Civic Intelligence

Morton Credit Union

990 • Fiscal year 2015 • EIN 48-0544200

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 22, 2016

121 Morton DrSouth Hutchinson, KS 67505

(620) 665-6792

Siviq Scores

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

Liabilities / Assets

68th percentile

0.87x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

14.45x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Net Margin

30th percentile

-2.0%

Higher net margin than 30% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$64,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Asset Growth

13th percentile

-6.7%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

-2.5%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,819,751

Down $275,355 (-6.7%) from 2014

Net Assets

Down

$497,404

Down $4,497 (-0.9%) from 2014

Liabilities

Down

$3,322,347

Down $270,858 (-7.5%) from 2014

Revenue

Down

$229,945

Down $5,857 (-2.5%) from 2014

Expenses

Down

$234,442

Down $20,567 (-8.1%) from 2014

Net Income

Up

-$4,497

Up $14,710 (+77%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,295,972Liabilities 2010: $2,739,570Net Assets 2010: $556,4022010Assets 2011: $3,325,350Liabilities 2011: $2,804,299Net Assets 2011: $521,0512011Assets 2012: $3,536,074Liabilities 2012: $3,003,424Net Assets 2012: $532,6502012Assets 2013: $3,601,782Liabilities 2013: $3,080,423Net Assets 2013: $521,3592013Assets 2014: $4,095,106Liabilities 2014: $3,593,205Net Assets 2014: $501,9012014Assets 2015: $3,819,751Liabilities 2015: $3,322,347Net Assets 2015: $497,4042015Assets 2016: $3,892,524Liabilities 2016: $3,343,410Net Assets 2016: $549,1142016Assets 2017: $4,095,492Liabilities 2017: $3,500,238Net Assets 2017: $595,2542017Assets 2018: $4,339,772Liabilities 2018: $3,740,713Net Assets 2018: $599,0592018Assets 2019: $4,333,082Liabilities 2019: $3,673,224Net Assets 2019: $659,8582019Assets 2020: $4,945,549Liabilities 2020: $4,292,805Net Assets 2020: $652,7442020Assets 2021: $5,476,622Liabilities 2021: $4,839,944Net Assets 2021: $636,6782021Assets 2022: $5,482,648Liabilities 2022: $4,864,954Net Assets 2022: $617,6942022Assets 2023: $5,395,770Liabilities 2023: $4,736,952Net Assets 2023: $658,8182023Assets 2024: $5,244,535Liabilities 2024: $4,535,730Net Assets 2024: $708,8052024Assets 2025: $5,265,414Liabilities 2025: $4,527,665Net Assets 2025: $737,7492025

Highlighted filing

2015

Assets$3,819,751
Liabilities$3,322,347
Net Assets$497,404

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $244,1222010Expenses 2011: $253,1262011Expenses 2012: $232,1252012Revenue 2013: $222,451Expenses 2013: $233,742Net Income 2013: -$11,2912013Revenue 2014: $235,802Expenses 2014: $255,009Net Income 2014: -$19,2072014Revenue 2015: $229,945Expenses 2015: $234,442Net Income 2015: -$4,4972015Revenue 2016: $272,028Expenses 2016: $220,318Net Income 2016: $51,7102016Revenue 2017: $314,181Expenses 2017: $268,041Net Income 2017: $46,1402017Revenue 2018: $358,702Expenses 2018: $354,897Net Income 2018: $3,8052018Revenue 2019: $383,959Expenses 2019: $323,160Net Income 2019: $60,7992019Revenue 2020: $351,299Expenses 2020: $358,413Net Income 2020: -$7,1142020Revenue 2021: $284,257Expenses 2021: $300,323Net Income 2021: -$16,0662021Revenue 2022: $283,166Expenses 2022: $302,150Net Income 2022: -$18,9842022Revenue 2023: $387,242Expenses 2023: $346,118Net Income 2023: $41,1242023Revenue 2024: $402,375Expenses 2024: $352,388Net Income 2024: $49,9872024Revenue 2025: $425,348Expenses 2025: $396,404Net Income 2025: $28,9442025

Highlighted filing

2015

Revenue$229,945
Expenses$234,442
Net Income-$4,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 22, 2016
Return Version
2015v2.1
Gross Receipts
$229,945
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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,416,343$1,805,710▼ $610,633
Other Notes and Loans Receivable, Net$1,528,668$1,748,047▲ $219,379
Rtn Earn Endowment Incm Other Fnds$501,901$497,404▼ $4,497
Cash and Non-Interest-Bearing Accounts$129,126$176,205▲ $47,079
Receivables From Officers Etc-$73,767-
Land, Buildings, and Equipment, Net$17,334$15,526▼ $1,808
Prepaid Expenses and Deferred Charges$3,635$496▼ $3,139
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,095,106$3,819,751▼ $275,355
Liabilities
Other Liabilities$3,579,406$3,313,326▼ $266,080
Accounts Payable and Accrued Expenses$13,799$9,021▼ $4,778
Total Liabilities$3,593,205$3,322,347▼ $270,858
Net Assets / Fund Balance
Total Net Assets Fund Balance$501,901$497,404▼ $4,497
Total Liabilities and Net Assets / Fund Balance$4,095,106$3,819,751▼ $275,355

