Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $69,614,549 · related or exempt $69,614,549

• 2b · Program service revenue: FEE INCOME

  total $17,478,909 · related or exempt $16,908,607 · unrelated business $570,302

• 2c · Program service revenue: OTHER INCOME

  total $2,343,213 · related or exempt $2,341,834 · unrelated business $1,379

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $5,119,112 · related or exempt $5,119,112

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $180,145

• 7c · Gain or loss

  securities $0 · other assets $180,145

• 7d · Net gain or loss

  total $180,145 · related or exempt $180,145

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $249,328

• 4 · Benefits paid to or for members

  total $20,269,960

• 5 · Compensation of officers, directors and key employees

  total $4,443,469

• 7 · Other salaries and wages

  total $21,535,300

• 8 · Pension plan contributions

  total $1,009,777

• 9 · Other employee benefits

  total $2,115,201

• 10 · Payroll taxes

  total $1,687,330

• 11b · Fees: legal

  total $136,860

• 11c · Fees: accounting

  total $250,800

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $1,197,237

• 13 · Office expenses

  total $8,074,407

• 16 · Occupancy

  total $2,315,609

• 19 · Conferences, conventions and meetings

  total $400,151

• 20 · Interest

  total $9,647,836

• 22 · Depreciation, depletion and amortization

  total $2,045,662

• 23 · Insurance

  total $347,145

• 24a · Other expenses: ATM/DEBIT CARD EXPENSES

  total $4,172,649

• 24b · Other expenses: ALL - PROVISIONS

  total $4,062,268

• 24c · Other expenses: MISCELLANEOUS

  total $2,793,479

• 24d · Other expenses: LOAN EXPENSES

  total $2,662,265

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,769,427 · end of year $27,860,148

• 2 · Savings and temporary cash investments

  beginning of year $15,364,345 · end of year $75,730,331

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $2,689,557 · end of year $2,649,762

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $1,359,785,614 · end of year $1,391,782,341

• 8 · Inventories for sale or use

  beginning of year $154,062 · end of year $158,980

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,495,660 · end of year $3,010,286

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

  $41,526,793

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

  $19,054,375

• 10c · Land, buildings and equipment, net

  beginning of year $23,221,516 · end of year $22,472,418

• 11 · Investments: publicly traded securities

  beginning of year $242,302,868 · end of year $219,458,798

• 12 · Investments: other securities

  beginning of year $12,146,979 · end of year $15,683,572

• 13 · Investments: program-related

  beginning of year $38,573,912 · end of year $22,216,902

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $6,805,745 · end of year $8,674,127

• 17 · Accounts payable and accrued expenses

  beginning of year $9,322,059 · end of year $7,552,810

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $184,886,505 · end of year $185,000,000

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $13,518,791 · end of year $11,923,794

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,391,657,176 · end of year $1,445,661,771

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

  beginning of year $78,889,031 · end of year $88,380,310

• 31 · Retained earnings, endowment or other funds

  beginning of year $51,036,123 · end of year $51,178,980

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE PRESIDENT/CEO, CHIEF OPERATING OFFICER, CHIEF STRATEGY OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF LENDING OFFICER PARTICIPATE IN A NON QUALIFIED SERP PLAN THAT PAYS OUT UPON RETIREMENT AND HAS SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN ARE REPORTED AS THEY ARE ACCRUED. IN 2023, PAYOUTS FROM THE PLAN WERE AS FOLLOWS: AMY SINK $ 349,689 ANDY MARSHALL $ 440,475 PHIL WIENS $ 182,891 IN 2023, CONTRIBUTIONS TO THE PLAN WERE AS FOLLOWS: AMY SINK $ 459,625 ANDY MARSHALL $ 115,006 DAVID BIRKY $ 73,202 JIM HENNING $ 78,433 PHIL WIENS $ 73,239

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MEMBERS FINANCIAL MANAGEMENT CENTER INC

  C Corporation · FINANCIAL PRO · IN · 100% owned · share of income $1,213 · share of assets $244,721 · controlled entity

  Directly controlled by INTERRA CU