Intrepid Credit Union FY2020 filing

Helena, MTUnknown exempt organizationSince 1936 EIN 81-0232791Revenue $10.3M in FY2020

On file with the IRSintrepidcu.org915 Kessler Street · Helena, MT

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Consumer (member) financial services.

$170K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · 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 $1.4M a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$170K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
39 mo
of spending, in cash
Looks good: 39.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$220.4M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.3M
Spent
$9.3M
Net assets
$24.8M
By yearFY2020–FY2024
Revenue
$10.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.3M
FY2021$11.2M
FY2022$12.5M
FY2023$17.3M
FY2024$18.5M
Expenses
$9.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.3M
FY2021$9.0M
FY2022$10.6M
FY2023$15.8M
FY2024$17.9M
Net assets
$24.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$24.8M
FY2021$26.9M
FY2022$28.4M
FY2023$31.5M
FY2024$32.0M

From the FY2020 Form 990 · see the original

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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

8 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$169,646Pt VII · Sec A
Vice-Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Greg Strizich$254,760$252,842$251,417$179,908$169,646
Tavish Taylor$179,043$149,491———
Tracy Kuehn——$177,553——
Ashley Stewart$130,693$107,871———
Steven Howke——$118,595——
Lisa Tinker$118,085$113,717———
William Bennett—$114,244———
Lyn Walker———$108,941—

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 15aYes

Programs and updates

Provides financial services and advice to consumers.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Intrepid credit union provides a wide variety of financial services. Additional services include mutual, membership benefit programs, counseling, financial education, newsletters, deposit and loan insurance protection, and consumer information.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.3M
Ln 12
Fees for servicesLn 2g$9.7M
Investment incomeLn 3$610K
Other incomeLn 4–11$4K
Money outPt IX
$9.3M
Ln 25
Owns and owesPt X
$24.8M
net assets · Ln 32
Cash and savingsLn 1–2$30.1M
Total assetsLn 16$245.2M
LiabilitiesLn 26$220.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.7M
Investment incomeLn 3$610K
Other incomeLn 4–11$4K
Gains on assetsLn 7$10K
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$28.3M
Cash and savings togetherLn 1–2$30.1M
InvestmentsLn 11–13$28.5M
Land, buildings, equipmentLn 10c$13.4M
Other assetsLn 15$2.5M
Total assetsLn 16$245.2M
LiabilitiesLn 26$220.4M
Net assetsLn 32$24.8M
OperationsPt I, VI
EmployeesI 598
VolunteersI 68
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 FY20End FY20
Cash and savingsLn 1–2$12.8M$30.1M
InvestmentsLn 11–13$26.3M$28.5M
Land, buildings, equipmentLn 10c$7.1M$13.4M
Total assetsLn 16$209.0M$245.2M
LiabilitiesLn 26$185.2M$220.4M
Net assetsLn 32$23.8M$24.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.2M
Pay of current officers, directors and key staffLn 5$189K
Other salaries and wagesLn 7$3.3M
Pension plan contributionsLn 8$140K
Other employee benefitsLn 9$296K
Payroll taxesLn 10$270K
Legal feesLn 11b$19K
Accounting feesLn 11c$596K
Other fees for servicesLn 11g$345K
Advertising and promotionLn 12$328K
Office expensesLn 13$335K
Information technologyLn 14$150K
OccupancyLn 16$617K
TravelLn 17$32K
Depreciation, depletion and amortizationLn 22$383K
InsuranceLn 23$60K
Other expenses (24a–d)Ln 24$811K
All other expensesLn 24e$179K
Total functional expensesLn 25$9.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18.5M$17.9M$603K$32.0M 990 PDF
FY2023 $17.3M$15.8M$1.5M$31.5M 990 PDF
FY2022 $12.5M$10.6M$1.9M$28.4M 990 PDF
FY2021 $11.2M$9.0M$2.2M$26.9M 990 PDF
FY2020 Viewing $10.3M$9.3M$1.0M$24.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $10,263,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $9,197,513$9,650,009
I-10 Investment incomePrior year $830,025$610,260
I-11 Other revenuePrior year $0$3,672
I-12 Total revenuePrior year $10,027,538$10,263,941
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,163,178$1,182,252
I-15 Salaries and benefitsPrior year $4,126,858$4,221,949
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,071,011$3,854,830
I-18 Total expensesPrior year $9,361,047$9,259,031
I-19 Revenue less expensesPrior year $666,491$1,004,910
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $10,263,941 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,638,432 · Unrelated business $11,577$9,650,009
VIII-3 Investment incomeExcluded from tax $600,395$600,395
VIII-6 Net rental income or lossExcluded from tax $3,672$3,672
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,865$9,865
VIII-12 Total revenueRelated to mission $9,648,297 · Unrelated business $11,577 · Excluded from tax $604,067$10,263,941
Part IX · Statement of functional expenses $9,259,031 across 18 lines filed
IX-4 Benefits paid to or for members$1,182,252
IX-5 Pay of current officers, directors and key staff$189,429
IX-7 Other salaries and wages$3,326,599
IX-8 Pension plan contributions$139,672
IX-9 Other employee benefits$296,421
IX-10 Payroll taxes$269,828
IX-11b Legal fees$18,520
IX-11c Accounting fees$595,624
IX-11g Other fees for services$345,067
IX-12 Advertising and promotion$327,678
IX-13 Office expenses$334,684
IX-14 Information technology$150,298
IX-16 Occupancy$617,219
IX-17 Travel$32,151
IX-22 Depreciation, depletion and amortization$383,114
IX-23 Insurance$60,480
IX-24 Other expenses (24a–d)$811,291
IX-24e All other expenses$178,704
IX-25 Total functional expenses$9,259,031
Part X · Balance sheet $245,162,712 assets, 15 lines filed
Asset lines not itemized here account for $168,830,395; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,677,056$1,785,155
X-2 Savings and temporary cash investmentsStart of year $11,087,356$28,339,377
X-4 Accounts receivableStart of year $23,224$44,276
X-9 Prepaid expenses and deferred chargesStart of year $1,709,698$1,525,046
X-10c Land, buildings and equipment, netStart of year $7,124,712$13,392,650
X-11 Publicly traded securitiesStart of year $12,627,060$11,609,496
X-12 Other securitiesStart of year $13,704,166$16,865,193
X-14 Intangible assetsStart of year $234,502$234,502
X-15 Other assetsStart of year $2,375,564$2,536,622
X-16 Total assetsStart of year $209,028,075$245,162,712
X-17 Accounts payable and accrued expensesStart of year $173,945$636,509
X-25 Other liabilitiesStart of year $185,061,324$219,715,693
X-26 Total liabilitiesStart of year $185,235,269$220,352,202
X-32 Total net assets or fund balancesStart of year $23,792,806$24,810,510
X-33 Total liabilities and net assetsStart of year $209,028,075$245,162,712
Part XI · Reconciliation of net assets $24,810,510 net assets at year end
XI-1 Total revenue$10,263,941
XI-2 Total expenses$9,259,031
XI-3 Revenue less expenses$1,004,910
XI-4 Net assets at start of year$23,792,806
XI-5 Net unrealized gains (losses) on investments$12,794
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,810,510

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

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