Civic Intelligence

Txdot Credit Union

990 • Fiscal year 2023 • EIN 75-1363640

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization ProfileN/A

View Organization Page

4174 Old Anson RoadAbilene, TX 79601

(325) 676-8925

Siviq Scores

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

Liabilities / Assets

39th percentile

0.84x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

19.63x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Net Margin

73rd percentile

22%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Asset Growth

32nd percentile

-7.0%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

15%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$16,410,529

Down $1,226,451 (-7.0%) from 2022

Net Assets

Up

$2,683,539

Up $151,709 (+6.0%) from 2022

Liabilities

Down

$13,726,990

Down $1,378,160 (-9.1%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin73rd percentile

Revenue

Up

$699,461

Up $92,731 (+15%) from 2022

Expenses

Up

$547,752

Up $74,231 (+16%) from 2022

Net Income

Up

$151,709

Up $18,500 (+14%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $10,066,669Liabilities 2010: $9,208,231Net Assets 2010: $858,4382010Assets 2011: $9,939,211Liabilities 2011: $9,076,396Net Assets 2011: $862,8152011Assets 2012: $10,676,779Liabilities 2012: $9,592,609Net Assets 2012: $1,084,1702012Assets 2013: $10,834,373Liabilities 2013: $9,683,163Net Assets 2013: $1,151,2102013Assets 2014: $12,154,224Liabilities 2014: $10,895,564Net Assets 2014: $1,258,6602014Assets 2015: $12,231,648Liabilities 2015: $10,908,040Net Assets 2015: $1,323,6082015Assets 2016: $12,682,076Liabilities 2016: $11,242,850Net Assets 2016: $1,439,2262016Assets 2017: $12,611,699Liabilities 2017: $11,081,592Net Assets 2017: $1,530,1072017Assets 2018: $11,942,556Liabilities 2018: $10,291,921Net Assets 2018: $1,650,6352018Assets 2019: $15,173,287Liabilities 2019: $13,005,778Net Assets 2019: $2,167,5092019Assets 2020: $16,304,606Liabilities 2020: $14,037,632Net Assets 2020: $2,266,9742020Assets 2021: $17,773,009Liabilities 2021: $15,374,388Net Assets 2021: $2,398,6212021Assets 2022: $17,636,980Liabilities 2022: $15,105,150Net Assets 2022: $2,531,8302022Assets 2023: $16,410,529Liabilities 2023: $13,726,990Net Assets 2023: $2,683,5392023Assets 2024: $16,555,055Liabilities 2024: $13,717,448Net Assets 2024: $2,837,6072024

Highlighted filing

2023

Assets$16,410,529
Liabilities$13,726,990
Net Assets$2,683,539
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.0M$500K$0Expenses 2010: $679,0142010Expenses 2011: $546,0752011Expenses 2012: $263,8032012Revenue 2013: $440,588Expenses 2013: $373,548Net Income 2013: $67,0402013Revenue 2014: $428,095Expenses 2014: $320,645Net Income 2014: $107,4502014Revenue 2015: $436,907Expenses 2015: $371,959Net Income 2015: $64,9482015Revenue 2016: $464,748Expenses 2016: $349,130Net Income 2016: $115,6182016Revenue 2017: $481,312Expenses 2017: $390,431Net Income 2017: $90,8812017Revenue 2018: $492,649Expenses 2018: $372,121Net Income 2018: $120,5282018Revenue 2019: $639,632Expenses 2019: $576,684Net Income 2019: $62,9482019Revenue 2020: $627,627Expenses 2020: $519,191Net Income 2020: $108,4362020Revenue 2021: $640,145Expenses 2021: $508,498Net Income 2021: $131,6472021Revenue 2022: $606,730Expenses 2022: $473,521Net Income 2022: $133,2092022Revenue 2023: $699,461Expenses 2023: $547,752Net Income 2023: $151,7092023Revenue 2024: $850,135Expenses 2024: $696,067Net Income 2024: $154,0682024

Highlighted filing

2023

Revenue$699,461
Expenses$547,752
Net Income$151,709
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$699,461
Mission and Program Overview

Mission

Cooperative provider of credit union services such as savings accounts and consumer loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,997,514$14,393,937▲ $396,423
Rtn Earn Endowment Incm Other Fnds$2,531,830$2,683,539▲ $151,709
Savings and Temporary Cash Investments$1,315,952$933,742▼ $382,210
Cash and Non-Interest-Bearing Accounts$1,809,106$587,811▼ $1,221,295
Land, Buildings, and Equipment, Net$311,833$281,043▼ $30,790
Prepaid Expenses and Deferred Charges$9,876$13,331▲ $3,455
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$17,636,980$16,410,529▼ $1,226,451
Other Assets Total$192,699$200,665▲ $7,966
Liabilities
Other Liabilities$14,949,059$13,537,549▼ $1,411,510
Accounts Payable and Accrued Expenses$156,091$189,441▲ $33,350
Total Liabilities$15,105,150$13,726,990▼ $1,378,160
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,531,830$2,683,539▲ $151,709
Total Liabilities and Net Assets / Fund Balance$17,636,980$16,410,529▼ $1,226,451

