Civic Intelligence

Life Credit Union

990 • Fiscal year 2017 • EIN 62-0607232

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization Profilewww.lifecu.org

View Organization Page

2010 CHURCH ST Room 204Nashville, TN 37203-2078

(615) 230-5433

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.88x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

12th percentile

12.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

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

Net Margin

40th percentile

6.9%

Higher net margin than 40% of similar nonprofits.

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

Top Officer Pay

85th percentile

$136,864

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

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

Asset Growth

66th percentile

3.7%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

43rd percentile

3.9%

Faster revenue growth than 43% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$33,830,548

Up $1,214,187 (+3.7%) from 2016

Net Assets

Up

$4,024,168

Up $172,314 (+4.5%) from 2016

Liabilities

Up

$29,806,380

Up $1,041,873 (+3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin40th percentile

Revenue

Up

$2,482,818

Up $94,103 (+3.9%) from 2016

Expenses

Up

$2,310,504

Up $70,960 (+3.2%) from 2016

Net Income

Up

$172,314

Up $23,143 (+16%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$60M$40M$20M$0Assets 2010: $22,823,148Liabilities 2010: $20,038,663Net Assets 2010: $2,784,4852010Assets 2011: $25,059,165Liabilities 2011: $22,236,135Net Assets 2011: $2,823,0302011Assets 2012: $28,478,081Liabilities 2012: $25,401,078Net Assets 2012: $3,077,0032012Assets 2013: $29,676,076Liabilities 2013: $26,333,531Net Assets 2013: $3,342,5452013Assets 2014: $30,258,122Liabilities 2014: $26,687,439Net Assets 2014: $3,570,6832014Assets 2015: $31,506,230Liabilities 2015: $27,803,547Net Assets 2015: $3,702,6832015Assets 2016: $32,616,361Liabilities 2016: $28,764,507Net Assets 2016: $3,851,8542016Assets 2017: $33,830,548Liabilities 2017: $29,806,380Net Assets 2017: $4,024,1682017Assets 2018: $34,081,458Liabilities 2018: $30,103,185Net Assets 2018: $3,978,2732018Assets 2019: $34,355,140Liabilities 2019: $30,270,259Net Assets 2019: $4,084,8812019Assets 2020: $41,044,841Liabilities 2020: $37,169,338Net Assets 2020: $3,875,5032020

Highlighted filing

2017

Assets$33,830,548
Liabilities$29,806,380
Net Assets$4,024,168
Open 2017 Filing

Operations Trend

Revenue Growth43rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,921,8732010Revenue 2011: $2,273,633Expenses 2011: $2,205,606Net Income 2011: $68,0272011Expenses 2012: $2,065,9382012Revenue 2013: $2,242,853Expenses 2013: $1,977,311Net Income 2013: $265,5422013Revenue 2014: $2,194,386Expenses 2014: $1,966,220Net Income 2014: $228,1662014Revenue 2015: $2,200,676Expenses 2015: $2,068,704Net Income 2015: $131,9722015Revenue 2016: $2,388,715Expenses 2016: $2,239,544Net Income 2016: $149,1712016Revenue 2017: $2,482,818Expenses 2017: $2,310,504Net Income 2017: $172,3142017Revenue 2018: $2,561,707Expenses 2018: $2,607,602Net Income 2018: -$45,8952018Revenue 2019: $2,552,637Expenses 2019: $2,446,029Net Income 2019: $106,6082019Revenue 2020: $2,184,095Expenses 2020: $2,393,473Net Income 2020: -$209,3782020

Highlighted filing

2017

Revenue$2,482,818
Expenses$2,310,504
Net Income$172,314
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.3
Gross Receipts
$2,482,818
Mission and Program Overview

Mission

Provide quality, personal service that meets or exceeds member needs. Our goal is to develop and promote competitively-priced financial serivces, and deliver those services in a professional, convenient, efficient and cost effective manner.

Provide financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,565,161$27,396,969▲ $2,831,808
Savings and Temporary Cash Investments$6,516,262$4,868,005▼ $1,648,257
Rtn Earn Endowment Incm Other Fnds$3,071,854$3,244,168▲ $172,314
Cap Stk Tr Prin Current Funds$780,000$780,000→ $0
Receivables From Officers Etc$503,977$566,599▲ $62,622
Cash and Non-Interest-Bearing Accounts$278,960$268,873▼ $10,087
Land, Buildings, and Equipment, Net$123,264$61,126▼ $62,138
Prepaid Expenses and Deferred Charges$62,624$61,023▼ $1,601
Total Assets$32,616,361$33,830,548▲ $1,214,187
Other Assets Total$566,113$607,953▲ $41,840
Liabilities
Other Liabilities$28,596,996$29,745,217▲ $1,148,221
Accounts Payable and Accrued Expenses$167,511$61,163▼ $106,348
Total Liabilities$28,764,507$29,806,380▲ $1,041,873
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,851,854$4,024,168▲ $172,314
Total Liabilities and Net Assets / Fund Balance$32,616,361$33,830,548▲ $1,214,187

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,126$566,990-
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pam TenpennyPresident/CEOFT$136,864$136,864
Benita HarpVice PresidentFT$100,291$100,291

Board Members and Trustees

NameTitle
Bubba McIntoshChair Person
Linda FowlerVice-chairperson
Dawn GibsonBoard Member
Frances CofflandBoard Member
Jennifer CauseyBoard Member
Justin LawsonBoard Member
Robert FittersBoard Member
Jim DrewSecretary
Alex WhitleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$743,434
Program Service Revenue
$1,633,818
Investment Income
$72,022
Other Revenue
$33,544
Change in Net Assets
$172,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,277,194
Salaries, Compensation, and Employee Benefits$1,033,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$587,703
Other Salaries and Wages---$582,743
Current Officers, Directors, Trustees, and Key Employees---$237,155
Fees for Services Accounting---$215,159
Occupancy---$128,593
Interest---$125,061
Other Employee Benefits---$112,145
Depreciation Depletion---$74,450
Payroll Taxes---$63,648
Other Expenses---$43,379
Pension Plan Contributions---$37,619
Travel---$28,500
Fees for Services Legal---$4,800
Conferences and Meetings---$3,000
Total Functional Expenses$0$0$0$2,310,504
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$503,977$566,599▲ $62,622
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$29,745,217
Shares Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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 6-7B

“Each individual who opens a share/savings account becomes a member of the credit union. The members vote on the board of directors.”

