Civic Intelligence

Smith & Nephew Employees Credit Union

990 • Fiscal year 2016 • EIN 62-0814491

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 03, 2017

Organization ProfileN/A
1450 East Brooks RoadMemphis, TN 38116

(901) 399-6418

Siviq Scores

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

Liabilities / Assets

34th percentile

0.82x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

18.40x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Net Margin

64th percentile

9.5%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$92,334

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Asset Growth

77th percentile

5.5%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

8.3%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$8,018,855

Up $421,531 (+5.5%) from 2015

Net Assets

Up

$1,411,510

Up $33,996 (+2.5%) from 2015

Liabilities

Up

$6,607,345

Up $387,535 (+6.2%) from 2015

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin64th percentile

Revenue

Up

$359,177

Up $27,528 (+8.3%) from 2015

Expenses

Down

$325,180

Down $21,737 (-6.3%) from 2015

Net Income

Up

$33,997

Up $49,265 (+323%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$10M$5.0M$0Assets 2010: $8,709,817Liabilities 2010: $7,359,730Net Assets 2010: $1,350,0872010Assets 2011: $8,781,020Liabilities 2011: $7,415,195Net Assets 2011: $1,365,8252011Assets 2012: $8,466,334Liabilities 2012: $7,078,667Net Assets 2012: $1,387,6672012Assets 2013: $8,523,225Liabilities 2013: $7,123,830Net Assets 2013: $1,399,3952013Assets 2014: $8,330,637Liabilities 2014: $6,937,856Net Assets 2014: $1,392,7812014Assets 2015: $7,597,324Liabilities 2015: $6,219,810Net Assets 2015: $1,377,5142015Assets 2016: $8,018,855Liabilities 2016: $6,607,345Net Assets 2016: $1,411,5102016Assets 2017: $8,110,814Liabilities 2017: $6,679,901Net Assets 2017: $1,430,9132017

Highlighted filing

2016

Assets$8,018,855
Liabilities$6,607,345
Net Assets$1,411,510
Open 2016 Filing

Operations Trend

Revenue Growth81st percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $417,7152010Expenses 2011: $394,2242011Expenses 2012: $366,6432012Revenue 2013: $345,641Expenses 2013: $333,913Net Income 2013: $11,7282013Revenue 2014: $342,325Expenses 2014: $348,938Net Income 2014: -$6,6132014Revenue 2015: $331,649Expenses 2015: $346,917Net Income 2015: -$15,2682015Revenue 2016: $359,177Expenses 2016: $325,180Net Income 2016: $33,9972016Revenue 2017: $356,167Expenses 2017: $336,764Net Income 2017: $19,4032017

Highlighted filing

2016

Revenue$359,177
Expenses$325,180
Net Income$33,997
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 3, 2017
Return Version
2016v3.0
Gross Receipts
$359,177
Mission and Program Overview

Mission

Credit union-to provide financial services for approximately 1,482 members in the form of loans, savings, and other financial services.

Credit union-to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,232,000$2,824,000▲ $592,000
Accounts Receivable$2,562,345$2,644,555▲ $82,210
Investments Other Securities$1,853,994$1,305,994▼ $548,000
Cash and Non-Interest-Bearing Accounts$861,775$1,147,783▲ $286,008
Rtn Earn Endowment Incm Other Fnds$1,075,793$1,109,790▲ $33,997
Cap Stk Tr Prin Current Funds$301,721$301,720▼ $1
Land, Buildings, and Equipment, Net$1,441$18,898▲ $17,457
Prepaid Expenses and Deferred Charges$5,517$4,511▼ $1,006
Total Assets$7,597,324$8,018,855▲ $421,531
Other Assets Total$80,252$73,114▼ $7,138
Liabilities
Other Liabilities$6,212,187$6,584,264▲ $372,077
Accounts Payable and Accrued Expenses$7,623$23,081▲ $15,458
Total Liabilities$6,219,810$6,607,345▲ $387,535
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,377,514$1,411,510▲ $33,996
Total Liabilities and Net Assets / Fund Balance$7,597,324$8,018,855▲ $421,531

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,898$56,470$75,368
Leasehold Improvements-$29,921$29,921
Other Securities$65,994--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mattie LittleManager/CEOFT$86,776$5,558$92,334

Board Members and Trustees

NameTitle
Robert E McculloughChairman
Sondra HollidayVice-chair
Robin CurryBoard Member
Jeannea RobidasSecretary
Carrie MillenderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$305,628
Investment Income
$51,563
Other Revenue
$1,986
Change in Net Assets
$33,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$168,082
Other Expenses$157,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$135,673-$135,673
Office Expenses-$99,748-$99,748
Other Employee Benefits-$32,409-$32,409
Other Expenses-$4,521-$4,521
All Other Expenses-$2,138-$2,138
Interest-$1,772-$1,772
Total Functional Expenses$0$325,180$0$325,180
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
Regular Shares$4,527,967
Share Drafts$1,581,793
All Other Shares$474,504
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

Form 990, Page 6, Part VI, Line 7B

“Some decisions made by the board of directors are affirmed by the members.”

Form 990, Page 6, Part VI, Line 11B

“The manager reviews teh form 990. The form 990 is available for review by the board of directors upon request.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors use a comparison of credit union compensation.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

Filer Name
Smith & Nephew Employees
EIN
62-0814491
Phone
9013996418
Address
1450 EAST BROOKS ROAD, MEMPHIS, TN 38116

Signing Officer

Name
Mattie Little
Title
Manager/CEO
Phone
9013996418
Signed
2017-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mattie Little
Formed
1968
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
8505581102
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit union does not have any unrelated business income.”

Form 990, Part XI, Line 9

“DUE TO ROUNDING -1”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML Appendix345 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANAGER REVIEWS TEH FORM 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS USE A COMPARISON OF CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DUE TO ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII
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IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01411510
IRS990/TotalOtherCompensationAmt05558
IRS990/TotalProgramServiceExpensesAmt0325180
IRS990/TotalProgramServiceRevenueAmt0305628
IRS990/TotalReportableCompFromOrgAmt086776
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0359177
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTIE LITTLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09013996418
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMITH & NEPHEW EMPLOYEES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SMIT
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591086132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEVERAGE THE LSCU SERVICE CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum08505581102
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HIRAM H HOLLIFIELD
ReturnHeader/ReturnTs02017-03-16T17:38:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,018,855
Liabilities
$6,607,345
Net assets
$1,411,510
Revenue
$359,177
Expenses
$325,180
Net income
$33,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$8.11$6.68$1.43$0.36$0.34$0.02
2016Detailed filing. Detailed filing data is available for this year.$8.02$6.61$1.41$0.36$0.33$0.03
2015Detailed filing. Detailed filing data is available for this year.$7.60$6.22$1.38$0.33$0.35$0.02
2014Detailed filing. Detailed filing data is available for this year.$8.33$6.94$1.39$0.34$0.35$0.01
2013Detailed filing. Detailed filing data is available for this year.$8.52$7.12$1.40$0.35$0.33$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.47$7.08$1.39$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.78$7.42$1.37$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.71$7.36$1.35$0.42