Civic Intelligence

Ward County Credit Union

990 • Fiscal year 2016 • EIN 75-1085796

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileN/A

View Organization Page

301 South MainMonahans, TX 79756

(432) 943-3445

Siviq Scores

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

Liabilities / Assets

80th percentile

0.91x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

22.68x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

19th percentile

-1.6%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$67,698

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

14th percentile

-2.3%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-11%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$15,527,087

Down $371,161 (-2.3%) from 2015

Net Assets

Down

$1,417,818

Down $9,808 (-0.7%) from 2015

Liabilities

Down

$14,109,269

Down $361,353 (-2.5%) from 2015

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin19th percentile

Revenue

Down

$622,230

Down $79,240 (-11%) from 2015

Expenses

Down

$632,038

Down $43,823 (-6.5%) from 2015

Net Income

Down

-$9,808

Down $35,417 (-138%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $11,123,916Liabilities 2010: $9,988,766Net Assets 2010: $1,135,1502010Assets 2011: $14,034,007Liabilities 2011: $12,819,884Net Assets 2011: $1,214,1232011Assets 2012: $15,244,197Liabilities 2012: $13,920,925Net Assets 2012: $1,323,2722012Assets 2013: $15,769,087Liabilities 2013: $14,403,415Net Assets 2013: $1,365,6722013Assets 2014: $16,165,938Liabilities 2014: $14,787,864Net Assets 2014: $1,378,0742014Assets 2015: $15,898,248Liabilities 2015: $14,470,622Net Assets 2015: $1,427,6262015Assets 2016: $15,527,087Liabilities 2016: $14,109,269Net Assets 2016: $1,417,8182016Assets 2017: $15,687,707Liabilities 2017: $14,250,466Net Assets 2017: $1,437,2412017Assets 2018: $16,349,499Liabilities 2018: $14,900,024Net Assets 2018: $1,449,4752018Assets 2019: $17,490,726Liabilities 2019: $16,023,681Net Assets 2019: $1,467,0452019Assets 2020: $19,395,278Liabilities 2020: $17,871,759Net Assets 2020: $1,523,5192020Assets 2021: $18,363,115Liabilities 2021: $16,797,012Net Assets 2021: $1,566,1032021

Highlighted filing

2016

Assets$15,527,087
Liabilities$14,109,269
Net Assets$1,417,818
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $715,8092010Expenses 2011: $625,4142011Expenses 2012: $646,1732012Revenue 2013: $748,129Expenses 2013: $705,729Net Income 2013: $42,4002013Revenue 2014: $735,740Expenses 2014: $723,338Net Income 2014: $12,4022014Revenue 2015: $701,470Expenses 2015: $675,861Net Income 2015: $25,6092015Revenue 2016: $622,230Expenses 2016: $632,038Net Income 2016: -$9,8082016Revenue 2017: $603,813Expenses 2017: $584,390Net Income 2017: $19,4232017Revenue 2018: $648,268Expenses 2018: $636,034Net Income 2018: $12,2342018Revenue 2019: $697,431Expenses 2019: $679,861Net Income 2019: $17,5702019Revenue 2020: $690,256Expenses 2020: $633,782Net Income 2020: $56,4742020Revenue 2021: $640,973Expenses 2021: $598,389Net Income 2021: $42,5842021

Highlighted filing

2016

Revenue$622,230
Expenses$632,038
Net Income-$9,808
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$622,230
Mission and Program Overview

Mission

WCCU was chartered for the purpose of encouraging thrift among its members, creating a source of credit at fair and reasonable rates of interest.

WCTCU was chartered for the purpose of encouraging thrift among its members, creating a source of credit at fair and reasonable rates of interest, providing an opportunity for its members to use and control their own money to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,012,901$9,490,365▲ $477,464
Other Notes and Loans Receivable, Net$4,515,575$4,090,726▼ $424,849
Rtn Earn Endowment Incm Other Fnds$1,427,626$1,417,818▼ $9,808
Cash and Non-Interest-Bearing Accounts$1,734,934$1,318,375▼ $416,559
Land, Buildings, and Equipment, Net$327,070$296,507▼ $30,563
Receivables From Officers Etc$73,028$111,058▲ $38,030
Accounts Receivable$44,786$39,934▼ $4,852
Prepaid Expenses and Deferred Charges$40,446$34,104▼ $6,342
Inventories for Sale or Use$2,642$2,076▼ $566
Total Assets$15,898,248$15,527,087▼ $371,161
Other Assets Total$146,866$143,942▼ $2,924
Liabilities
Other Liabilities$14,394,177$14,050,949▼ $343,228
Accounts Payable and Accrued Expenses$76,445$58,320▼ $18,125
Total Liabilities$14,470,622$14,109,269▼ $361,353
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,427,626$1,417,818▼ $9,808
Total Liabilities and Net Assets / Fund Balance$15,898,248$15,527,087▼ $371,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$271,950$89,985$361,935
Equipment$24,557$38,400$62,957
Other Securities$9,490,365--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleBaseTotal
Kay Rankin-swanManager/CEO$67,698$67,698

