Civic Intelligence

Electric Service Credit Union

990 • Fiscal year 2012 • EIN 62-6040513

Jan 01, 2012 to Dec 31, 2012 • Filed on May 22, 2013

Organization ProfileWWW.ENBRIGHTCU.COM

View Organization Page

2340 Jackson Downs Blvd37214
Siviq Scores

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

Liabilities / Assets

20th percentile

0.86x

Higher debt load relative to assets than 20% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

85th percentile

9.5%

Faster asset growth than 85% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$58,277,045

Up $5,064,872 (+9.5%) from 2011

Net Assets

Up

$8,368,685

Up $48,301 (+0.6%) from 2011

Liabilities

Up

$49,908,360

Up $5,016,571 (+11%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,136,917

Up $327,164 (+12%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$100M$50M$0Assets 2010: $50,311,237Liabilities 2010: $42,285,375Net Assets 2010: $8,025,8622010Assets 2011: $53,212,173Liabilities 2011: $44,891,789Net Assets 2011: $8,320,3842011Assets 2012: $58,277,045Liabilities 2012: $49,908,360Net Assets 2012: $8,368,6852012Assets 2013: $59,307,808Liabilities 2013: $51,007,775Net Assets 2013: $8,300,0332013Assets 2014: $60,467,647Liabilities 2014: $52,007,504Net Assets 2014: $8,460,1432014Assets 2015: $63,693,938Liabilities 2015: $55,294,469Net Assets 2015: $8,399,4692015Assets 2016: $64,263,709Liabilities 2016: $56,407,580Net Assets 2016: $7,856,1292016Assets 2017: $66,009,913Liabilities 2017: $58,120,196Net Assets 2017: $7,889,7172017Assets 2018: $65,015,104Liabilities 2018: $57,091,169Net Assets 2018: $7,923,9352018Assets 2019: $68,585,676Liabilities 2019: $60,599,664Net Assets 2019: $7,986,0122019Assets 2020: $76,182,619Liabilities 2020: $68,150,709Net Assets 2020: $8,031,9102020Assets 2021: $84,432,657Liabilities 2021: $76,148,227Net Assets 2021: $8,284,4302021Assets 2022: $85,091,786Liabilities 2022: $76,411,257Net Assets 2022: $8,680,5292022Assets 2023: $80,588,974Liabilities 2023: $72,238,019Net Assets 2023: $8,350,9552023Assets 2024: $79,287,213Liabilities 2024: $70,847,319Net Assets 2024: $8,439,8942024

Highlighted filing

2012

Assets$58,277,045
Liabilities$49,908,360
Net Assets$8,368,685
Open 2012 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: $2,817,6362010Expenses 2011: $2,809,7532011Expenses 2012: $3,136,9172012Revenue 2013: $3,424,733Expenses 2013: $3,388,100Net Income 2013: $36,6332013Revenue 2014: $3,587,513Expenses 2014: $3,493,163Net Income 2014: $94,3502014Revenue 2015: $3,627,136Expenses 2015: $3,642,811Net Income 2015: -$15,6752015Revenue 2016: $3,849,116Expenses 2016: $4,446,665Net Income 2016: -$597,5492016Revenue 2017: $3,723,739Expenses 2017: $3,720,620Net Income 2017: $3,1192017Revenue 2018: $3,816,640Expenses 2018: $3,788,109Net Income 2018: $28,5312018Revenue 2019: $3,935,786Expenses 2019: $3,892,586Net Income 2019: $43,2002019Revenue 2020: $4,127,178Expenses 2020: $4,078,919Net Income 2020: $48,2592020Revenue 2021: $4,588,349Expenses 2021: $4,327,335Net Income 2021: $261,0142021Revenue 2022: $4,938,371Expenses 2022: $4,497,909Net Income 2022: $440,4622022Revenue 2023: $5,752,121Expenses 2023: $5,344,105Net Income 2023: $408,0162023Revenue 2024: $5,816,940Expenses 2024: $5,736,622Net Income 2024: $80,3182024

Highlighted filing

2012

Revenue-
Expenses$3,136,917
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 22, 2013
Return Version
2012v2.0
Gross Receipts
$15,075,579
Mission and Program Overview

Mission

Credit union - to provide services for approximately 8,239 members in the form of loans, savings, and other financial services.

