Civic Intelligence

Morton Credit Union

990 • Fiscal year 2019 • EIN 48-0544200

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 20, 2020

Organization ProfileWWW.MORTONCU.COM
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

65th percentile

0.85x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

21st percentile

9.57x

Higher debt load relative to revenue than 21% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Net Margin

78th percentile

16%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$40,479

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2019

Asset Growth

60th percentile

-0.2%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

7.0%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$4,333,082

Down $6,690 (-0.2%) from 2018

Net Assets

Up

$659,858

Up $60,799 (+10%) from 2018

Liabilities

Down

$3,673,224

Down $67,489 (-1.8%) from 2018

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin78th percentile

Revenue

Up

$383,959

Up $25,257 (+7.0%) from 2018

Expenses

Down

$323,160

Down $31,737 (-8.9%) from 2018

Net Income

Up

$60,799

Up $56,994 (+1498%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

2019

Assets$4,333,082
Liabilities$3,673,224
Net Assets$659,858
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

2019

Revenue$383,959
Expenses$323,160
Net Income$60,799
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 20, 2020
Return Version
2019v5.0
Gross Receipts
$383,959
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
Other Notes and Loans Receivable, Net$3,151,626$3,276,242▲ $124,616
Savings and Temporary Cash Investments$1,039,164$880,466▼ $158,698
Rtn Earn Endowment Incm Other Fnds$599,059$659,858▲ $60,799
Cash and Non-Interest-Bearing Accounts$86,913$105,545▲ $18,632
Prepaid Expenses and Deferred Charges$37,230$50,540▲ $13,310
Land, Buildings, and Equipment, Net$12,536$8,291▼ $4,245
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,339,772$4,333,082▼ $6,690
Other Assets Total$12,303$11,998▼ $305
Liabilities
Other Liabilities$3,739,882$3,666,670▼ $73,212
Accounts Payable and Accrued Expenses$831$6,554▲ $5,723
Total Liabilities$3,740,713$3,673,224▼ $67,489
Net Assets / Fund Balance
Total Net Assets Fund Balance$599,059$659,858▲ $60,799
Total Liabilities and Net Assets / Fund Balance$4,339,772$4,333,082▼ $6,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,291$45,709$54,000
Equipment$0$42,775$42,775
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christie GardnerManagerFT$40,479$40,479

Board Members and Trustees

NameTitle
Gary StiebenBoard Chairman
Linda RichardsonBoard Vice Chairperson
David DanewitzBoard Member
Pam BabcockBoard Member
Tom GisickTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$370,152
Investment Income
$13,807
Other Revenue
$0
Change in Net Assets
$60,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,294
Salaries, Compensation, and Employee Benefits$124,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$104,819
Other Salaries and Wages---$74,440
Current Officers, Directors, Trustees, and Key Employees---$40,479
Occupancy---$32,282
Insurance---$11,400
Payroll Taxes---$9,588
Other Expenses---$7,442
Advertising---$5,630
Fees for Services Lobbying---$4,670
Depreciation Depletion---$4,254
Travel---$3,550
Fees for Services Accounting---$2,808
Fees for Services Legal---$2,747
Fees for Services Management---$774
Pension Plan Contributions---$359
Total Functional Expenses$0$0$0$323,160
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$3,666,670
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
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 decisions such as mergers and change of bylaws must be approved by the entire membership, no such items have taken place in 2019”

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

“SUBJECT TO BOARD REVIEW”

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

“Annually at board meeting”

Form 990, Part VI, Section B, Line 15

“The board of directors sets the salary of 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 up on request. In addition, the ncua website posts financial information as part of the quarterly call report. Other documents and policies and procedures are available 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
2020-04-20

Organization Details

Principal Officer
Christie Gardner
Formed
1941
Legal Domicile
Ks
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
5
Raw XML Appendix369 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.

Path#Value
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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, 2019 THERE WERE 538 LOANS OUTSTANDING TOTALING 3,327,323
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt054000
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042775
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03666670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08291
IRS990ScheduleD/TotalLiabilityAmt03666670
IRS990/ScheduleJRequiredInd00
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 DECISIONS SUCH AS MERGERS AND CHANGE OF BYLAWS MUST BE APPROVED BY THE ENTIRE MEMBERSHIP, NO SUCH ITEMS HAVE TAKEN PLACE IN 2019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUBJECT TO BOARD REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY AT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS SETS THE SALARY OF THE MANAGER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE LOBBY, PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UP ON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORT. OTHER DOCUMENTS AND POLICIES AND PROCEDURES ARE AVAILABLE 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04339772
IRS990/TotalAssetsEOYAmt04333082
IRS990/TotalAssetsGrp/BOYAmt04339772
IRS990/TotalAssetsGrp/EOYAmt04333082
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0323160
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03740713
IRS990/TotalLiabilitiesEOYAmt03673224
IRS990/TotalLiabilitiesGrp/BOYAmt03740713
IRS990/TotalLiabilitiesGrp/EOYAmt03673224
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0599059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0659858
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0370152
IRS990/TotalReportableCompFromOrgAmt040479
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0383959
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0383959
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04339772
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04333082
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt03550
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Christie Gardner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum06206656792
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-20
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/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.87.108.106
ReturnHeader/ReturnTs02020-04-20T15:36:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,333,082
Liabilities
$3,673,224
Net assets
$659,858
Revenue
$383,959
Expenses
$323,160
Net income
$60,799
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