Civic Intelligence

Summit Ridge Credit Union

EIN 44-6013148 • 501(c)14 • Lees Summit, MO

Profile

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

3485 NE Ralph Powell RoadLees Summit, MO 64064-2361

www.mysrcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

15.88x

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

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

21st percentile

-7.1%

Higher net margin than 21% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-3.6%

Faster asset growth than 29% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$21,007,578

Down $312,563 (-1.5%) from 2023

Liabilities

Down

$19,394,619

Down $225,998 (-1.2%) from 2023

Net Assets

Down

$1,612,959

Down $86,565 (-5.1%) from 2023

Revenue

Up

$1,221,695

Up $61,491 (+5.3%) from 2023

Expenses

Up

$1,308,260

Up $208,847 (+19%) from 2023

Net Income

Down

-$86,565

Down $147,356 (-242%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $13,217,492Liabilities 2010: $11,699,453Net Assets 2010: $1,518,0392010Assets 2011: $14,017,243Liabilities 2011: $12,484,485Net Assets 2011: $1,532,7582011Assets 2012: $16,512,552Liabilities 2012: $14,962,874Net Assets 2012: $1,549,6782012Assets 2013: $16,245,221Liabilities 2013: $14,730,753Net Assets 2013: $1,514,4682013Assets 2014: $15,682,314Liabilities 2014: $14,149,483Net Assets 2014: $1,532,8312014Assets 2015: $15,959,009Liabilities 2015: $14,553,066Net Assets 2015: $1,405,9432015Assets 2016: $16,140,445Liabilities 2016: $14,733,891Net Assets 2016: $1,406,5542016Assets 2017: $14,935,707Liabilities 2017: $13,498,577Net Assets 2017: $1,437,1302017Assets 2018: $15,381,481Liabilities 2018: $13,928,487Net Assets 2018: $1,452,9942018Assets 2019: $15,878,910Liabilities 2019: $14,391,317Net Assets 2019: $1,487,5932019Assets 2020: $16,873,674Liabilities 2020: $15,336,223Net Assets 2020: $1,537,4512020Assets 2021: $20,356,326Liabilities 2021: $18,743,502Net Assets 2021: $1,612,8242021Assets 2022: $22,613,335Liabilities 2022: $20,974,602Net Assets 2022: $1,638,7332022Assets 2023: $21,320,141Liabilities 2023: $19,620,617Net Assets 2023: $1,699,5242023Assets 2024: $21,007,578Liabilities 2024: $19,394,619Net Assets 2024: $1,612,9592024

Highlighted filing

2024

Assets$21,007,578
Liabilities$19,394,619
Net Assets$1,612,959

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $560,6212010Expenses 2011: $561,9572011Expenses 2012: $567,0452012Revenue 2013: $653,830Expenses 2013: $689,040Net Income 2013: -$35,2102013Revenue 2014: $730,467Expenses 2014: $712,104Net Income 2014: $18,3632014Revenue 2015: $721,547Expenses 2015: $848,435Net Income 2015: -$126,8882015Revenue 2016: $779,335Expenses 2016: $778,724Net Income 2016: $6112016Revenue 2017: $791,005Expenses 2017: $760,429Net Income 2017: $30,5762017Revenue 2018: $781,107Expenses 2018: $765,243Net Income 2018: $15,8642018Revenue 2019: $866,427Expenses 2019: $831,828Net Income 2019: $34,5992019Revenue 2020: $856,825Expenses 2020: $806,967Net Income 2020: $49,8582020Revenue 2021: $873,763Expenses 2021: $798,390Net Income 2021: $75,3732021Revenue 2022: $995,532Expenses 2022: $969,623Net Income 2022: $25,9092022Revenue 2023: $1,160,204Expenses 2023: $1,099,413Net Income 2023: $60,7912023Revenue 2024: $1,221,695Expenses 2024: $1,308,260Net Income 2024: -$86,5652024

Highlighted filing

2024

Revenue$1,221,695
Expenses$1,308,260
Net Income-$86,565

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.0$19.4$1.61$1.22$1.31$0.09
2023Detailed filing. Detailed filing data is available for this year.$21.3$19.6$1.70$1.16$1.10$0.06
2022Detailed filing. Detailed filing data is available for this year.$22.6$21.0$1.64$1.00$0.97$0.03
2021Detailed filing. Detailed filing data is available for this year.$20.4$18.7$1.61$0.87$0.80$0.08
2020Detailed filing. Detailed filing data is available for this year.$16.9$15.3$1.54$0.86$0.81$0.05
2019Detailed filing. Detailed filing data is available for this year.$15.9$14.4$1.49$0.87$0.83$0.03
2018Detailed filing. Detailed filing data is available for this year.$15.4$13.9$1.45$0.78$0.77$0.02
2017Detailed filing. Detailed filing data is available for this year.$14.9$13.5$1.44$0.79$0.76$0.03
2016Detailed filing. Detailed filing data is available for this year.$16.1$14.7$1.41$0.78$0.78$0.00
2015Detailed filing. Detailed filing data is available for this year.$16.0$14.6$1.41$0.72$0.85$0.13
2014Detailed filing. Detailed filing data is available for this year.$15.7$14.1$1.53$0.73$0.71$0.02
2013Detailed filing. Detailed filing data is available for this year.$16.2$14.7$1.51$0.65$0.69$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$15.0$1.55$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$12.5$1.53$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$11.7$1.52$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$1,221,695
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$14,059,210$11,693,014▼ $2,366,196
Savings and Temporary Cash Investments$6,429,500$8,344,058▲ $1,914,558
Rtn Earn Endowment Incm Other Fnds$1,699,524$1,612,959▼ $86,565
Land, Buildings, and Equipment, Net$400,951$396,932▼ $4,019
Cash and Non-Interest-Bearing Accounts$153,341$294,129▲ $140,788
Prepaid Expenses and Deferred Charges$26,956$31,419▲ $4,463
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$21,320,141$21,007,578▼ $312,563
Other Assets Total$250,183$248,026▼ $2,157
Liabilities
Other Liabilities$19,369,364$19,110,492▼ $258,872
Accounts Payable and Accrued Expenses$251,253$284,127▲ $32,874
Total Liabilities$19,620,617$19,394,619▼ $225,998
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,699,524$1,612,959▼ $86,565
Total Liabilities and Net Assets / Fund Balance$21,320,141$21,007,578▼ $312,563

