Civic Intelligence

Vatat Credit Union

990 • Fiscal year 2015 • EIN 74-1464400

Jan 01, 2015 to Dec 31, 2015 • Filed on May 01, 2016

614 E 12th StreetAustin, TX 78701

(512) 472-3258

Siviq Scores

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

Liabilities / Assets

34th percentile

0.83x

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

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

20.81x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Net Margin

54th percentile

5.4%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$86,017

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 29.7% of source-year revenue.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Asset Growth

25th percentile

-1.2%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

9.6%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,289,287

Down $86,999 (-1.2%) from 2014

Net Assets

Up

$1,258,889

Up $15,620 (+1.3%) from 2014

Liabilities

Down

$6,030,398

Down $102,619 (-1.7%) from 2014

Revenue

Up

$289,760

Up $25,404 (+9.6%) from 2014

Expenses

Up

$274,140

Up $19,681 (+7.7%) from 2014

Net Income

Up

$15,620

Up $5,723 (+58%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,892,818Liabilities 2011: $4,681,605Net Assets 2011: $1,211,2132011Assets 2012: $5,974,727Liabilities 2012: $4,748,654Net Assets 2012: $1,226,0732012Assets 2013: $6,342,028Liabilities 2013: $5,108,649Net Assets 2013: $1,233,3792013Assets 2014: $7,376,286Liabilities 2014: $6,133,017Net Assets 2014: $1,243,2692014Assets 2015: $7,289,287Liabilities 2015: $6,030,398Net Assets 2015: $1,258,8892015Assets 2016: $7,130,506Liabilities 2016: $5,896,143Net Assets 2016: $1,234,3632016Assets 2017: $7,305,340Liabilities 2017: $6,057,779Net Assets 2017: $1,247,5612017Assets 2018: $8,027,173Liabilities 2018: $6,748,787Net Assets 2018: $1,278,3862018Assets 2019: $8,508,292Liabilities 2019: $7,181,775Net Assets 2019: $1,326,5172019Assets 2020: $8,980,734Liabilities 2020: $7,578,909Net Assets 2020: $1,401,8252020Assets 2021: $9,393,749Liabilities 2021: $7,891,558Net Assets 2021: $1,502,1912021Assets 2022: $11,164,152Liabilities 2022: $9,547,874Net Assets 2022: $1,616,2782022Assets 2023: $10,827,914Liabilities 2023: $9,076,273Net Assets 2023: $1,751,6412023Assets 2024: $10,560,581Liabilities 2024: $8,731,074Net Assets 2024: $1,829,5072024

Highlighted filing

2015

Assets$7,289,287
Liabilities$6,030,398
Net Assets$1,258,889

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $270,3992011Expenses 2012: $254,7222012Revenue 2013: $254,336Expenses 2013: $247,030Net Income 2013: $7,3062013Revenue 2014: $264,356Expenses 2014: $254,459Net Income 2014: $9,8972014Revenue 2015: $289,760Expenses 2015: $274,140Net Income 2015: $15,6202015Revenue 2016: $280,719Expenses 2016: $305,245Net Income 2016: -$24,5262016Revenue 2017: $315,124Expenses 2017: $301,926Net Income 2017: $13,1982017Revenue 2018: $365,251Expenses 2018: $334,426Net Income 2018: $30,8252018Revenue 2019: $409,960Expenses 2019: $361,829Net Income 2019: $48,1312019Revenue 2020: $431,114Expenses 2020: $355,806Net Income 2020: $75,3082020Revenue 2021: $428,195Expenses 2021: $327,829Net Income 2021: $100,3662021Revenue 2022: $491,122Expenses 2022: $377,035Net Income 2022: $114,0872022Revenue 2023: $647,934Expenses 2023: $512,571Net Income 2023: $135,3632023Revenue 2024: $672,763Expenses 2024: $594,897Net Income 2024: $77,8662024

Highlighted filing

2015

Revenue$289,760
Expenses$274,140
Net Income$15,620
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 1, 2016
Return Version
2015v2.1
Gross Receipts
$289,760
Mission and Program Overview

Mission

The mission of VATAT Credit Union is to provide excellent member service through our individual and team effort. We will operate a safe and sound credit union which will in turn reward our shareholder members and our employees.

The mission of vatat credit union is to provide excellent member service through our individual and team efforts. We will operate a safe and sound credit union which will in turn reward our shareholder members and our employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,009,770$5,791,901▲ $782,131
Investments Program Related$1,123,168$1,279,000▲ $155,832
Rtn Earn Endowment Incm Other Fnds$1,243,269$1,258,889▲ $15,620
Savings and Temporary Cash Investments$949,000$124,172▼ $824,828
Cash and Non-Interest-Bearing Accounts$269,968$75,965▼ $194,003
Prepaid Expenses and Deferred Charges$9,710$5,131▼ $4,579
Land, Buildings, and Equipment, Net$2,965$1,628▼ $1,337
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,376,286$7,289,287▼ $86,999
Other Assets Total$11,705$11,490▼ $215
Liabilities
Other Liabilities$6,120,556$5,978,307▼ $142,249
Accounts Payable and Accrued Expenses$12,461$52,091▲ $39,630
Total Liabilities$6,133,017$6,030,398▼ $102,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,243,269$1,258,889▲ $15,620
Total Liabilities and Net Assets / Fund Balance$7,376,286$7,289,287▼ $86,999

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,628$26,104$27,732
Investment Program Related Org$1,279,000--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rosario RodriguezCEOFT$86,017$86,017

