Civic Intelligence

A New Direction Credit Union

EIN 75-1338668 • 501(c)14 • Dallas, TX

Profile

Cooperative provider of credit union financial services

12770 Coit RdDallas, TX 75251

www.thrcu.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2022

Net Margin

25th percentile

-11%

Higher net margin than 25% of similar nonprofits.

$500k-$1M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$54,918

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

$500k-$1M nonprofits • Source year 2022

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-26%

Faster revenue growth than 14% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $17,632,702 (-100%) from 2021

Liabilities

Down

$0

Down $16,563,829 (-100%) from 2021

Net Assets

Down

$0

Down $1,068,873 (-100%) from 2021

Revenue

Down

$638,660

Down $221,550 (-26%) from 2021

Expenses

Down

$710,522

Down $131,471 (-16%) from 2021

Net Income

Down

-$71,862

Down $90,079 (-494%) from 2021

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $13,267,396Liabilities 2010: $12,294,729Net Assets 2010: $972,6672010Assets 2011: $13,681,710Liabilities 2011: $12,703,368Net Assets 2011: $978,3422011Assets 2012: $14,810,662Liabilities 2012: $13,738,450Net Assets 2012: $1,072,2122012Assets 2013: $15,907,029Liabilities 2013: $14,634,573Net Assets 2013: $1,272,4562013Assets 2014: $17,398,978Liabilities 2014: $15,937,428Net Assets 2014: $1,461,5502014Assets 2015: $18,777,298Liabilities 2015: $17,299,782Net Assets 2015: $1,477,5162015Assets 2016: $18,768,480Liabilities 2016: $17,285,993Net Assets 2016: $1,482,4872016Assets 2017: $19,190,346Liabilities 2017: $17,702,688Net Assets 2017: $1,487,6582017Assets 2018: $16,673,561Liabilities 2018: $15,361,418Net Assets 2018: $1,312,1432018Assets 2019: $15,885,049Liabilities 2019: $14,656,206Net Assets 2019: $1,228,8432019Assets 2020: $17,807,605Liabilities 2020: $16,756,949Net Assets 2020: $1,050,6562020Assets 2021: $17,632,702Liabilities 2021: $16,563,829Net Assets 2021: $1,068,8732021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,327,0542010Expenses 2011: $1,208,2882011Expenses 2012: $1,240,2622012Revenue 2013: $1,341,293Expenses 2013: $1,141,049Net Income 2013: $200,2442013Revenue 2014: $1,333,631Expenses 2014: $1,144,537Net Income 2014: $189,0942014Revenue 2015: $1,231,303Expenses 2015: $1,215,337Net Income 2015: $15,9662015Revenue 2016: $1,202,671Expenses 2016: $1,197,700Net Income 2016: $4,9712016Revenue 2017: $1,242,829Expenses 2017: $1,237,658Net Income 2017: $5,1712017Revenue 2018: $1,160,477Expenses 2018: $1,335,992Net Income 2018: -$175,5152018Revenue 2019: $1,059,865Expenses 2019: $1,143,165Net Income 2019: -$83,3002019Revenue 2020: $926,870Expenses 2020: $1,105,057Net Income 2020: -$178,1872020Revenue 2021: $860,210Expenses 2021: $841,993Net Income 2021: $18,2172021Revenue 2022: $638,660Expenses 2022: $710,522Net Income 2022: -$71,8622022

Highlighted filing

2022

Revenue$638,660
Expenses$710,522
Net Income-$71,862

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.64$0.71$0.07
2021Detailed filing. Detailed filing data is available for this year.$17.6$16.6$1.07$0.86$0.84$0.02
2020Detailed filing. Detailed filing data is available for this year.$17.8$16.8$1.05$0.93$1.11$0.18
2019Summary only. Only limited summary data is available for this year.$15.9$14.7$1.23$1.06$1.14$0.08
2018Detailed filing. Detailed filing data is available for this year.$16.7$15.4$1.31$1.16$1.34$0.18
2017Detailed filing. Detailed filing data is available for this year.$19.2$17.7$1.49$1.24$1.24$0.01
2016Detailed filing. Detailed filing data is available for this year.$18.8$17.3$1.48$1.20$1.20$0.00
2015Detailed filing. Detailed filing data is available for this year.$18.8$17.3$1.48$1.23$1.22$0.02
2014Detailed filing. Detailed filing data is available for this year.$17.4$15.9$1.46$1.33$1.14$0.19
2013Detailed filing. Detailed filing data is available for this year.$15.9$14.6$1.27$1.34$1.14$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$13.7$1.07$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$12.7$0.98$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$12.3$0.97$1.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Sep 30, 2022
Signed
May 23, 2023
Return Version
2022v5.0
Gross Receipts
$638,660
Mission and Program Overview

