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Sentry Credit Union FY2023 filing

Stevens Point, WIUnknown exempt organizationSince 1935EIN 39-1429665Revenue $5.9M in FY2023

On file with the IRSsentrycu.org1800 North Point Drive · Stevens Point, WI

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To deliver safe, competitive and convenient personal banking products, with exceptional service, to our members. As a trusted partner, our solid financial strength ensures members can rely US to assist toward attaining their financial goals while creating highly valued benefit.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $712K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
98 mo
of spending, in cash
Looks good: 98.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$121.7M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
+53% vs prior year
Spent
$4.6M
Net assets
$19.0M
By yearFY2020–FY2024
Revenue
$5.9M
FY2023▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$3.4M
FY2022$3.9M
FY2023$5.9M
FY2024$6.9M
Expenses
$4.6M
FY2023▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$2.9M
FY2022$3.2M
FY2023$4.6M
FY2024$6.6M
Net assets
$19.0M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.6M
FY2021$17.1M
FY2022$17.8M
FY2023$19.0M
FY2024$19.4M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Harry Rice
Secretary
$0Pt VII · Sec A
Mike Bilbrey
Treasurer
$0Pt VII · Sec A
Joe Morgan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sentry Credit Union executive salaries →

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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 15aYes

Programs and updates

Provides members with safe, convenient banking and financial guidance to achieve their goals.

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1 program · in their own filed words · FY2023
01

Holding deposits for and making loans to members

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$5.9M
Ln 12
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$18K
Money outPt IX
$4.6M
Ln 25
Owns and owesPt X
$19.0M
net assets · Ln 32
Cash and savingsLn 1–2$37.9M
Total assetsLn 16$140.8M
LiabilitiesLn 26$121.7M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$18K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$36.9M
Cash and savings togetherLn 1–2$37.9M
InvestmentsLn 11–13$983K
Land, buildings, equipmentLn 10c$100K
Other assetsLn 15$1.3M
Total assetsLn 16$140.8M
LiabilitiesLn 26$121.7M
Net assetsLn 32$19.0M
OperationsPt I, VI
EmployeesI 516
VolunteersI 611
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$50.6M$37.9M
InvestmentsLn 11–13$982K$983K
Land, buildings, equipmentLn 10c$121K$100K
Total assetsLn 16$136.9M$140.8M
LiabilitiesLn 26$119.1M$121.7M
Net assetsLn 32$17.8M$19.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$179K
Other salaries and wagesLn 7$890K
Other employee benefitsLn 9$384K
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$9K
Advertising and promotionLn 12$102K
Office expensesLn 13$90K
Information technologyLn 14$381K
OccupancyLn 16$42K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$18K
InterestLn 20$870
Depreciation, depletion and amortizationLn 22$56K
InsuranceLn 23$32K
Other expenses (24a–d)Ln 24$2.4M
All other expensesLn 24e$66K
Total functional expensesLn 25$4.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.9M$6.6M$345K$19.4M 990 PDF
FY2023 Viewing $5.9M$4.6M$1.2M$19.0M 990 PDF
FY2022 $3.9M$3.2M$648K$17.8M 990 PDF
FY2021 $3.4M$2.9M$523K$17.1M 990 PDF
FY2020 $3.7M$2.9M$802K$16.6M 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 FY2023 990 (6 parts)
Part I · Summary $5,872,022 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,076,416$4,064,449
I-10 Investment incomePrior year $756,015$1,789,573
I-11 Other revenuePrior year $18,000$18,000
I-12 Total revenuePrior year $3,850,431$5,872,022
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,437,353$1,452,450
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,765,184$3,179,398
I-18 Total expensesPrior year $3,202,537$4,631,848
I-19 Revenue less expensesPrior year $647,894$1,240,174
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,872,022 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,059,188 · Unrelated business $5,261$4,064,449
VIII-3 Investment incomeExcluded from tax $1,789,573$1,789,573
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,000$18,000
VIII-12 Total revenueRelated to mission $4,077,188 · Unrelated business $5,261 · Excluded from tax $1,789,573$5,872,022
Part IX · Statement of functional expenses $4,631,848 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$178,562
IX-7 Other salaries and wages$889,841
IX-9 Other employee benefits$384,047
IX-11c Accounting fees$12,098
IX-11g Other fees for services$9,425
IX-12 Advertising and promotion$101,678
IX-13 Office expenses$90,367
IX-14 Information technology$381,014
IX-16 Occupancy$42,030
IX-17 Travel$5,966
IX-19 Conferences, conventions and meetings$17,996
IX-20 Interest$870
IX-22 Depreciation, depletion and amortization$56,465
IX-23 Insurance$31,653
IX-24 Other expenses (24a–d)$2,364,092
IX-24e All other expenses$65,744
IX-25 Total functional expenses$4,631,848
Part X · Balance sheet $140,784,155 assets, 13 lines filed
Asset lines not itemized here account for $99,523,913; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,008,832$1,000,574
X-2 Savings and temporary cash investmentsStart of year $49,579,365$36,908,432
X-4 Accounts receivableStart of year $211,042$741,453
X-9 Prepaid expenses and deferred chargesStart of year $125,246$200,057
X-10c Land, buildings and equipment, netStart of year $120,538$100,396
X-13 Program-related investmentsStart of year $981,904$983,109
X-15 Other assetsStart of year $1,240,903$1,326,221
X-16 Total assetsStart of year $136,934,378$140,784,155
X-17 Accounts payable and accrued expensesStart of year $1,272,919$1,079,910
X-25 Other liabilitiesStart of year $117,863,962$120,666,574
X-26 Total liabilitiesStart of year $119,136,881$121,746,484
X-32 Total net assets or fund balancesStart of year $17,797,497$19,037,671
X-33 Total liabilities and net assetsStart of year $136,934,378$140,784,155
Part XI · Reconciliation of net assets $19,037,671 net assets at year end
XI-1 Total revenue$5,872,022
XI-2 Total expenses$4,631,848
XI-3 Revenue less expenses$1,240,174
XI-4 Net assets at start of year$17,797,497
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,037,671

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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