Civic Intelligence

Ttla Holdings Inc

990 • Fiscal year 2018 • EIN 26-0411501

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

1220 Colorado Street No 500Austin, TX 78701

(512) 476-3852

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.88x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

70.12x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$370,691

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 400.2% of source-year revenue.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2018

Asset Growth

18th percentile

-4.8%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-72%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,402,550

Down $376,658 (-4.8%) from 2017

Net Assets

Up

$908,597

Up $599,205 (+194%) from 2017

Liabilities

Down

$6,493,953

Down $975,863 (-13%) from 2017

Revenue

Down

$92,618

Down $239,985 (-72%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Down

$92,618

Down $239,985 (-72%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2015: $8,747,462Liabilities 2015: $8,393,887Net Assets 2015: $353,5752015Assets 2016: $8,364,283Liabilities 2016: $8,150,926Net Assets 2016: $213,3572016Assets 2017: $7,779,208Liabilities 2017: $7,469,816Net Assets 2017: $309,3922017Assets 2018: $7,402,550Liabilities 2018: $6,493,953Net Assets 2018: $908,5972018Assets 2019: $7,176,846Liabilities 2019: $6,024,605Net Assets 2019: $1,152,2412019Assets 2020: $7,026,185Liabilities 2020: $5,797,903Net Assets 2020: $1,228,2822020Assets 2021: $6,713,718Liabilities 2021: $5,353,340Net Assets 2021: $1,360,3782021Assets 2022: $6,505,112Liabilities 2022: $5,055,051Net Assets 2022: $1,450,0612022Assets 2023: $6,345,458Liabilities 2023: $3,581,461Net Assets 2023: $2,763,9972023Assets 2024: $6,154,933Liabilities 2024: $2,608,326Net Assets 2024: $3,546,6072024

Highlighted filing

2018

Assets$7,402,550
Liabilities$6,493,953
Net Assets$908,597

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2015: -$249,103Expenses 2015: $0Net Income 2015: -$249,1032015Revenue 2016: -$140,218Expenses 2016: $0Net Income 2016: -$140,2182016Revenue 2017: $332,603Expenses 2017: $0Net Income 2017: $332,6032017Revenue 2018: $92,618Expenses 2018: $0Net Income 2018: $92,6182018Revenue 2019: $243,644Expenses 2019: $0Net Income 2019: $243,6442019Revenue 2020: $76,041Expenses 2020: $0Net Income 2020: $76,0412020Revenue 2021: $7,491Expenses 2021: $0Net Income 2021: $7,4912021Revenue 2022: $89,683Expenses 2022: $0Net Income 2022: $89,6832022Revenue 2023: $262,239Expenses 2023: $0Net Income 2023: $262,2392023Revenue 2024: $216,005Expenses 2024: $0Net Income 2024: $216,0052024

Highlighted filing

2018

Revenue$92,618
Expenses$0
Net Income$92,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,836,120
Mission and Program Overview

Mission

Building title holding company for texas trial lawyers association

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,178,534$6,897,275▼ $281,259
Cash and Non-Interest-Bearing Accounts$536,896$455,465▼ $81,431
Accounts Receivable$61,669$46,539▼ $15,130
Prepaid Expenses and Deferred Charges$2,109$3,271▲ $1,162
Total Assets$7,779,208$7,402,550▼ $376,658
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,361,048$6,288,536▼ $1,072,512
Accounts Payable and Accrued Expenses$31,871$164,408▲ $132,537
Other Liabilities$51,677$38,733▼ $12,944
Deferred Revenue$25,220$2,276▼ $22,944
Total Liabilities$7,469,816$6,493,953▼ $975,863
Net Assets / Fund Balance
Unrestricted Net Assets$309,392$908,597▲ $599,205
Total Net Assets Fund Balance$309,392$908,597▲ $599,205
Total Liabilities and Net Assets / Fund Balance$7,779,208$7,402,550▼ $376,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,002,834$8,105,342$14,108,176
Land$848,281-$848,281
Other Land Buildings$46,103$187,562$233,665
Equipment$57$631$688
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Capridge Management INCProperty Mgmt/leasing Comm7600 N CAPITAL OF TEXAS HIGHWAY B, Austin, TX 78731$181,723
Jga Roofing SystemsRoof Replacement4949 FRANKLIN AVENUE, Waco, TX 76710$141,303
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$92,618
Change in Net Assets
$92,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$38,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the ceo, controller, treasurer, current year president, immediate past president, director of communications, chief officer of public affairs and president elect with the preparing cpa. The in-house general counsel reviewed the return independently. After review, the 990 is sent to all board members prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization reviews an annual disclosure form provided by applicable officers and directors.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