Mission

Cooperative provider of credit union financial services

A New Direction Credit Union(formerly Texas Health Resources CU) is a cooperative thrift institution, chartered by the State of Texas and insured by the National Credit Union Administration

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,117,712--
Savings and Temporary Cash Investments$6,977,108--
Rtn Earn Endowment Incm Other Fnds$1,068,873--
Cash and Non-Interest-Bearing Accounts$429,308--
Prepaid Expenses and Deferred Charges$58,055--
Accounts Receivable$15,085--
Receivables From Officers Etc$11,261--
Land, Buildings, and Equipment, Net$4,383$0▼ $4,383
Total Assets$17,632,702$0▼ $17,632,702
Other Assets Total$19,790--
Liabilities
Other Liabilities$16,541,007$0▼ $16,541,007
Accounts Payable and Accrued Expenses$22,822--
Total Liabilities$16,563,829$0▼ $16,563,829
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,068,873$0▼ $1,068,873
Total Liabilities and Net Assets / Fund Balance$17,632,702$0▼ $17,632,702

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Suzanne ChismPresident/CEO/Treas.FT$54,918$54,918

Board Members and Trustees

NameTitle
Shryl JohnstonChairman
Robert AllenVice Chair
Barbara CaffeyBoard Member
Tonya FarmerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$540,564
Investment Income
$31,745
Other Revenue
$66,351
Change in Net Assets
$-71,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$510,367
Salaries, Compensation, and Employee Benefits$200,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$200,155$0$0$200,155
Occupancy$113,793$0$0$113,793
Fees for Services Other$102,653$0$0$102,653
Information Technology$82,106$0$0$82,106
Office Expenses$45,111$0$0$45,111
Insurance$20,300$0$0$20,300
All Other Expenses$5,486$0$0$5,486
Fees for Services Accounting$4,950$0$0$4,950
Other Expenses$3,911$0$0$3,911
Depreciation Depletion$2,855$0$0$2,855
Fees for Services Legal$1,153$0$0$1,153
Interest$52$0$0$52
Total Functional Expenses$710,522$0$0$710,522
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 Officers, Directors, Trustees, and Key Employees$11,261--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$0
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
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
A New Direction Credit Union
EIN
75-1338668
Phone
2146313813
Address
12770 Coit Rd, Dallas, TX 75251

Signing Officer

Name
Suzanne Chism
Title
President/CEO
Phone
2146313813
Signed
2023-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Chism
Formed
2019
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

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

Additional Explanations

Pt VI, Line 6

All accountholders are also members or shareholders

Pt VI, Line 7A

Credit union members participate in the election of officials

Pt VI, Line 12C

All officers, directors, and key employees are required to file an annual conflict of interest disclosure statement

Pt VI, Line 15A

The CEU's compensation is reviewed and deterrmined by the Human Resources Department and the Board

Pt VI, Line 11B

The 990 is reviewed by an independent CPA prior to filing

Raw XML Appendix373 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/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Shryl Johnston
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert Allen
IRS990/Form990PartVIISectionAGrp/PersonNm2Barbara Caffey
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4President/CEO/Treas.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04383
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IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Balace Sheet/Merger
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Resource One Credit Union
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-09-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0750821285
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt016814183
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501c(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Historical cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01200 Belleview
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Dallas
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd075215
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All accountholders are also members or shareholders
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Credit union members participate in the election of officials
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All officers, directors, and key employees are required to file an annual conflict of interest disclosure statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The CEU's compensation is reviewed and deterrmined by the Human Resources Department and the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 is reviewed by an independent CPA prior to filing
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt017632702
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt017632702
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0710522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0710522
IRS990/TotalGrossUBIAmt042581
IRS990/TotalLiabilitiesBOYAmt016563829
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt016563829
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01068873
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0540564
IRS990/TotalReportableCompFromOrgAmt054918
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0596079
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0638660
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt042581
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017632702
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt012770 Colt Rd
IRS990/USAddress/CityNm0Dallas
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075251
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Suzanne Chism
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02146313813
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0A New Direction Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0ANEW
ReturnHeader/Filer/EIN0751338668
ReturnHeader/Filer/PhoneNum02146313813
ReturnHeader/Filer/USAddress/AddressLine1Txt012770 Coit Rd
ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075251
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-07-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Greg R Schmidt CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-07-03T12:07:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Suzanne
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Chism
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02022

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