Civic Intelligence

Workmen'S Circle Credit Union

990 • Fiscal year 2013 • EIN 58-6038163

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 11, 2014

Organization ProfileWWW.WORKMENSCIRCLECU.COM

View Organization Page

527 Stephenson Avenue31405

(912) 356-9225

Siviq Scores

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

Liabilities / Assets

15th percentile

0.84x

Higher debt load relative to assets than 15% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

73rd percentile

21.25x

Higher debt load relative to revenue than 73% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

100th percentile

121%

Higher net margin than 100% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

27th percentile

$109,446

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

92nd percentile

8.9%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$58,022,618

Up $4,756,207 (+8.9%) from 2012

Net Assets

Up

$9,191,882

Up $2,790,989 (+44%) from 2012

Liabilities

Up

$48,830,736

Up $1,965,218 (+4.2%) from 2012

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin100th percentile

Revenue

$2,297,553

No earlier filing loaded for comparison.

Expenses

Down

-$493,436

Down $1,960,588 (-134%) from 2012

Net Income

$2,790,989

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$150M$100M$50M$0Assets 2010: $45,255,032Liabilities 2010: $40,339,604Net Assets 2010: $4,915,4282010Assets 2011: $48,777,652Liabilities 2011: $43,266,561Net Assets 2011: $5,511,0912011Assets 2012: $53,266,411Liabilities 2012: $46,865,518Net Assets 2012: $6,400,8932012Assets 2013: $58,022,618Liabilities 2013: $48,830,736Net Assets 2013: $9,191,8822013Assets 2014: $58,395,650Liabilities 2014: $47,712,371Net Assets 2014: $10,683,2792014Assets 2015: $61,820,821Liabilities 2015: $49,803,380Net Assets 2015: $12,017,4412015Assets 2016: $69,500,488Liabilities 2016: $56,122,945Net Assets 2016: $13,377,5432016Assets 2017: $68,805,974Liabilities 2017: $54,010,505Net Assets 2017: $14,795,4692017Assets 2018: $70,996,116Liabilities 2018: $54,660,287Net Assets 2018: $16,335,8292018Assets 2019: $74,605,619Liabilities 2019: $56,814,775Net Assets 2019: $17,790,8442019Assets 2020: $93,807,894Liabilities 2020: $74,823,874Net Assets 2020: $18,984,0202020Assets 2021: $104,394,807Liabilities 2021: $83,944,971Net Assets 2021: $20,449,8362021Assets 2022: $110,795,129Liabilities 2022: $88,934,158Net Assets 2022: $21,860,9712022Assets 2023: $119,718,974Liabilities 2023: $96,994,821Net Assets 2023: $22,724,1532023

Highlighted filing

2013

Assets$58,022,618
Liabilities$48,830,736
Net Assets$9,191,882
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,527,5002010Expenses 2011: $1,621,6152011Expenses 2012: $1,467,1522012Revenue 2013: $2,297,553Expenses 2013: -$493,436Net Income 2013: $2,790,9892013Revenue 2014: $2,255,614Expenses 2014: $764,217Net Income 2014: $1,491,3972014Revenue 2015: $2,273,562Expenses 2015: $939,400Net Income 2015: $1,334,1622015Revenue 2016: $2,425,849Expenses 2016: $1,065,747Net Income 2016: $1,360,1022016Revenue 2017: $2,678,076Expenses 2017: $1,260,150Net Income 2017: $1,417,9262017Revenue 2018: $2,972,765Expenses 2018: $1,432,405Net Income 2018: $1,540,3602018Revenue 2019: $3,117,586Expenses 2019: $1,662,571Net Income 2019: $1,455,0152019Revenue 2020: $3,086,195Expenses 2020: $1,893,019Net Income 2020: $1,193,1762020Revenue 2021: $2,967,140Expenses 2021: $1,501,324Net Income 2021: $1,465,8162021Revenue 2022: $3,391,934Expenses 2022: $1,980,800Net Income 2022: $1,411,1342022Revenue 2023: $5,224,623Expenses 2023: $4,596,182Net Income 2023: $628,4412023

Highlighted filing

2013

Revenue$2,297,553
Expenses-$493,436
Net Income$2,790,989
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 11, 2014
Return Version
2013v3.1
Gross Receipts
$2,297,553
Mission and Program Overview

Mission

A credit union serving 1260 members who live or work in chatham county but do not have another occupational credit union that they may join.

A credit union serving 1249 members who live or work in chatham county but do not have another occupational credit union that they may join.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$37,210,056$40,511,765▲ $3,301,709
Savings and Temporary Cash Investments$14,808,863$16,186,204▲ $1,377,341
Rtn Earn Endowment Incm Other Fnds$5,846,044$8,637,033▲ $2,790,989
Pd in Cap Srpls Land Bldg Eqp Fund$554,849$554,849→ $0
Receivables From Officers Etc$510,169$546,070▲ $35,901
Land, Buildings, and Equipment, Net$234,966$241,295▲ $6,329
Investments Program Related$103,246$115,837▲ $12,591
Total Assets$53,266,411$58,022,618▲ $4,756,207
Other Assets Total$399,111$421,447▲ $22,336
Liabilities
Other Liabilities$46,590,538$48,821,622▲ $2,231,084
Accounts Payable and Accrued Expenses$274,980$9,114▼ $265,866
Total Liabilities$46,865,518$48,830,736▲ $1,965,218
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,400,893$9,191,882▲ $2,790,989
Total Liabilities and Net Assets / Fund Balance$53,266,411$58,022,618▲ $4,756,207

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$115,837--
Buildings$156,586$44,804-
Land$59,250--
Equipment$25,459$97,941-
Other Assets Org$421,447--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris a MiltiadesPresidentFT$109,446$109,446
Donna a SmithAsst. SecretaryFT$61,605$61,605

