Civic Intelligence

Mountain States Credit Union

EIN 62-6041473 • 501(c)14 • Johnson City, TN

View Organization Page

Profile

Credit union - to provide services to approximately 2,345 members in the form of loans, savings, and other financial services.

1102 West Market Street Ste Suite 2Johnson City, TN 37604

www.mountainstatescu.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.92x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

12.65x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Net Margin

29th percentile

2.7%

Higher net margin than 29% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

84th percentile

4.9%

Faster asset growth than 84% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-3.5%

Faster revenue growth than 18% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$31,596,376

Up $1,465,842 (+4.9%) from 2022

Liabilities

Up

$28,932,431

Up $1,509,150 (+5.5%) from 2022

Net Assets

Down

$2,663,945

Down $43,308 (-1.6%) from 2022

Operations
Liabilities / Revenue19th percentileNet Margin29th percentile

Revenue

Down

$2,287,424

Down $82,980 (-3.5%) from 2022

Expenses

Up

$2,225,767

Up $174,008 (+8.5%) from 2022

Net Income

Down

$61,657

Down $256,988 (-81%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

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

$40M$30M$20M$10M$0Assets 2010: $13,410,960Liabilities 2010: $11,488,194Net Assets 2010: $1,922,7662010Assets 2011: $14,516,067Liabilities 2011: $12,728,934Net Assets 2011: $1,787,1332011Assets 2012: $15,037,660Liabilities 2012: $13,373,881Net Assets 2012: $1,663,7792012Assets 2013: $15,095,353Liabilities 2013: $13,599,358Net Assets 2013: $1,495,9952013Assets 2014: $16,008,560Liabilities 2014: $14,503,070Net Assets 2014: $1,505,4902014Assets 2015: $16,216,234Liabilities 2015: $14,834,765Net Assets 2015: $1,381,4692015Assets 2016: $17,809,988Liabilities 2016: $16,378,022Net Assets 2016: $1,431,9662016Assets 2017: $19,410,679Liabilities 2017: $17,898,449Net Assets 2017: $1,512,2302017Assets 2018: $21,621,201Liabilities 2018: $19,904,393Net Assets 2018: $1,716,8082018Assets 2019: $24,205,960Liabilities 2019: $22,245,430Net Assets 2019: $1,960,5302019Assets 2020: $26,653,070Liabilities 2020: $24,591,412Net Assets 2020: $2,061,6582020Assets 2021: $26,846,097Liabilities 2021: $26,846,097Net Assets 2021: $02021Assets 2022: $30,130,534Liabilities 2022: $27,423,281Net Assets 2022: $2,707,2532022Assets 2023: $31,596,376Liabilities 2023: $28,932,431Net Assets 2023: $2,663,9452023

Highlighted filing

2023

Assets$31,596,376
Liabilities$28,932,431
Net Assets$2,663,945
Open 2023 Filing

Operations Trend

Revenue Growth18th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $896,6132010Revenue 2011: $843,630Expenses 2011: $963,808Net Income 2011: -$120,1782011Expenses 2012: $1,013,5342012Revenue 2013: $861,507Expenses 2013: $991,546Net Income 2013: -$130,0392013Revenue 2014: $778,919Expenses 2014: $751,428Net Income 2014: $27,4912014Revenue 2015: $734,105Expenses 2015: $858,128Net Income 2015: -$124,0232015Revenue 2016: $955,772Expenses 2016: $905,274Net Income 2016: $50,4982016Revenue 2017: $1,211,917Expenses 2017: $1,131,653Net Income 2017: $80,2642017Revenue 2018: $1,445,601Expenses 2018: $1,241,023Net Income 2018: $204,5782018Revenue 2019: $1,630,392Expenses 2019: $1,386,671Net Income 2019: $243,7212019Revenue 2020: $1,755,557Expenses 2020: $1,654,626Net Income 2020: $100,9312020Revenue 2021: $1,838,788Expenses 2021: $1,511,838Net Income 2021: $326,9502021Revenue 2022: $2,370,404Expenses 2022: $2,051,759Net Income 2022: $318,6452022Revenue 2023: $2,287,424Expenses 2023: $2,225,767Net Income 2023: $61,6572023

