Civic Intelligence

Weld Community Credit Union

990 • Fiscal year 2014 • EIN 84-0526937

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 02, 2015

Organization ProfileWWW.WELDSCHOOLSCU.COM

View Organization Page

2555 47 AvenueGreeley, CO 80634

(970) 330-9728

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.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

26.59x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

51st percentile

10%

Higher net margin than 51% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$129,084

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

60th percentile

3.6%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

20th percentile

-4.6%

Faster revenue growth than 20% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$61,254,014

Up $2,116,704 (+3.6%) from 2013

Net Assets

Up

$5,104,375

Up $217,964 (+4.5%) from 2013

Liabilities

Up

$56,149,639

Up $1,898,740 (+3.5%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin51st percentile

Revenue

Down

$2,111,493

Down $100,947 (-4.6%) from 2013

Expenses

Down

$1,893,529

Down $148,646 (-7.3%) from 2013

Net Income

Up

$217,964

Up $47,699 (+28%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2014

Assets$61,254,014
Liabilities$56,149,639
Net Assets$5,104,375
Open 2014 Filing

Operations Trend

Revenue Growth20th percentile

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

2014

Revenue$2,111,493
Expenses$1,893,529
Net Income$217,964
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 2, 2015
Return Version
2014v5.0
Gross Receipts
$2,111,493
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$31,719,815$33,766,185▲ $2,046,370
Other Notes and Loans Receivable, Net$24,730,781$24,803,257▲ $72,476
Rtn Earn Endowment Incm Other Fnds$4,015,984$4,233,948▲ $217,964
Land, Buildings, and Equipment, Net$1,167,773$1,136,860▼ $30,913
Pd in Cap Srpls Land Bldg Eqp Fund$870,427$870,427→ $0
Cash and Non-Interest-Bearing Accounts$576,453$559,830▼ $16,623
Prepaid Expenses and Deferred Charges$313,198$328,017▲ $14,819
Accounts Receivable$1,446$7,474▲ $6,028
Total Assets$59,137,310$61,254,014▲ $2,116,704
Other Assets Total$627,844$652,391▲ $24,547
Liabilities
Other Liabilities$53,922,607$55,757,417▲ $1,834,810
Accounts Payable and Accrued Expenses$328,292$392,222▲ $63,930
Total Liabilities$54,250,899$56,149,639▲ $1,898,740
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,886,411$5,104,375▲ $217,964
Total Liabilities and Net Assets / Fund Balance$59,137,310$61,254,014▲ $2,116,704

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$699,670$612,502$1,312,172
Equipment$51,176$609,157$660,333
Land$386,014-$386,014
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven Sanborn-FT$119,651$9,433$129,084

Board Members and Trustees

NameTitle
Beverly MenkeBoard Member
Bruce GorzeBoard Member
Gary StewardBoard Member
Joan LindBoard Member
Jolene YatesBoard Member
Roger HarbertBoard Member
Ken HumphreyCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,967,316
Investment Income
$144,177
Other Revenue
$0
Change in Net Assets
$217,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$958,874
Salaries, Compensation, and Employee Benefits$934,655
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$753,811
All Other Expenses---$116,812
Other Employee Benefits---$109,221
Office Expenses---$108,751
Occupancy---$99,645
Depreciation Depletion---$65,312
Payroll Taxes---$62,155
Other Expenses---$49,045
Advertising---$44,985
Insurance---$38,042
Pension Plan Contributions---$9,468
Fees for Services Accounting---$9,100
Conferences and Meetings---$3,045
Total Functional Expenses$0$0$0$1,893,529
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$55,757,417
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 2014.”

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

Filer Name
Weld Schools Credit Union
EIN
84-0526937
Phone
9703309728
Address
2555 47 AVENUE, GREELEY, CO 80634

Signing Officer

Name
Steve Sanborn
Title
President
Phone
9703309728
Signed
2015-10-02
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

Firm
Petersen & Associates
Address
1410 GOLD COAST RD 400, PAPILLION, NE 68046-5742
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 2014.
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/TotalAssetsBOYAmt059137310
IRS990/TotalAssetsEOYAmt061254014
IRS990/TotalAssetsGrp/BOYAmt059137310
IRS990/TotalAssetsGrp/EOYAmt061254014
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01893529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054250899
IRS990/TotalLiabilitiesEOYAmt056149639
IRS990/TotalLiabilitiesGrp/BOYAmt054250899
IRS990/TotalLiabilitiesGrp/EOYAmt056149639
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04886411
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05104375
IRS990/TotalOtherCompensationAmt09433
IRS990/TotalProgramServiceRevenueAmt01967316
IRS990/TotalReportableCompFromOrgAmt0119651
IRS990/TotalRevenueGrp/ExclusionAmt02111493
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02111493
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059137310
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt061254014
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02555 47 AVENUE
IRS990/USAddress/CityNm0GREELEY
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080634
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WELDSCHOOLSCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE SANBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09703309728
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELD SCHOOLS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WELD
ReturnHeader/Filer/EIN0840526937
ReturnHeader/Filer/PhoneNum09703309728
ReturnHeader/Filer/USAddress/AddressLine1Txt02555 47 AVENUE
ReturnHeader/Filer/USAddress/CityNm0GREELEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080634
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01410 GOLD COAST RD 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680465742
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02015-10-02T08:34:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,254,014
Liabilities
$56,149,639
Net assets
$5,104,375
Revenue
$2,111,493
Expenses
$1,893,529
Net income
$217,964
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