Civic Intelligence

Tarrant County'S Credit Union

990 • Fiscal year 2016 • EIN 75-1054189

Jan 01, 2016 to Dec 31, 2016 • Filed on May 05, 2017

200 Taylor StFort Worth, TX 76102

(817) 884-1470

Siviq Scores

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

Liabilities / Assets

87th percentile

0.92x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

12.72x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

9th percentile

-4.0%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$190,258

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

29th percentile

1.7%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

1.1%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$81,393,781

Up $1,388,909 (+1.7%) from 2015

Net Assets

Down

$6,803,087

Down $233,080 (-3.3%) from 2015

Liabilities

Up

$74,590,694

Up $1,621,989 (+2.2%) from 2015

Revenue

Up

$5,864,899

Up $61,203 (+1.1%) from 2015

Expenses

Up

$6,097,979

Up $577,846 (+10%) from 2015

Net Income

Down

-$233,080

Down $516,643 (-182%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $60,124,887Liabilities 2010: $54,996,040Net Assets 2010: $5,128,8472010Assets 2011: $63,791,533Liabilities 2011: $58,390,747Net Assets 2011: $5,400,7862011Assets 2012: $65,670,684Liabilities 2012: $60,036,633Net Assets 2012: $5,634,0512012Assets 2013: $70,986,329Liabilities 2013: $65,043,223Net Assets 2013: $5,943,1062013Assets 2014: $73,516,220Liabilities 2014: $66,763,616Net Assets 2014: $6,752,6042014Assets 2015: $80,004,872Liabilities 2015: $72,968,705Net Assets 2015: $7,036,1672015Assets 2016: $81,393,781Liabilities 2016: $74,590,694Net Assets 2016: $6,803,0872016Assets 2017: $85,499,185Liabilities 2017: $78,332,276Net Assets 2017: $7,166,9092017Assets 2018: $86,364,561Liabilities 2018: $78,368,921Net Assets 2018: $7,995,6402018Assets 2019: $92,127,789Liabilities 2019: $83,450,140Net Assets 2019: $8,677,6492019Assets 2020: $106,334,120Liabilities 2020: $97,124,716Net Assets 2020: $9,209,4042020Assets 2021: $120,112,755Liabilities 2021: $110,603,802Net Assets 2021: $9,508,9532021Assets 2022: $119,584,304Liabilities 2022: $110,499,629Net Assets 2022: $9,084,6752022Assets 2023: $118,356,684Liabilities 2023: $107,401,487Net Assets 2023: $10,955,1972023Assets 2024: $117,877,545Liabilities 2024: $105,925,747Net Assets 2024: $11,951,7982024

Highlighted filing

2016

Assets$81,393,781
Liabilities$74,590,694
Net Assets$6,803,087

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,084,2892010Expenses 2011: $4,832,0672011Expenses 2012: $5,129,5262012Revenue 2013: $5,490,108Expenses 2013: $5,181,053Net Income 2013: $309,0552013Revenue 2014: $5,836,382Expenses 2014: $2,468,522Net Income 2014: $3,367,8602014Revenue 2015: $5,803,696Expenses 2015: $5,520,133Net Income 2015: $283,5632015Revenue 2016: $5,864,899Expenses 2016: $6,097,979Net Income 2016: -$233,0802016Revenue 2017: $6,121,850Expenses 2017: $5,758,028Net Income 2017: $363,8222017Revenue 2018: $6,495,156Expenses 2018: $5,666,425Net Income 2018: $828,7312018Revenue 2019: $6,918,712Expenses 2019: $6,236,703Net Income 2019: $682,0092019Revenue 2020: $6,739,485Expenses 2020: $6,207,730Net Income 2020: $531,7552020Revenue 2021: $6,309,923Expenses 2021: $6,010,374Net Income 2021: $299,5492021Revenue 2022: $6,675,204Expenses 2022: $6,387,947Net Income 2022: $287,2572022Revenue 2023: $9,253,616Expenses 2023: $7,489,409Net Income 2023: $1,764,2072023Revenue 2024: $9,477,657Expenses 2024: $8,612,497Net Income 2024: $865,1602024

