Area Credit Union
Nonprofit profile at a glance
- EIN
- 480672785
- IRS 990 coverage
- 2010–2016
- Forms available
- Form 990 2016
- Location
- Kansas City, KS, USA
- Phone
- 9133711345
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $226,544
- Expenses
- $233,529
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MARY WILLIAMS (PRESIDENT)
- MICHAEL BELL (VICE PRESIDENT)
- CYNTHIA OLSON (MANAGER/CEO)
Highest reported compensation
- CYNTHIA OLSON (MANAGER/CEO): $55,165 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the credit union.
What it reported doing in 2016
Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2016, there were 333 loans outstanding totaling $2,557,308.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 18
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 23.6%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -8.8% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -12.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 5 board members independent · 1 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $55K · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2010 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 16/100.