Questa Credit Union FY2021 filing

Not tax-deductible

Questa, NMMutual-benefit / member-servingEIN 85-0161632Revenue $939K in FY2021

On file with the IRSquestacreditunion.org2433 Hwy 522, 87556-0000 · Questa, NMTax-exempt since Jan 1973

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

100¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
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
$63K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
133 mo
of spending, in cash
Looks good: 132.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.8M
81% of total assets
Concern: liabilities are 81% 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
$939K
+21% vs prior year
Spent
$578K
To programs
100%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$939K
FY2021▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$777K
FY2021$939K
FY2022$1.1M
FY2023$1.6M
FY2024$2.1M
Expenses
$578K
FY2021▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$482K
FY2021$578K
FY2022$687K
FY2023$954K
FY2024$1.5M
Net assets
$3.2M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$3.2M
FY2022$3.6M
FY2023$4.3M
FY2024$4.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 ruling in Jan 1973.

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% · $578K

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

8 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
$62,884Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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 · 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.

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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

Helps members achieve financial goals through long-term relationships.

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3 programs · in their own filed words · FY2021
01

The credit union increased the value of member's equity by approximately $ 361,000 in 2021

Pt IX · col B
02

The credit union issued 338 loans to members with a combined total of $5,318,001.

Pt IX · col B
03

The credit union issued to members during 2021 dividends totaling $33,253

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$939K
Ln 12
Fees for servicesLn 2g$932K
Investment incomeLn 3$7K
Money outPt IX
$578K
Ln 25
Programscol B$578K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$17.0M
LiabilitiesLn 26$13.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$932K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$939K
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$6.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$455K
Other assetsLn 15$135K
Total assetsLn 16$17.0M
LiabilitiesLn 26$13.8M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.5M$6.4M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$482K$455K
Total assetsLn 16$13.4M$17.0M
LiabilitiesLn 26$10.6M$13.8M
Net assetsLn 32$2.8M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$63K$63K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$102K$102K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$18K$18K$0$0
Payroll taxesLn 10$14K$14K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$13K$13K$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$31K$31K$0$0
Information technologyLn 14$43K$43K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$6K$6K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$33K$33K$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$31K$31K$0$0
InsuranceLn 23$15K$15K$0$0
Other expenses (24a–d)Ln 24$176K$176K$0$0
All other expensesLn 24e$31K$31K$0$0
Total functional expensesLn 25$578K$578K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.1M$1.5M$630K$4.9M 990 PDF
FY2023 $1.6M$954K$695K$4.3M 990 PDF
FY2022 $1.1M$687K$396K$3.6M 990 PDF
FY2021 Viewing $939K$578K$361K$3.2M 990 PDF
FY2020 $777K$482K$295K$2.8M 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 FY2021 990 (6 parts)
Part I · Summary $938,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $771,692$931,860
I-10 Investment incomePrior year $5,135$7,118
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $776,827$938,978
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 $176,680$196,852
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $305,221$381,219
I-18 Total expensesPrior year $481,901$578,071
I-19 Revenue less expensesPrior year $294,926$360,907
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $938,978 across 16 lines filed
Lines not itemized here account for $37,877 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $893,983 · Unrelated business $0 · Excluded from tax $0$893,983
VIII-3 Investment incomeRelated to mission $7,118 · Unrelated business $0 · Excluded from tax $0$7,118
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $938,978 · Unrelated business $0 · Excluded from tax $0$938,978
Part IX · Statement of functional expenses $578,071 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $62,884 · Management $0 · Fundraising $0$62,884
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $102,236 · Management $0 · Fundraising $0$102,236
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $17,906 · Management $0 · Fundraising $0$17,906
IX-10 Payroll taxesPrograms $13,826 · Management $0 · Fundraising $0$13,826
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $2,153 · Management $0 · Fundraising $0$2,153
IX-11c Accounting feesPrograms $12,741 · Management $0 · Fundraising $0$12,741
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $31,258 · Management $0 · Fundraising $0$31,258
IX-14 Information technologyPrograms $43,442 · Management $0 · Fundraising $0$43,442
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $5,972 · Management $0 · Fundraising $0$5,972
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $33,254 · Management $0 · Fundraising $0$33,254
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $30,985 · Management $0 · Fundraising $0$30,985
IX-23 InsurancePrograms $15,151 · Management $0 · Fundraising $0$15,151
IX-24 Other expenses (24a–d)Programs $175,680 · Management $0 · Fundraising $0$175,680
IX-24e All other expensesPrograms $30,583 · Management $0 · Fundraising $0$30,583
IX-25 Total functional expensesPrograms $578,071 · Management $0 · Fundraising $0$578,071
Part X · Balance sheet $17,006,111 assets, 22 lines filed
Asset lines not itemized here account for $10,008,420; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $162,747$1,425,658
X-2 Savings and temporary cash investmentsStart of year $4,297,187$4,963,076
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $19,240$19,153
X-10c Land, buildings and equipment, netStart of year $481,855$454,930
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $109,769$134,874
X-16 Total assetsStart of year $13,432,403$17,006,111
X-17 Accounts payable and accrued expensesStart of year $46,784$55,224
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $10,549,611$13,753,970
X-26 Total liabilitiesStart of year $10,596,395$13,809,194
X-32 Total net assets or fund balancesStart of year $2,836,008$3,196,917
X-33 Total liabilities and net assetsStart of year $13,432,403$17,006,111
Part XI · Reconciliation of net assets $3,196,917 net assets at year end
XI-1 Total revenue$938,978
XI-2 Total expenses$578,071
XI-3 Revenue less expenses$360,907
XI-4 Net assets at start of year$2,836,008
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$2
XI-10 Net assets at end of year$3,196,917

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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