Civic Intelligence

Texas Reliability Entity Inc.

990 • Fiscal year 2010 • EIN 27-1582178

Jan 01, 2010 to Dec 31, 2010 • Filed on Sep 21, 2011

Organization ProfileWWW.TEXASRE.ORG

View Organization Page

805 Las Cimas Parkway Suite 20078746
Siviq Scores

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

Liabilities / Assets

57th percentile

0.31x

Higher debt load relative to assets than 57% of similar nonprofits.

2010 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets57th percentile

Assets

$6,268,494

No earlier filing loaded for comparison.

Net Assets

$4,297,352

No earlier filing loaded for comparison.

Liabilities

$1,971,142

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,061,437

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Assets 2010: $6,268,494Liabilities 2010: $1,971,142Net Assets 2010: $4,297,3522010Assets 2011: $7,279,048Liabilities 2011: $2,001,579Net Assets 2011: $5,277,4692011Assets 2012: $7,977,590Liabilities 2012: $2,104,422Net Assets 2012: $5,873,1682012Assets 2013: $6,426,219Liabilities 2013: $685,475Net Assets 2013: $5,740,7442013Assets 2014: $7,607,745Liabilities 2014: $855,034Net Assets 2014: $6,752,7112014Assets 2015: $7,907,797Liabilities 2015: $954,167Net Assets 2015: $6,953,6302015Assets 2016: $6,302,379Liabilities 2016: $1,122,503Net Assets 2016: $5,179,8762016Assets 2017: $4,526,534Liabilities 2017: $1,238,539Net Assets 2017: $3,287,9952017Assets 2018: $4,921,307Liabilities 2018: $1,142,284Net Assets 2018: $3,779,0232018Assets 2019: $5,811,906Liabilities 2019: $1,015,928Net Assets 2019: $4,795,9782019Assets 2020: $5,509,609Liabilities 2020: $1,019,819Net Assets 2020: $4,489,7902020Assets 2021: $5,245,131Liabilities 2021: $1,214,683Net Assets 2021: $4,030,4482021Assets 2022: $14,811,061Liabilities 2022: $9,677,564Net Assets 2022: $5,133,4972022Assets 2024: $17,806,444Liabilities 2024: $8,153,348Net Assets 2024: $9,653,0962024

Highlighted filing

2010

Assets$6,268,494
Liabilities$1,971,142
Net Assets$4,297,352
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$10M$0-$10MExpenses 2010: $4,061,4372010Expenses 2011: $9,421,0612011Expenses 2012: $10,517,0622012Revenue 2013: $9,844,946Expenses 2013: $11,058,203Net Income 2013: -$1,213,2572013Revenue 2014: $11,816,237Expenses 2014: $10,804,270Net Income 2014: $1,011,9672014Revenue 2015: $11,603,514Expenses 2015: $11,402,595Net Income 2015: $200,9192015Revenue 2016: $10,590,665Expenses 2016: $12,364,419Net Income 2016: -$1,773,7542016Revenue 2017: $11,058,141Expenses 2017: $12,950,022Net Income 2017: -$1,891,8812017Revenue 2018: $13,134,238Expenses 2018: $12,643,210Net Income 2018: $491,0282018Revenue 2019: $14,629,508Expenses 2019: $13,612,553Net Income 2019: $1,016,9552019Revenue 2020: $14,208,096Expenses 2020: $14,514,284Net Income 2020: -$306,1882020Revenue 2021: $13,917,263Expenses 2021: $14,370,270Net Income 2021: -$453,0072021Revenue 2022: $15,905,747Expenses 2022: $14,802,698Net Income 2022: $1,103,0492022Revenue 2024: $19,096,699Expenses 2024: $16,671,016Net Income 2024: $2,425,6832024

Highlighted filing

2010

Revenue-
Expenses$4,061,437
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Sep 21, 2011
Return Version
2010v3.4
Gross Receipts
$6,096,819
Mission and Program Overview

Major Activities

Activity 2
Under texas re's reliability monitor contract with the public utility commission of texas (puct), texas re monitors and reports to the puct regarding market participants' compliance with state electric reliability rules.
Filing and Contact Details

