Dillon Credit Union FY2020 filing

Hutchinson, KSUnknown exempt organizationSince 1958EIN 48-6108739

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Provide financial services for mutual purposes

100¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $648K a year · 20% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
80 mo
of spending, in cash
Looks good: 79.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$43.6M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
Spent
$1.9M
To programs
100%
Net assets
$7.5M
By yearFY2020–FY2025
Revenue
$2.6M
FY2020
Revenue by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.5M
FY2023$3.2M
FY2024$4.0M
FY2025$4.6M
Expenses
$1.9M
FY2020
Expenses by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$2.1M
FY2023$2.7M
FY2024$3.3M
FY2025$3.7M
Net assets
$7.5M
FY2020
Net assets by fiscal year
FY2020$7.5M
FY2021$8.2M
FY2022$8.5M
FY2023$9.0M
FY2024$9.7M
FY2025$10.6M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation
$105,882Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenneth Scherer$124,296$115,843$111,959$107,048$102,356$105,882

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.

See Dillon 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

Offers financial services to help people achieve shared goals.

Provided by the organization

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1 program · $1.9M · in their own filed words · FY2020
01

Provide a source of credit and other financial related services to 4,684 members

$1.9Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$105K
Other incomeLn 4–11$3K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.9M
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$12.9M
Total assetsLn 16$51.0M
LiabilitiesLn 26$43.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$105K
Other incomeLn 4–11$3K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$294K
SavingsLn 2$12.6M
Cash and savings togetherLn 1–2$12.9M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$1.6M
Total assetsLn 16$51.0M
LiabilitiesLn 26$43.6M
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$6.3M$12.9M
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$39.9M$51.0M
LiabilitiesLn 26$33.1M$43.6M
Net assetsLn 32$6.8M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$106K
Other salaries and wagesLn 7$543K$543K
Other employee benefitsLn 9$116K$116K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$316K$316K
OccupancyLn 16$80K$80K
TravelLn 17$9K$9K
InterestLn 20$322K$322K
Depreciation, depletion and amortizationLn 22$79K$79K
Other expenses (24a–d)Ln 24$334K$334K
All other expensesLn 24e$33K$33K
Total functional expensesLn 25$1.9M$1.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$3.7M$884K$10.6M 990 PDF
FY2024 $4.0M$3.3M$697K$9.7M 990 PDF
FY2023 $3.2M$2.7M$537K$9.0M 990 PDF
FY2022 $2.5M$2.1M$375K$8.5M 990 PDF
FY2021 $2.6M$1.9M$707K$8.2M 990 PDF
FY2020 Viewing $2.6M$1.9M$689K$7.5M 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 FY2020 990 (5 parts)
Part I · Summary $2,636,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,082,183$2,528,631
I-10 Investment incomePrior year $122,541$104,757
I-11 Other revenuePrior year $2,409$2,639
I-12 Total revenuePrior year $2,207,133$2,636,027
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 $710,439$764,968
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,140,998$1,181,803
I-18 Total expensesPrior year $1,851,437$1,946,771
I-19 Revenue less expensesPrior year $355,696$689,256
Part VIII · Statement of revenue $2,636,027 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,528,631$2,528,631
VIII-3 Investment incomeExcluded from tax $104,757$104,757
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $2,639$2,639
VIII-12 Total revenueRelated to mission $2,528,631 · Unrelated business $2,639 · Excluded from tax $104,757$2,636,027
Part IX · Statement of functional expenses $1,946,771 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,882$105,882
IX-7 Other salaries and wagesPrograms $542,941$542,941
IX-9 Other employee benefitsPrograms $116,145$116,145
IX-11g Other fees for servicesPrograms $8,242$8,242
IX-13 Office expensesPrograms $316,076$316,076
IX-16 OccupancyPrograms $80,064$80,064
IX-17 TravelPrograms $8,660$8,660
IX-20 InterestPrograms $322,411$322,411
IX-22 Depreciation, depletion and amortizationPrograms $79,362$79,362
IX-24 Other expenses (24a–d)Programs $333,986$333,986
IX-24e All other expensesPrograms $33,002$33,002
IX-25 Total functional expensesPrograms $1,946,771 · Management $0 · Fundraising $0$1,946,771
Part X · Balance sheet $51,030,008 assets, 10 lines filed
Asset lines not itemized here account for $35,394,675; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $275,786$293,628
X-2 Savings and temporary cash investmentsStart of year $6,001,909$12,649,924
X-10c Land, buildings and equipment, netStart of year $1,110,843$1,069,404
X-15 Other assetsStart of year $530,853$1,622,377
X-16 Total assetsStart of year $39,863,710$51,030,008
X-17 Accounts payable and accrued expensesStart of year $304,077$560,343
X-25 Other liabilitiesStart of year $32,796,945$43,017,721
X-26 Total liabilitiesStart of year $33,101,022$43,578,064
X-32 Total net assets or fund balancesStart of year $6,762,688$7,451,944
X-33 Total liabilities and net assetsStart of year $39,863,710$51,030,008
Part XI · Reconciliation of net assets $7,451,944 net assets at year end
XI-1 Total revenue$2,636,027
XI-2 Total expenses$1,946,771
XI-3 Revenue less expenses$689,256
XI-4 Net assets at start of year$6,762,688
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,451,944

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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