Civic Intelligence

Jax Metro Credit Union

EIN 59-0306826 • 501(c)14 • Jacksonville, FL

Profile

The Credit Union's only purpose is to provide low cost financial services to our Members for their loan and savings needs - 4,531 members

9580 Hutchinson Park DrJacksonville, FL 32225

www.jaxmetro.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.89x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

44.78x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

19th percentile

-3.0%

Higher net margin than 19% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

-1.0%

Faster asset growth than 44% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-60%

Faster revenue growth than 1% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$42,583,755

Down $414,700 (-1.0%) from 2016

Liabilities

Down

$37,889,779

Down $486,367 (-1.3%) from 2016

Net Assets

Up

$4,693,976

Up $71,667 (+1.6%) from 2016

Revenue

Down

$846,131

Down $1,244,232 (-60%) from 2016

Expenses

Down

$871,749

Down $979,195 (-53%) from 2016

Net Income

Down

-$25,618

Down $265,037 (-111%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $36,475,170Liabilities 2010: $32,382,347Net Assets 2010: $4,092,8232010Assets 2011: $36,625,363Liabilities 2011: $32,214,239Net Assets 2011: $4,411,1242011Assets 2012: $37,745,346Liabilities 2012: $33,274,729Net Assets 2012: $4,470,6172012Assets 2013: $38,166,025Liabilities 2013: $34,046,331Net Assets 2013: $4,119,6942013Assets 2014: $38,837,418Liabilities 2014: $34,465,223Net Assets 2014: $4,372,1952014Assets 2015: $39,961,165Liabilities 2015: $35,467,306Net Assets 2015: $4,493,8592015Assets 2016: $42,998,455Liabilities 2016: $38,376,146Net Assets 2016: $4,622,3092016Assets 2017: $42,583,755Liabilities 2017: $37,889,779Net Assets 2017: $4,693,9762017

Highlighted filing

2017

Assets$42,583,755
Liabilities$37,889,779
Net Assets$4,693,976

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,248,3722010Expenses 2011: $1,790,9152011Expenses 2012: $1,698,1292012Revenue 2013: $1,836,738Expenses 2013: $1,766,257Net Income 2013: $70,4812013Revenue 2014: $1,951,959Expenses 2014: $1,919,374Net Income 2014: $32,5852014Revenue 2015: $2,032,616Expenses 2015: $1,854,436Net Income 2015: $178,1802015Revenue 2016: $2,090,363Expenses 2016: $1,850,944Net Income 2016: $239,4192016Revenue 2017: $846,131Expenses 2017: $871,749Net Income 2017: -$25,6182017

Highlighted filing

2017

Revenue$846,131
Expenses$871,749
Net Income-$25,618

Filings

Latest Detailed Filing

The latest 2017 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$2,090,363
Mission and Program Overview

Mission

The Credit Union's only purpose is to provide low cost financial services to our Members for their loan and savings needs - 4,513 members

The Credit Union's only purpose is to provide low cost financial services to our Members for their loan and savings needs - 4,498 members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$23,126,860$22,883,939▼ $242,921
Investments in Publicly Traded Securities$11,109,271$14,099,867▲ $2,990,596
Rtn Earn Endowment Incm Other Fnds$4,493,859$4,622,309▲ $128,450
Land, Buildings, and Equipment, Net$1,876,228$2,319,680▲ $443,452
Savings and Temporary Cash Investments$1,628,206$1,941,338▲ $313,132
Cash and Non-Interest-Bearing Accounts$1,072,578$978,227▼ $94,351
Investments Other Securities$451,501$461,459▲ $9,958
Prepaid Expenses and Deferred Charges$143,785$112,108▼ $31,677
Accounts Receivable$453,141$88,089▼ $365,052
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$39,961,165$42,998,455▲ $3,037,290
Other Assets Total$99,595$113,748▲ $14,153
Liabilities
Other Liabilities$34,703,583$37,519,275▲ $2,815,692
Accounts Payable and Accrued Expenses$763,723$856,871▲ $93,148
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$35,467,306$38,376,146▲ $2,908,840
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,493,859$4,622,309▲ $128,450
Total Liabilities and Net Assets / Fund Balance$39,961,165$42,998,455▲ $3,037,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$542,031$383,931$0
Other Land Buildings$520,979$0$0
Land$1,179,487-$0
Equipment$76,543$675,368$0
Leasehold Improvements$640$76,762$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sheree L EddiePresident/CEOFT$100,133$100,133

