Civic Intelligence

Firefighters Credit Union

990 • Fiscal year 2017 • EIN 87-0172462

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

124 West 1400 South Suite 101Salt Lake City, UT 84115

(801) 487-3219

Siviq Scores

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

Liabilities / Assets

61st percentile

0.89x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

21.64x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

53rd percentile

9.6%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$100,470

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

94th percentile

11%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

8.9%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$41,837,095

Up $4,236,275 (+11%) from 2016

Net Assets

Up

$4,695,280

Up $164,716 (+3.6%) from 2016

Liabilities

Up

$37,141,815

Up $4,071,559 (+12%) from 2016

Revenue

Up

$1,715,978

Up $139,916 (+8.9%) from 2016

Expenses

Up

$1,551,262

Up $136,474 (+9.6%) from 2016

Net Income

Up

$164,716

Up $3,442 (+2.1%) from 2016

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2016: $37,600,820Liabilities 2016: $33,070,256Net Assets 2016: $4,530,5642016Assets 2017: $41,837,095Liabilities 2017: $37,141,815Net Assets 2017: $4,695,2802017Assets 2018: $45,585,725Liabilities 2018: $40,581,301Net Assets 2018: $5,004,4242018Assets 2019: $44,964,007Liabilities 2019: $39,719,326Net Assets 2019: $5,244,6812019Assets 2020: $50,696,583Liabilities 2020: $45,317,190Net Assets 2020: $5,379,3932020Assets 2021: $55,359,381Liabilities 2021: $49,688,693Net Assets 2021: $5,670,6882021Assets 2022: $59,236,814Liabilities 2022: $53,258,357Net Assets 2022: $5,978,4572022Assets 2023: $59,456,487Liabilities 2023: $53,359,441Net Assets 2023: $6,097,0462023Assets 2024: $61,629,716Liabilities 2024: $54,584,670Net Assets 2024: $7,045,0462024

Highlighted filing

2017

Assets$41,837,095
Liabilities$37,141,815
Net Assets$4,695,280

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2016: $1,576,062Expenses 2016: $1,414,788Net Income 2016: $161,2742016Revenue 2017: $1,715,978Expenses 2017: $1,551,262Net Income 2017: $164,7162017Revenue 2018: $2,060,291Expenses 2018: $1,751,147Net Income 2018: $309,1442018Revenue 2019: $2,195,287Expenses 2019: $1,955,030Net Income 2019: $240,2572019Revenue 2020: $2,208,158Expenses 2020: $2,073,446Net Income 2020: $134,7122020Revenue 2021: $2,151,322Expenses 2021: $1,860,027Net Income 2021: $291,2952021Revenue 2022: $2,227,287Expenses 2022: $1,919,518Net Income 2022: $307,7692022Revenue 2023: $2,626,945Expenses 2023: $2,431,569Net Income 2023: $195,3762023Revenue 2024: $4,442,368Expenses 2024: $3,494,368Net Income 2024: $948,0002024

Highlighted filing

2017

Revenue$1,715,978
Expenses$1,551,262
Net Income$164,716
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$1,715,978
Mission and Program Overview

Mission

To encourage thrift among its members, to create sources of credit at fair and reasonable rates of interest, and to provide an opportunity for its members to use and control their resources on a democratic basis in order to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$23,882,416$27,905,494▲ $4,023,078
Savings and Temporary Cash Investments$12,315,986$12,557,124▲ $241,138
Land, Buildings, and Equipment, Net$709,653$686,950▼ $22,703
Cash and Non-Interest-Bearing Accounts$114,119$108,557▼ $5,562
Other Notes and Loans Receivable, Net-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$37,600,820$41,837,095▲ $4,236,275
Other Assets Total$578,646$578,970▲ $324
Liabilities
Other Liabilities$32,979,722$37,055,679▲ $4,075,957
Accounts Payable and Accrued Expenses$90,534$86,136▼ $4,398
Total Liabilities$33,070,256$37,141,815▲ $4,071,559
Net Assets / Fund Balance
Unrestricted Net Assets$3,068,366$3,115,246▲ $46,880
Permanently Rstr Net Assets$1,462,198$1,580,034▲ $117,836
Total Net Assets Fund Balance$4,530,564$4,695,280▲ $164,716
Total Liabilities and Net Assets / Fund Balance$37,600,820$41,837,095▲ $4,236,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$606,291$138,639$744,930
Equipment$37,073$25,422$62,495
Other Land Buildings$23,586$28,522$52,108
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas GourdinPresidentFT$100,470$100,470

