Civic Intelligence

Teamsters Credit Union

990 • Fiscal year 2013 • EIN 41-1227313

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 10, 2014

Organization ProfileWWW.MNTEAMSTERSCU.COM
9422 Ulysses Street NE Suite 140Minneapolis, MN 55434

(763) 267-6304

Siviq Scores

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

Liabilities / Assets

79th percentile

0.90x

Higher debt load relative to assets than 79% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

29th percentile

15.42x

Higher debt load relative to revenue than 29% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Net Margin

59th percentile

5.3%

Higher net margin than 59% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

92nd percentile

$83,679

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Asset Growth

42nd percentile

-0.4%

Faster asset growth than 42% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$8,438,150

Down $37,450 (-0.4%) from 2012

Net Assets

Up

$856,471

Up $26,085 (+3.1%) from 2012

Liabilities

Down

$7,581,679

Down $63,535 (-0.8%) from 2012

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin59th percentile

Revenue

$491,681

No earlier filing loaded for comparison.

Expenses

Up

$465,596

Up $14,469 (+3.2%) from 2012

Net Income

$26,085

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$15M$10M$5.0M$0Assets 2010: $8,407,323Liabilities 2010: $7,663,312Net Assets 2010: $744,0112010Assets 2011: $8,592,806Liabilities 2011: $7,836,399Net Assets 2011: $756,4072011Assets 2012: $8,475,600Liabilities 2012: $7,645,214Net Assets 2012: $830,3862012Assets 2013: $8,438,150Liabilities 2013: $7,581,679Net Assets 2013: $856,4712013Assets 2014: $9,130,206Liabilities 2014: $8,238,423Net Assets 2014: $891,7832014Assets 2015: $10,162,574Liabilities 2015: $9,244,682Net Assets 2015: $917,8922015Assets 2016: $10,881,474Liabilities 2016: $9,951,048Net Assets 2016: $930,4262016Assets 2017: $11,405,840Liabilities 2017: $10,526,701Net Assets 2017: $879,1392017Assets 2018: $11,061,796Liabilities 2018: $10,095,766Net Assets 2018: $966,0302018Assets 2019: $11,850,168Liabilities 2019: $10,793,252Net Assets 2019: $1,056,9162019Assets 2020: $12,857,181Liabilities 2020: $11,744,933Net Assets 2020: $1,112,2482020Assets 2021: $13,696,330Liabilities 2021: $12,462,293Net Assets 2021: $1,234,0372021Assets 2022: $13,696,442Liabilities 2022: $12,400,794Net Assets 2022: $1,295,6482022Assets 2023: $13,912,568Liabilities 2023: $12,629,915Net Assets 2023: $1,282,6532023Assets 2024: $14,072,331Liabilities 2024: $12,772,048Net Assets 2024: $1,300,2832024

Highlighted filing

2013

Assets$8,438,150
Liabilities$7,581,679
Net Assets$856,471
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $439,3262010Expenses 2011: $445,5722011Expenses 2012: $451,1272012Revenue 2013: $491,681Expenses 2013: $465,596Net Income 2013: $26,0852013Revenue 2014: $489,428Expenses 2014: $454,116Net Income 2014: $35,3122014Revenue 2015: $547,050Expenses 2015: $520,941Net Income 2015: $26,1092015Revenue 2016: $536,473Expenses 2016: $523,939Net Income 2016: $12,5342016Revenue 2017: $551,271Expenses 2017: $602,558Net Income 2017: -$51,2872017Revenue 2018: $595,947Expenses 2018: $509,056Net Income 2018: $86,8912018Revenue 2019: $612,368Expenses 2019: $521,482Net Income 2019: $90,8862019Revenue 2020: $561,965Expenses 2020: $506,632Net Income 2020: $55,3332020Revenue 2021: $617,472Expenses 2021: $495,683Net Income 2021: $121,7892021Revenue 2022: $610,981Expenses 2022: $549,370Net Income 2022: $61,6112022Revenue 2023: $690,710Expenses 2023: $660,697Net Income 2023: $30,0132023Revenue 2024: $781,849Expenses 2024: $764,219Net Income 2024: $17,6302024

