Civic Intelligence

Horizon Credit Union

990 • Fiscal year 2020 • EIN 43-6036048

Jan 01, 2020 to Dec 31, 2020 • Filed on May 05, 2021

Organization ProfileWWW.YOURHCU.COM

View Organization Page

PO Box 554Macon, MO 63552-0554

(660) 385-8205

Siviq Scores

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

Liabilities / Assets

44th percentile

0.87x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

19.98x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

35th percentile

5.9%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$103,740

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

92nd percentile

24%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

-1.3%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$43,520,473

Up $8,557,142 (+24%) from 2019

Net Assets

Up

$5,537,672

Up $214,543 (+4.0%) from 2019

Liabilities

Up

$37,982,801

Up $8,342,599 (+28%) from 2019

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin35th percentile

Revenue

Down

$1,900,814

Down $25,011 (-1.3%) from 2019

Expenses

Down

$1,788,191

Down $43,859 (-2.4%) from 2019

Net Income

Up

$112,623

Up $18,848 (+20%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$60M$40M$20M$0Assets 2010: $17,780,548Liabilities 2010: $15,064,010Net Assets 2010: $2,716,5382010Assets 2011: $17,809,440Liabilities 2011: $14,979,441Net Assets 2011: $2,829,9992011Assets 2013: $19,003,051Liabilities 2013: $16,055,542Net Assets 2013: $2,947,5092013Assets 2014: $23,469,132Liabilities 2014: $20,483,847Net Assets 2014: $2,985,2852014Assets 2015: $26,106,867Liabilities 2015: $22,947,217Net Assets 2015: $3,159,6502015Assets 2017: $31,040,553Liabilities 2017: $26,335,638Net Assets 2017: $4,704,9152017Assets 2018: $31,798,643Liabilities 2018: $26,803,538Net Assets 2018: $4,995,1052018Assets 2019: $34,963,331Liabilities 2019: $29,640,202Net Assets 2019: $5,323,1292019Assets 2020: $43,520,473Liabilities 2020: $37,982,801Net Assets 2020: $5,537,6722020Assets 2021: $50,769,173Liabilities 2021: $45,232,391Net Assets 2021: $5,536,7822021Assets 2022: $51,915,155Liabilities 2022: $46,838,573Net Assets 2022: $5,076,5822022Assets 2024: $58,474,911Liabilities 2024: $52,421,943Net Assets 2024: $6,052,9682024

Highlighted filing

2020

Assets$43,520,473
Liabilities$37,982,801
Net Assets$5,537,672
Open 2020 Filing

Operations Trend

Revenue Growth75th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $738,1202010Expenses 2011: $683,2502011Revenue 2013: $814,700Expenses 2013: $765,142Net Income 2013: $49,5582013Revenue 2014: $943,060Expenses 2014: $905,401Net Income 2014: $37,6592014Revenue 2015: $1,163,718Expenses 2015: $1,003,556Net Income 2015: $160,1622015Revenue 2017: $2,493,452Expenses 2017: $1,119,428Net Income 2017: $1,374,0242017Revenue 2018: $1,925,803Expenses 2018: $1,506,266Net Income 2018: $419,5372018Revenue 2019: $1,925,825Expenses 2019: $1,832,050Net Income 2019: $93,7752019Revenue 2020: $1,900,814Expenses 2020: $1,788,191Net Income 2020: $112,6232020Revenue 2021: $2,018,573Expenses 2021: $1,840,427Net Income 2021: $178,1462021Revenue 2022: $2,369,176Expenses 2022: $1,959,872Net Income 2022: $409,3042022Revenue 2024: $3,285,677Expenses 2024: $3,105,974Net Income 2024: $179,7032024

Highlighted filing

2020

Revenue$1,900,814
Expenses$1,788,191
Net Income$112,623
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 5, 2021
Return Version
2020v4.1
Gross Receipts
$1,900,814
Mission and Program Overview

Mission

To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the credit union.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$23,027,260$24,469,759▲ $1,442,499
Savings and Temporary Cash Investments$4,614,257$11,353,886▲ $6,739,629
Rtn Earn Endowment Incm Other Fnds$5,323,129$5,537,672▲ $214,543
Investments Other Securities$4,941,827$4,650,605▼ $291,222
Land, Buildings, and Equipment, Net$1,102,793$2,033,509▲ $930,716
Cash and Non-Interest-Bearing Accounts$443,681$565,325▲ $121,644
Prepaid Expenses and Deferred Charges$17,260$28,643▲ $11,383
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$34,963,331$43,520,473▲ $8,557,142
Other Assets Total$816,253$418,746▼ $397,507
Liabilities
Other Liabilities$29,132,076$37,582,668▲ $8,450,592
Accounts Payable and Accrued Expenses$508,126$400,133▼ $107,993
Total Liabilities$29,640,202$37,982,801▲ $8,342,599
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,323,129$5,537,672▲ $214,543
Total Liabilities and Net Assets / Fund Balance$34,963,331$43,520,473▲ $8,557,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,311,667$130,286$1,441,953
Equipment$147,637$250,974$398,611
Land$379,433-$379,433
Other Land Buildings$194,772$88,328$283,100
Other Securities$4,650,605--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kay LucasPresidentFT$84,121$19,619$103,740