Board Members and Trustees

NameTitle
Adam DaviesDirector
Brent MarshallDirector
Dawayne CoombsDirector
Eldon FarnsworthDirector
Gina BellDirector
Greg RyndersDirector
Marc MacelreathDirector
Ron MorrisDirector
Steve DemasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,542,451
Investment Income
$173,527
Other Revenue
$0
Change in Net Assets
$164,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$954,331
Salaries, Compensation, and Employee Benefits$596,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$496,461--$496,461
Office Expenses$308,185--$308,185
Current Officers, Directors, Trustees, and Key Employees$100,470--$100,470
All Other Expenses$75,736--$75,736
Occupancy$55,684--$55,684
Other Expenses$39,852--$39,852
Travel$11,834--$11,834
Total Functional Expenses$1,551,262$0$0$1,551,262
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
Regular Shares$14,222,704
Share Drafts$6,610,460
Share Certificates$6,531,252
Other Shares$2,856,188
Money Market Shares$2,518,263
Ira Accounts$2,332,812
Nonmember Deposits$1,984,000
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 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

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Members of the credit union are required to maintain at least $25 in a share account at all times to qualify for membership.

Form 990, Part VI, Line 11B: Form 990 Review Process

The president of the credit union, thomas gourdin, performed a review of the form 990 before it was filed with the internal revenue service.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors reviews the salary range, and the actual salary of the ceo on an annual basis. The salary range is compared to like sized credit union's. If warranted, the board approves changes to the ceo's salary, and to the salary range for the position of ceo.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization posts financial information in its office and on ncua.gov.

Filing and Contact Details

Filer

Filer Name
Firefighters Credit Union
EIN
87-0172462
Phone
8014873219
Address
124 WEST 1400 SOUTH SUITE 101, SALT LAKE CITY, UT 84115

Signing Officer

Name
Thomas R Gourdin
Title
President
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas R Gourdin
Formed
1929
Legal Domicile
Ut
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
12

Preparer

Firm
Dickson and Company Inc
Address
455 East 500 South Suite 400, Salt Lake City, UT 84106
Preparer
Russell Dickson
Phone
8018596545
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0496461
IRS990/OtherSalariesAndWagesGrp/TotalAmt0496461
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01462198
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01580034
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THOMAS R GOURDIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0421267
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11121184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0421267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11121184
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0132163
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0904141
IRS990/PYProgramServiceRevenueAmt01443899
IRS990/PYRevenuesLessExpensesAmt0161274
IRS990/PYSalariesCompEmpBnftPaidAmt0510647
IRS990/PYTotalExpensesAmt01414788
IRS990/PYTotalRevenueAmt01576062
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0164716
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012315986
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012557124
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0606291
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0138639
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0744930
IRS990ScheduleD/EquipmentGrp/BookValueAmt037073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062495
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023586
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028522
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02332812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12518263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21984000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32856188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt414222704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt56531252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt66610460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NONMEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6SHARE DRAFTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0686950
IRS990ScheduleD/TotalLiabilityAmt037055679
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE CREDIT UNION ARE REQUIRED TO MAINTAIN AT LEAST $25 IN A SHARE ACCOUNT AT ALL TIMES TO QUALIFY FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE CREDIT UNION, THOMAS GOURDIN, PERFORMED A REVIEW OF THE FORM 990 BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE SALARY RANGE, AND THE ACTUAL SALARY OF THE CEO ON AN ANNUAL BASIS. THE SALARY RANGE IS COMPARED TO LIKE SIZED CREDIT UNION'S. IF WARRANTED, THE BOARD APPROVES CHANGES TO THE CEO'S SALARY, AND TO THE SALARY RANGE FOR THE POSITION OF CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION POSTS FINANCIAL INFORMATION IN ITS OFFICE AND ON NCUA.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt037600820
IRS990/TotalAssetsEOYAmt041837095
IRS990/TotalAssetsGrp/BOYAmt037600820
IRS990/TotalAssetsGrp/EOYAmt041837095
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01551262
IRS990/TotalFunctionalExpensesGrp/TotalAmt01551262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033070256
IRS990/TotalLiabilitiesEOYAmt037141815
IRS990/TotalLiabilitiesGrp/BOYAmt033070256
IRS990/TotalLiabilitiesGrp/EOYAmt037141815
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04530564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04695280
IRS990/TotalProgramServiceRevenueAmt01542451
IRS990/TotalReportableCompFromOrgAmt0100470
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01715978
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01715978
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037600820
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041837095
IRS990/TravelGrp/ProgramServicesAmt011834
IRS990/TravelGrp/TotalAmt011834
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03068366
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03115246
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FIREFIGHTERSCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS R GOURDIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIREFIGHTERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRE
ReturnHeader/Filer/EIN0870172462
ReturnHeader/Filer/PhoneNum08014873219
ReturnHeader/Filer/USAddress/AddressLine1Txt0124 WEST 1400 SOUTH SUITE 101
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084115
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260476748
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DICKSON AND COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0455 East 500 South Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salt Lake City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084106
ReturnHeader/PreparerPersonGrp/PhoneNum08018596545
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Russell Dickson
ReturnHeader/ReturnTs02018-05-14T10:24:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01

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