Civic Intelligence

Pathway Credit Union

990 • Fiscal year 2022 • EIN 62-6081645

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 22, 2023

2751 Ralph Buckner BlvdCleveland, TN 37311

(423) 479-2168

Siviq Scores

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

Liabilities / Assets

97th percentile

0.94x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

16.90x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2022

Net Margin

49th percentile

4.7%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$65,293

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2022

Asset Growth

5th percentile

-14%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-22%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,693,878

Down $931,793 (-14%) from 2021

Net Assets

Down

$327,438

Down $78,628 (-19%) from 2021

Liabilities

Down

$5,366,440

Down $853,165 (-14%) from 2021

Revenue

Down

$317,617

Down $87,955 (-22%) from 2021

Expenses

Down

$302,782

Down $145,490 (-32%) from 2021

Net Income

Up

$14,835

Up $57,535 (+135%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,351,423Liabilities 2010: $4,768,290Net Assets 2010: $583,1332010Assets 2011: $5,196,874Liabilities 2011: $4,613,379Net Assets 2011: $583,4952011Assets 2012: $5,250,899Liabilities 2012: $4,666,387Net Assets 2012: $584,5122012Assets 2013: $5,317,098Liabilities 2013: $4,731,934Net Assets 2013: $585,1642013Assets 2014: $5,030,677Liabilities 2014: $4,498,456Net Assets 2014: $532,2212014Assets 2015: $4,886,921Liabilities 2015: $4,374,013Net Assets 2015: $512,9082015Assets 2016: $4,945,121Liabilities 2016: $4,441,092Net Assets 2016: $504,0292016Assets 2017: $5,180,315Liabilities 2017: $4,675,542Net Assets 2017: $504,7732017Assets 2018: $5,058,152Liabilities 2018: $4,569,924Net Assets 2018: $488,2282018Assets 2019: $4,834,229Liabilities 2019: $4,444,063Net Assets 2019: $390,1662019Assets 2020: $6,494,509Liabilities 2020: $6,036,406Net Assets 2020: $458,1032020Assets 2021: $6,625,671Liabilities 2021: $6,219,605Net Assets 2021: $406,0662021Assets 2022: $5,693,878Liabilities 2022: $5,366,440Net Assets 2022: $327,4382022Assets 2023: $6,398,724Liabilities 2023: $6,029,704Net Assets 2023: $369,0202023

Highlighted filing

2022

Assets$5,693,878
Liabilities$5,366,440
Net Assets$327,438

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $262,0302010Expenses 2011: $243,2662011Expenses 2012: $234,8662012Revenue 2013: $218,439Expenses 2013: $217,866Net Income 2013: $5732013Revenue 2014: $200,594Expenses 2014: $253,540Net Income 2014: -$52,9462014Revenue 2015: $191,269Expenses 2015: $210,582Net Income 2015: -$19,3132015Revenue 2016: $191,884Expenses 2016: $200,764Net Income 2016: -$8,8802016Revenue 2017: $186,902Expenses 2017: $186,158Net Income 2017: $7442017Revenue 2018: $204,053Expenses 2018: $220,597Net Income 2018: -$16,5442018Revenue 2019: $193,896Expenses 2019: $291,958Net Income 2019: -$98,0622019Revenue 2020: $367,718Expenses 2020: $299,780Net Income 2020: $67,9382020Revenue 2021: $405,572Expenses 2021: $448,272Net Income 2021: -$42,7002021Revenue 2022: $317,617Expenses 2022: $302,782Net Income 2022: $14,8352022Revenue 2023: $355,239Expenses 2023: $317,780Net Income 2023: $37,4592023

Highlighted filing

2022

Revenue$317,617
Expenses$302,782
Net Income$14,835
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 22, 2023
Return Version
2022v5.0
Gross Receipts
$317,617
Mission and Program Overview

Mission

Credit union-to provide services for approximately 931 members in the form of loans, savings, and other financial services.

Pathway Credit Union was established as a financial institution to meet the growing needs of the Church of God entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,708,741$4,690,570▼ $18,171
Savings and Temporary Cash Investments$1,609,578$694,163▼ $915,415
Rtn Earn Endowment Incm Other Fnds$406,066$327,438▼ $78,628
Land, Buildings, and Equipment, Net$165,265$164,157▼ $1,108
Investments in Publicly Traded Securities$38,785$38,785→ $0
Cash and Non-Interest-Bearing Accounts$32,003$22,781▼ $9,222
Prepaid Expenses and Deferred Charges$8,945$11,372▲ $2,427
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,625,671$5,693,878▼ $931,793
Other Assets Total$62,354$72,050▲ $9,696
Liabilities
Other Liabilities$6,200,051$5,351,001▼ $849,050
Accounts Payable and Accrued Expenses$19,554$15,439▼ $4,115
Total Liabilities$6,219,605$5,366,440▼ $853,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$406,066$327,438▼ $78,628
Total Liabilities and Net Assets / Fund Balance$6,625,671$5,693,878▼ $931,793

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,748$43,731$107,479
Land$102,284-$102,284
Equipment$-1,875$65,012$63,137
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark RiceManager/CEOFT$62,125$3,168$65,293

