Civic Intelligence

Skel-Tex Credit Union

EIN 75-0939167 • 501(c)14 • Skellytown, TX

Profile

To serve our members to the best of our ability.

PO Box 660Skellytown, TX 79080
Siviq Scores

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

Liabilities / Assets

24th percentile

0.79x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

21.92x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2023

Net Margin

29th percentile

-5.4%

Higher net margin than 29% of similar nonprofits.

501(c)14 • $5M-$10M 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

10th percentile

-16%

Faster asset growth than 10% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

9.3%

Faster revenue growth than 58% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,815,843

Down $55,928 (-1.0%) from 2023

Liabilities

Down

$4,562,074

Down $59,835 (-1.3%) from 2023

Net Assets

Up

$1,253,769

Up $3,907 (+0.3%) from 2023

Revenue

Up

$232,019

Up $21,180 (+10%) from 2023

Expenses

Up

$228,112

Up $5,844 (+2.6%) from 2023

Net Income

Up

$3,907

Up $15,336 (+134%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,804,253Liabilities 2011: $4,804,253Net Assets 2011: $02011Assets 2012: $5,479,192Liabilities 2012: $5,479,192Net Assets 2012: $02012Assets 2013: $5,410,417Liabilities 2013: $5,410,417Net Assets 2013: $02013Assets 2014: $5,670,346Liabilities 2014: $5,670,346Net Assets 2014: $02014Assets 2015: $6,044,987Liabilities 2015: $6,044,987Net Assets 2015: $02015Assets 2016: $5,797,138Liabilities 2016: $5,797,138Net Assets 2016: $02016Assets 2017: $5,925,567Liabilities 2017: $5,925,567Net Assets 2017: $02017Assets 2018: $5,940,113Liabilities 2018: $5,940,113Net Assets 2018: $02018Assets 2019: $5,722,419Liabilities 2019: $5,722,419Net Assets 2019: $02019Assets 2020: $6,117,753Liabilities 2020: $4,888,054Net Assets 2020: $1,229,6992020Assets 2021: $6,613,125Liabilities 2021: $5,349,220Net Assets 2021: $1,263,9052021Assets 2022: $6,950,084Liabilities 2022: $5,688,793Net Assets 2022: $1,261,2912022Assets 2023: $5,871,771Liabilities 2023: $4,621,909Net Assets 2023: $1,249,8622023Assets 2024: $5,815,843Liabilities 2024: $4,562,074Net Assets 2024: $1,253,7692024

Highlighted filing

2024

Assets$5,815,843
Liabilities$4,562,074
Net Assets$1,253,769

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $264,477Expenses 2011: $171,662Net Income 2011: $92,8152011Revenue 2012: $259,727Expenses 2012: $176,920Net Income 2012: $82,8072012Revenue 2013: $265,946Expenses 2013: $192,872Net Income 2013: $73,0742013Revenue 2014: $268,375Expenses 2014: $158,742Net Income 2014: $109,6332014Revenue 2015: $243,097Expenses 2015: $197,254Net Income 2015: $45,8432015Revenue 2016: $229,906Expenses 2016: $205,294Net Income 2016: $24,6122016Revenue 2017: $205,741Expenses 2017: $201,501Net Income 2017: $4,2402017Revenue 2018: $206,156Expenses 2018: $190,899Net Income 2018: $15,2572018Revenue 2019: $216,141Expenses 2019: $193,571Net Income 2019: $22,5702019Revenue 2020: $218,822Expenses 2020: $189,534Net Income 2020: $29,2882020Revenue 2021: $216,191Expenses 2021: $181,985Net Income 2021: $34,2062021Revenue 2022: $192,873Expenses 2022: $195,487Net Income 2022: -$2,6142022Revenue 2023: $210,839Expenses 2023: $222,268Net Income 2023: -$11,4292023Revenue 2024: $232,019Expenses 2024: $228,112Net Income 2024: $3,9072024

Highlighted filing

2024

Revenue$232,019
Expenses$228,112
Net Income$3,907

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.82$4.56$1.25$0.23$0.23$0.00
2023Detailed filing. Detailed filing data is available for this year.$5.87$4.62$1.25$0.21$0.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.95$5.69$1.26$0.19$0.20$0.00
2021Detailed filing. Detailed filing data is available for this year.$6.61$5.35$1.26$0.22$0.18$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.12$4.89$1.23$0.22$0.19$0.03
2019Summary only. Only limited summary data is available for this year.$5.72$5.72$0.00$0.22$0.19$0.02
2018Summary only. Only limited summary data is available for this year.$5.94$5.94$0.00$0.21$0.19$0.02
2017Summary only. Only limited summary data is available for this year.$5.93$5.93$0.00$0.21$0.20$0.00
2016Summary only. Only limited summary data is available for this year.$5.80$5.80$0.00$0.23$0.21$0.02
2015Summary only. Only limited summary data is available for this year.$6.04$6.04$0.00$0.24$0.20$0.05
2014Summary only. Only limited summary data is available for this year.$5.67$5.67$0.00$0.27$0.16$0.11
2013Summary only. Only limited summary data is available for this year.$5.41$5.41$0.00$0.27$0.19$0.07
2012Summary only. Only limited summary data is available for this year.$5.48$5.48$0.00$0.26$0.18$0.08
2011Summary only. Only limited summary data is available for this year.$4.80$4.80$0.00$0.26$0.17$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$232,019
Mission and Program Overview

Mission

To serve our members to the best of our ability.

