Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $8,194,333 · related or exempt $8,194,333

• 2b · Program service revenue: OTHER INCOME

  total $1,758,433 · related or exempt $1,758,433

• 2c · Program service revenue: SERVICE FEES

  total $858,734 · related or exempt $849,613 · unrelated business $9,121

• 3 · Investment income

  total $5,791,704 · excluded $5,791,704

• 7a · Gross sales of assets other than inventory

  other assets $20,440

• 7b · Less cost or other basis and sales expenses

  other assets $19,936

• 7c · Gain or loss

  other assets $504

• 7d · Net gain or loss

  total $504 · excluded $504

• 11a · Other revenue: OTHER INTEREST INCOME

  total $21,843 · related or exempt $21,843

• 11e · Other revenue, total

  $21,843

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $117,685

• 4 · Benefits paid to or for members

  total $3,368,606

• 5 · Compensation of officers, directors and key employees

  total $1,458,770

• 7 · Other salaries and wages

  total $2,795,678

• 8 · Pension plan contributions

  total $134,059

• 9 · Other employee benefits

  total $464,625

• 10 · Payroll taxes

  total $319,589

• 11b · Fees: legal

  total $19,381

• 11c · Fees: accounting

  total $153,000

• 11g · Fees: other

  total $857,643

• 13 · Office expenses

  total $1,330,227

• 16 · Occupancy

  total $293,239

• 17 · Travel

  total $93,841

• 20 · Interest

  total $2,043,186

• 22 · Depreciation, depletion and amortization

  total $476,000

• 24a · Other expenses: CREDIT LOSS EXPENSE

  total $516,809

• 24b · Other expenses: LOAN SERVICING

  total $475,962

• 24c · Other expenses: EDUCATION

  total $282,105

• 24d · Other expenses: MISCELLANEOUS

  total $56,944

• 24e · All other expenses

  total $27,131

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,982,349 · end of year $4,591,830

• 2 · Savings and temporary cash investments

  beginning of year $7,981,918 · end of year $21,895,757

• 4 · Accounts receivable

  beginning of year $446,583 · end of year $319,554

• 5 · Loans and receivables from officers and key people

  beginning of year $5,512,956 · end of year $5,573,620

• 7 · Other notes and loans receivable

  beginning of year $171,947,843 · end of year $183,058,362

• 9 · Prepaid expenses and deferred charges

  beginning of year $231,867 · end of year $498,184

• 10a · Land, buildings and equipment: cost or other basis

  $13,713,928

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,095,852

• 10c · Land, buildings and equipment, net

  beginning of year $6,780,899 · end of year $6,618,076

• 12 · Investments: other securities

  beginning of year $98,431,063 · end of year $96,214,409

• 14 · Intangible assets

  beginning of year $242,424 · end of year $229,437

• 15 · Other assets

  beginning of year $3,352,698 · end of year $3,670,260

• 17 · Accounts payable and accrued expenses

  beginning of year $2,903,541 · end of year $3,477,542

• 23 · Secured mortgages and notes payable

  beginning of year $5,000,000 · end of year $10,500,000

• 25 · Other liabilities

  beginning of year $273,896,942 · end of year $287,466,300

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $18,110,117 · end of year $21,225,647

The filer's explanations (Part III)

PART I, LINE 1A

ALL EMPLOYEES CAN RECEIVE CREDIT TOWARDS A YMCA MEMBERSHIP. THEY RECEIVE $12.50 A MONTH AS LONG AS THEY MAINTAIN THEIR MEMBERSHIP. THE AMOUNT IS INCLUDED IN THEIR TAXABLE COMPENSATION.

PART I, LINE 3

BOARD OF DIRECTORS REVIEWS CEO'S COMPENSATION AND LOOK AT SURVEYS FROM CUNA AND THE WISCONSIN CREDIT UNION LEAGUE. THE CEO AND MANAGEMENT TEAM REVIEW ALL OTHER EMPLOYEES AND BASES COMPENSATION ON THE SURVEYS AND JOB PERFORMANCE. ALL COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE FILES.