2015-11-13T13:23:54-06:00 2014-12-31 420714325 RSM US LLP 201 NORTH HARRISON DAVENPORT IA 52801 990 2014-01-01 237382708 SOUTHWESTERN AUTOMATED CLEARING HOUSE ASSOCIATION SOUT 2149540585 1999 BRYAN STREET NO 3600 DALLAS TX 75201 LAURA STEELE CEO 2149540585 2015-11-13 1 JOHN ROMANO P00227323 5638884000 2014 2016-04-25 22:37:26Z LAURA STEELE 1999 BRYAN STREET SUITE 3600 DALLAS TX 75201 2927650 0 X WWW.SWACHA.ORG X 1974 TX ORGANIZATION PROVIDES EDUCATION, TRAINING AND SUPPORT ON BOTH THE OPERATIONAL AND MARKETING ASPECTS OF AUTOMATED CLEARING AND ELECTRONIC FUNDS TRANSFER SYSTEMS TO MEMBER BANKS, S&L'S, AND CREDIT UNIONS. THE SEMINARS AND WORKSHOPS ALSO OFFER MEMBERS OPPORTUNITIES TO EXCHANGE IDEAS AND FURTHER SWACHA'S EDUCATIONAL PURPOSE. 15 15 16 25 0 0 2198465 2211582 581660 693588 2101 1674 0 219 2782226 2907063 0 0 0 0 1687731 1765787 0 0 0 1307008 1272946 2994739 3038733 -212513 -131670 1793572 1695483 646009 679590 1147563 1015893 X ORGANIZATION PROVIDES EDUCATION, TRAINING AND SUPPORT ON BOTH THE OPERATIONAL AND MARKETING ASPECTS OF AUTOMATED CLEARING AND ELECTRONIC FUNDS TRANSFER SYSTEMS TO MEMBER BANKS, S&L'S, AND CREDIT UNIONS. THE SEMINARS AND WORKSHOPS ALSO OFFER MEMBERS OPPORTUNITIES TO EXCHANGE IDEAS AND FURTHER SWACHA'S EDUCATIONAL PURPOSE. 0 0 WORKSHOPS AND TELESEMINARS PROVIDE SUPPORT TO MEMBERS TO FURTHER THEEDUCATION PURPOSE OF ITS MEMBERS.1 CONFERENCE - 91 TOTAL ATTENDEES44 WORKSHOPS - 327 ATTENDEES156 WEBINARS - 4,515 PARTICIPANTS PUBLICATION SALES EDUCATE AND ASSIST MEMBER AND NON-MEMBER ORGANIZATIONS IN THE AREAS OF ACH AND ELECTRONIC FUND TRANSFERS. 10,252 PUBLICATIONS SOLD RISK MANAGEMENT INFORMS MEMBERS OF ISSUES RELATING TO BANK SECURITY AND FRAUDULENT ACTIVITIES. ROBBERY REWARD ENCOURAGES MEMBERS TO ASSIST IN THE APPREHENSION OF CRIMINALS.5 FBI CRIME DAY EVENTS - 396 ATTENDEES27 FRAUD COMMITTEE MEETINGS - 742 ATTENDEES ANSWERLINE - A HOTLINE FOR MEMBERS TO ASK ACH AND OTHER PAYMENT QUESTIONS. QUESTIONS GENERALLY ARE ABOUT THE ACH RULES AND COMPLIANCE. THERE WERE 2,793 CALLS IN 2014. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 13 0 1 16 1 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 TX X SWACHA CATHY JONES 2144384508 1999 BRYAN STREET SUITE 3600 DALLAS TX 75201 BEN MCANALLY BOARD MEMBER 0.00 X 0 0 0 CHET KIMMELL BOARD MEMBER 0.00 X 0 0 0 KATHY GARNER BOARD MEMBER 0.00 X 0 0 0 MILTON S MCGEE JR BOARD MEMBER 0.00 X 0 0 0 WOODY SCHICK BOARD MEMBER 0.00 X 0 0 0 JEFF FOOTE BOARD MEMBER 0.00 X 0 0 0 GARY BICKNELL BOARD MEMBER 0.00 X 0 0 0 CHRIS DOYLE BOARD MEMBER 0.00 X 0 0 0 KEN CLAYTON BOARD MEMBER 0.00 X 0 0 0 RHONDA FESTERVAND BOARD MEMBER 0.00 X 0 0 0 BRANDY YOUNG BOARD MEMBER 0.00 X 0 0 0 PETER DAVEY BOARD MEMBER 0.00 X 0 0 0 DONOVAN SHAND BOARD MEMBER 0.00 X 0 0 0 RHONDA KLEINECKE BOARD SECRETARY/TREASURER 0.00 X 0 0 0 MARTIN BELL BOARD VICE CHAIRMAN 0.00 X 0 0 0 CHARLIE SCHUCHARDT BOARD CHAIRMAN 0.00 X 0 0 0 DENNIS SIMMONS PRESIDENT/CEO 40.00 X 232212 0 44333 LAURA STEELE CEO 40.00 X 178750 0 17877 TIM QUISENBERRY SVP - MEMBER SERVICES 40.00 X 115000 0 21947 525962 0 84157 3 0 1 0 INSPERITY 545 E JOHN CARPENTER FWY 1200 IRVING TX 75062 PEO SALARIES AND BENEFITS 1634576 NACHA 2550 WASSER TERRACE HERDON VA 20170 ASSOCIATION 288059 PRINCIPAL FINANCIAL PO BOX 30429 RALEIGH NC 27622 RETIREMENT PLANS 230969 FPG-DMT HARWOOD CENTER 1999 BRYAN STREET DALLAS TX 75201 PROPERTY MANAGER-RENT AND BUILDING 197855 4 