Civic Intelligence

Summit Ridge Credit Union

990 • Fiscal year 2015 • EIN 44-6013148

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 01, 2016

3485 NE Ralph Powell RoadLees Summit, MO 64064-2361

(816) 272-6160

Siviq Scores

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

Liabilities / Assets

84th percentile

0.91x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

20.17x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

4th percentile

-18%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$108,242

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

40th percentile

1.8%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-1.2%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$15,959,009

Up $276,695 (+1.8%) from 2014

Net Assets

Down

$1,405,943

Down $126,888 (-8.3%) from 2014

Liabilities

Up

$14,553,066

Up $403,583 (+2.9%) from 2014

Revenue

Down

$721,547

Down $8,920 (-1.2%) from 2014

Expenses

Up

$848,435

Up $136,331 (+19%) from 2014

Net Income

Down

-$126,888

Down $145,251 (-791%) from 2014

Historical Trend

Balance Sheet Trend

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

$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

2015

Assets$15,959,009
Liabilities$14,553,066
Net Assets$1,405,943

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$721,547
Expenses$848,435
Net Income-$126,888
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 1, 2016
Return Version
2015v2.1
Gross Receipts
$721,547
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.

Summit ridge credit union is committed to provide prompt high quality services and education intended to improve the members' financial well-being at affordable rates. - provide affordable financial assistance and services in a friendly and professional environment. - assist members to save and plan for their future and well-being. - increase and improve services offered allowing easier and more efficient opportunity to conduct financial business and enhance members' benefits. - always provide excellent customer service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,650,118$8,119,915▼ $530,203
Savings and Temporary Cash Investments$6,131,401$6,938,733▲ $807,332
Rtn Earn Endowment Incm Other Fnds$1,532,831$1,405,943▼ $126,888
Land, Buildings, and Equipment, Net$491,422$472,968▼ $18,454
Cash and Non-Interest-Bearing Accounts$225,636$233,850▲ $8,214
Prepaid Expenses and Deferred Charges$10,060$12,601▲ $2,541
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,682,314$15,959,009▲ $276,695
Other Assets Total$173,677$180,942▲ $7,265
Liabilities
Other Liabilities$14,043,152$14,453,388▲ $410,236
Accounts Payable and Accrued Expenses$106,331$99,678▼ $6,653
Total Liabilities$14,149,483$14,553,066▲ $403,583
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,532,831$1,405,943▼ $126,888
Total Liabilities and Net Assets / Fund Balance$15,682,314$15,959,009▲ $276,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,759$42,154$308,913
Land$172,986-$172,986
Equipment$33,223$84,099$117,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brenda RempePresidentFT$105,059$3,183$108,242

Board Members and Trustees

NameTitle
Norman BeemanChairman
Brad WiseVice Chairman
Dennis FrancisBoard Member
L Jill GalateBoard Member
Mike LandvikBoard Member
Sherri McgregorBoard Member
Clover PiperSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$622,112
Investment Income
$95,975
Other Revenue
$3,460
Change in Net Assets
$-126,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$593,354
Salaries, Compensation, and Employee Benefits$255,081
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$153,396
Other Salaries and Wages---$126,833
Current Officers, Directors, Trustees, and Key Employees---$108,242
Advertising---$37,008
Occupancy---$27,934
Depreciation Depletion---$25,719
Fees for Services Other---$23,531
All Other Expenses---$23,024
Payroll Taxes---$18,425
Other Expenses---$14,401
Fees for Services Accounting---$5,884
Pension Plan Contributions---$1,581
Total Functional Expenses$0$0$0$848,435
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$14,453,388
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, 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 11

The credit union president reviews the form 990 before filing and makes it available to the board members.

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 and an employment contract. 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
Brenda Rempe
Title
President
Phone
8162726160
Signed
2016-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Rempe
Formed
1955
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
9

Preparer

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

Additional Explanations

Form 990, Part III, line 2

In 2015, the credit union implemented cudl indirect lending.

Raw XML Appendix345 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/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03460
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01532831
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01405943
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06131401
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06938733
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0266759
IRS990ScheduleD/BuildingsGrp/DepreciationAmt042154
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0308913
IRS990ScheduleD/EquipmentGrp/BookValueAmt033223
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084099
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0117322
IRS990ScheduleD/LandGrp/BookValueAmt0172986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0172986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014453388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0472968
IRS990ScheduleD/TotalLiabilityAmt014453388
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2015, THE CREDIT UNION IMPLEMENTED CUDL INDIRECT LENDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, THERE WERE NO SUCH CHANGES DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION PRESIDENT REVIEWS THE FORM 990 BEFORE FILING AND MAKES IT AVAILABLE TO THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON 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/ExplanationTxt6THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION BASED ON SURVEY RESULTS AND AN EMPLOYMENT CONTRACT. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL 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 III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015682314
IRS990/TotalAssetsEOYAmt015959009
IRS990/TotalAssetsGrp/BOYAmt015682314
IRS990/TotalAssetsGrp/EOYAmt015959009
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848435
IRS990/TotalGrossUBIAmt03088
IRS990/TotalLiabilitiesBOYAmt014149483
IRS990/TotalLiabilitiesEOYAmt014553066
IRS990/TotalLiabilitiesGrp/BOYAmt014149483
IRS990/TotalLiabilitiesGrp/EOYAmt014553066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01532831
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01405943
IRS990/TotalOtherCompensationAmt03183
IRS990/TotalProgramServiceRevenueAmt0622112
IRS990/TotalReportableCompFromOrgAmt0105059
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0718459
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0721547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03088
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015682314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015959009
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA REMPE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08162726160
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-01
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/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/ReturnTs02016-11-01T13:29:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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.$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