Civic Intelligence

Lamoure Credit Union

990 • Fiscal year 2016 • EIN 45-0258543

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 28, 2017

Organization ProfileWWW.LAMOURECU.COM
203 7th Street SE PO Box 178Lamoure, ND 58458

(701) 883-5241

Siviq Scores

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

Liabilities / Assets

60th percentile

0.89x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

24.96x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

98th percentile

31%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$121,597

Higher top officer pay than 78% of similar nonprofits.

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

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

30th percentile

1.0%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

2.2%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$26,001,450

Up $268,210 (+1.0%) from 2015

Net Assets

Up

$2,926,735

Up $283,518 (+11%) from 2015

Liabilities

Down

$23,074,715

Down $15,308 (-0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin98th percentile

Revenue

Up

$924,576

Up $19,871 (+2.2%) from 2015

Expenses

Up

$641,058

Up $23,093 (+3.7%) from 2015

Net Income

Down

$283,518

Down $3,222 (-1.1%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$40M$30M$20M$10M$0Assets 2010: $16,489,269Liabilities 2010: $15,087,594Net Assets 2010: $1,401,6752010Assets 2011: $19,503,587Liabilities 2011: $17,926,294Net Assets 2011: $1,577,2932011Assets 2012: $23,772,663Liabilities 2012: $21,962,626Net Assets 2012: $1,810,0372012Assets 2013: $25,217,093Liabilities 2013: $23,137,605Net Assets 2013: $2,079,4882013Assets 2014: $24,860,381Liabilities 2014: $22,501,967Net Assets 2014: $2,358,4142014Assets 2015: $25,733,240Liabilities 2015: $23,090,023Net Assets 2015: $2,643,2172015Assets 2016: $26,001,450Liabilities 2016: $23,074,715Net Assets 2016: $2,926,7352016Assets 2017: $25,650,378Liabilities 2017: $22,447,687Net Assets 2017: $3,202,6912017Assets 2018: $25,142,437Liabilities 2018: $21,641,866Net Assets 2018: $3,500,5712018Assets 2019: $24,398,283Liabilities 2019: $20,601,367Net Assets 2019: $3,796,9162019Assets 2020: $29,887,326Liabilities 2020: $25,816,248Net Assets 2020: $4,071,0782020Assets 2021: $33,575,536Liabilities 2021: $29,297,126Net Assets 2021: $4,278,4102021Assets 2022: $36,107,391Liabilities 2022: $31,531,071Net Assets 2022: $4,576,3202022Assets 2023: $34,917,736Liabilities 2023: $29,622,056Net Assets 2023: $5,295,6802023Assets 2024: $37,948,728Liabilities 2024: $31,683,191Net Assets 2024: $6,265,5372024

Highlighted filing

2016

Assets$26,001,450
Liabilities$23,074,715
Net Assets$2,926,735
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

$3.0M$2.0M$1.0M$0Expenses 2010: $742,4682010Expenses 2011: $630,1802011Expenses 2012: $697,2622012Revenue 2013: $899,169Expenses 2013: $629,718Net Income 2013: $269,4512013Revenue 2014: $903,046Expenses 2014: $624,120Net Income 2014: $278,9262014Revenue 2015: $904,705Expenses 2015: $617,965Net Income 2015: $286,7402015Revenue 2016: $924,576Expenses 2016: $641,058Net Income 2016: $283,5182016Revenue 2017: $910,539Expenses 2017: $634,583Net Income 2017: $275,9562017Revenue 2018: $1,005,411Expenses 2018: $707,531Net Income 2018: $297,8802018Revenue 2019: $1,023,522Expenses 2019: $727,177Net Income 2019: $296,3452019Revenue 2020: $897,097Expenses 2020: $622,935Net Income 2020: $274,1622020Revenue 2021: $804,741Expenses 2021: $584,404Net Income 2021: $220,3372021Revenue 2022: $962,775Expenses 2022: $664,865Net Income 2022: $297,9102022Revenue 2023: $1,632,175Expenses 2023: $912,815Net Income 2023: $719,3602023Revenue 2024: $2,135,603Expenses 2024: $1,165,746Net Income 2024: $969,8572024