Board Members and Trustees

NameTitle
Glenn ClinardChairman
Don HensonVice Chairman
Gary AdamsDirector
Jeremy BondsDirector
William WoodyDirector
Steve ForsytheSecretary
Barney McclureTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$263,406
Investment Income
$17,699
Other Revenue
$8,655
Change in Net Assets
$15,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,816
Other Expenses$123,514
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$86,017-$0$86,017
Other Salaries and Wages$41,646$0$0$41,646
Office Expenses$30,930--$30,930
Occupancy$26,839--$26,839
Interest$20,866--$20,866
Information Technology$18,403--$18,403
Pension Plan Contributions$10,473$0$0$10,473
Payroll Taxes$10,038$0$0$10,038
Conferences and Meetings$7,862--$7,862
Insurance$7,348--$7,348
All Other Expenses$5,723--$5,723
Fees for Services Other$2,526$0$0$2,526
Fees for Services Accounting$1,680$0$0$1,680
Other Employee Benefits$1,642$0$0$1,642
Depreciation Depletion$1,337--$1,337
Benefits to Members$810--$810
Total Functional Expenses$274,140$0$0$274,140
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
Member Shares$5,978,307
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

As a state chartered Credit Union- we are owned by our members.

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

The general Credit Union membership elect and appoint directors to serve on a volunteer basis to serve a two year unpaid term.

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

This IRS Form 990 is sent to all Directors for their review before it is submitted to the IRS.

Form 990, Part VI, Section B, Line 15

The board reviews on an annual basis the work and management duties of the CEO and determines a salary within the boundaries of the budget.

Form 990, Part VI, Section C, Line 19

We inform the general membership via website notice, statement inserts as well as at annual meeting that they may request to view these documents.

Filing and Contact Details

Filer

Filer Name
Vatat Credit Union
EIN
74-1464400
Phone
5124723258
Address
614 E 12th Street, Austin, TX 78701

Signing Officer

Name
Rosario Rodriguez
Title
CEO
Phone
5124723258
Signed
2016-05-01

Organization Details

Principal Officer
Rosario Rodriguez
Formed
1961
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7
Raw XML AppendixShowing 400 of 459 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/Desc0Total credit union share increased by $784,637 and the credit union loans decreased slightly by $142,248 while continuing to maintain delinquencies low. Our ACH auto debit continued to grow, and now most of our loans are paid by ACH making this more efficient and cost effective for members and credit union.
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07731
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1924
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt08655
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041646
IRS990/OtherSalariesAndWagesGrp/TotalAmt041646
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05009770
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05791901
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010038
IRS990/PayrollTaxesGrp/TotalAmt010038
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010473
IRS990/PensionPlanContributionsGrp/TotalAmt010473
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09710
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05131
IRS990/PrincipalOfficerNm0Rosario Rodriguez
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INVESTMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME- LATE FEES AND OTHER SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3SHARE DRAFT INCOME & FEES
IRS990/ProgramServiceRevenueGrp/Desc4INVESTMENT INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0263406
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0263406
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0902
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016065
IRS990/PYOtherExpensesAmt0113704
IRS990/PYOtherRevenueAmt03372
IRS990/PYProgramServiceRevenueAmt0244919
IRS990/PYRevenuesLessExpensesAmt09897
IRS990/PYSalariesCompEmpBnftPaidAmt0139853
IRS990/PYTotalExpensesAmt0254459
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0264356
IRS990/ReconcilationRevenueExpnssAmt015620
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0289760
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01243269
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01258889
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0949000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0124172
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01628
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026104
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027732
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01279000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CD INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05978307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01628
IRS990ScheduleD/TotalBookValueProgramRltdAmt01279000
IRS990ScheduleD/TotalLiabilityAmt05978307
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As a state chartered Credit Union- we are owned by our members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The general Credit Union membership elect and appoint directors to serve on a volunteer basis to serve a two year unpaid term.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This IRS Form 990 is sent to all Directors for their review before it is submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews on an annual basis the work and management duties of the CEO and determines a salary within the boundaries of the budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4We inform the general membership via website notice, statement inserts as well as at annual meeting that they may request to view these documents.
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 B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07376286
IRS990/TotalAssetsEOYAmt07289287
IRS990/TotalAssetsGrp/BOYAmt07376286
IRS990/TotalAssetsGrp/EOYAmt07289287
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$8.73$1.83$0.67$0.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$10.8$9.08$1.75$0.65$0.51$0.14
2022Detailed filing. Detailed filing data is available for this year.$11.2$9.55$1.62$0.49$0.38$0.11
2021Detailed filing. Detailed filing data is available for this year.$9.39$7.89$1.50$0.43$0.33$0.10
2020Detailed filing. Detailed filing data is available for this year.$8.98$7.58$1.40$0.43$0.36$0.08
2019Detailed filing. Detailed filing data is available for this year.$8.51$7.18$1.33$0.41$0.36$0.05
2018Detailed filing. Detailed filing data is available for this year.$8.03$6.75$1.28$0.37$0.33$0.03
2017Detailed filing. Detailed filing data is available for this year.$7.31$6.06$1.25$0.32$0.30$0.01
2016Detailed filing. Detailed filing data is available for this year.$7.13$5.90$1.23$0.28$0.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$7.29$6.03$1.26$0.29$0.27$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.38$6.13$1.24$0.26$0.25$0.01
2013Detailed filing. Detailed filing data is available for this year.$6.34$5.11$1.23$0.25$0.25$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$4.75$1.23$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$4.68$1.21$0.27