Civic Intelligence

The Wright Credit Union

990 • Fiscal year 2015 • EIN 58-6040949

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

PO Box 238Toccoa, GA 30577

(706) 886-2908

Siviq Scores

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

Liabilities / Assets

35th percentile

0.84x

Higher debt load relative to assets than 35% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

22.77x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

84th percentile

16%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

25th percentile

$54,050

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

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

Asset Growth

68th percentile

5.5%

Faster asset growth than 68% of similar nonprofits.

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

Revenue Growth

62nd percentile

2.6%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$12,426,734

Up $643,588 (+5.5%) from 2014

Net Assets

Up

$1,984,104

Up $76,590 (+4.0%) from 2014

Liabilities

Up

$10,442,630

Up $566,998 (+5.7%) from 2014

Revenue

Up

$458,653

Up $11,806 (+2.6%) from 2014

Expenses

Down

$383,833

Down $10,633 (-2.7%) from 2014

Net Income

Up

$74,820

Up $22,439 (+43%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $12,010,459Liabilities 2010: $10,247,100Net Assets 2010: $1,763,3592010Assets 2011: $12,409,518Liabilities 2011: $10,584,552Net Assets 2011: $1,824,9662011Assets 2012: $12,522,208Liabilities 2012: $10,697,139Net Assets 2012: $1,825,0692012Assets 2013: $11,923,010Liabilities 2013: $10,067,878Net Assets 2013: $1,855,1322013Assets 2014: $11,783,146Liabilities 2014: $9,875,632Net Assets 2014: $1,907,5142014Assets 2015: $12,426,734Liabilities 2015: $10,442,630Net Assets 2015: $1,984,1042015Assets 2016: $12,451,578Liabilities 2016: $10,398,151Net Assets 2016: $2,053,4272016Assets 2017: $12,779,937Liabilities 2017: $10,716,799Net Assets 2017: $2,063,1382017Assets 2018: $12,566,270Liabilities 2018: $10,430,330Net Assets 2018: $2,135,9402018Assets 2020: $14,250,838Liabilities 2020: $11,987,482Net Assets 2020: $2,263,3562020Assets 2021: $16,048,564Liabilities 2021: $13,625,883Net Assets 2021: $2,422,6812021Assets 2022: $16,307,584Liabilities 2022: $13,688,661Net Assets 2022: $2,618,9232022Assets 2023: $16,554,376Liabilities 2023: $13,780,640Net Assets 2023: $2,773,7362023Assets 2024: $16,434,229Liabilities 2024: $13,794,882Net Assets 2024: $2,639,3472024

Highlighted filing

2015

Assets$12,426,734
Liabilities$10,442,630
Net Assets$1,984,104

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $598,3092010Expenses 2011: $496,1712011Expenses 2012: $476,5242012Revenue 2013: $457,699Expenses 2013: $427,634Net Income 2013: $30,0652013Revenue 2014: $446,847Expenses 2014: $394,466Net Income 2014: $52,3812014Revenue 2015: $458,653Expenses 2015: $383,833Net Income 2015: $74,8202015Revenue 2016: $475,639Expenses 2016: $404,194Net Income 2016: $71,4452016Revenue 2017: $445,583Expenses 2017: $435,873Net Income 2017: $9,7102017Revenue 2018: $508,772Expenses 2018: $435,970Net Income 2018: $72,8022018Revenue 2020: $573,970Expenses 2020: $494,128Net Income 2020: $79,8422020Revenue 2021: $673,315Expenses 2021: $513,990Net Income 2021: $159,3252021Revenue 2022: $852,328Expenses 2022: $654,841Net Income 2022: $197,4872022Revenue 2023: $1,100,520Expenses 2023: $745,707Net Income 2023: $354,8132023Revenue 2024: $1,189,308Expenses 2024: $1,164,526Net Income 2024: $24,7822024

Highlighted filing

2015

Revenue$458,653
Expenses$383,833
Net Income$74,820
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$458,653
Mission and Program Overview

Mission

Credit union - to provide for approximately 1,804 members in the form of loans, savings, and other financial services.

State Chartered Member Served Credit union-Financial Institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,239,530$6,766,767▲ $527,237
Other Notes and Loans Receivable, Net$4,934,560$5,196,833▲ $262,273
Rtn Earn Endowment Incm Other Fnds$1,508,656$1,585,246▲ $76,590
Pd in Cap Srpls Land Bldg Eqp Fund$398,858$398,858→ $0
Land, Buildings, and Equipment, Net$168,212$157,523▼ $10,689
Cash and Non-Interest-Bearing Accounts$417,591$139,900▼ $277,691
Prepaid Expenses and Deferred Charges$23,253$49,798▲ $26,545
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,783,146$12,426,734▲ $643,588
Other Assets Total$0$115,913▲ $115,913
Liabilities
Other Liabilities$9,840,131$10,403,510▲ $563,379
Accounts Payable and Accrued Expenses$35,501$39,120▲ $3,619
Total Liabilities$9,875,632$10,442,630▲ $566,998
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,907,514$1,984,104▲ $76,590
Total Liabilities and Net Assets / Fund Balance$11,783,146$12,426,734▲ $643,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$125,579$137,164$0
Other Land Buildings$0$0$0
Land$25,000-$0
Equipment$6,944$77,680$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary Ann ShirleyPresidentFT$54,050$54,050