Board Members and Trustees

NameTitle
Leon Aronson DdsChairman of the Board
Frank Hoffman MdLoan Committee Chairman
Paul Kulbersh DmdMarketing Committee Chairman
Lloyd Goodman MdSupervisory Committee Chairman
Chris a MiltiadesDirector
Stephen GreenbergExecutive Committee Member
Harold B YellinLoan Committee Member
Gale HirshMarketing Committee Member
Fred E Rabhan DpmSecretary
Judge Michael KarpfSupervisory Committee Member
Robert M BonoSupervisory Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,224,982
Investment Income
$53,463
Other Revenue
$19,108
Change in Net Assets
$2,790,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$305,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Other Expenses$-798,819

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$171,051--$171,051
Other Salaries and Wages$89,821--$89,821
Insurance$51,728--$51,728
Office Expenses$25,947--$25,947
Fees for Services Accounting$24,769--$24,769
Payroll Taxes$20,723--$20,723
Depreciation Depletion$16,785--$16,785
Other Employee Benefits$15,883--$15,883
Information Technology$15,000--$15,000
All Other Expenses$14,240--$14,240
Occupancy$11,185--$11,185
Advertising$8,362--$8,362
Pension Plan Contributions$7,905--$7,905
Conferences and Meetings$7,502--$7,502
Travel$6,208--$6,208
Fees for Services Other$800--$800
Other Expenses$-1,330,151--$-1,330,151
Total Functional Expenses$-493,436$0$0$-493,436
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$510,169$546,070▲ $35,901
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares & Deposits$48,821,622
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI

“Yes response to lines 2 through 7b. Workmen's circle credit union is owned by it's 1249 members. Each member has a 5 par share and an equal vote to elect the board of directors”

Part VI

“Description of process for determining compensation. The top official is the credit union president. His salary is determined after an annual performance review by the board of directors. The other officer and key employees compensation is determined after an annual performance review by the president.”

Part VI

“Description of public disclosure. Workmen's circle credit union's charter bylaws and policies are made available upon request. The monthly financial statement is posted on a bulletin board in the lobby of the credit union. A year-end financial statement is published and presented at the annual membership meeting.”

Filing and Contact Details

Filer

EIN
58-6038163

Signing Officer

Name
Chris Miltiades
Title
President
Phone
9123569225
Signed
2014-04-11

Organization Details

Principal Officer
Chris Miltiades
Formed
1950
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
0
Employees
5
Volunteers
10
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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/EquipmentGrp/DepreciationAmt097941
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0123400
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0115837
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0421447
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUA INSURANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048821622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0241295
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0421447
IRS990ScheduleD/TotalBookValueProgramRltdAmt0115837
IRS990ScheduleD/TotalLiabilityAmt048821622
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt18994
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2135717
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt324750
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4148808
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt57562
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SHARE SECURED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1USED VEHICLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2HELOC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt31ST MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4SHARE SECURED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5HELOC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6HELOC
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd5X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt116000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2240000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3150000
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt550000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt6250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0FRED E RABHAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1FRED E RABHAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2FRED E RABHAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3STEPHEN GREENBERG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4STEPHEN GREENBERG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5STEPHEN GREENBERG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6CHRIS A MILTIADES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6PRESIDENT
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES RESPONSE TO LINES 2 THROUGH 7B. WORKMEN'S CIRCLE CREDIT UNION IS OWNED BY IT'S 1249 MEMBERS. EACH MEMBER HAS A 5 PAR SHARE AND AN EQUAL VOTE TO ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION OF PROCESS FOR DETERMINING COMPENSATION. THE TOP OFFICIAL IS THE CREDIT UNION PRESIDENT. HIS SALARY IS DETERMINED AFTER AN ANNUAL PERFORMANCE REVIEW BY THE BOARD OF DIRECTORS. THE OTHER OFFICER AND KEY EMPLOYEES COMPENSATION IS DETERMINED AFTER AN ANNUAL PERFORMANCE REVIEW BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION OF PUBLIC DISCLOSURE. WORKMEN'S CIRCLE CREDIT UNION'S CHARTER BYLAWS AND POLICIES ARE MADE AVAILABLE UPON REQUEST. THE MONTHLY FINANCIAL STATEMENT IS POSTED ON A BULLETIN BOARD IN THE LOBBY OF THE CREDIT UNION. A YEAR-END FINANCIAL STATEMENT IS PUBLISHED AND PRESENTED AT THE ANNUAL MEMBERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI
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IRS990/TotalRevenueGrp/ExclusionAmt00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,022,618
Liabilities
$48,830,736
Net assets
$9,191,882
Revenue
$2,297,553
Expenses
-$493,436
Net income
$2,790,989
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$120$97.0$22.7$5.22$4.60$0.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$88.9$21.9$3.39$1.98$1.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$104$83.9$20.4$2.97$1.50$1.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.8$74.8$19.0$3.09$1.89$1.19
2019Summary only. Only limited summary data is available for this year.$74.6$56.8$17.8$3.12$1.66$1.46
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.0$54.7$16.3$2.97$1.43$1.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.8$54.0$14.8$2.68$1.26$1.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.5$56.1$13.4$2.43$1.07$1.36
2015Detailed filing. Detailed filing data is available for this year.$61.8$49.8$12.0$2.27$0.94$1.33
2014Detailed filing. Detailed filing data is available for this year.$58.4$47.7$10.7$2.26$0.76$1.49
2013Detailed filing. Detailed filing data is available for this year.$58.0$48.8$9.19$2.30$0.49$2.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$46.9$6.40$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$43.3$5.51$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$40.3$4.92$1.53
Peer Organizations

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