income
$49,697
Other Revenue
$0
Change in Net Assets
$-43,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,577
Other Expenses$215,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$99,871
Office Expenses---$79,695
Current Officers, Directors, Trustees, and Key Employees---$79,235
Other Employee Benefits---$41,769
Fees for Services Other---$20,374
Payroll Taxes---$13,702
Depreciation Depletion---$10,606
Insurance---$9,014
Other Expenses---$5,478
Travel---$5,381
Advertising---$1,784
Occupancy---$900
Interest---$27
Total Functional Expenses$0$0$0$450,351
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
Members Shares & Deposits$8,534,763
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
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, Page 6, Part VI, Line 2

“Keith backhaus ralph van hoven chair vice chair joint owners - rental property”

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member, you 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

“Management provideds data to independent cpa who prepares the return. The 990 is reviewed by management and the supervisory committee, and the cpa is authorized to e-file the approved return. The board is notified of the filing at the next regularly scheduled board meeting.”

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

“The ceo's annual salary is based on a combination of comparison to comparable size credit unions per cuna's annual compensation survey and attainment of predefined performance objectives. The process is performed by a subcommittee of the board and presented to the full board for approval. This process is completed prior to april 1st each year and the salary was approved at the march 2014 board meeting.”

Form 990, Page 6, Part VI, Line 19

“The credit union's by-laws, conflict of interest policy and financial statements are available to the members upon request and can be viewed by appointment at the main office.”

Filing and Contact Details

Filer

Filer Name
Ecolab Credit Union
EIN
41-0872683
Phone
6512502441
Address
370 WABASHA STREET N, SAINT PAUL, MN 55102

Signing Officer

Name
Sandra Wiederholt
Title
President
Phone
6512502441
Signed
2015-09-26

Organization Details

Principal Officer
Sandra Wiederholt
Formed
1963
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“The organization will file the 990-t by its extended due date of november 15th.”

Raw XML Appendix327 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 WILL FILE THE 990-T BY ITS EXTENDED DUE DATE OF NOVEMBER 15TH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KEITH BACKHAUS RALPH VAN HOVEN CHAIR VICE CHAIR JOINT OWNERS - RENTAL PROPERTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A 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/ExplanationTxt5MANAGEMENT PROVIDEDS DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. THE 990 IS REVIEWED BY MANAGEMENT AND THE SUPERVISORY COMMITTEE, AND THE CPA IS AUTHORIZED TO E-FILE THE APPROVED RETURN. THE BOARD IS NOTIFIED OF THE FILING AT THE NEXT REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZE CREDIT UNIONS PER CUNA'S ANNUAL COMPENSATION SURVEY AND ATTAINMENT OF PREDEFINED PERFORMANCE OBJECTIVES. THE PROCESS IS PERFORMED BY A SUBCOMMITTEE OF THE BOARD AND PRESENTED TO THE FULL BOARD FOR APPROVAL. THIS PROCESS IS COMPLETED PRIOR TO APRIL 1ST EACH YEAR AND THE SALARY WAS APPROVED AT THE MARCH 2014 BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE MEMBERS UPON REQUEST AND CAN BE VIEWED BY APPOINTMENT AT THE MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09660809
IRS990/TotalAssetsEOYAmt09691391
IRS990/TotalAssetsGrp/BOYAmt09660809
IRS990/TotalAssetsGrp/EOYAmt09691391
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0450351
IRS990/TotalGrossUBIAmt03887
IRS990/TotalLiabilitiesBOYAmt08530379
IRS990/TotalLiabilitiesEOYAmt08604568
IRS990/TotalLiabilitiesGrp/BOYAmt08530379
IRS990/TotalLiabilitiesGrp/EOYAmt08604568
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01130430
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01086823
IRS990/TotalOtherCompensationAmt06961
IRS990/TotalProgramServiceRevenueAmt0357047
IRS990/TotalReportableCompFromOrgAmt079235
IRS990/TotalRevenueGrp/ExclusionAmt049697
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0353160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0406744
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03887
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09660809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09691391
IRS990/TravelGrp/TotalAmt05381
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0370 WABASHA STREET N
IRS990/USAddress/CityNm0SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055102
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ECOLABCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA WIEDERHOLT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06512502441
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECOLAB CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ECOL
ReturnHeader/Filer/EIN0410872683
ReturnHeader/Filer/PhoneNum06512502441
ReturnHeader/Filer/USAddress/AddressLine1Txt0370 WABASHA STREET N
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055102
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02015-09-25T12:09:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,691,391
Liabilities
$8,604,568
Net assets
$1,086,823
Revenue
$406,744
Expenses
$450,351
Net income
-$43,607
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.30$0.30$0.00
2015Detailed filing. Detailed filing data is available for this year.$10.3$9.25$1.06$0.40$0.42$0.03
2014Detailed filing. Detailed filing data is available for this year.$9.69$8.60$1.09$0.41$0.45$0.04
2013Detailed filing. Detailed filing data is available for this year.$9.66$8.53$1.13$0.41$0.38$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.79$8.69$1.11$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$9.32$1.03$0.41