Board Members and Trustees

NameTitle
Thomas M KingChairman
David M NechvatalVice Chairman
David M ReedBoard Member
Eugene A MontgomeryBoard Member
Mary Anne AndersBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,855,446
Investment Income
$234,917
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$239,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,014,688
Salaries, Compensation, and Employee Benefits$710,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$493,680$0$0$493,680
Fees for Services Other$230,090$0$0$230,090
Office Expenses$165,243$0$0$165,243
Information Technology$150,366$0$0$150,366
Fees for Services Legal$135,959$0$0$135,959
Benefits to Members$125,534--$125,534
Current Officers, Directors, Trustees, and Key Employees$100,133$0$0$100,133
Occupancy$94,610$0$0$94,610
Depreciation Depletion$93,537$0$0$93,537
Insurance$48,644$0$0$48,644
Other Employee Benefits$48,058$0$0$48,058
Payroll Taxes$46,067$0$0$46,067
Fees for Services Accounting$35,008$0$0$35,008
Advertising$26,449$0$0$26,449
Pension Plan Contributions$22,784$0$0$22,784
Other Expenses$16,536$0$0$16,536
Conferences and Meetings$4,145$0$0$4,145
Travel$3,218$0$0$3,218
Fees for Service Investment Mgmnt Fees$2,694$0$0$2,694
Interest$8$0$0$8
Total Functional Expenses$1,850,944$0$0$1,850,944
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$17,705,571
Member Money Market Accounts$9,175,764
Member Share Certificate Accounts$4,789,553
Member Checking Accounts$3,384,765
Member IRA Share Accounts$1,040,896
Member Club Accounts$798,159
Member IRA Certificate Accounts$624,567
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The Credit Union has 4,498 members as of Dec. 31, 2016.

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

The Members of the Credit Union elects the Board of Directors that consists of volunteers that monitors and approves the operations of the Credit Union.

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

A State licensed audit firm reviews the Form 990 along with their annual audit of the Credit Union's records.

Form 990, Part VI, Section C, Line 19

Written request addressed to the Credit Union's President/CEO or to the Board of Directors of the Credit Union.

Filing and Contact Details

Filer

Filer Name
Jax Metro Credit Union
EIN
59-0306826
Phone
9043605100
Address
9580 Hutchinson Park Dr, Jacksonville, FL 32225

Signing Officer

Name
Pat Hoke
Title
Chief Financial Officer
Phone
9043605114
Signed
2017-11-09

Organization Details

Formed
1935
Legal Domicile
Fl
Voting Board Members
4,498
Independent Board Members
4,498
Employees
17
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Expenses in providing Credit Union Members with their requested financial services.

Raw XML AppendixShowing 400 of 664 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/AccountsReceivableGrp/EOYAmt088089
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Credit Union's only purpose is to provide low cost financial services to our Members for their loan and savings needs - 4,498 members
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt04493859
IRS990/NetAssetsOrFundBalancesEOYAmt04622309
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03637
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03637
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt01107
IRS990/NetUnrlzdGainsLossesInvstAmt0-110969
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt094610
IRS990/OccupancyGrp/TotalAmt094610
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0165243
IRS990/OfficeExpensesGrp/TotalAmt0165243
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt099595
IRS990/OtherAssetsTotalGrp/EOYAmt0113748
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048058
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048058
IRS990/OtherExpensesGrp/Desc0Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc1Dues & Other Operating Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt08181
IRS990/OtherExpensesGrp/ProgramServicesAmt116536
IRS990/OtherExpensesGrp/TotalAmt08181
IRS990/OtherExpensesGrp/TotalAmt116536
IRS990/OtherLiabilitiesGrp/BOYAmt034703583
IRS990/OtherLiabilitiesGrp/EOYAmt037519275
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0493680
IRS990/OtherSalariesAndWagesGrp/TotalAmt0493680
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023126860
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt022883939
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt046067
IRS990/PayrollTaxesGrp/TotalAmt046067
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022784
IRS990/PensionPlanContributionsGrp/TotalAmt022784
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143785
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0112108
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Jax Metro Credit Union
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee for Services
IRS990/ProgramServiceRevenueGrp/Desc2Fee for Insurance Services
IRS990/ProgramServiceRevenueGrp/Desc3Investment Services & Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01391117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1430913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222643
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31305
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01391117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1440381
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222643
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31305
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt19468
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Expenses related to providing insurance coverage on funds that our Members have on deposit in the Credit Union and expenses in providing other insurance services that our Member's request
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048644
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Expenses in providing our Members with their requested financial services
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01668585
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Provision for losses related to loans that the Credit Union granted to Members and they did not repay the loan.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt08181
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0117683
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0229514

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