Filer

EIN
27-1582178
Raw XML AppendixShowing 400 of 401 raw XML fields

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IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0TEXAS RE HAS THE FOLLOWING SIX MEMBERSHIP SECTORS UNDER ITS BYLAWS: - SYSTEM COORDINATION AND PLANNING: AN ENTITY THAT IS REGISTERED WITH NERC AS A RELIABILITY COORDINATOR (RC), BALANCING AUTHORITY (BA), PLANNING AUTHORITY (PA), RESOURCE PLANNER (RP), OR INTERCHANGE AUTHORITY (IA). - TRANSMISSION AND DISTRIBUTION: AN ENTITY THAT IS REGISTERED WITH NERC AS A TRANSMISSION OWNER (TO), TRANSMISSION PLANNER (TP), TRANSMISSION SERVICE PROVIDER (TSP), DISTRIBUTION PROVIDER (DP), AND/OR TRANSMISSION OPERATOR (TOP), AND IS NOT A COOPERATIVE OR MUNICIPAL UTILITY. - COOPERATIVE UTILITY: AN ENTITY THAT IS (A) A CORPORATION ORGANIZED UNDER CHAPTER 161 OF THE TEXAS UTILITIES CODE OR A PREDECESSOR STATUTE TO CHAPTER 161 AND OPERATING UNDER THAT CHAPTER; OR (B) A CORPORATION ORGANIZED AS AN ELECTRIC COOPERATIVE IN A STATE OTHER THAN TEXAS THAT HAS OBTAINED A CERTIFICATE OF AUTHORITY TO CONDUCT AFFAIRS IN THE STATE OF TEXAS; OR (C) A COOPERATIVE ASSOCIATION ORGANIZED UNDER TEX. REV. CIV. STAT. 1396-50.01 OR A PREDECESSOR TO THAT STATUTE AND OPERATING UNDER THAT STATUTE THAT IS REGISTERED WITH NERC FOR AT LEAST ONE RELIABILITY FUNCTION. - MUNICIPAL UTILITY: AN ENTITY THAT OWNS OR CONTROLS TRANSMISSION OR DISTRIBUTION FACILITIES, OWNS OR CONTROLS DISPATCHABLE GENERATING FACILITIES, OR PROVIDES RETAIL ELECTRIC SERVICE AND IS A MUNICIPALLY OWNED UTILITY AS DEFINED IN PURA SECTION 11.003 AND IS REGISTERED WITH NERC FOR AT LEAST ONE RELIABILITY FUNCTION. - GENERATION: AN ENTITY THAT IS REGISTERED WITH NERC AS A GENERATOR OWNER (GO) OR GENERATOR OPERATOR (GOP). - LOAD-SERVING AND MARKETING: AN ENTITY THAT IS REGISTERED WITH NERC AS A LOAD SERVING ENTITY (LSE), A PURCHASING-SELLING ENTITY (PSE), OR ANY NEWLY DEFINED NERC RELIABILITY FUNCTION FOR DEMAND RESPONSE. MEMBERSHIP IN TEXAS RE IS VOLUNTARY AND OPEN TO ANY ENTITY THAT IS A USER, OWNER, OR OPERATOR OF THE ERCOT REGION BPS AND REGISTERED WITH NERC FOR AT LEAST ONE RELIABILITY FUNCTION. ELIGIBLE REGISTERED ENTITIES MUST COMPLETE AND SUBMIT A MEMBERSHIP APPLICATION, PAY A NOMINAL ANNUAL FEE (WHICH MAY BE WAIVED FOR GOOD CAUSE SHOWN), AND COMPLY WITH THE TEXAS RE BYLAWS. ANY PERSON OR ENTITY THAT HAS A DIRECT AND MATERIAL INTEREST IN THE BPS HAS A RIGHT TO PARTICIPATE IN THE TEXAS RE STANDARDS DEVELOPMENT PROCESS, EVEN IF NOT A TEXAS RE MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBERS SELECT AND CONFIRM THE BOARD MEMBERS PER THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING. THE FORM IS THEN SIGNED AND SUBMITTED FOR FILING BY THE CEO AND MANAGER OF FINANCE AND ACCOUNTING.
IRS990ScheduleO/GeneralExplanation/Explanation3YES, TEXAS RE HOLDS ANNUAL TRAINING REGARDING ETHICS AND CONFLICTS OF INTERESTS, AND REQUIRES EACH OF ITS OFFICERS, OTHER EMPLOYEES AND BOARD OF DIRECTORS TO RENEW HIS OR HER CONFLICTS OF INTEREST DISCLOSURES AND SIGN OR ELECTRONICALLY CONFIRM COMPLIANCE WITH AN ETHICS AGREEMENT ANNUALLY.
IRS990ScheduleO/GeneralExplanation/Explanation4THE TEXAS RE BOARD ANNUALLY REVIEWS AND DETERMINES CEO COMPENSATION. AS PART OF ITS REVIEW OF THE CEO COMPENSATION FOR 2010, THE BOARD REVIEWED A COMPENSATION SURVEY DEVELOPED BY A COMPENSATION CONSULTING FIRM FOR TEXAS RE. FOR OTHER TEXAS RE OFFICERS AND EMPLOYEES, THE CEO REVIEWS MARKET COMPENSATION INFORMATION WITH THE HUMAN RESOURCE MANAGER TO DETERMINE APPROPRIATE COMPENSATION. DOCUMENTATION OF EMPLOYEE ANNUAL EVALUATIONS IS INCLUDED IN PERSONNEL FILES.