Board Members and Trustees

NameTitle
Robert MccallChairperson
Leto ZachariaVice Chair
Carrie RiceBoard Member
Michael LuithleDirector
Richard PaceDirector
Carissa BeasleySecretary
Walter BrowningTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$305,224
Investment Income
$12,393
Other Revenue
$0
Change in Net Assets
$14,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,631
Salaries, Compensation, and Employee Benefits$117,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$65,293
Other Salaries and Wages---$41,404
Information Technology---$33,004
Office Expenses---$25,262
Fees for Services Other---$19,435
Interest---$18,007
Insurance---$8,715
Payroll Taxes---$8,297
Fees for Services Accounting---$7,665
Occupancy---$4,837
Depreciation Depletion---$3,203
Pension Plan Contributions---$2,157
Other Expenses---$2,078
All Other Expenses---$1,075
Fees for Services Legal---$200
Advertising---$166
Travel---$144
Total Functional Expenses$0$0$0$302,782
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares - Drafts - Certificates$5,351,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 6

Section 501c(14) credit union is composed of members.

Form 990, Part VI, Section A, 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 and hold a three year term.

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

Some decicions made by the board of directors require affimation by the members.

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

Management reviews tax returns and forwards US Form 8879-TE to tax preparer. Board reviews filed tax returns at next scheduled meeting.

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

Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.

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

the board of directors uses comparability data and a national survey in determining executive compensation.

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

Executive salaries are Board reviewed and approved. Board of Directors are not compensated.

Form 990, Part VI, Section C, Line 19

Credit union bylaws and policies are available upon request at the credit union's office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call Reports) are also available at www.ncua.gov for all federally insured credit unions.

Filing and Contact Details

Filer

Filer Name
Pathway Credit Union
EIN
62-6081645
Phone
4234792168
Address
2751 RALPH BUCKNER BLVD, CLEVELAND, TN 37311

Signing Officer

Name
Mark Rice
Title
Manager / CEO
Signed
2023-07-22
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Patrick Haughey
Phone
8005225820
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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/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0326105
IRS990/PYProgramServiceRevenueAmt0387595
IRS990/PYRevenuesLessExpensesAmt0-42700
IRS990/PYSalariesCompEmpBnftPaidAmt0122167
IRS990/PYTotalExpensesAmt0448272
IRS990/PYTotalRevenueAmt0405572
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014835
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0406066
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0327438
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01609578
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0694163
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt063748
IRS990ScheduleD/BuildingsGrp/DepreciationAmt043731
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0107479
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1875
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065012
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063137
IRS990ScheduleD/LandGrp/BookValueAmt0102284
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0102284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05351001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares - Drafts - Certificates
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0164157
IRS990ScheduleD/TotalLiabilityAmt05351001
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) credit union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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 and hold a three year term.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Some decicions made by the board of directors require affimation by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-TE to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5the board of directors uses comparability data and a national survey in determining executive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive salaries are Board reviewed and approved. Board of Directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Credit union bylaws and policies are available upon request at the credit union's office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call Reports) are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06625671
IRS990/TotalAssetsEOYAmt05693878
IRS990/TotalAssetsGrp/BOYAmt06625671
IRS990/TotalAssetsGrp/EOYAmt05693878
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0302782
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06219605
IRS990/TotalLiabilitiesEOYAmt05366440
IRS990/TotalLiabilitiesGrp/BOYAmt06219605
IRS990/TotalLiabilitiesGrp/EOYAmt05366440
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406066
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0327438
IRS990/TotalOtherCompensationAmt03168
IRS990/TotalProgramServiceRevenueAmt0305224
IRS990/TotalReportableCompFromOrgAmt062125
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0317617
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0317617
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06625671
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05693878
IRS990/TravelGrp/TotalAmt0144
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02751 RALPH BUCKNER BLVD
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037311
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PATHWAYCREDITUNION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK RICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER / CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATHWAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PATH
ReturnHeader/Filer/EIN0626081645
ReturnHeader/Filer/PhoneNum04234792168
ReturnHeader/Filer/USAddress/AddressLine1Txt02751 RALPH BUCKNER BLVD
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037311
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06447 W HIGHWAY 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040014
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Haughey
ReturnHeader/ReturnTs02023-07-22T13:13:10-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RICE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$6.40$6.03$0.37$0.36$0.32$0.04
2022Detailed filing. Detailed filing data is available for this year.$5.69$5.37$0.33$0.32$0.30$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$6.22$0.41$0.41$0.45$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$6.04$0.46$0.37$0.30$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$4.44$0.39$0.19$0.29$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$4.57$0.49$0.20$0.22$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$4.68$0.50$0.19$0.19$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$4.44$0.50$0.19$0.20$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.89$4.37$0.51$0.19$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.03$4.50$0.53$0.20$0.25$0.05
2013Summary only. Only limited summary data is available for this year.$5.32$4.73$0.59$0.22$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$4.67$0.58$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$4.61$0.58$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$4.77$0.58$0.26
Peer Organizations

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