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Questa Credit Union FY2020 filing

Not tax-deductible

Questa, NMMutual-benefit / member-servingEIN 85-0161632

The credit union believes in developing and maintaining a long-term relationship with our members and helping them achieve their financial goals.

$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $476K a year · 36% 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
$60K
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
Cash reserves
111 mo
of spending, in cash
Looks good: 111.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.6M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
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
$777K
Spent
$482K
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$777K
FY2020
Revenue by fiscal year
FY2020$777K
FY2021$939K
FY2022$1.1M
FY2023$1.6M
FY2024$2.1M
Expenses
$482K
FY2020
Expenses by fiscal year
FY2020$482K
FY2021$578K
FY2022$687K
FY2023$954K
FY2024$1.5M
Net assets
$2.8M
FY2020
Net assets by fiscal year
FY2020$2.8M
FY2021$3.2M
FY2022$3.6M
FY2023$4.3M
FY2024$4.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CQuesta Credit Union
EINHdr · item D85-0161632
Exempt statusHdr · item I501(c)(14) · active
Ruling yearIRS BMFJan 1973
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CQuesta, NM
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jquestacreditunion.org

Financial health

Is it on solid ground?

Surplus margin
+38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$13.4M
FY2020
Total assets by fiscal year
FY2020$13.4M
FY2021$17.0M
FY2022$19.2M
FY2023$23.3M
FY2024$25.8M
Total liabilities
$10.6M
FY2020
Total liabilities by fiscal year
FY2020$10.6M
FY2021$13.8M
FY2022$15.6M
FY2023$19.0M
FY2024$20.9M
Revenue less expensesPt I · Ln 19$295K
Total assetsPt X · Ln 16$13.4M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$4.5M
Total assetsLn 16$13.4M
Total liabilitiesLn 26$10.6M
Total net assetsLn 32$2.8M
Months of cash on handcomputed111.1

Statement of Revenue

Part VIII
Program service revenue$772K · 99%
Investment income$5K · 1%
Program service revenue99%$772K
Investment income1%$5K
Total revenueLn 12$777K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.5M · Operating expenses/yr $482K
111.1 months
Where the money goes
Program services
Program services — · Total expenses $482K
—
Management & General
Management & general — · Total expenses $482K
—
Fundraising
Fundraising — · Total expenses $482K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $777K
0%
Government reliance
Government grants — · Total revenue $777K
—
Earned-income share
Program service revenue $772K · Total revenue $777K
99%
Investment reliance
Investment income $5K · Total revenue $777K
+0.7%
Program self-sufficiency
Program service revenue $772K · Total expenses $482K
160%
Growth & trend
Revenue growth (YoY)
This year $777K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $777K · Expenses $482K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $13.4M
—
Net-asset ratio
Net assets $2.8M · Total assets $13.4M
21%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katherine Flory · Reported title CEO · Highest reported compensation $60K · Total expenses $482K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $177K · Total expenses $482K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Legal fee ratio 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$60,000Pt VII · Sec A
Michelle Spears
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Malaquias Rael
Chairperson
$0Pt VII · Sec A
Cynthia Rael-Vigil
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Katherine Flory$90,000$81,052$65,180$62,884$60,000

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 Questa Credit Union executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps members achieve financial goals through long-term relationships.

Provided by the organization

This section is blank until Questa Credit Union claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2020.
01

The credit union issued dividends to members on deposit accounts during 2020 totaling approximately $28,700.

Pt IX · col B
02

The credit union increased the value of members equity by approximately $295,000 during 2020.

Pt IX · col B
03

Credit union staff issued 361 loans to members in 2020 with a combined total of $4,154,941.

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.1M$1.5M+29% 990 PDF
FY2023 $1.6M$954K+52% 990 PDF
FY2022 $1.1M$687K+15% 990 PDF
FY2021 $939K$578K+21% 990 PDF
FY2020 Viewing $777K$482K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $481,901 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$60,000
IX-7 Other salaries and wages$88,852
IX-9 Other employee benefits$15,332
IX-10 Payroll taxes$12,496
IX-11b Legal fees$47,518
IX-13 Office expenses$31,194
IX-16 Occupancy$9,770
IX-17 Travel$2,627
IX-20 Interest$28,685
IX-22 Depreciation, depletion and amortization$30,894
IX-23 Insurance$14,964
IX-24 Other expenses (24a–d)$124,509
IX-24e All other expenses$15,060
IX-25 Total functional expenses$481,901

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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