Highlighted filing

2016

Revenue$924,576
Expenses$641,058
Net Income$283,518
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 28, 2017
Return Version
2016v3.0
Gross Receipts
$924,576
Mission and Program Overview

Mission

The org is a state chartered credit union which is organized and operated for mutual purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$17,642,461$16,547,007▼ $1,095,454
Savings and Temporary Cash Investments$7,015,436$8,411,155▲ $1,395,719
Rtn Earn Endowment Incm Other Fnds$2,643,217$2,926,735▲ $283,518
Land, Buildings, and Equipment, Net$572,817$554,110▼ $18,707
Prepaid Expenses and Deferred Charges$12,095$10,687▼ $1,408
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$25,733,240$26,001,450▲ $268,210
Other Assets Total$490,431$478,491▼ $11,940
Liabilities
Other Liabilities$23,036,071$23,041,673▲ $5,602
Accounts Payable and Accrued Expenses$53,952$33,042▼ $20,910
Total Liabilities$23,090,023$23,074,715▼ $15,308
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,643,217$2,926,735▲ $283,518
Total Liabilities and Net Assets / Fund Balance$25,733,240$26,001,450▲ $268,210

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$518,491$151,198$669,689
Equipment$13,095$86,146$99,241
Land$22,524-$22,524
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric MuslandManager/treasurerFT$97,195$24,402$121,597
Dale SiedschlagPresident-$246-$246
Gloria LaufSecretary-$130-$130
Kent PetersonDirector-$120-$120
Kathy ExnerDirector-$100-$100
Barry TownsendVice President-$70-$70
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$894,960
Investment Income
$15,216
Other Revenue
$14,400
Change in Net Assets
$283,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$332,257
Other Expenses$237,923
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$149,238
Current Officers, Directors, Trustees, and Key Employees---$122,262
Benefits to Members---$70,878
Office Expenses---$41,926
Other Employee Benefits---$30,920
Depreciation Depletion---$21,757
Payroll Taxes---$19,841
All Other Expenses---$18,026
Fees for Services Accounting---$18,000
Occupancy---$15,945
Advertising---$13,576
Insurance---$13,112
Pension Plan Contributions---$9,996
Other Expenses---$4,919
Conferences and Meetings---$4,286
Travel---$2,106
Total Functional Expenses$0$0$0$641,058
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 Shares$10,363,519
Member Share Drafts$6,734,854
Member Certificates$5,943,300
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
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

“ONE CLASS OF MEMBERSHIP.”

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

“ONE VOTE PER MEMBER.”

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

“Members vote on bylaw amendments and officer elections.”

Form 990, Part VI, Section A, Line 8B

“Not applicable, no committees with authority to act on behalf of the governing body.”

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

“The manager reviews the 990 in detail. After his review, the 990 is provided to each board member. The manager presents the 990 to the board of directors at the meeting held prior to its filing if so requested by any board member. Whether presented in a board meeting or not, the 990 is not filed until each board member has been given a copy of it.”

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

“All board members and employees are covered by the policy. The full board determines whether a conflict of interest exists. If a board member has a conflict, he/she must abstain from discussion and voting on that item.”

Form 990, Part VI, Section B, Line 15A

“Compensation is reviewed annually in a board meeting. Evaluations are done and comparability data is used to determine appopriate salary adjustments. The board follows this process for all employees. The process was last undertaken in 2016.”