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,103$219,811-
Other Land Buildings$9,994$280,784-
Land$13,946--
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Russell ChapmanChairman
Toni NelsonPresident
Kenneth WilliamsVice Chairman
John CarterDirector
Juan MangelDirector
Stephen DavisDirector
Lisa FlashSecretary
Ginna HughesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$657,266
Investment Income
$42,195
Other Revenue
$0
Change in Net Assets
$151,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,580
Salaries, Compensation, and Employee Benefits$227,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$191,119
Office Expenses---$84,199
Interest---$74,039
Occupancy---$70,993
Other Employee Benefits---$21,080
Payroll Taxes---$14,973
Other Expenses---$6,945
All Other Expenses---$6,218
Fees for Services Accounting---$5,400
Travel---$4,667
Fees for Services Management---$4,403
Conferences and Meetings---$2,521
Fees for Services Legal---$566
Advertising---$165
Total Functional Expenses$0$0$0$547,752
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SHARES & CD'S$13,537,548
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All members are stockholders”

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

“The members elect the board of directors”

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

“If the members do not like the decisions of the board they can elect new board members”

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

“The board will review the form 990 before it is filed”

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

“All directors are made aware of the policy”

Form 990, Part VI, Section B, Line 15B

“The board reviews annually”

Form 990, Part VI, Section C, Line 19

“The governing documents are available upon request. The financial statements are posted in the lobby”

Filing and Contact Details

Filer

Filer Name
Txdot Credit Union
EIN
75-1363640
Phone
3256768925
Address
4174 OLD ANSON ROAD, ABILENE, TX 79601

Signing Officer

Name
Russell Chapman
Title
Chairman
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
12

Preparer

Firm
Ram CPA Pllc
Address
3401 W Loop 306 Ste A, San Angelo, TX 76904
Preparer
Rudolph A Munoz Jr CPA
Phone
3259442536
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/ProgSrvcAccomActy3Grp/Desc0CONSUMER LOANS - THE CREDIT UNION PROVIDES LOANS FOR AUTOS, MOTORCYCLES, SHARE SECURED AND UNSECURED LOANS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt017294
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0257753
IRS990/PYProgramServiceRevenueAmt0589436
IRS990/PYRevenuesLessExpensesAmt0133209
IRS990/PYSalariesCompEmpBnftPaidAmt0215768
IRS990/PYTotalExpensesAmt0473521
IRS990/PYTotalRevenueAmt0606730
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0151709
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02531830
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02683539
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01315952
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0933742
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0257103
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0219811
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0476914
IRS990ScheduleD/LandGrp/BookValueAmt013946
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt013946
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09994
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0280784
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0290778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113537548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARES & CD'S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0281043
IRS990ScheduleD/TotalLiabilityAmt013537549
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THE MEMBERS DO NOT LIKE THE DECISIONS OF THE BOARD THEY CAN ELECT NEW BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD WILL REVIEW THE FORM 990 BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DIRECTORS ARE MADE AWARE OF THE POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY
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 7b
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 B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017636980
IRS990/TotalAssetsEOYAmt016410529
IRS990/TotalAssetsGrp/BOYAmt017636980
IRS990/TotalAssetsGrp/EOYAmt016410529
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0547752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015105150
IRS990/TotalLiabilitiesEOYAmt013726990
IRS990/TotalLiabilitiesGrp/BOYAmt015105150
IRS990/TotalLiabilitiesGrp/EOYAmt013726990
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02531830
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02683539
IRS990/TotalProgramServiceRevenueAmt0657266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0699461
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0699461
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017636980
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016410529
IRS990/TravelGrp/TotalAmt04667
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04174 OLD ANSON ROAD
IRS990/USAddress/CityNm0ABILENE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079601
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
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/PersonNm0RUSSELL CHAPMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TXDOT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TXDO
ReturnHeader/Filer/EIN0751363640
ReturnHeader/Filer/PhoneNum03256768925
ReturnHeader/Filer/USAddress/AddressLine1Txt04174 OLD ANSON ROAD
ReturnHeader/Filer/USAddress/CityNm0ABILENE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079601
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870935049
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAM CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03401 W Loop 306 Ste A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Angelo
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076904
ReturnHeader/PreparerPersonGrp/PhoneNum03259442536
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rudolph A Munoz Jr CPA
ReturnHeader/ReturnTs02024-05-09T11:44:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RUSSELL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAPMAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,410,529
Liabilities
$13,726,990
Net assets
$2,683,539
Revenue
$699,461
Expenses
$547,752
Net income
$151,709
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$13.7$2.84$0.85$0.70$0.15
2023Detailed filing. Detailed filing data is available for this year.$16.4$13.7$2.68$0.70$0.55$0.15
2022Detailed filing. Detailed filing data is available for this year.$17.6$15.1$2.53$0.61$0.47$0.13
2021Detailed filing. Detailed filing data is available for this year.$17.8$15.4$2.40$0.64$0.51$0.13
2020Detailed filing. Detailed filing data is available for this year.$16.3$14.0$2.27$0.63$0.52$0.11
2019Detailed filing. Detailed filing data is available for this year.$15.2$13.0$2.17$0.64$0.58$0.06
2018Detailed filing. Detailed filing data is available for this year.$11.9$10.3$1.65$0.49$0.37$0.12
2017Detailed filing. Detailed filing data is available for this year.$12.6$11.1$1.53$0.48$0.39$0.09
2016Detailed filing. Detailed filing data is available for this year.$12.7$11.2$1.44$0.46$0.35$0.12
2015Detailed filing. Detailed filing data is available for this year.$12.2$10.9$1.32$0.44$0.37$0.06
2014Detailed filing. Detailed filing data is available for this year.$12.2$10.9$1.26$0.43$0.32$0.11
2013Detailed filing. Detailed filing data is available for this year.$10.8$9.68$1.15$0.44$0.37$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$9.59$1.08$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$9.08$0.86$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$9.21$0.86$0.68