Board Members and Trustees

NameTitle
Steve TuxhornChairman
Vicki LeyvaVice Chair
Amy BoysawBoard Member
Doug RoeberBoard Member
Loredia PottsBoard Member
Nancy UpchurchBoard Member
Arcadio RiveraBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$441,045
Investment Income
$160,354
Other Revenue
$20,831
Change in Net Assets
$-9,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,783
Salaries, Compensation, and Employee Benefits$268,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$132,973
Current Officers, Directors, Trustees, and Key Employees---$67,698
Other Employee Benefits---$38,999
Information Technology---$33,131
Occupancy---$32,515
Interest---$26,286
Office Expenses---$25,833
Other Expenses---$18,695
Fees for Services Accounting---$18,083
Depreciation Depletion---$16,432
Payroll Taxes---$15,754
Insurance---$15,577
Advertising---$14,775
Pension Plan Contributions---$12,831
Conferences and Meetings---$11,641
Fees for Services Other---$2,096
Total Functional Expenses$0$0$0$632,038
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$73,028$111,058▲ $38,030
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Share And Savings$11,827,192
Member Share Drafts$2,223,757
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
Filing and Contact Details

Filer

Filer Name
Ward County Credit Union
EIN
75-1085796
Phone
4329433445
Address
301 South Main, Monahans, TX 79756

Signing Officer

Name
Kay Rankin-swan Manager
Title
Manager
Phone
4329433445
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Rankin-swan
Formed
1953
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

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

Additional Explanations

Pt VI, Line 12C

“All officials, directors and key employees are required to file and annual conflict of interest disclosure statements”

Pt VI, Line 19

“WTCU makes its governing documents, conflict of interest policy and its financial statemetns available to the public upon request.”

Pt VI, Line 11B

“A copy of the 990 form was provided to the credit union for review.”

Raw XML Appendix384 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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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09490365
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Invested Money
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt09490365
IRS990ScheduleD/TotalLiabilityAmt014050949
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1902
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt225724
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt322438
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt441848
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Auto
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt11000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt273364
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt335803
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt468558
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LOREDIA POTTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1VICKI LEYVA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KAY RANKIN-SWAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3ARCADIO RIVERA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4NANCY UPCHURCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Board Member
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt0111058
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All officials, directors and key employees are required to file and annual conflict of interest disclosure statements
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WTCU makes its governing documents, conflict of interest policy and its financial statemetns available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the 990 form was provided to the credit union for review.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015898248
IRS990/TotalAssetsEOYAmt015527087
IRS990/TotalAssetsGrp/BOYAmt015898248
IRS990/TotalAssetsGrp/EOYAmt015527087
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0632038
IRS990/TotalGrossUBIAmt06049
IRS990/TotalLiabilitiesBOYAmt014470622
IRS990/TotalLiabilitiesEOYAmt014109269
IRS990/TotalLiabilitiesGrp/BOYAmt014470622
IRS990/TotalLiabilitiesGrp/EOYAmt014109269
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01427626
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01417818
IRS990/TotalProgramServiceRevenueAmt0441045
IRS990/TotalReportableCompFromOrgAmt067698
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0616181
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0622230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06049
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015898248
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015527087
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0301 South Main
IRS990/USAddress/CityNm0Monahans
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079756
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAY RANKIN-SWAN MANAGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04329433445
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ward County Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0WARD
ReturnHeader/Filer/EIN0751085796
ReturnHeader/Filer/PhoneNum04329433445
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 South Main
ReturnHeader/Filer/USAddress/CityNm0Monahans
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079756
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/IPTm012:53:06
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/ReturnTs02017-05-10T12:53:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,527,087
Liabilities
$14,109,269
Net assets
$1,417,818
Revenue
$622,230
Expenses
$632,038
Net income
-$9,808
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$18.4$16.8$1.57$0.64$0.60$0.04
2020Detailed filing. Detailed filing data is available for this year.$19.4$17.9$1.52$0.69$0.63$0.06
2019Detailed filing. Detailed filing data is available for this year.$17.5$16.0$1.47$0.70$0.68$0.02
2018Detailed filing. Detailed filing data is available for this year.$16.3$14.9$1.45$0.65$0.64$0.01
2017Detailed filing. Detailed filing data is available for this year.$15.7$14.3$1.44$0.60$0.58$0.02
2016Detailed filing. Detailed filing data is available for this year.$15.5$14.1$1.42$0.62$0.63$0.01
2015Detailed filing. Detailed filing data is available for this year.$15.9$14.5$1.43$0.70$0.68$0.03
2014Detailed filing. Detailed filing data is available for this year.$16.2$14.8$1.38$0.74$0.72$0.01
2013Detailed filing. Detailed filing data is available for this year.$15.8$14.4$1.37$0.75$0.71$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$13.9$1.32$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$12.8$1.21$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$9.99$1.14$0.72