Civic Intelligence

Weld Community Credit Union

990 • Fiscal year 2013 • EIN 84-0526937

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 18, 2014

Organization ProfileWWW.WELDSCHOOLSCU.COM

View Organization Page

2555 47 Avenue80634

(970) 330-9728

Siviq Scores

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

Liabilities / Assets

84th percentile

0.92x

Higher debt load relative to assets than 84% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

86th percentile

24.52x

Higher debt load relative to revenue than 86% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

47th percentile

7.7%

Higher net margin than 47% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

42nd percentile

$119,783

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

74th percentile

5.0%

Faster asset growth than 74% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$59,137,310

Up $2,792,740 (+5.0%) from 2012

Net Assets

Up

$4,886,411

Up $170,265 (+3.6%) from 2012

Liabilities

Up

$54,250,899

Up $2,622,475 (+5.1%) from 2012

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin47th percentile

Revenue

$2,212,440

No earlier filing loaded for comparison.

Expenses

Down

$2,042,175

Down $121,061 (-5.6%) from 2012

Net Income

$170,265

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$150M$100M$50M$0Assets 2010: $53,609,480Liabilities 2010: $49,166,518Net Assets 2010: $4,442,9622010Assets 2011: $54,011,873Liabilities 2011: $49,533,306Net Assets 2011: $4,478,5672011Assets 2012: $56,344,570Liabilities 2012: $51,628,424Net Assets 2012: $4,716,1462012Assets 2013: $59,137,310Liabilities 2013: $54,250,899Net Assets 2013: $4,886,4112013Assets 2014: $61,254,014Liabilities 2014: $56,149,639Net Assets 2014: $5,104,3752014Assets 2015: $65,546,069Liabilities 2015: $60,172,250Net Assets 2015: $5,373,8192015Assets 2016: $67,982,813Liabilities 2016: $62,245,406Net Assets 2016: $5,737,4072016Assets 2017: $74,010,086Liabilities 2017: $67,636,262Net Assets 2017: $6,373,8242017Assets 2018: $78,819,757Liabilities 2018: $71,787,115Net Assets 2018: $7,032,6422018Assets 2019: $79,575,148Liabilities 2019: $71,725,979Net Assets 2019: $7,849,1692019Assets 2020: $94,402,290Liabilities 2020: $86,334,454Net Assets 2020: $8,067,8362020Assets 2021: $105,453,476Liabilities 2021: $97,007,295Net Assets 2021: $8,446,1812021Assets 2022: $114,282,720Liabilities 2022: $105,637,682Net Assets 2022: $8,645,0382022Assets 2023: $108,218,187Liabilities 2023: $98,454,317Net Assets 2023: $9,763,8702023Assets 2024: $107,921,591Liabilities 2024: $96,970,514Net Assets 2024: $10,951,0772024

Highlighted filing

2013

Assets$59,137,310
Liabilities$54,250,899
Net Assets$4,886,411
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,590,3542010Expenses 2011: $2,472,9552011Expenses 2012: $2,163,2362012Revenue 2013: $2,212,440Expenses 2013: $2,042,175Net Income 2013: $170,2652013Revenue 2014: $2,111,493Expenses 2014: $1,893,529Net Income 2014: $217,9642014Revenue 2015: $2,185,675Expenses 2015: $1,916,231Net Income 2015: $269,4442015Revenue 2016: $2,395,280Expenses 2016: $2,031,692Net Income 2016: $363,5882016Revenue 2017: $2,675,551Expenses 2017: $2,039,130Net Income 2017: $636,4212017Revenue 2018: $3,098,525Expenses 2018: $2,439,707Net Income 2018: $658,8182018Revenue 2019: $3,459,390Expenses 2019: $2,642,863Net Income 2019: $816,5272019Revenue 2020: $3,250,905Expenses 2020: $3,032,238Net Income 2020: $218,6672020Revenue 2021: $3,212,428Expenses 2021: $2,834,083Net Income 2021: $378,3452021Revenue 2022: $3,820,635Expenses 2022: $3,621,778Net Income 2022: $198,8572022Revenue 2023: $5,083,512Expenses 2023: $3,964,680Net Income 2023: $1,118,8322023Revenue 2024: $5,787,085Expenses 2024: $4,599,878Net Income 2024: $1,187,2072024

