Civic Intelligence

Goetz Credit Union

990 • Fiscal year 2015 • EIN 44-0261775

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 05, 2016

1905 Howard StSt Joseph, MO 64501-1540

(816) 232-8754

Siviq Scores

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

Liabilities / Assets

36th percentile

0.88x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

18.55x

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

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

91st percentile

22%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$131,235

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

90th percentile

10%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

12%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$51,785,983

Up $8,733,174 (+20%) from 2013

Net Assets

Up

$6,379,822

Up $815,760 (+15%) from 2013

Liabilities

Up

$45,406,161

Up $7,917,414 (+21%) from 2013

Revenue

Up

$2,447,927

Up $318,690 (+15%) from 2013

Expenses

Up

$1,905,073

Up $51,626 (+2.8%) from 2013

Net Income

Up

$542,854

Up $267,064 (+97%) from 2013

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $34,378,082Liabilities 2010: $29,596,842Net Assets 2010: $4,781,2402010Assets 2011: $37,741,919Liabilities 2011: $32,597,645Net Assets 2011: $5,144,2742011Assets 2012: $40,956,358Liabilities 2012: $35,516,273Net Assets 2012: $5,440,0852012Assets 2013: $43,052,809Liabilities 2013: $37,488,747Net Assets 2013: $5,564,0622013Assets 2015: $51,785,983Liabilities 2015: $45,406,161Net Assets 2015: $6,379,8222015Assets 2016: $54,868,953Liabilities 2016: $47,997,304Net Assets 2016: $6,871,6492016Assets 2017: $55,831,640Liabilities 2017: $48,692,636Net Assets 2017: $7,139,0042017Assets 2019: $61,563,191Liabilities 2019: $53,561,942Net Assets 2019: $8,001,2492019Assets 2020: $74,697,247Liabilities 2020: $66,176,237Net Assets 2020: $8,521,0102020Assets 2021: $85,915,878Liabilities 2021: $76,939,682Net Assets 2021: $8,976,1962021Assets 2022: $85,517,811Liabilities 2022: $75,604,825Net Assets 2022: $9,912,9862022

Highlighted filing

2015

Assets$51,785,983
Liabilities$45,406,161
Net Assets$6,379,822

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,456,7682010Expenses 2011: $1,656,1362011Expenses 2012: $1,848,9512012Revenue 2013: $2,129,237Expenses 2013: $1,853,447Net Income 2013: $275,7902013Revenue 2015: $2,447,927Expenses 2015: $1,905,073Net Income 2015: $542,8542015Revenue 2016: $2,850,919Expenses 2016: $2,323,868Net Income 2016: $527,0512016Revenue 2017: $3,002,707Expenses 2017: $2,637,570Net Income 2017: $365,1372017Revenue 2019: $3,621,690Expenses 2019: $3,170,712Net Income 2019: $450,9782019Revenue 2020: $3,720,551Expenses 2020: $3,047,023Net Income 2020: $673,5282020Revenue 2021: $3,831,238Expenses 2021: $3,254,918Net Income 2021: $576,3202021Revenue 2022: $4,516,158Expenses 2022: $3,746,043Net Income 2022: $770,1152022

Highlighted filing

2015

Revenue$2,447,927
Expenses$1,905,073
Net Income$542,854
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 5, 2016
Return Version
2015v2.1
Gross Receipts
$2,447,927
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$23,732,223$26,752,718▲ $3,020,495
Savings and Temporary Cash Investments$12,257,533$13,081,268▲ $823,735
Cash and Non-Interest-Bearing Accounts$8,696,898$9,804,220▲ $1,107,322
Rtn Earn Endowment Incm Other Fnds$5,901,387$6,379,822▲ $478,435
Land, Buildings, and Equipment, Net$89,351$91,989▲ $2,638
Prepaid Expenses and Deferred Charges$10,994$12,012▲ $1,018
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,892,602$51,785,983▲ $4,893,381
Other Assets Total$2,105,603$2,043,776▼ $61,827
Liabilities
Other Liabilities$40,553,793$44,882,699▲ $4,328,906
Accounts Payable and Accrued Expenses$437,422$523,462▲ $86,040
Total Liabilities$40,991,215$45,406,161▲ $4,414,946
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,901,387$6,379,822▲ $478,435
Total Liabilities and Net Assets / Fund Balance$46,892,602$51,785,983▲ $4,893,381

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,961$355,432$389,393
Buildings$34,879$279,411$314,290
Other Land Buildings$0$93,456$93,456
Land$23,149-$23,149
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonda DavidsonPresidentFT$92,712$38,523$131,235
Lela BachmanSecretary/treasurerPT$788$2,400$3,188