Highlighted filing

2016

Revenue$5,864,899
Expenses$6,097,979
Net Income-$233,080
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 5, 2017
Return Version
2016v3.0
Gross Receipts
$5,864,899
Mission and Program Overview

Mission

To provide our members with the best possible financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$63,130,698$66,275,545▲ $3,144,847
Savings and Temporary Cash Investments$11,356,841$10,466,950▼ $889,891
Rtn Earn Endowment Incm Other Fnds$7,036,167$6,803,087▼ $233,080
Land, Buildings, and Equipment, Net$1,384,355$1,313,845▼ $70,510
Cash and Non-Interest-Bearing Accounts$556,565$793,484▲ $236,919
Accounts Receivable$326,301$564,387▲ $238,086
Prepaid Expenses and Deferred Charges$868,426$241,396▼ $627,030
Investments Other Securities$37,192--
Total Assets$80,004,872$81,393,781▲ $1,388,909
Other Assets Total$2,344,494$1,738,174▼ $606,320
Liabilities
Other Liabilities$71,880,837$73,471,075▲ $1,590,238
Accounts Payable and Accrued Expenses$1,087,868$1,119,619▲ $31,751
Total Liabilities$72,968,705$74,590,694▲ $1,621,989
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,036,167$6,803,087▼ $233,080
Total Liabilities and Net Assets / Fund Balance$80,004,872$81,393,781▲ $1,388,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$391,957$1,344,241$1,736,198
Leasehold Improvements$921,888$383,483$1,305,371
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lily NewfarmerPresidentFT$190,258$190,258
Lily Newfarmer--$190,258$190,258
Carla ReevesExecutive VPFT$129,397$129,397

Board Members and Trustees

NameTitle
Alan ThomasChairman
Craig MaxwellVice Chairman
Ann FarmerDirector
Robert J CarterDirector
Robert PartenDirector
Tom SpencerSecretary
Judy McdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,757,285
Investment Income
$107,614
Other Revenue
$0
Change in Net Assets
$-233,080

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,864,899
Total Revenue per Audited Statements
$5,864,899
Total Revenue per Form 990
$5,864,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,265,650
Salaries, Compensation, and Employee Benefits$2,832,329
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,135,075--$2,135,075
Information Technology$732,017--$732,017
Other Expenses$708,806--$708,806
Office Expenses$574,166--$574,166
Other Employee Benefits$315,902--$315,902
Occupancy$293,419--$293,419
Pension Plan Contributions$207,436--$207,436
Depreciation Depletion$192,683--$192,683
Interest$188,090--$188,090
Payroll Taxes$173,916--$173,916
Advertising$121,192--$121,192
Conferences and Meetings$105,099--$105,099
Insurance$51,046--$51,046
Fees for Services Accounting$13,000--$13,000
Fees for Services Other$5,529--$5,529
Fees for Services Legal$4,115--$4,115
Total Functional Expenses$6,097,979$0$0$6,097,979

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,097,979
Total Expenses per Audited Statements$6,097,979
Total Expenses per Form 990$6,097,979
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
Member Share and Savings Accounts$73,471,075
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Tarrant County's Credit Union
EIN
75-1054189
Phone
8178841470
Address
200 Taylor St, Fort Worth, TX 76102

Signing Officer

Name
Lily Newfarmer
Title
President
Phone
8178841470
Signed
2017-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lily Newfarmer
Formed
1955
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
51
Volunteers
10

Preparer

Firm
Greg R Schmidtcpa
Address
2 Baltusrol, AMARILLO, TX 79124
Preparer
Greg R Schmidt
Phone
8552759297
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Member owned credit union

Pt VI, Line 7A

Member owned credit union elects Board of Directors

Pt VI, Line 8A

All meetings are documented by written Minutes

Pt VI, Line 10B

Written policies and procedures are in place for all branches

Pt VI, Line 11B

Board reviewed Form 990 before filing

Pt VI, Line 12C

All employees sign handbook acknowledgement requiring compliance with the Conflict of Interest Policy

Pt VI, Line 15A

The Board considers industry comps in the area, and reviews accomplishments of predetermined goals before setting the salary and any related increases