IRS990ScheduleO/GeneralExplanation/Explanation5TEXAS RE POSTS ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ON ITS WEBSITE AND FILES ITS FINANCIAL STATEMENTS WITH NERC AND FERC.
IRS990ScheduleO/GeneralExplanation/Explanation6IN 2010, TEXAS RE RECEIVED $5,814,152 FROM ERO ASSESSMENTS AND $241,018 FROM PUCT ASSESSMENTS. PURSUANT TO SECTION 215(C) OF THE FEDERAL POWER ACT, THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) HAS CERTIFIED THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC), A SECTION 501(C)(6) NONPROFIT ORGANIZATION, AS AN ELECTRIC RELIABILITY ORGANIZATION (ERO) TO (1) DEVELOP AND ENFORCE RELIABILITY STANDARDS APPLICABLE TO ALL OWNERS, OPERATORS, AND USERS OF THE BULK (ELECTRIC) POWER SYSTEM AND (2) DELEGATE ANY OF THESE ACTIVITIES TO REGIONAL ENTITIES. IN 2010, TEXAS RE AND NERC SIGNED AN AMENDED AND RESTATED DELEGATION AGREEMENT (DELEGATION AGREEMENT) IN WHICH TEXAS RE WAS DESIGNATED AS THE REGIONAL ENTITY FOR THE ERCOT REGION OF TEXAS. AS THE REGIONAL ENTITY, TEXAS RE IS RESPONSIBLE FOR DEVELOPING AND ENFORCING FEDERAL ELECTRIC RELIABILITY STANDARDS IN THE ERCOT REGION. PURSUANT TO TEXAS RE'S DELEGATION AGREEMENT, ASSESSMENTS (ERO ASSESSMENTS) TO FUND TEXAS RE'S REGIONAL ENTITY BUDGET ARE ALLOCATED TO ELECTRIC MARKET PARTICIPANTS (LOAD-SERVING ENTITIES OR DESIGNEES), BASED UPON ELECTRIC USAGE IN THE REGION, TO PAY FOR THE COSTS OF TEXAS RE'S DELEGATED FUNCTIONS. TEXAS RE ALSO HAS A CONTRACT WITH THE PUBLIC UTILITY COMMISSION (PUCT), A STATE GOVERNMENT AGENCY, TO ACT AS RELIABILITY MONITOR IN THE ERCOT REGION. AS RELIABILITY MONITOR, TEXAS RE MONITORS AND REPORTS TO THE PUCT REGARDING THE COMPLIANCE OF ELECTRIC MARKET ENTITIES WITH STATE AND REGIONAL ELECTRIC RELIABILITY REGULATIONS (RELIABILITY-BASED ERCOT PROTOCOLS AND OPERATING GUIDES, AND RELIABILITY-RELATED PROVISIONS OF THE PUBLIC UTILITY REGULATORY ACT). UNDER THE CONTRACT, THE PUCT HAS DIRECTED THE ELECTRIC GRID SYSTEM OPERATOR, THE ELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. (ERCOT, A SECTION 501(C)(4) NONPROFIT ORGANIZATION) TO ASSESS A SYSTEM ADMINISTRATION FEE (PUCT ASSESSMENTS) TO QUALIFIED SCHEDULING ENTITIES SERVING LOAD (LOAD-SERVING ENTITIES) TO PAY THE COSTS OF THE ELECTRIC GRID SYSTEM OPERATOR AND THE RELIABILITY MONITOR. THE PURPOSE OF TEXAS RE'S ACTIVITIES IS TO CONFER A DIRECT BENEFIT UPON THE GENERAL PUBLIC AND NOT TO PROVIDE AN ECONOMIC OR PHYSICAL BENEFIT TO FERC, NERC, THE PUCT, OR ERCOT. ENFORCEMENT OF FEDERAL RELIABILITY STANDARDS AND MONITORING OF COMPLIANCE WITH STATE AND REGIONAL LAWS AND REGULATIONS IS DESIGNED TO PREVENT OR REDUCE SECURITY THREATS, CYBER-ATTACKS, OUTAGES, AND BLACKOUTS THAT COULD OTHERWISE CAUSE SERIOUS RISK TO PUBLIC HEALTH, SAFETY, AND THE ECONOMY. THE GENERAL PUBLIC INDIRECTLY PAYS THE ERO ASSESSMENTS AND PUCT ASSESSMENTS, BECAUSE LOAD-SERVING ENTITIES INCLUDE THE COSTS OF THESE ASSESSMENTS IN THE TOTAL COST OF ELECTRICITY SOLD TO THE GENERAL PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation7TRANSFER FROM PREDECESSOR REGIONAL ENTITY 2,295,667. TOTAL TO FORM 990, PART XI, LINE 5: 2,295,667.
IRS990ScheduleO/GeneralExplanation/Explanation8THE PROCESS OF OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier3CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VIII, LINE 1F:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference5PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TX
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10805 LAS CIMAS PARKWAY SUITE 200
IRS990/TheBooksAreInCareOf/AddressUS/City0AUSTIN
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode078746
