Civic Intelligence

Upper Midwest Automated Clearing House Association Inc

990 • Fiscal year 2018 • EIN 41-1380160

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

7100 Northland Circle Suite 407Brooklyn Park, MN 55428

(763) 549-7000

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.02x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-4.4%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$282,846

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.6%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.6%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,818,022

Down $108,381 (-5.6%) from 2017

Net Assets

Down

$1,772,459

Down $95,138 (-5.1%) from 2017

Liabilities

Down

$45,563

Down $13,243 (-23%) from 2017

Revenue

Up

$2,147,743

Up $54,039 (+2.6%) from 2017

Expenses

Up

$2,242,881

Up $108,390 (+5.1%) from 2017

Net Income

Down

-$95,138

Down $54,351 (-133%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,332,117Liabilities 2011: $0Net Assets 2011: $1,332,1172011Assets 2012: $1,448,230Liabilities 2012: $0Net Assets 2012: $1,448,2302012Assets 2013: $1,602,055Liabilities 2013: $0Net Assets 2013: $1,602,0552013Assets 2014: $1,719,679Liabilities 2014: $0Net Assets 2014: $1,719,6792014Assets 2015: $1,989,023Liabilities 2015: $59,517Net Assets 2015: $1,929,5062015Assets 2016: $2,011,524Liabilities 2016: $74,328Net Assets 2016: $1,937,1962016Assets 2017: $1,926,403Liabilities 2017: $58,806Net Assets 2017: $1,867,5972017Assets 2018: $1,818,022Liabilities 2018: $45,563Net Assets 2018: $1,772,4592018Assets 2019: $1,574,386Liabilities 2019: $38,486Net Assets 2019: $1,535,9002019Assets 2020: $1,756,038Liabilities 2020: $48,430Net Assets 2020: $1,707,6082020Assets 2021: $1,779,481Liabilities 2021: $77,200Net Assets 2021: $1,702,2812021Assets 2022: $1,795,616Liabilities 2022: $206,701Net Assets 2022: $1,588,9152022Assets 2023: $1,676,029Liabilities 2023: $193,865Net Assets 2023: $1,482,1642023Assets 2024: $1,617,026Liabilities 2024: $163,458Net Assets 2024: $1,453,5682024

Highlighted filing

2018

Assets$1,818,022
Liabilities$45,563
Net Assets$1,772,459

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,480,4752011Expenses 2012: $1,545,8012012Revenue 2013: $1,769,176Expenses 2013: $1,615,351Net Income 2013: $153,8252013Revenue 2014: $1,838,320Expenses 2014: $1,720,696Net Income 2014: $117,6242014Revenue 2015: $2,039,720Expenses 2015: $1,916,328Net Income 2015: $123,3922015Revenue 2016: $2,131,455Expenses 2016: $2,094,953Net Income 2016: $36,5022016Revenue 2017: $2,093,704Expenses 2017: $2,134,491Net Income 2017: -$40,7872017Revenue 2018: $2,147,743Expenses 2018: $2,242,881Net Income 2018: -$95,1382018Revenue 2019: $2,173,259Expenses 2019: $2,409,818Net Income 2019: -$236,5592019Revenue 2020: $2,149,944Expenses 2020: $1,978,236Net Income 2020: $171,7082020Revenue 2021: $2,212,998Expenses 2021: $2,218,325Net Income 2021: -$5,3272021Revenue 2022: $2,344,181Expenses 2022: $2,457,547Net Income 2022: -$113,3662022Revenue 2023: $2,476,766Expenses 2023: $2,583,517Net Income 2023: -$106,7512023Revenue 2024: $2,649,490Expenses 2024: $2,678,086Net Income 2024: -$28,5962024

Highlighted filing

2018

Revenue$2,147,743
Expenses$2,242,881
Net Income-$95,138
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$2,147,743
Mission and Program Overview

Mission

Support members and other stakeholders using electronic payments through educations, marketing, operational and compliance support, with a particular emphasis on the automated clearing house network.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,408,144$1,417,505▲ $9,361
Prepaid Expenses and Deferred Charges$129,484$134,305▲ $4,821
Cash and Non-Interest-Bearing Accounts$225,814$102,756▼ $123,058
Accounts Receivable$52,663$83,066▲ $30,403
Land, Buildings, and Equipment, Net$110,298$80,390▼ $29,908
Total Assets$1,926,403$1,818,022▼ $108,381
Liabilities
Accounts Payable and Accrued Expenses$16,391$26,275▲ $9,884
Deferred Revenue$27,766$11,100▼ $16,666
Mortgage Notes Payable Secured by Investment Property$14,649$8,188▼ $6,461
Total Liabilities$58,806$45,563▼ $13,243
Net Assets / Fund Balance
Unrestricted Net Assets$1,867,597$1,772,459▼ $95,138
Total Net Assets Fund Balance$1,867,597$1,772,459▼ $95,138
Total Liabilities and Net Assets / Fund Balance$1,926,403$1,818,022▼ $108,381