Board Members and Trustees

NameTitle
Gail JamesonChairman of the Board
Kay SmithDirector- Chair of the Supervisory Committee
Cecil SwaffordDirector/Chair of Credit Committee
LT OwenDirector
Betty TerrellDirector/Supervisory Committee
Robert LoudermilkDirector/Supervisory Committee
Mark RichardsonCredit Committee
Melissa ThomasonSecretary/Assistant Manager
Rick AddisonSupervisory Committee
Tyler TaylorSupervisory Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$350,510
Investment Income
$41,476
Other Revenue
$66,667
Change in Net Assets
$74,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,638
Salaries, Compensation, and Employee Benefits$181,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$127,145
Occupancy---$72,059
Current Officers, Directors, Trustees, and Key Employees---$54,050
Fees for Services Accounting---$24,579
Office Expenses---$21,204
All Other Expenses---$17,199
Travel---$8,140
Advertising---$6,069
Fees for Services Legal---$5,784
Other Expenses---$2,500
Interest---$17
Total Functional Expenses$0$0$0$383,833
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
Membership Shares$10,403,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

This is a member served state chartered credit union, financial institution which provides financial and investment services to those member is the credit union. Each person who receives service is a member of the credit union.

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

The Membership elects the Board.

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

Membership votes on Mergers.

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

The manager and President check these forms for accuracy.

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

The parties regularly disclose potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

The credit union has a personnel committee who are members of the credit union. This committee reviews articles, salary surveys, produced by the association connected with the credit union and those surveys produced nationally for compensation paid for like or similar positions(tied to the local economy, years of experience, education, and training) and positions held within the financial institutions are also reviewed.

Form 990, Part VI, Section C, Line 19

Documents supporting the financial well being of the state of Georgia member served credit union are posted in the lobby of the credit union on a monthly basis. No other documents are made available to the public, however, under the freedom of information act they are available to the members of the general public.

Filing and Contact Details

Filer

Filer Name
The Wright Credit Union
EIN
58-6040949
Phone
7068862908
Address
PO Box 238, Toccoa, GA 30577

Signing Officer

Name
Mary Ann Shirley
Title
CEO
Phone
7068862908
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ann Shirley
Formed
1963
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
0

Preparer

Firm
JBarrett Consulting LLC
Address
PO Box 704, Fairmount, GA 30139
Preparer
Jason Barrett
Phone
7707220725
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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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IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350510
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035644
IRS990/PYOtherExpensesAmt0200754
IRS990/PYOtherRevenueAmt069619
IRS990/PYProgramServiceRevenueAmt0341584
IRS990/PYRevenuesLessExpensesAmt052381
IRS990/PYSalariesCompEmpBnftPaidAmt0193712
IRS990/PYTotalExpensesAmt0394466
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0446847
IRS990/ReconcilationRevenueExpnssAmt074820
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01508656
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01585246
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06239530
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06766767
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0125579
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0137164
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0262743
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt06944
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077680
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt084624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt025000
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/Amt010403510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Membership Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0157523
IRS990ScheduleD/TotalLiabilityAmt010403510
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This is a member served state chartered credit union, financial institution which provides financial and investment services to those member is the credit union. Each person who receives service is a member of the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Membership elects the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Membership votes on Mergers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The manager and President check these forms for accuracy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The parties regularly disclose potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The credit union has a personnel committee who are members of the credit union. This committee reviews articles, salary surveys, produced by the association connected with the credit union and those surveys produced nationally for compensation paid for like or similar positions(tied to the local economy, years of experience, education, and training) and positions held within the financial institutions are also reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents supporting the financial well being of the state of Georgia member served credit union are posted in the lobby of the credit union on a monthly basis. No other documents are made available to the public, however, under the freedom of information act they are available to the members of the general public.
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 B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011783146
IRS990/TotalAssetsEOYAmt012426734
IRS990/TotalAssetsGrp/BOYAmt011783146
IRS990/TotalAssetsGrp/EOYAmt012426734
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0383833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09875632
IRS990/TotalLiabilitiesEOYAmt010442630
IRS990/TotalLiabilitiesGrp/BOYAmt09875632
IRS990/TotalLiabilitiesGrp/EOYAmt010442630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01907514
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01984104
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0350510
IRS990/TotalReportableCompFromOrgAmt054050
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0458653
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0458653
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011783146
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012426734
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08140
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 238
IRS990/USAddress/CityNm0Toccoa
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030577
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0thewrightcu.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Ann Shirley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07068862908
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Wright Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0WRIG
ReturnHeader/Filer/EIN0586040949
ReturnHeader/Filer/PhoneNum07068862908
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 238
ReturnHeader/Filer/USAddress/CityNm0Toccoa
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA

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.$16.4$13.8$2.64$1.19$1.16$0.02
2023Detailed filing. Detailed filing data is available for this year.$16.6$13.8$2.77$1.10$0.75$0.35
2022Detailed filing. Detailed filing data is available for this year.$16.3$13.7$2.62$0.85$0.65$0.20
2021Detailed filing. Detailed filing data is available for this year.$16.0$13.6$2.42$0.67$0.51$0.16
2020Detailed filing. Detailed filing data is available for this year.$14.3$12.0$2.26$0.57$0.49$0.08
2018Summary only. Only limited summary data is available for this year.$12.6$10.4$2.14$0.51$0.44$0.07
2017Summary only. Only limited summary data is available for this year.$12.8$10.7$2.06$0.45$0.44$0.01
2016Summary only. Only limited summary data is available for this year.$12.5$10.4$2.05$0.48$0.40$0.07
2015Detailed filing. Detailed filing data is available for this year.$12.4$10.4$1.98$0.46$0.38$0.07
2014Detailed filing. Detailed filing data is available for this year.$11.8$9.88$1.91$0.45$0.39$0.05
2013Detailed filing. Detailed filing data is available for this year.$11.9$10.1$1.86$0.46$0.43$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$10.7$1.83$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$10.6$1.82$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$10.2$1.76$0.60