Board Members and Trustees

NameTitle
Carol WoodChairman
Kelly WelchVice Chairman
Elden KneibDirector
Gregory LoganDirector
Julia SchultzDirector
Kenneth BrysonDirector
Kenny MartinezDirector
Tom ChleboradDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,331,809
Investment Income
$102,283
Other Revenue
$13,835
Change in Net Assets
$542,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,313,575
Salaries, Compensation, and Employee Benefits$577,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$389,487
Other Salaries and Wages---$277,335
Information Technology---$208,931
Current Officers, Directors, Trustees, and Key Employees---$134,423
Pension Plan Contributions---$77,962
Other Employee Benefits---$57,937
Advertising---$51,251
Occupancy---$45,985
Insurance---$37,461
Depreciation Depletion---$33,072
Payroll Taxes---$29,792
Other Expenses---$22,985
Fees for Services Accounting---$15,634
Benefits to Members---$14,049
Conferences and Meetings---$10,376
All Other Expenses---$9,211
Fees for Services Legal---$6,656
Total Functional Expenses$0$0$0$1,905,073
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$44,882,699
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
No
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, 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

Significant changes such as changes to bylaws and mergers 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 11

The president reviews details of the 990 before presenting it to the board of directors.

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

Annually, all officers, directors, and key employees are required to review the conflict of interest policy, disclose any interests that could give rise to conflicts, and submit a signed statement to that effect. These statements are maintained on file at the credit union.

Form 990, Part VI, Section B, line 15

The board of directors determines and approves the president's compensation. They also review and approve the president's recommendations for all other salaries. The board's deliberations and decisions are documented in the minutes.

Form 990, Part VI, Section C, line 19

Financial statements are posted monthly 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
Goetz Credit Union
EIN
44-0261775
Phone
8162328754
Address
1905 HOWARD ST, ST JOSEPH, MO 64501-1540

Signing Officer

Name
Sonda Davidson
Title
President
Phone
8162328754
Signed
2016-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonda Davidson
Formed
1937
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
13

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

Change in other comprehensive income - pension fund liability -64,419.

Raw XML Appendix363 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/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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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, 2015, THERE WERE 3,238 LOANS OUTSTANDING TOTALING $26,921,493.
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt013835
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05901387
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06379822
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012257533
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013081268
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt034879
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0279411
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0314290
IRS990ScheduleD/EquipmentGrp/BookValueAmt033961
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0355432
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0389393
IRS990ScheduleD/LandGrp/BookValueAmt023149
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt023149
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt093456
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt093456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044882699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091989
IRS990ScheduleD/TotalLiabilityAmt044882699
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/ExplanationTxt2SIGNIFICANT CHANGES SUCH AS CHANGES TO BYLAWS AND MERGERS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT REVIEWS DETAILS OF THE 990 BEFORE PRESENTING IT TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE PRESIDENT'S COMPENSATION. THEY ALSO REVIEW AND APPROVE THE PRESIDENT'S RECOMMENDATIONS FOR ALL OTHER SALARIES. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED MONTHLY 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/ExplanationTxt7CHANGE IN OTHER COMPREHENSIVE INCOME - PENSION FUND LIABILITY -64,419.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046892602
IRS990/TotalAssetsEOYAmt051785983
IRS990/TotalAssetsGrp/BOYAmt046892602
IRS990/TotalAssetsGrp/EOYAmt051785983
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt01905073
IRS990/TotalGrossUBIAmt013552
IRS990/TotalLiabilitiesBOYAmt040991215
IRS990/TotalLiabilitiesEOYAmt045406161
IRS990/TotalLiabilitiesGrp/BOYAmt040991215
IRS990/TotalLiabilitiesGrp/EOYAmt045406161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05901387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06379822
IRS990/TotalOtherCompensationAmt040923
IRS990/TotalProgramServiceRevenueAmt02331809
IRS990/TotalReportableCompFromOrgAmt093500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02434375
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02447927
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt013552
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046892602
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051785983
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01905 HOWARD ST
IRS990/USAddress/CityNm0ST JOSEPH
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd0645011540
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GOETZCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SONDA DAVIDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08162328754
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOETZ CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GOET
ReturnHeader/Filer/EIN0440261775
ReturnHeader/Filer/PhoneNum08162328754
ReturnHeader/Filer/USAddress/AddressLine1Txt01905 HOWARD ST
ReturnHeader/Filer/USAddress/CityNm0ST JOSEPH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd0645011540
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431592217
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/ReturnTs02016-07-05T11:19:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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