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,526$38,474$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$26,865$0
Leasehold Improvements$0$15,910$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judy VoeltzManagerFT$32,000$32,000$64,000

Board Members and Trustees

NameTitle
Linda RichardsonChairperson
Tom GisickBoard Member
David DanewitzDirector
Gary StiebenDirector
Tammy FletchallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$229,945
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,972
Salaries, Compensation, and Employee Benefits$83,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$53,896
Other Salaries and Wages---$44,994
Current Officers, Directors, Trustees, and Key Employees---$32,000
Information Technology---$24,205
Occupancy---$20,030
Fees for Services Legal---$8,164
Insurance---$8,137
All Other Expenses---$7,152
Payroll Taxes---$6,223
Other Expenses---$5,079
Fees for Services Other---$5,028
Depreciation Depletion---$2,497
Fees for Services Management---$2,151
Travel---$885
Conferences and Meetings---$646
Other Employee Benefits---$253
Advertising---$50
Total Functional Expenses$0$0$0$234,442
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$73,767-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$3,313,326
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of directors delegates day to day management to the manager

Form 990, Part VI, Section A, Line 6

The credit union is owned by its members

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

The credit union membership elects the board of directors

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

Certain decision such as mergers and change of bylaws must be approved by the entire membership. No such items have taken place in 2015

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

Board Meeting

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

Review annually at board meeting

Form 990, Part VI, Section B, Line 15

The board of directors sets the salary for the manager

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 informaiton as part of the quarterly call reports. Other documents policies and procedures are avialabel upon request

Filing and Contact Details

Filer

Filer Name
Morton Credit Union
EIN
48-0544200
Phone
6206656792
Address
121 MORTON DR, SOUTH HUTCHINSON, KS 67505

Signing Officer

Name
Christie Gardner
Title
Manager
Phone
6206656792
Signed
2016-01-22

Organization Details

Principal Officer
Christie Gardner
Formed
1941
Legal Domicile
Ks
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5
Raw XML Appendix386 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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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03313326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015526
IRS990ScheduleD/TotalLiabilityAmt03313326
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt016149
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12730
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt254888
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt023551
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110247
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt262196
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Tom Gisick
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1David Danewitz
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Tammie Fletchall
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt073767
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors delegates day to day management to the manager
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The credit union is owned by its members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The credit union membership elects the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Certain decision such as mergers and change of bylaws must be approved by the entire membership. No such items have taken place in 2015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Review annually at board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board of directors sets the salary for the manager
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE LOBBY, PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMAITON AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS POLICIES AND PROCEDURES ARE AVIALABEL UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
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 11b
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/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04095106
IRS990/TotalAssetsEOYAmt03819751
IRS990/TotalAssetsGrp/BOYAmt04095106
IRS990/TotalAssetsGrp/EOYAmt03819751
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234442
IRS990/TotalGrossUBIAmt0460
IRS990/TotalLiabilitiesBOYAmt03593205
IRS990/TotalLiabilitiesEOYAmt03322347
IRS990/TotalLiabilitiesGrp/BOYAmt03593205
IRS990/TotalLiabilitiesGrp/EOYAmt03322347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0501901
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0497404
IRS990/TotalOtherCompensationAmt032000
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0234442
IRS990/TotalProgramServiceRevenueAmt0229945
IRS990/TotalReportableCompFromOrgAmt032000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0229485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229945
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0460
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04095106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03819751
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0885
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121 Morton Dr
IRS990/USAddress/CityNm0South Hutchinson
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067505
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MORTONCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Christie Gardner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum06206656792
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORTON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MORT
ReturnHeader/Filer/EIN0480544200
ReturnHeader/Filer/PhoneNum06206656792
ReturnHeader/Filer/USAddress/AddressLine1Txt0121 MORTON DR
ReturnHeader/Filer/USAddress/CityNm0SOUTH HUTCHINSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd067505
ReturnHeader/ReturnTs02016-03-22T12:36:02-07:00
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
2025Detailed filing. Detailed filing data is available for this year.$5.27$4.53$0.74$0.43$0.40$0.03
2024Detailed filing. Detailed filing data is available for this year.$5.24$4.54$0.71$0.40$0.35$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.40$4.74$0.66$0.39$0.35$0.04
2022Detailed filing. Detailed filing data is available for this year.$5.48$4.86$0.62$0.28$0.30$0.02
2021Detailed filing. Detailed filing data is available for this year.$5.48$4.84$0.64$0.28$0.30$0.02
2020Detailed filing. Detailed filing data is available for this year.$4.95$4.29$0.65$0.35$0.36$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.33$3.67$0.66$0.38$0.32$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.34$3.74$0.60$0.36$0.35$0.00
2017Detailed filing. Detailed filing data is available for this year.$4.10$3.50$0.60$0.31$0.27$0.05
2016Detailed filing. Detailed filing data is available for this year.$3.89$3.34$0.55$0.27$0.22$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.82$3.32$0.50$0.23$0.23$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.10$3.59$0.50$0.24$0.26$0.02
2013Detailed filing. Detailed filing data is available for this year.$3.60$3.08$0.52$0.22$0.23$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$3.00$0.53$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$2.80$0.52$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$2.74$0.56$0.24