FORM 990, PART VI, SECTION B, LINES 12A, 12B, 12C, 13, & 14:

Ttla holdings, inc. Follows the policies of texas trial lawyers association, a related organization.

Filing and Contact Details

Filer

Filer Name
Ttla Holdings Inc
EIN
26-0411501
Phone
5124763852
Address
1220 COLORADO STREET NO 500, AUSTIN, TX 78701

Signing Officer

Name
Tiffany Mcgee
Title
President
Phone
5124763852
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tiffany Mcgee
Formed
2007
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Reynolds & Franke Pc
Address
6850 AUSTIN CENTER BLVD SUITE 100, AUSTIN, TX 78731
Preparer
Ronald H Reynolds
Phone
5122063141
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Ttla capital contribution 506,587.

Financial Statement Notes

PART X, LINE 2:

The most significant tax positions of the organization are its assertions that they are exempt from income taxes and their determinations of whether any amounts are subject to unrelated business income tax (ubit). For the years ended december 31, 2018 and 2017 the organization generated unrelated business income but utilized net operating loss carryforwards. All significant tax positions have been considered by management and it has determined that is is more likely than not that all tax positions would be sustained upon examination by taxing authorities.

Raw XML Appendix364 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MOST SIGNIFICANT TAX POSITIONS OF THE ORGANIZATION ARE ITS ASSERTIONS THAT THEY ARE EXEMPT FROM INCOME TAXES AND THEIR DETERMINATIONS OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 THE ORGANIZATION GENERATED UNRELATED BUSINESS INCOME BUT UTILIZED NET OPERATING LOSS CARRYFORWARDS. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IS IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION INFORMATION LISTED ON SCHEDULE J, PART II IS FOR AMOUNTS PAID BY TEXAS TRIAL LAWYERS ASSOCIATION (TTLA), A RELATED ENTITY. TEXAS TRIAL LAWYERS ASSOCIATION HOLDINGS, INC. HAS NO EMPLOYEES OF ITS OWN. TTLA USES A COMPENSATION COMMITTEE TO REVIEW AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS OF TTLA WITH RESPECT TO COMPENSATION AND/OR BONUSES OF THE CHIEF EXECUTIVE OFFICER.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CEO, CONTROLLER, TREASURER, CURRENT YEAR PRESIDENT, IMMEDIATE PAST PRESIDENT, DIRECTOR OF COMMUNICATIONS, CHIEF OFFICER OF PUBLIC AFFAIRS AND PRESIDENT ELECT WITH THE PREPARING CPA. THE IN-HOUSE GENERAL COUNSEL REVIEWED THE RETURN INDEPENDENTLY. AFTER REVIEW, THE 990 IS SENT TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REVIEWS AN ANNUAL DISCLOSURE FORM PROVIDED BY APPLICABLE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TTLA HOLDINGS, INC. FOLLOWS THE POLICIES OF TEXAS TRIAL LAWYERS ASSOCIATION, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TTLA CAPITAL CONTRIBUTION 506,587.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY MCGEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05124763852
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
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ReturnHeader/FilingSecurityInformation/IPTm010:48:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742516372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REYNOLDS & FRANKE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06850 AUSTIN CENTER BLVD SUITE 100
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ReturnHeader/PreparerPersonGrp/PhoneNum05122063141
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD H REYNOLDS
ReturnHeader/ReturnTs02019-11-15T10:58:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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