Filing and Contact Details

Filer

EIN
62-6040513
Raw XML AppendixShowing 400 of 449 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Credit Union is exempt by statute from federal and state income taxes. Accordingly, no income tax was paid or recorded in the financial statements for the years ended December 31, 2012 and 2011.The Credit Union follows Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) guidance that clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The Credit Union has no tax penalties or interest reported in the accompanying financial statements. The Credit Union had no uncertain tax positions at December 31, 2012 or 2011. Tax years prior to December 31, 2009 are considered closed.
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IRS990ScheduleO/GeneralExplanation/Explanation0DOCUMENTS ARE PROVIDED UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation1SAME AS ABOVE.
IRS990ScheduleO/GeneralExplanation/Explanation2ALL EMPLOYEES RECEIVE AT LEAST ONE ANNUAL REVIEW. ALL SALARY INCREASES ARE REVIEWED BY THE CEO EXCEPT FOR THE CEO'S INCREASE WHICH IS REVIEWED BY THE BOARD OF DIRECTORS. ELECTRIC SERVICE CREDIT UNION BASES THE SALARY INCREASES ON COMPARISONS PROVIDED BY COMP EASE.
IRS990ScheduleO/GeneralExplanation/Explanation3ANY CONFLICTS OF INTEREST THAT ARISE ARE HANDLED ON A CASE BY CASE BASIS AND ARE DISCUSSED AT MONTHLY BOARD MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation4A DRAFT OF FORM 990 IS PROVIDED TO THE CONTROLLER. THE CONTROLLER REVIEWS THE RETURN AND FORWARDS THE FORM 990 TO THE PRESIDENT/CEO. THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND FORWARDED TO THE BOARD OF DIRECTORS FOR A FINAL REVIEW VIA E-MAIL. ANY QUESTIONS OR COMMENTS OF THE BOARD MEMBERS ARE SUBMITTED TO THE PRESIDENT. CONFIRMATION OF THE REVIEW BY THE BOARD OF DIRECTORS WILL BE DOCUMENTED IN THE MINUTES OF THE NEXT BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 15a
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 11b: Form 990 Review Process
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IRS990/StatesWhereCopyOfReturnIsFiled0TN
IRS990/SubjectToProxyTax0false
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IRS990/TheBooksAreInCareOf/AddressUS/City0NASHVILLE
IRS990/TheBooksAreInCareOf/AddressUS/State0TN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode037214
IRS990/TheBooksAreInCareOf/NamePerson0BETHANY MURPHY
IRS990/TheBooksAreInCareOf/TelephoneNumber06156874801
IRS990/TotalAssets/BOY053212173
IRS990/TotalAssetsBOY053212173
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IRS990/TotalExpensesPriorYear02809753
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IRS990/TotalFunctionalExpenses/Total03136917
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IRS990/TotalLiabilitiesBOY044891789
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IRS990/TotalLiabilitiesEOY049908360
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IRS990/TotalNbrVolunteers09

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$58,277,045
Liabilities
$49,908,360
Net assets
$8,368,685
Revenue
-
Expenses
$3,136,917
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.3$70.8$8.44$5.82$5.74$0.08
2023Detailed filing. Detailed filing data is available for this year.$80.6$72.2$8.35$5.75$5.34$0.41
2022Detailed filing. Detailed filing data is available for this year.$85.1$76.4$8.68$4.94$4.50$0.44
2021Detailed filing. Detailed filing data is available for this year.$84.4$76.1$8.28$4.59$4.33$0.26
2020Detailed filing. Detailed filing data is available for this year.$76.2$68.2$8.03$4.13$4.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$68.6$60.6$7.99$3.94$3.89$0.04
2018Summary only. Only limited summary data is available for this year.$65.0$57.1$7.92$3.82$3.79$0.03
2017Detailed filing. Detailed filing data is available for this year.$66.0$58.1$7.89$3.72$3.72$0.00
2016Detailed filing. Detailed filing data is available for this year.$64.3$56.4$7.86$3.85$4.45$0.60
2015Detailed filing. Detailed filing data is available for this year.$63.7$55.3$8.40$3.63$3.64$0.02
2014Detailed filing. Detailed filing data is available for this year.$60.5$52.0$8.46$3.59$3.49$0.09
2013Detailed filing. Detailed filing data is available for this year.$59.3$51.0$8.30$3.42$3.39$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.3$49.9$8.37$3.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.2$44.9$8.32$2.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$42.3$8.03$2.82