Adm Credit Union

Decatur, ILUnknown exempt organizationEIN 37-0769914Revenue $178K in FY2022

On file with the IRSadmcu.com3695 E William Street Rd · Decatur, IL

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Adm Credit Union was organized to meet the financial needs of employees of the company. IT is member owned and is operated by a volunteer board of directors elected by the membership.

Run by 8 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $19K a year · 3% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$178K
-78% vs prior year
Spent
$193K
To programs
0%
Net assets
$0
By yearFY2020–FY2022
Revenue
$178K
FY2022▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$832K
FY2021$795K
FY2022$178K
Expenses
$193K
FY2022▼ -77%
Tap a bar for its year
Expenses by fiscal year
FY2020$831K
FY2021$839K
FY2022$193K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$0

From the FY2022 Form 990 (year ending March 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$22,391Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Ann Wildman$22,391$78,305$74,248

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial services to company employees, owned and run by members.

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1 program · in their own filed words · FY2022
01

The credit union services in excess of 3,100 member share type accounts and 660 loan accounts.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$178K
Ln 12
Fees for servicesLn 2g$167K
Investment incomeLn 3$12K
Money outPt IX
$193K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$167K
Investment incomeLn 3$12K
Total revenueLn 12$178K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 510
VolunteersI 68
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Total assetsLn 16$16.7M$0
LiabilitiesLn 26$14.1M$0
Net assetsLn 32$2.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$0$0$0
Other salaries and wagesLn 7$35K$0$0$0
Pension plan contributionsLn 8$4K$0$0$0
Other employee benefitsLn 9$17K$0$0$0
Payroll taxesLn 10$5K$0$0$0
Legal feesLn 11b$37$0$0$0
Accounting feesLn 11c$7K$0$0$0
Other fees for servicesLn 11g$449$0$0$0
Advertising and promotionLn 12$701$0$0$0
Office expensesLn 13$20K$0$0$0
Information technologyLn 14$13K$0$0$0
OccupancyLn 16$11K$0$0$0
TravelLn 17$20$0$0$0
Conferences, conventions and meetingsLn 19$19$0$0$0
Depreciation, depletion and amortizationLn 22$8K$0$0$0
InsuranceLn 23$2K$0$0$0
Other expenses (24a–d)Ln 24$40K$0$0$0
All other expensesLn 24e$1K$0$0$0
Total functional expensesLn 25$193K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $178K$193K−$15K$0 990 PDF
FY2021 $795K$839K−$44K$2.6M 990 PDF
FY2020 $832K$831K$881$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $178,439 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $656,704$166,836
I-10 Investment incomePrior year $55,175$11,603
I-11 Other revenuePrior year $83,548$0
I-12 Total revenuePrior year $795,427$178,439
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $380,676$88,646
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $458,741$104,346
I-18 Total expensesPrior year $839,417$192,992
I-19 Revenue less expensesPrior year −$43,990−$14,553
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $178,439 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$166,836
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$11,603
VIII-12 Total revenueRelated to mission $178,439 · Unrelated business $0 · Excluded from tax $0$178,439
Part IX · Statement of functional expenses $192,992 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$28,178
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$34,970
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$4,072
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$16,671
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$4,755
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$37
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$7,273
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$449
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$701
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$20,488
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$13,111
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$10,522
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$20
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$19
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$8,388
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$2,220
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$39,995
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$1,123
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$192,992
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $16,716,495$0
X-26 Total liabilitiesStart of year $14,137,641$0
X-32 Total net assets or fund balancesStart of year $2,578,854$0
X-33 Total liabilities and net assetsStart of year $16,716,495$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$178,439
XI-2 Total expenses$192,992
XI-3 Revenue less expenses−$14,553
XI-4 Net assets at start of year$2,578,854
XI-5 Net unrealized gains (losses) on investments$5,951
XI-9 Other changes in net assets−$2,570,252
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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