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,390$188,382$268,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred Laing IiPresidentFT$206,525$76,321$282,846
Angi FarrenExec Vice-presidentFT$133,781$43,811$177,592
Jennifer MillerDirector of Education ServicesFT$112,583$14,201$126,784

Board Members and Trustees

NameTitle
Dennis FeterlBoard Chair
Chris GermannVice Chair
Angie WanzekDirector
Joe HerslipDirector
Karen SpottDirector
Ken KirbyDirector
Melissa WaitDirector
Michelle WalstadDirector
Sharon VossDirector
Shelly DollDirector
Stephanie IhbeDirector
Tim SchmidtDirector
Bill FuchsDirector - at Large
Lisa KnickelDirector - at Large
Michael BilskiDirector - at Large
Vic IsraniDirector - at Large
Revenue and Support

Revenue Composition

Contributions and Grants
$955,180
Program Service Revenue
$1,176,734
Investment Income
$9,362
Other Revenue
$6,467
Change in Net Assets
$-95,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,147,743
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,147,743
Total Revenue per Form 990
$2,147,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,303,320
Other Expenses$939,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$998,363
Conferences and Meetings---$337,097
Other Employee Benefits---$170,560
Office Expenses---$126,002
Occupancy---$77,336
Payroll Taxes---$76,240
Pension Plan Contributions---$58,157
Travel---$50,023
Information Technology---$48,430
Depreciation Depletion---$46,026
Advertising---$16,576
Fees for Services Legal---$12,818
Insurance---$11,830
Other Expenses---$8,444
Interest---$816
Total Functional Expenses$0$0$0$2,242,881

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,242,881
Total Expenses per Audited Statements$2,242,881
Total Expenses per Form 990$2,242,881
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 6

Umacha is a trade organization for the banking industry. Members are institutions using electronic payment systems (ach, rdc, check imaging).

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

The board of directors are elected from the membership with each member getting one vote.

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

All governance decisions are made by the board of directors. Any decisions made by the executive committee are approved by the board.

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

Form 990 is shared with the officers and board of directors prior to filing.

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

Board members are required to review and sign off on the conflict of interest policy annually. The board is reminded that the policy is in effect at every meeting.

Form 990, Part VI, Section B, Line 15

The association has a compensation study completed every 2-3 years. The study is used to determine annual salaries and benefits. The studies include both national data, local data, and information from similar associations.

Form 990, Part VI, Section C, Line 18

The governing documents and financial statements are available to any individual or entity upon written request. Form 990 is also available for free on various internet websites.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to any individual or entity upon written request.

Filing and Contact Details

Filer

Filer Name
Upper Midwest Automated Clearing House
EIN
41-1380160
Phone
7635497000
Address
7100 NORTHLAND CIRCLE SUITE 407, BROOKLYN PARK, MN 55428

Signing Officer

Name
Angi Farren
Title
President
Phone
7635497000
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angi Farren
Formed
1974
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
13
Volunteers
35

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Lindsay Tweeten
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process regarding oversight of the audit of the financial statements and selection of the independent accountant has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The association is a tax-exempt corporation as described under section 501(c)(6) of the internal revenue code and, generally, is not subject to federal and state income taxes. However, income from certain activities not directly related to the association's tax-exempt purpose is subject to taxation as unrelated business income. The association has evaluated its tax positions and determined that it has no uncertain tax positions as of december 31, 2018 and 2017.