Highlighted filing

2013

Revenue$2,212,440
Expenses$2,042,175
Net Income$170,265
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 18, 2014
Return Version
2013v3.1
Gross Receipts
$2,212,440
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$27,128,647$31,719,815▲ $4,591,168
Other Notes and Loans Receivable, Net$26,461,436$24,730,781▼ $1,730,655
Rtn Earn Endowment Incm Other Fnds$3,845,719$4,015,984▲ $170,265
Land, Buildings, and Equipment, Net$1,176,520$1,167,773▼ $8,747
Pd in Cap Srpls Land Bldg Eqp Fund$870,427$870,427→ $0
Cash and Non-Interest-Bearing Accounts$632,093$576,453▼ $55,640
Prepaid Expenses and Deferred Charges$313,034$313,198▲ $164
Accounts Receivable$3,310$1,446▼ $1,864
Total Assets$56,344,570$59,137,310▲ $2,792,740
Other Assets Total$629,530$627,844▼ $1,686
Liabilities
Other Liabilities$51,161,305$53,922,607▲ $2,761,302
Accounts Payable and Accrued Expenses$467,119$328,292▼ $138,827
Total Liabilities$51,628,424$54,250,899▲ $2,622,475
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,716,146$4,886,411▲ $170,265
Total Liabilities and Net Assets / Fund Balance$56,344,570$59,137,310▲ $2,792,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$712,737$573,592$1,286,329
Equipment$69,022$588,310$657,332
Land$386,014-$386,014
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven SanbornCEOFT$110,976$8,807$119,783

Board Members and Trustees

NameTitle
Barbara LengelBoard Member
Bruce GorzeBoard Member
Gary StewardBoard Member
Joan LindBoard Member
Jolene YatesBoard Member
Lawrence SpohnBoard Member
Roger HarbertBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,088,727
Investment Income
$123,713
Other Revenue
$0
Change in Net Assets
$170,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,117,127
Salaries, Compensation, and Employee Benefits$925,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$739,886
All Other Expenses---$176,840
Occupancy---$121,977
Other Employee Benefits---$117,416
Office Expenses---$113,827
Other Expenses---$61,770
Depreciation Depletion---$61,162
Payroll Taxes---$59,769
Advertising---$46,718
Insurance---$36,137
Fees for Services Accounting---$9,100
Pension Plan Contributions---$7,977
Conferences and Meetings---$3,111
Total Functional Expenses$0$0$0$2,042,175
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
Member Deposits$53,922,607
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All depositors are considered members.”

Form 990, Page 6, Part VI, Line 7A

“The credit union members elect on an annual basis, the members of the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Any proposed mergers must be approved by a majority of the membership.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.”

Form 990, Page 6, Part VI, Line 15A

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 2013.”

Form 990, Page 6, Part VI, Line 19

“The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

EIN
84-0526937
Phone
9703309728

Signing Officer

Name
Steve Sanborn
Title
President
Phone
9703309728
Signed
2014-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Sanborn
Formed
1936
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
24
Volunteers
11

Preparer

Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Form 990, Page 5, Part V, Line 3B

“The credit union provides financial services to its members. All income and expenses are deemed related to the overall objective of member services.”

Raw XML Appendix332 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS, THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt056344570
IRS990/TotalAssetsEOYAmt059137310
IRS990/TotalAssetsGrp/BOYAmt056344570
IRS990/TotalAssetsGrp/EOYAmt059137310
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02042175
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051628424
IRS990/TotalLiabilitiesEOYAmt054250899
IRS990/TotalLiabilitiesGrp/BOYAmt051628424
IRS990/TotalLiabilitiesGrp/EOYAmt054250899
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04716146
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04886411
IRS990/TotalOtherCompensationAmt08807
IRS990/TotalProgramServiceRevenueAmt02088727
IRS990/TotalReportableCompFromOrgAmt0110976
IRS990/TotalRevenueGrp/ExclusionAmt02212440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02212440
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056344570
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059137310
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102555 47 AVENUE
IRS990/USAddress/City0GREELEY
IRS990/USAddress/State0CO
IRS990/USAddress/ZIPCode080634
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WELDSCHOOLSCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE SANBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09703309728
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine10WELD SCHOOLS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WELD
ReturnHeader/Filer/EIN0840526937
ReturnHeader/Filer/PhoneNum09703309728
ReturnHeader/Filer/USAddress/AddressLine102555 47 AVENUE
ReturnHeader/Filer/USAddress/City0GREELEY
ReturnHeader/Filer/USAddress/State0CO
ReturnHeader/Filer/USAddress/ZIPCode080634
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101410 GOLD COAST RD 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0680465742
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02014-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02014-05-01T08:43:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$59,137,310
Liabilities
$54,250,899
Net assets
$4,886,411
Revenue
$2,212,440
Expenses
$2,042,175
Net income
$170,265
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$97.0$11.0$5.79$4.60$1.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$98.5$9.76$5.08$3.96$1.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$106$8.65$3.82$3.62$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$97.0$8.45$3.21$2.83$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.4$86.3$8.07$3.25$3.03$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.6$71.7$7.85$3.46$2.64$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.8$71.8$7.03$3.10$2.44$0.66
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.0$67.6$6.37$2.68$2.04$0.64
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.0$62.2$5.74$2.40$2.03$0.36
2015Detailed filing. Detailed filing data is available for this year.$65.5$60.2$5.37$2.19$1.92$0.27
2014Detailed filing. Detailed filing data is available for this year.$61.3$56.1$5.10$2.11$1.89$0.22
2013Detailed filing. Detailed filing data is available for this year.$59.1$54.3$4.89$2.21$2.04$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.3$51.6$4.72$2.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.0$49.5$4.48$2.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$49.2$4.44$2.59