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10TODD BREWER
IRS990/TheBooksAreInCareOf/TelephoneNumber05125834959
IRS990/TotalAssets/BOY00
IRS990/TotalAssets/EOY06268494
IRS990/TotalAssetsEOY06268494
IRS990/TotalCompGT150K00
IRS990/TotalContributions06093420
IRS990/TotalExpensesCurrentYear04061437
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral01664744
IRS990/TotalFunctionalExpenses/ProgramServices02396693
IRS990/TotalFunctionalExpenses/Total04061437
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilities/EOY01971142
IRS990/TotalLiabilitiesEOY01971142
IRS990/TotalLiabNetAssetsFundBalances/BOY00
IRS990/TotalLiabNetAssetsFundBalances/EOY06268494
IRS990/TotalNbrEmployees048
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY00
IRS990/TotalNetAssetsFundBalances/EOY04297352
IRS990/TotalOtherCompensation028097
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense02396693
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0391116
IRS990/TotalRevenueCurrentYear06063122
IRS990/TotalRevenue/ExclusionAmount0-30298
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn06063122
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ManagementAndGeneral060846
IRS990/Travel/ProgramServices070098
IRS990/Travel/Total0130944
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/EOY04297352
IRS990/UponRequest0X
IRS990/WebSite0WWW.TEXASRE.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02010
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0271582178
ReturnHeader/Filer/Name/BusinessNameLine10TEXAS RELIABILITY ENTITY INC
ReturnHeader/Filer/NameControl0TEXA
ReturnHeader/Filer/Phone05125834900
ReturnHeader/Filer/USAddress/AddressLine10805 LAS CIMAS PARKWAY SUITE 200
ReturnHeader/Filer/USAddress/City0AUSTIN
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode078746
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-09-21
ReturnHeader/Officer/Name0LARRY GRIMM
ReturnHeader/Officer/Phone05125834900
ReturnHeader/Officer/Title0PRESIDENT & CEO
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MAXWELL LOCKE & RITTER LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10401 CONGRESS AVENUE SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0AUSTIN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0787019682
ReturnHeader/Preparer/Name0SEAN HOLCOMB
ReturnHeader/Preparer/Phone05123703200
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,268,494
Liabilities
$1,971,142
Net assets
$4,297,352
Revenue
-
Expenses
$4,061,437
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$8.15$9.65$19.1$16.7$2.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$9.68$5.13$15.9$14.8$1.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$1.21$4.03$13.9$14.4$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$1.02$4.49$14.2$14.5$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$1.02$4.80$14.6$13.6$1.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$1.14$3.78$13.1$12.6$0.49
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$1.24$3.29$11.1$13.0$1.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$1.12$5.18$10.6$12.4$1.77
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.91$0.95$6.95$11.6$11.4$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.61$0.86$6.75$11.8$10.8$1.01
2013Detailed filing. Detailed filing data is available for this year.$6.43$0.69$5.74$9.84$11.1$1.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.98$2.10$5.87$10.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.28$2.00$5.28$9.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$1.97$4.30$4.06