Raw XML Appendix383 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/PYSalariesCompEmpBnftPaidAmt02681970
IRS990/PYTotalExpensesAmt05520133
IRS990/PYTotalRevenueAmt05803696
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-233080
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07036167
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06803087
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011356841
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010466950
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0391957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01344241
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01736198
IRS990ScheduleD/ExpensesSubtotalAmt06097979
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0921888
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0383483
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01305371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073471075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share and Savings Accounts
IRS990ScheduleD/RevenueSubtotalAmt05864899
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01313845
IRS990ScheduleD/TotalExpensesPerForm990Amt06097979
IRS990ScheduleD/TotalLiabilityAmt073471075
IRS990ScheduleD/TotalRevenuePerForm990Amt05864899
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05864899
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06097979
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0190258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LILY NEWFARMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0190258
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Member owned credit union
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Member owned credit union elects Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All meetings are documented by written Minutes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Written policies and procedures are in place for all branches
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board reviewed Form 990 before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All employees sign handbook acknowledgement requiring compliance with the Conflict of Interest Policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board considers industry comps in the area, and reviews accomplishments of predetermined goals before setting the salary and any related increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt080004872
IRS990/TotalAssetsEOYAmt081393781
IRS990/TotalAssetsGrp/BOYAmt080004872
IRS990/TotalAssetsGrp/EOYAmt081393781
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06097979
IRS990/TotalFunctionalExpensesGrp/TotalAmt06097979
IRS990/TotalGrossUBIAmt0130653
IRS990/TotalLiabilitiesBOYAmt072968705
IRS990/TotalLiabilitiesEOYAmt074590694
IRS990/TotalLiabilitiesGrp/BOYAmt072968705
IRS990/TotalLiabilitiesGrp/EOYAmt074590694
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07036167
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06803087
IRS990/TotalProgramServiceRevenueAmt05757285
IRS990/TotalReportableCompFromOrgAmt0319655
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05734246
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05864899
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0130653
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt080004872
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081393781
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 Taylor St
IRS990/USAddress/CityNm0Fort worth
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076102
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.tarantcu.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LILY NEWFARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08178841470
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Tarrant County's Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0TARR
ReturnHeader/Filer/EIN0751054189
ReturnHeader/Filer/PhoneNum08178841470
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 Taylor St
ReturnHeader/Filer/USAddress/CityNm0Fort Worth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076102
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId063CDAE170B5AFC09AF5FAA18A048CD4E156B2B22
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId063CDAE170B5AFC09AF5FAA18A048CD4E156B2B22
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.26.133.40
ReturnHeader/FilingSecurityInformation/IPDt02017-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:52:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREG R SCHMIDTCPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 Baltusrol
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMARILLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079124
ReturnHeader/PreparerPersonGrp/PhoneNum08552759297
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG R SCHMIDT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-10T12:52:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$106$12.0$9.48$8.61$0.87
2023Detailed filing. Detailed filing data is available for this year.$118$107$11.0$9.25$7.49$1.76
2022Detailed filing. Detailed filing data is available for this year.$120$110$9.08$6.68$6.39$0.29
2021Detailed filing. Detailed filing data is available for this year.$120$111$9.51$6.31$6.01$0.30
2020Detailed filing. Detailed filing data is available for this year.$106$97.1$9.21$6.74$6.21$0.53
2019Detailed filing. Detailed filing data is available for this year.$92.1$83.5$8.68$6.92$6.24$0.68
2018Detailed filing. Detailed filing data is available for this year.$86.4$78.4$8.00$6.50$5.67$0.83
2017Detailed filing. Detailed filing data is available for this year.$85.5$78.3$7.17$6.12$5.76$0.36
2016Detailed filing. Detailed filing data is available for this year.$81.4$74.6$6.80$5.86$6.10$0.23
2015Detailed filing. Detailed filing data is available for this year.$80.0$73.0$7.04$5.80$5.52$0.28
2014Detailed filing. Detailed filing data is available for this year.$73.5$66.8$6.75$5.84$2.47$3.37
2013Detailed filing. Detailed filing data is available for this year.$71.0$65.0$5.94$5.49$5.18$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$60.0$5.63$5.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$58.4$5.40$4.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$55.0$5.13$5.08