Highlighted filing

2023

Revenue$2,287,424
Expenses$2,225,767
Net Income$61,657
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$31,596,376
Liabilities
$28,932,431
Net assets
$2,663,945
Revenue
$2,287,424
Expenses
$2,225,767
Net income
$61,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$31.6$28.9$2.66$2.29$2.23$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.1$27.4$2.71$2.37$2.05$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.8$26.8$0.00$1.84$1.51$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$24.6$2.06$1.76$1.65$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$22.2$1.96$1.63$1.39$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$19.9$1.72$1.45$1.24$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$17.9$1.51$1.21$1.13$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$16.4$1.43$0.96$0.91$0.05
2015Detailed filing. Detailed filing data is available for this year.$16.2$14.8$1.38$0.73$0.86$0.12
2014Summary only. Only limited summary data is available for this year.$16.0$14.5$1.51$0.78$0.75$0.03
2013Detailed filing. Detailed filing data is available for this year.$15.1$13.6$1.50$0.86$0.99$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$13.4$1.66$1.01
2011Summary only. Only limited summary data is available for this year.$14.5$12.7$1.79$0.84$0.96$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$11.5$1.92$0.90
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 5, 2021
Return Version
2020v4.0
Gross Receipts
$1,755,557
Mission and Program Overview

Mission

Credit Union - Providing a variety of financial services to approximately 2,322 members including loans and savings.

Credit Union Provide a variety of financial services to its members Including savings and loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$21,626,099$19,831,222▼ $1,794,877
Savings and Temporary Cash Investments$582,412$6,089,412▲ $5,507,000
Rtn Earn Endowment Incm Other Fnds$1,086,904$1,062,675▼ $24,229
Cap Stk Tr Prin Current Funds$873,626$998,983▲ $125,357
Investments Other Securities$921,472--
Land, Buildings, and Equipment, Net$459,759$281,049▼ $178,710
Cash and Non-Interest-Bearing Accounts$300,108$139,006▼ $161,102
Prepaid Expenses and Deferred Charges$17,734$11,016▼ $6,718
Total Assets$24,205,960$26,653,070▲ $2,447,110
Other Assets Total$298,376$301,365▲ $2,989
Liabilities
Other Liabilities$22,227,195$24,572,020▲ $2,344,825
Accounts Payable and Accrued Expenses$18,235$19,392▲ $1,157
Total Liabilities$22,245,430$24,591,412▲ $2,345,982
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,960,530$2,061,658▲ $101,128
Total Liabilities and Net Assets / Fund Balance$24,205,960$26,653,070▲ $2,447,110

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$281,049$758,205$1,039,254
Other Assets Org$301,365--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Debbie DoverBoard Chairperson
Shana TateVice Chairperson
Ben ScharfsteinDirector
Chris BrackettDirector
Rebecca BeckDirector
Sharon SheppardDirector
Tom TullDirector
John HunterCEO
John-michael NelmsCFO
Doug JanzSecretary
Shane HiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,692,417
Investment Income
$12,523
Other Revenue
$50,617
Change in Net Assets
$100,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,107,562
Salaries, Compensation, and Employee Benefits$547,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$478,476-$478,476
Information Technology-$248,620-$248,620
Interest-$203,015-$203,015
Occupancy-$96,677-$96,677
Advertising-$58,544-$58,544
Depreciation Depletion-$53,351-$53,351
Other Expenses-$36,650-$36,650
Payroll Taxes-$32,950-$32,950
Insurance-$22,375-$22,375
Other Employee Benefits-$18,492-$18,492
Pension Plan Contributions-$17,146-$17,146
Conferences and Meetings-$9,797-$9,797
Travel-$6,875-$6,875
Office Expenses-$6,471-$6,471
Total Functional Expenses$0$1,654,626$0$1,654,626
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$24,572,020
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 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Presented at monthly board meeting”

Part VI Line 19

“Upon request”

Filing and Contact Details

Filer

Filer Name
Beacon Financial Credit Union
EIN
62-6041473
In Care Of
% John-Michael Nelms
Phone
4239750025
Address
1102 West Market Street Ste Suite 2, Johnson City, TN 37604

Signing Officer

Name
John-michael Nelms
Title
Chief Financial Officer
Phone
4239750025
Signed
2021-05-05

Organization Details

Principal Officer
John F Hunter Iii
Formed
1951
Legal Domicile
Tn
Voting Board Members
0
Independent Board Members
0
Employees
15
Raw XML Appendix357 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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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01102 West Market Street Ste Suite 2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN-MICHAEL NELMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Financial Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum04239750025
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Beacon Financial Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0626041473
ReturnHeader/Filer/InCareOfNm0% John-Michael Nelms
ReturnHeader/Filer/PhoneNum04239750025
ReturnHeader/Filer/USAddress/AddressLine1Txt01102 West Market Street Ste Suite 2
ReturnHeader/Filer/USAddress/CityNm0Johnson City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037604
ReturnHeader/ReturnTs02021-05-05T11:18:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN-MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NELMS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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