Form 990, Part VI, Section C, Line 19

“The financial statements are posted in the lobby. In addition, the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lamoure Credit Union
EIN
45-0258543
Phone
7018835241
Address
203 7TH STREET SE PO BOX 178, LAMOURE, ND 58458

Signing Officer

Name
Eric Musland
Title
Manager/treasurer
Phone
7018835241
Signed
2017-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Musland
Formed
1940
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Raw XML Appendix340 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE VOTE PER MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE ON BYLAW AMENDMENTS AND OFFICER ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE, NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER REVIEWS THE 990 IN DETAIL. AFTER HIS REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER. THE MANAGER PRESENTS THE 990 TO THE BOARD OF DIRECTORS AT THE MEETING HELD PRIOR TO ITS FILING IF SO REQUESTED BY ANY BOARD MEMBER. WHETHER PRESENTED IN A BOARD MEETING OR NOT, THE 990 IS NOT FILED UNTIL EACH BOARD MEMBER HAS BEEN GIVEN A COPY OF IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS AND EMPLOYEES ARE COVERED BY THE POLICY. THE FULL BOARD DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. IF A BOARD MEMBER HAS A CONFLICT, HE/SHE MUST ABSTAIN FROM DISCUSSION AND VOTING ON THAT ITEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS REVIEWED ANNUALLY IN A BOARD MEETING. EVALUATIONS ARE DONE AND COMPARABILITY DATA IS USED TO DETERMINE APPOPRIATE SALARY ADJUSTMENTS. THE BOARD FOLLOWS THIS PROCESS FOR ALL EMPLOYEES. THE PROCESS WAS LAST UNDERTAKEN IN 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. IN ADDITION, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC 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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025733240
IRS990/TotalAssetsEOYAmt026001450
IRS990/TotalAssetsGrp/BOYAmt025733240
IRS990/TotalAssetsGrp/EOYAmt026001450
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0641058
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023090023
IRS990/TotalLiabilitiesEOYAmt023074715
IRS990/TotalLiabilitiesGrp/BOYAmt023090023
IRS990/TotalLiabilitiesGrp/EOYAmt023074715
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02643217
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02926735
IRS990/TotalOtherCompensationAmt024402
IRS990/TotalProgramServiceRevenueAmt0894960
IRS990/TotalReportableCompFromOrgAmt097861
IRS990/TotalRevenueGrp/ExclusionAmt029616
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0894960
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0924576
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025733240
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026001450
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02106
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 7TH STREET SE PO BOX 178
IRS990/USAddress/CityNm0LAMOURE
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058458
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LAMOURECU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC MUSLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07018835241
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMOURE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LAMO
ReturnHeader/Filer/EIN0450258543
ReturnHeader/Filer/PhoneNum07018835241
ReturnHeader/Filer/USAddress/AddressLine1Txt0203 7TH STREET SE PO BOX 178
ReturnHeader/Filer/USAddress/CityNm0LAMOURE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B16095FA32523CD326D583884BA37C70A3019BC0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.72.131.10
ReturnHeader/FilingSecurityInformation/IPDt02017-03-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:31:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 EAST 10TH ST PO BOX 5125
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571175125
ReturnHeader/PreparerPersonGrp/PhoneNum06053391999
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE HANSON
ReturnHeader/ReturnTs02017-03-31T11:18:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,001,450
Liabilities
$23,074,715
Net assets
$2,926,735
Revenue
$924,576
Expenses
$641,058
Net income
$283,518
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.9$31.7$6.27$2.14$1.17$0.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.9$29.6$5.30$1.63$0.91$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.1$31.5$4.58$0.96$0.66$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$29.3$4.28$0.80$0.58$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$25.8$4.07$0.90$0.62$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$20.6$3.80$1.02$0.73$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$21.6$3.50$1.01$0.71$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$22.4$3.20$0.91$0.63$0.28
2016Detailed filing. Detailed filing data is available for this year.$26.0$23.1$2.93$0.92$0.64$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$23.1$2.64$0.90$0.62$0.29
2014Detailed filing. Detailed filing data is available for this year.$24.9$22.5$2.36$0.90$0.62$0.28
2013Detailed filing. Detailed filing data is available for this year.$25.2$23.1$2.08$0.90$0.63$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$22.0$1.81$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$17.9$1.58$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$15.1$1.40$0.74