Highlighted filing

2013

Revenue$491,681
Expenses$465,596
Net Income$26,085
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 10, 2014
Return Version
2013v3.1
Gross Receipts
$491,681
Mission and Program Overview

Mission

In the spirit of union pride: teamsters credit union pledges to help hard- working teamsters and their families by offering simple and fair loans. As a direct union-benefit provider, we are dedicated to building lifelong financial relationships by offering superior service to our members - one member at a time.

Teamsters credit union is dedicated to providing teamsters and their families with the highest level of financial products and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,265,129$6,050,050▼ $215,079
Investments Program Related$220,562$1,120,562▲ $900,000
Savings and Temporary Cash Investments$1,773,563$1,102,386▼ $671,177
Rtn Earn Endowment Incm Other Fnds$830,386$856,471▲ $26,085
Cash and Non-Interest-Bearing Accounts$89,484$52,972▼ $36,512
Land, Buildings, and Equipment, Net$17,098$15,258▼ $1,840
Prepaid Expenses and Deferred Charges$21,295$12,468▼ $8,827
Total Assets$8,475,600$8,438,150▼ $37,450
Other Assets Total$88,469$84,454▼ $4,015
Liabilities
Other Liabilities$7,638,181$7,572,337▼ $65,844
Accounts Payable and Accrued Expenses$7,033$9,342▲ $2,309
Total Liabilities$7,645,214$7,581,679▼ $63,535
Net Assets / Fund Balance
Total Net Assets Fund Balance$830,386$856,471▲ $26,085
Total Liabilities and Net Assets / Fund Balance$8,475,600$8,438,150▼ $37,450

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,258$6,880$22,138
Leasehold Improvements-$3,416$3,416
Investment Program Related Org$8,062--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrea AdamsPresidentFT$67,374$16,305$83,679
Shelly NelsonFinancial ofFT$40,066$1,160$41,226

Board Members and Trustees

NameTitle
Mike WinkelChair
Kristin ElgaardVice Chair
Jeff EckmanDirector
Kris RademacherDirector
Lonnie NorlingDirector
Louie MillerDirector
Troy GustafsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$484,317
Investment Income
$7,364
Other Revenue
$0
Change in Net Assets
$26,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,067
Salaries, Compensation, and Employee Benefits$231,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$107,440
Other Salaries and Wages---$70,406
Office Expenses---$56,450
Occupancy---$49,042
Other Employee Benefits---$36,243
Information Technology---$35,308
Payroll Taxes---$13,722
Insurance---$10,176
Depreciation Depletion---$9,509
Advertising---$6,821
Other Expenses---$6,115
Fees for Services Other---$5,433
Pension Plan Contributions---$3,718
Fees for Services Legal---$2,788
Conferences and Meetings---$2,541
Travel---$45
Interest---$9
Total Functional Expenses$0$0$0$465,596
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
Memers Shares & Deposits$7,572,337
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
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 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 provides the necessary data to independent cpa who prepares the return. Management reviews the return for accuracy, and then authorizes cpa to e-file the approve return. Management reviews the return with the board of directors at their next board meeting.”

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

“The supervisory committee monitors the actions of the officials and key employees within the guidelines of the policy.”

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

“The board of directors, at a regular board meeting, reviews management's performance and establishes a salary based on performance, budget and industry average. This is approved and documented in the board minutes.”

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

“The board of directors, at a regular board meeting, reviews management's performance and establishes a salary based on performance, budget and industry average. This is approved and documented in the board minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and policy are available upon request. Financial statements are posted in the lobby of the credit union.”