Savings and loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,287,420$3,144,196▼ $143,224
Investments in Publicly Traded Securities$2,239,897$2,003,785▼ $236,112
Rtn Earn Endowment Incm Other Fnds$1,249,862$1,253,769▲ $3,907
Savings and Temporary Cash Investments$253,155$593,223▲ $340,068
Prepaid Expenses and Deferred Charges$56,864$46,189▼ $10,675
Intangible Assets$22,312$22,185▼ $127
Cash and Non-Interest-Bearing Accounts$10,484$4,751▼ $5,733
Land, Buildings, and Equipment, Net$1,639$1,514▼ $125
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,871,771$5,815,843▼ $55,928
Liabilities
Other Liabilities$4,618,919$4,557,781▼ $61,138
Accounts Payable and Accrued Expenses$2,990$4,293▲ $1,303
Total Liabilities$4,621,909$4,562,074▼ $59,835
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,249,862$1,253,769▲ $3,907
Total Liabilities and Net Assets / Fund Balance$5,871,771$5,815,843▼ $55,928

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5$43,479$0
Other Land Buildings$0$0$0
Land$1,500-$0
Equipment$9$13,632$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terri ConeManagerFT$52,269$52,269

Board Members and Trustees

NameTitle
Larry BrownBoard Chairman
Sherry KramerBoard Vice-Chairman
Cecil NunnBoard Director
Raymond HanoverBoard Director
Terry SargentBoard Director
Glenna SwansonBoard Secretary
Reva WilliamsBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$40,765
Other Revenue
$191,254
Change in Net Assets
$3,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,793
Other Expenses$58,766
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$50,524$52,269-$102,793
Benefits to Members$66,553--$66,553
Office Expenses$29,748--$29,748
Fees for Services Other$11,534--$11,534
All Other Expenses$9,592$0$0$9,592
Occupancy$3,883--$3,883
Other Expenses$3,779$0$0$3,779
Travel$190--$190
Advertising$40--$40
Total Functional Expenses$175,843$52,269$0$228,112
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
All Share Types$4,557,781
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union has members.

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

The Board of Directors are elected each year at the Annual Meeting of the members.

Form 990, Part VI, Section A, Line 8B

There are no committees that act on behalf of the governing body.

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

The Form 990 is reviewed at a regularly scheduled Board of Directors meeting.

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

The Credit Union does not have any unrelated business income, so there has not been any conflict.

Form 990, Part VI, Section C, Line 19

The Credit Union monthly financial statement is posted on the bulletin board in the credit union lobby. All other documents are presented upon request.

Filing and Contact Details

Filer

Filer Name
Skel-tex Credit Union
EIN
75-0939167
Phone
8068482413
Address
PO Box 660, Skellytown, TX 79080

Signing Officer

Name
Terri Cone
Title
Manager
Phone
8068482413
Signed
2025-05-07

Organization Details

Principal Officer
Terri Cone
Formed
1954
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
3
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

The audit of the financial statements is performed annually by an independent auditor and regulated by the Texas Credit Union Department.

Raw XML Appendix389 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/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt059961
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032890
IRS990/PYOtherExpensesAmt059274
IRS990/PYOtherRevenueAmt0177949
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-11429
IRS990/PYSalariesCompEmpBnftPaidAmt0103033
IRS990/PYTotalExpensesAmt0222268
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0210839
IRS990/ReconcilationRevenueExpnssAmt03907
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01249862
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01253769
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0253155
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0593223
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05
IRS990ScheduleD/BuildingsGrp/DepreciationAmt043479
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt043484
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt09
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013632
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt013641
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt01500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01500
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/Amt04557781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0All Share Types
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01514
IRS990ScheduleD/TotalLiabilityAmt04557781
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors are elected each year at the Annual Meeting of the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees that act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed at a regularly scheduled Board of Directors meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Credit Union does not have any unrelated business income, so there has not been any conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Credit Union monthly financial statement is posted on the bulletin board in the credit union lobby. All other documents are presented upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The audit of the financial statements is performed annually by an independent auditor and regulated by the Texas Credit Union Department.
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 8b
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2b
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05871771
IRS990/TotalAssetsEOYAmt05815843
IRS990/TotalAssetsGrp/BOYAmt05871771
IRS990/TotalAssetsGrp/EOYAmt05815843
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052269
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175843
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228112
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04621909
IRS990/TotalLiabilitiesEOYAmt04562074
IRS990/TotalLiabilitiesGrp/BOYAmt04621909
IRS990/TotalLiabilitiesGrp/EOYAmt04562074
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01249862
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01253769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0175843
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt052269
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0232019
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05871771
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05815843
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0190
IRS990/TravelGrp/TotalAmt0190
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 84
IRS990/USAddress/CityNm0Skellytown
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079080
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Terri Cone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum08068482413
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SKEL-TEX CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SKEL
ReturnHeader/Filer/EIN0750939167
ReturnHeader/Filer/PhoneNum08068482413
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 660
ReturnHeader/Filer/USAddress/CityNm0Skellytown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079080
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-07T15:04:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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