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

“The 990 is reviewed by the president/ceo before filing. Any board member can request a copy of the 990.”

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

“A code of conduct is signed annually.”

Form 990, Part VI, Section B, Line 15A-B

“A software package is utilized that gives comparability data for personnel based on comparable industries and markets. Each officer and/or employee receives an annual review.”

Form 990, Part VI, Section C, Line 19

“Copies will be provided upon request.”

Filing and Contact Details

Filer

Filer Name
Life Credit Union
EIN
62-0607232
Phone
6152305433
Address
2010 CHURCH ST Room 204, NASHVILLE, TN 37203-2078

Signing Officer

Name
Pamela Tenpenny
Title
Presidentceo
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pam Tenpenny
Formed
1958
Legal Domicile
Tn
Voting Board Members
4,039
Independent Board Members
4,039
Employees
17
Volunteers
14

Preparer

Firm
Betts & Rubio Pllc
Address
2699 FESSEY CT STE 200, NASHVILLE, TN 37204
Preparer
Richard W Betts
Phone
6152978502
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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/PYOtherRevenueAmt041528
IRS990/PYProgramServiceRevenueAmt01514644
IRS990/PYRevenuesLessExpensesAmt0149171
IRS990/PYSalariesCompEmpBnftPaidAmt01004875
IRS990/PYTotalExpensesAmt02239544
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0566599
IRS990/ReconcilationRevenueExpnssAmt0172314
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03071854
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03244168
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06516262
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04868005
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt061126
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0566990
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0628116
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029745217
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARES DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061126
IRS990ScheduleD/TotalLiabilityAmt029745217
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0247211
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1216524
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt290469
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt311876
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4519
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LOC, AUTO, MORTGAGE, FIXES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SIGNATURE, AUTO, OTHER SECURED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4LOC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0250388
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1197806
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2151579
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt324000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4519
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BENITA HARP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DEBORAH GIBSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2LESLIE WHITLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3JIM DREW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4PAMELA TENPENNY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1SUPERVISOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4PRESIDENT/CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt0566599
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH INDIVIDUAL WHO OPENS A SHARE/SAVINGS ACCOUNT BECOMES A MEMBER OF THE CREDIT UNION. THE MEMBERS VOTE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE PRESIDENT/CEO BEFORE FILING. ANY BOARD MEMBER CAN REQUEST A COPY OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CODE OF CONDUCT IS SIGNED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A SOFTWARE PACKAGE IS UTILIZED THAT GIVES COMPARABILITY DATA FOR PERSONNEL BASED ON COMPARABLE INDUSTRIES AND MARKETS. EACH OFFICER AND/OR EMPLOYEE RECEIVES AN ANNUAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6-7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15A-B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032616361
IRS990/TotalAssetsEOYAmt033830548
IRS990/TotalAssetsGrp/BOYAmt032616361
IRS990/TotalAssetsGrp/EOYAmt033830548
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0743434
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/TotalAmt02310504
IRS990/TotalGrossUBIAmt033544
IRS990/TotalLiabilitiesBOYAmt028764507
IRS990/TotalLiabilitiesEOYAmt029806380
IRS990/TotalLiabilitiesGrp/BOYAmt028764507
IRS990/TotalLiabilitiesGrp/EOYAmt029806380
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03851854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04024168
IRS990/TotalProgramServiceRevenueAmt01633818
IRS990/TotalReportableCompFromOrgAmt0237155
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01705840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02482818
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt033544
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032616361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033830548
IRS990/TravelGrp/TotalAmt028500
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02010 CHURCH STREET SUITE 204
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037203
IRS990/VotingMembersGoverningBodyCnt04039
IRS990/VotingMembersIndependentCnt04039
IRS990/WebsiteAddressTxt0www.lifecu.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAMELA TENPENNY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENTCEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0620607232

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,830,548
Liabilities
$29,806,380
Net assets
$4,024,168
Revenue
$2,482,818
Expenses
$2,310,504
Net income
$172,314
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.0$37.2$3.88$2.18$2.39$0.21
2019Summary only. Only limited summary data is available for this year.$34.4$30.3$4.08$2.55$2.45$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$30.1$3.98$2.56$2.61$0.05
2017Detailed filing. Detailed filing data is available for this year.$33.8$29.8$4.02$2.48$2.31$0.17
2016Summary only. Only limited summary data is available for this year.$32.6$28.8$3.85$2.39$2.24$0.15
2015Summary only. Only limited summary data is available for this year.$31.5$27.8$3.70$2.20$2.07$0.13
2014Detailed filing. Detailed filing data is available for this year.$30.3$26.7$3.57$2.19$1.97$0.23
2013Detailed filing. Detailed filing data is available for this year.$29.7$26.3$3.34$2.24$1.98$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.5$25.4$3.08$2.07
2011Summary only. Only limited summary data is available for this year.$25.1$22.2$2.82$2.27$2.21$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$20.0$2.78$1.92