Board Members and Trustees

NameTitle
Dennis FesslerChairman
Murrell ArnettVice Chairman
Eldon TurnerDirector
Sam HartungSecretary
Larry MurdockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,746,534
Investment Income
$149,754
Other Revenue
$4,526
Change in Net Assets
$112,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$981,288
Salaries, Compensation, and Employee Benefits$804,403
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$544,771
Office Expenses---$361,352
Current Officers, Directors, Trustees, and Key Employees---$103,740
Other Employee Benefits---$82,452
Depreciation Depletion---$68,441
Payroll Taxes---$54,869
Advertising---$30,949
All Other Expenses---$30,782
Insurance---$26,615
Occupancy---$24,153
Information Technology---$22,405
Pension Plan Contributions---$18,571
Other Expenses---$15,856
Fees for Services Accounting---$14,593
Fees for Services Other---$12,584
Fees for Services Legal---$7,278
Conferences and Meetings---$5,315
Grants to Domestic Individuals---$2,500
Total Functional Expenses$0$0$0$1,788,191
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
Member Share Deposits$37,582,668
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
Yes
Other officer compensation reviewed
Yes
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 6

“The credit union is mutually owned by members.”

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

“The board of directors are elected by the credit union members.”

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

“Certain significant changes are subject to approval by the credit union members; however, no such changes were made during the year.”

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

“The president reviews and approves the completed form 990.”

Form 990, Part VI, Section B, line 15

“The compensation committee of the board of directors determines compensation for all employees, including the president, using the cuna mutual salary survey, "the complete credit union staff salary survey for human resources planning." deliberations and decisions are documented in the board minutes.”

Form 990, Part VI, Section C, line 19

“Financial statements are posted in the lobby, presented at the annual meeting, and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies, and procedures are available upon request.”

Filing and Contact Details

Filer

Filer Name
Horizon Credit Union
EIN
43-6036048
Phone
6603858205
Address
PO BOX 554, MACON, MO 63552-0554

Signing Officer

Name
Kay Lucas
Title
President
Phone
6603858205
Signed
2021-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Lucas
Formed
1954
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
18
Volunteers
10

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Preparer
Gerald Tenbrink
Phone
9138946214
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“NEW MEMBER FEES 142.”

Raw XML Appendix355 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt01900814
IRS990/GroupReturnForAffiliatesInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31,2020, THERE WERE 3,087 LOANS OUTSTANDING TOTALING $24,568,266.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $271,907 FOR THE YEAR.
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IRS990ScheduleD/LandGrp/BookValueAmt0379433
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379433
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0194772
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt088328
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0283100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037582668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04650605
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AFS-BROKERED CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02033509
IRS990ScheduleD/TotalBookValueSecuritiesAmt04650605
IRS990ScheduleD/TotalLiabilityAmt037582668
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT REVIEWS AND APPROVES THE COMPLETED FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR ALL EMPLOYEES, INCLUDING THE PRESIDENT, USING THE CUNA MUTUAL SALARY SURVEY, "THE COMPLETE CREDIT UNION STAFF SALARY SURVEY FOR HUMAN RESOURCES PLANNING." DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, PRESENTED AT THE ANNUAL MEETING, AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NEW MEMBER FEES 142.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt034963331
IRS990/TotalAssetsEOYAmt043520473
IRS990/TotalAssetsGrp/BOYAmt034963331
IRS990/TotalAssetsGrp/EOYAmt043520473
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt01788191
IRS990/TotalGrossUBIAmt07025
IRS990/TotalLiabilitiesBOYAmt029640202
IRS990/TotalLiabilitiesEOYAmt037982801
IRS990/TotalLiabilitiesGrp/BOYAmt029640202
IRS990/TotalLiabilitiesGrp/EOYAmt037982801
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05323129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05537672
IRS990/TotalOtherCompensationAmt019619
IRS990/TotalProgramServiceRevenueAmt01746534
IRS990/TotalReportableCompFromOrgAmt084121
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01893789
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01900814
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07025
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034963331
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt043520473
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 NORTH MISSOURI STREET
IRS990/USAddress/CityNm0MACON
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd0635521748
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.YOURHCU.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAY LUCAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06603858205
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORIZON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HORI
ReturnHeader/Filer/EIN0436036048
ReturnHeader/Filer/PhoneNum06603858205
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 554
ReturnHeader/Filer/USAddress/CityNm0MACON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd0635520554
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810781371
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J TENBRINK & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011272 S RIDGEVIEW RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OLATHE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066061
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02021-05-05T13:51:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LUCAS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$43,520,473
Liabilities
$37,982,801
Net assets
$5,537,672
Revenue
$1,900,814
Expenses
$1,788,191
Net income
$112,623
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.5$52.4$6.05$3.29$3.11$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.9$46.8$5.08$2.37$1.96$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.8$45.2$5.54$2.02$1.84$0.18
2020Detailed filing. Detailed filing data is available for this year.$43.5$38.0$5.54$1.90$1.79$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.0$29.6$5.32$1.93$1.83$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.8$26.8$5.00$1.93$1.51$0.42
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$26.3$4.70$2.49$1.12$1.37
2015Detailed filing. Detailed filing data is available for this year.$26.1$22.9$3.16$1.16$1.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$23.5$20.5$2.99$0.94$0.91$0.04
2013Detailed filing. Detailed filing data is available for this year.$19.0$16.1$2.95$0.81$0.77$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$15.0$2.83$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$15.1$2.72$0.74