Part X - Fin 48 Footnote

The association is a tax-exempt corporation as described under section 501(c)(6) of the internal revenue code and, generally, is not subject to federal and state income taxes. However, income from certain activities not directly related to the association's tax-exempt purpose is subject to taxation as unrelated business income. The association's federal exempt organization returns are subject to examination by the internal revenue service, generally for three years after they are filed. The company is no longer subject to such examinations for years before 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXEC VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF EDUCATION SERVICES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02147743
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt048430
IRS990/InsuranceGrp/TotalAmt011830
IRS990/InterestGrp/TotalAmt0816
IRS990/InvestmentIncomeGrp/ExclusionAmt09362
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09362
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0188382
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0110298
IRS990/LandBldgEquipBasisNetGrp/EOYAmt080390
IRS990/LandBldgEquipCostOrOtherBssAmt0268772
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0955180
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPORT MEMBERS AND OTHER STAKEHOLDERS USING ELECTRONIC PAYMENTS THROUGH EDUCATIONS, MARKETING, OPERATIONAL AND COMPLIANCE SUPPORT, WITH A PARTICULAR EMPHASIS ON THE AUTOMATED CLEARING HOUSE NETWORK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014649
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08188
IRS990/NetAssetsOrFundBalancesBOYAmt01867597
IRS990/NetAssetsOrFundBalancesEOYAmt01772459
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt077336
IRS990/OfficeExpensesGrp/TotalAmt0126002
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0170560
IRS990/OtherExpensesGrp/Desc0MEMBER DEV. MATERIALS
IRS990/OtherExpensesGrp/Desc1NACHA EXPENSES
IRS990/OtherExpensesGrp/Desc2ORGANIZATIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3PROCESSING FEES
IRS990/OtherExpensesGrp/TotalAmt0102264
IRS990/OtherExpensesGrp/TotalAmt185615
IRS990/OtherExpensesGrp/TotalAmt216284
IRS990/OtherExpensesGrp/TotalAmt38444
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0231
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0231
IRS990/OtherRevenueTotalAmt0231
IRS990/OtherSalariesAndWagesGrp/TotalAmt0998363
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt076240
IRS990/PensionPlanContributionsGrp/TotalAmt058157
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0129484
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0134305
IRS990/PrincipalOfficerNm0ANGI FARREN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0COMPLIANCE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1SEMINARS, EDUCATION &
IRS990/ProgramServiceRevenueGrp/Desc2GUIDES, PUBLICATIONS &
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0519403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1504681
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2152650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0519403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1504681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2152650
IRS990/ProgSrvcAccomActy2Grp/Desc0UMACHA OFFERS PUBLICATIONS AND EDUCATIONAL MATERIALS TO ASSIST MEMBER AND NON-MEMBER ORGANIZATIONS IN THE AREAS OF ACH AND ELECTRONIC PAYMENTS.THE ORGANIZATION SOLD A TOTAL OF 5,040 PUBLICATIONS DURING 2018.
IRS990/ProgSrvcAccomActy3Grp/Desc0UMACHA PERFORMS AUDITS OF COMPLIANCE WITH THE ACH RULES AND RISK ASSESSMENTS IN THE AREAS OF ACH AND REMOTE DEPOSIT CAPTURE TO ASSIST OUR MEMBERS WHEN IT COMES TO COMPLIANCE WITH BOTH CURRENT RULES AND BANKING REGULATIONS.THE ORGANIZATION WAS INVOLVED IN 203 AUDITS AND 42 RISK ASSESSMENTS DURING 2018.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0896462
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04382
IRS990/PYOtherExpensesAmt0975945
IRS990/PYOtherRevenueAmt035281
IRS990/PYProgramServiceRevenueAmt01157579
IRS990/PYRevenuesLessExpensesAmt0-40787
IRS990/PYSalariesCompEmpBnftPaidAmt01158546
IRS990/PYTotalExpensesAmt02134491
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02093704
IRS990/ReconcilationRevenueExpnssAmt0-95138
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt06236
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt06236
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01408144
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01417505
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt080390
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0188382
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0268772
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02242881
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02147743
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS A TAX-EXEMPT CORPORATION AS DESCRIBED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, GENERALLY, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ASSOCIATION HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS A TAX-EXEMPT CORPORATION AS DESCRIBED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, GENERALLY, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ASSOCIATION'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE COMPANY IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR YEARS BEFORE 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X - FIN 48 FOOTNOTE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt080390
IRS990ScheduleD/TotalExpensesPerForm990Amt02242881
IRS990ScheduleD/TotalRevenuePerForm990Amt02147743
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02147743
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02242881
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0206525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1133781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount023500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount115500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt020652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt114628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt113683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt08000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRED LAING II
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANGI FARREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXEC VICE-PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0282846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1177592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UMACHA IS A TRADE ORGANIZATION FOR THE BANKING INDUSTRY. MEMBERS ARE INSTITUTIONS USING ELECTRONIC PAYMENT SYSTEMS (ACH, RDC, CHECK IMAGING).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED FROM THE MEMBERSHIP WITH EACH MEMBER GETTING ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNANCE DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. ANY DECISIONS MADE BY THE EXECUTIVE COMMITTEE ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS SHARED WITH THE OFFICERS AND BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN OFF ON THE CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD IS REMINDED THAT THE POLICY IS IN EFFECT AT EVERY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION HAS A COMPENSATION STUDY COMPLETED EVERY 2-3 YEARS. THE STUDY IS USED TO DETERMINE ANNUAL SALARIES AND BENEFITS. THE STUDIES INCLUDE BOTH NATIONAL DATA, LOCAL DATA, AND INFORMATION FROM SIMILAR ASSOCIATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ANY INDIVIDUAL OR ENTITY UPON WRITTEN REQUEST. FORM 990 IS ALSO AVAILABLE FOR FREE ON VARIOUS INTERNET WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ANY INDIVIDUAL OR ENTITY UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS REGARDING OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.62$0.16$1.45$2.65$2.68$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.19$1.48$2.48$2.58$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.80$0.21$1.59$2.34$2.46$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.08$1.70$2.21$2.22$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.05$1.71$2.15$1.98$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.57$0.04$1.54$2.17$2.41$0.24
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.05$1.77$2.15$2.24$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.06$1.87$2.09$2.13$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.01$0.07$1.94$2.13$2.09$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.06$1.93$2.04$1.92$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$1.84$1.72$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$1.77$1.62$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$1.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$1.48