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$223,041$122,859$345,900
Land$172,986-$172,986
Equipment$905$130,244$131,149
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharri WardlowPresidentFT$131,833$131,833

Board Members and Trustees

NameTitle
Brad WiseChairperson
Gerald Gary DerksBoard Member
Harvey HeidbrederBoard Member
Jp SandersBoard Member
Kirk BeemanBoard Member
Krystal JollyBoard Member
Lori BronsonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,046,317
Investment Income
$175,378
Other Revenue
$0
Change in Net Assets
$-86,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$942,170
Salaries, Compensation, and Employee Benefits$366,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$201,508
Other Salaries and Wages---$195,249
Current Officers, Directors, Trustees, and Key Employees---$131,833
Occupancy---$43,480
Fees for Services Other---$38,240
Fees for Services Legal---$24,742
Payroll Taxes---$22,460
Depreciation Depletion---$18,893
Other Employee Benefits---$16,548
All Other Expenses---$15,151
Advertising---$12,805
Other Expenses---$7,801
Fees for Services Accounting---$6,230
Total Functional Expenses$0$0$0$1,308,260
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
Shares/deposits$19,110,492
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 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
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

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

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

The credit union president reviews the form 990 and provides it to the board of directors.

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

On an annual basis, the president and all directors, committee members, and 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 compensation committee of the board of directors reviews and approves compensation based on survey results. Deliberations and decisions are documented in the board minutes.

Form 990, Part VI, Section C, Line 19

Financial statements are 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
Summit Ridge Credit Union
EIN
44-6013148
Phone
8162726160
Address
3485 NE RALPH POWELL ROAD, LEES SUMMIT, MO 64064-2361

Signing Officer

Name
Sharri Wardlow
Title
President
Phone
8162726160
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharri Wardlow
Formed
1955
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
10

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061-6454
Preparer
Gerald Tenbrink
Phone
9138946214
Raw XML Appendix342 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/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 979 LOANS OUTSTANDING TOTALING $11,774,418..
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $368,824 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0117907
IRS990/PYOtherExpensesAmt0764783
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01042297
IRS990/PYRevenuesLessExpensesAmt060791
IRS990/PYSalariesCompEmpBnftPaidAmt0334630
IRS990/PYTotalExpensesAmt01099413
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01160204
IRS990/ReconcilationRevenueExpnssAmt0-86565
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01699524
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01612959
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06429500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08344058
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0223041
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0122859
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0345900
IRS990ScheduleD/EquipmentGrp/BookValueAmt0905
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0130244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131149
IRS990ScheduleD/LandGrp/BookValueAmt0172986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0172986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019110492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0396932
IRS990ScheduleD/TotalLiabilityAmt019110492
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, THERE WERE NO SUCH CHANGES DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION PRESIDENT REVIEWS THE FORM 990 AND PROVIDES IT TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, AND 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 COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION BASED ON SURVEY RESULTS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE 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/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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021320141
IRS990/TotalAssetsEOYAmt021007578
IRS990/TotalAssetsGrp/BOYAmt021320141
IRS990/TotalAssetsGrp/EOYAmt021007578
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt01308260
IRS990/TotalGrossUBIAmt0967
IRS990/TotalLiabilitiesBOYAmt019620617
IRS990/TotalLiabilitiesEOYAmt019394619
IRS990/TotalLiabilitiesGrp/BOYAmt019620617
IRS990/TotalLiabilitiesGrp/EOYAmt019394619
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01699524
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01612959
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01046317
IRS990/TotalReportableCompFromOrgAmt0131833
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01220728
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01221695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0967
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021320141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021007578
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03485 NE RALPH POWELL ROAD
IRS990/USAddress/CityNm0LEES SUMMIT
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd0640642361
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MYSRCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARRI WARDLOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08162726160
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT RIDGE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0446013148
ReturnHeader/Filer/PhoneNum08162726160
ReturnHeader/Filer/USAddress/AddressLine1Txt03485 NE RALPH POWELL ROAD
ReturnHeader/Filer/USAddress/CityNm0LEES SUMMIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd0640642361
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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/ZIPCd0660616454
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02025-04-29T06:52:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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