Filing and Contact Details

Filer

EIN
41-1227313
Phone
7632676304

Signing Officer

Name
Andrea Adams
Title
President
Phone
7632676304
Signed
2014-07-10

Organization Details

Principal Officer
Andrea Adams
Formed
1974
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Preparer
Brent Wookey CPA
Raw XML Appendix332 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ALLOYA CAPITAL SHARES
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07572337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMERS SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015258
IRS990ScheduleD/TotalBookValueProgramRltdAmt01120562
IRS990ScheduleD/TotalLiabilityAmt07572337
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3MANAGEMENT PROVIDES THE NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVE RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD OF DIRECTORS AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SUPERVISORY COMMITTEE MONITORS THE ACTIONS OF THE OFFICIALS AND KEY EMPLOYEES WITHIN THE GUIDELINES OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS, AT A REGULAR BOARD MEETING, REVIEWS MANAGEMENT'S PERFORMANCE AND ESTABLISHES A SALARY BASED ON PERFORMANCE, BUDGET AND INDUSTRY AVERAGE. THIS IS APPROVED AND DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS, AT A REGULAR BOARD MEETING, REVIEWS MANAGEMENT'S PERFORMANCE AND ESTABLISHES A SALARY BASED ON PERFORMANCE, BUDGET AND INDUSTRY AVERAGE. THIS IS APPROVED AND DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS AND POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
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/TotalAssetsBOYAmt08475600
IRS990/TotalAssetsEOYAmt08438150
IRS990/TotalAssetsGrp/BOYAmt08475600
IRS990/TotalAssetsGrp/EOYAmt08438150
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465596
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07645214
IRS990/TotalLiabilitiesEOYAmt07581679
IRS990/TotalLiabilitiesGrp/BOYAmt07645214
IRS990/TotalLiabilitiesGrp/EOYAmt07581679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0830386
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0856471
IRS990/TotalOtherCompensationAmt017465
IRS990/TotalProgramServiceRevenueAmt0484317
IRS990/TotalReportableCompFromOrgAmt0107440
IRS990/TotalRevenueGrp/ExclusionAmt07364
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0484317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0491681
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08475600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08438150
IRS990/TravelGrp/TotalAmt045
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine109422 ULYSSES STREET NE SUITE 140
IRS990/USAddress/City0BLAINE
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode055434
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MNTEAMSTERSCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07632676304
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10TEAMSTERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0411227313
ReturnHeader/Filer/PhoneNum07632676304
ReturnHeader/Filer/USAddress/AddressLine109422 ULYSSES STREET NE SUITE 140
ReturnHeader/Filer/USAddress/City0BLAINE
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055434
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02014-07-16T16:44:16-05:00
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
$8,438,150
Liabilities
$7,581,679
Net assets
$856,471
Revenue
$491,681
Expenses
$465,596
Net income
$26,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$12.8$1.30$0.78$0.76$0.02
2023Detailed filing. Detailed filing data is available for this year.$13.9$12.6$1.28$0.69$0.66$0.03
2022Detailed filing. Detailed filing data is available for this year.$13.7$12.4$1.30$0.61$0.55$0.06
2021Detailed filing. Detailed filing data is available for this year.$13.7$12.5$1.23$0.62$0.50$0.12
2020Detailed filing. Detailed filing data is available for this year.$12.9$11.7$1.11$0.56$0.51$0.06
2019Detailed filing. Detailed filing data is available for this year.$11.9$10.8$1.06$0.61$0.52$0.09
2018Detailed filing. Detailed filing data is available for this year.$11.1$10.1$0.97$0.60$0.51$0.09
2017Detailed filing. Detailed filing data is available for this year.$11.4$10.5$0.88$0.55$0.60$0.05
2016Detailed filing. Detailed filing data is available for this year.$10.9$9.95$0.93$0.54$0.52$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.2$9.24$0.92$0.55$0.52$0.03
2014Detailed filing. Detailed filing data is available for this year.$9.13$8.24$0.89$0.49$0.45$0.04
2013Detailed filing. Detailed filing data is available for this year.$8.44$7.58$0.86$0.49$0.47$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.48$7.65$0.83$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$7.84$0.76$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$7.66$0.74$0.44