Civic Intelligence

Firefighters Credit Union

990 • Fiscal year 2019 • EIN 87-0172462

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

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

65th percentile

0.88x

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

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

18.09x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

46th percentile

11%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$139,228

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

18th percentile

-1.4%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

6.6%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$44,964,007

Down $621,718 (-1.4%) from 2018

Net Assets

Up

$5,244,681

Up $240,257 (+4.8%) from 2018

Liabilities

Down

$39,719,326

Down $861,975 (-2.1%) from 2018

Revenue

Up

$2,195,287

Up $134,996 (+6.6%) from 2018

Expenses

Up

$1,955,030

Up $203,883 (+12%) from 2018

Net Income

Down

$240,257

Down $68,887 (-22%) from 2018

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

2019

Assets$44,964,007
Liabilities$39,719,326
Net Assets$5,244,681

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

2019

Revenue$2,195,287
Expenses$1,955,030
Net Income$240,257
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$2,195,287
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
Other Notes and Loans Receivable, Net$33,167,038$33,049,620▼ $117,418
Savings and Temporary Cash Investments$10,882,343$9,970,929▼ $911,414
Land, Buildings, and Equipment, Net$787,942$977,779▲ $189,837
Cash and Non-Interest-Bearing Accounts$133,012$166,930▲ $33,918
Prepaid Expenses and Deferred Charges-$101,767-
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$45,585,725$44,964,007▼ $621,718
Other Assets Total$615,390$696,982▲ $81,592
Liabilities
Other Liabilities$40,474,412$39,634,092▼ $840,320
Accounts Payable and Accrued Expenses$106,889$85,234▼ $21,655
Total Liabilities$40,581,301$39,719,326▼ $861,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,904,424$3,144,681▲ $240,257
Net Assets With Donor Restrictions$2,100,000$2,100,000→ $0
Total Net Assets Fund Balance$5,004,424$5,244,681▲ $240,257
Total Liabilities and Net Assets / Fund Balance$45,585,725$44,964,007▼ $621,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$556,629$188,301$744,930
Equipment$366,394$52,276$418,670
Other Land Buildings$20,440$39,554$59,994
Land$20,000-$20,000
Leasehold Improvements$14,316$2,607$16,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas GourdinPresidentFT$139,228$139,228

Board Members and Trustees

NameTitle
Clair BaldwinDirector
Dawayne CoombsDirector
Eldon FarnsworthDirector
Gina BellDirector
Greg RyndersDirector
Jeremy CraftDirector
Marc MacelreathDirector
Ron MorrisDirector
Steve DemasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,049,449
Investment Income
$145,838
Other Revenue
$0
Change in Net Assets
$240,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,177,760
Salaries, Compensation, and Employee Benefits$777,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$638,042--$638,042
Office Expenses$360,593--$360,593
Current Officers, Directors, Trustees, and Key Employees---$139,228
All Other Expenses$78,834--$78,834
Occupancy$65,082--$65,082
Other Expenses$30,846--$30,846
Travel$7,098--$7,098
Total Functional Expenses$1,815,802$0$0$1,955,030
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$16,148,567
Share Certificates$8,120,289
Share Drafts$7,697,584
Other Shares$2,769,926
Money Market Shares$2,527,759
Ira Accounts$2,369,966
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
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
2020-11-06
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
Raw XML Appendix397 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/OtherSalariesAndWagesGrp/TotalAmt0638042
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033167038
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt033049620
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101767
IRS990/PrincipalOfficerNm0THOMAS R GOURDIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0458426
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11591023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0458426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11591023
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0158972
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01058328
IRS990/PYProgramServiceRevenueAmt01901319
IRS990/PYRevenuesLessExpensesAmt0309144
IRS990/PYSalariesCompEmpBnftPaidAmt0692819
IRS990/PYTotalExpensesAmt01751147
IRS990/PYTotalRevenueAmt02060291
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0240257
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010882343
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09970929
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0556629
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0188301
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0744930
IRS990ScheduleD/EquipmentGrp/BookValueAmt0366394
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0418670
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014316
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02607
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016923
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020440
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039554
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02369966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12527759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22769926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316148567
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt58120289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt67697584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6SHARE DRAFTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0977779
IRS990ScheduleD/TotalLiabilityAmt039634092
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045585725
IRS990/TotalAssetsEOYAmt044964007
IRS990/TotalAssetsGrp/BOYAmt045585725
IRS990/TotalAssetsGrp/EOYAmt044964007
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01815802
IRS990/TotalFunctionalExpensesGrp/TotalAmt01955030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040581301
IRS990/TotalLiabilitiesEOYAmt039719326
IRS990/TotalLiabilitiesGrp/BOYAmt040581301
IRS990/TotalLiabilitiesGrp/EOYAmt039719326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05004424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05244681
IRS990/TotalProgramServiceRevenueAmt02049449
IRS990/TotalReportableCompFromOrgAmt0139228
IRS990/TotalRevenueGrp/ExclusionAmt0145838
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02049449
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02195287
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045585725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044964007
IRS990/TravelGrp/ProgramServicesAmt07098
IRS990/TravelGrp/TotalAmt07098
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.FIREFIGHTERSCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS R GOURDIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
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/ReturnTs02020-11-06T10:31:26-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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