2211582 2211582 SEMINARS 611710 412854 412854 PUBLICATIONS 611710 263265 263265 RISK MANAGEMENT 611710 17469 17469 693588 2261 2261 20000 20587 -587 -587 -587 OTHER INCOME 900099 219 219 219 2907063 693220 0 2261 473171 1292616 3232 19750 12463 201049 134828 174280 200095 145581 31236 3045 DATA PROCESSING 127391 NACHA DUES 72618 REPAIRS AND MAINTENANCE 54835 TELEPHONE 27947 64596 3038733 577733 462914 750000 700000 154302 274627 4672 4408 301636 300822 646042 616034 58846 30008 -53617 -77296 1793572 1695483 627643 653101 18366 26489 646009 679590 X 1147563 1015893 1147563 1015893 1793572 1695483 -131670 0 X X 0 1 X 1 0 0 1 0 164816 144858 19958 481226 471176 10050 30008 X PART X, LINE 2: MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. X X X 0 1 0 DENNIS SIMMONS PRESIDENT/CEO 193500 0 35000 0 3712 0 31010 0 13323 0 276545 0 0 0 LAURA STEELE CEO 160000 0 18750 0 0 0 8000 0 9877 0 196627 0 0 0 PART I, LINE 4B DENNIS SIMMONS: $17,500 DOUG SIMMONS PRESIDENT'S SON 20000 CAR WAS SOLD TO PRESIDENT'S SON. 0 FORM 990, PART VI, SECTION A, LINE 6 THE "OWNERS" OF THE ASSOCIATION ARE FEDERALLY INSURED DEPOSITORY INSTITUTIONS WHO MAINTAIN MEMBERSHIPS IN THE TRADE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE "OWNERS" OF THE ASSOCIATION ARE FEDERALLY INSURED DEPOSITORY INSTITUTIONS WHO MAINTAIN MEMBERSHIP IN THE TRADE ASSOCIATION AND ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B VERBAL REPORTS OF COMMITTEE ACTIONS SUCH AS THE AUDIT COMMITTEE OR COMPENSATION COMMITTEE ARE MADE TO THE BOARD AT ITS REGULAR MEETINGS. THESE REPORTS ARE THEN DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT BETWEEN BOARD MEETINGS AND, IF ACTIONS ARE TAKEN BETWEEN MEETINGS, THOSE ACTIONS ARE REFLECTED IN MINUTES OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS DOES NOT REVIEW THE 990 PRIOR TO BEING FILED. THE INFORMATION FOR FORM 990 IS REVIEWED IN DETAIL BY THE PRESIDENT AND CEO AND THE PERSON RESPONSIBLE FOR THE FINANCIAL RECORDS PRIOR TO SUBMISSION TO AN INDEPENDENT TAX PREPARER. THE COMPLETED 990 IS ALSO REVIEWED BY THE SAME TWO PARTIES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY MEMBER ANNUAL QUESTIONNAIRE WILL BE COMPLETED ON AN ANNUAL BASIS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A COMPARATIVE ANALYSIS OF THE CHIEF STAFF OFFICER IS PERFORMED ANNUALLY USING INFORMATION FROM THE SALARY SURVEYS OF THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE). A MATRIX IS PREPARED THAT ANALYZES THE SALARY OF COMPARABLE CEOS RELATING TO STAFF SIZE, ANNUAL OPERATING BUDGETS, INDUSTRY SERVED AND GEOGRAPHIC LOCATION. THE MATRIX CONTAINS THE AVERAGE, MEDIAN, LOWER QUARTILE AND TOP QUARTILE OF TOTAL CEO COMPENSATION. THE BOARD OF DIRECTORS REVIEWS THIS MATRIX AND APPROVES THE CEO TOTAL COMPENSATION PACKAGE. A COMPARATIVE ANALYSIS OF THE ORGANIZATION'S OFFICERS WAS PERFORMED IN 2014 USING INFORMATION FROM THE SALARY SURVEYS OF THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE). A MATRIX WAS PREPARED THAT ANALYZES THE SALARY OF COMPARABLE POSITIONS. THE MATRIX CONTAINS THE AVERAGE, MEDIAN, LOWER QUARTILE AND TOP QUARTILE OF TOTAL OFFICER COMPENSATION. THE BOARD OF DIRECTORS REVIEWED THIS MATRIX AND APPROVES THE OFFICERS' TOTAL COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE FOR INSPECTION IN OUR OFFICES UPON REQUEST. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED. 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