Civic Intelligence

Tenco Industries Inc

990 • Fiscal year 2019 • EIN 42-0919509

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 30, 2019

710 Gateway DriveOttumwa, IA 52501

(641) 682-8114

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.41x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.22x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

20th percentile

-9.0%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,879,014

Down $513,983 (-12%) from 2018

Net Assets

Down

$2,278,403

Down $664,485 (-23%) from 2018

Liabilities

Up

$1,600,611

Up $150,502 (+10%) from 2018

Revenue

Down

$7,408,038

Down $932,924 (-11%) from 2018

Expenses

Down

$8,072,523

Down $1,311,444 (-14%) from 2018

Net Income

Up

-$664,485

Up $378,520 (+36%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,539,691Liabilities 2011: $230,362Net Assets 2011: $2,309,3292011Assets 2012: $2,804,655Liabilities 2012: $477,770Net Assets 2012: $2,326,8852012Assets 2013: $2,840,411Liabilities 2013: $702,674Net Assets 2013: $2,137,7372013Assets 2014: $3,663,909Liabilities 2014: $1,684,328Net Assets 2014: $1,979,5812014Assets 2015: $4,054,953Liabilities 2015: $1,872,946Net Assets 2015: $2,182,0072015Assets 2016: $4,995,991Liabilities 2016: $1,534,983Net Assets 2016: $3,461,0082016Assets 2017: $5,162,386Liabilities 2017: $1,176,493Net Assets 2017: $3,985,8932017Assets 2018: $4,392,997Liabilities 2018: $1,450,109Net Assets 2018: $2,942,8882018Assets 2019: $3,879,014Liabilities 2019: $1,600,611Net Assets 2019: $2,278,4032019Assets 2020: $4,442,717Liabilities 2020: $2,340,491Net Assets 2020: $2,102,2262020

Highlighted filing

2019

Assets$3,879,014
Liabilities$1,600,611
Net Assets$2,278,403

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $2,920,109Expenses 2011: $2,912,935Net Income 2011: $7,1742011Revenue 2012: $3,060,151Expenses 2012: $3,049,261Net Income 2012: $10,8902012Expenses 2013: $3,842,2632013Revenue 2014: $4,423,534Expenses 2014: $4,669,292Net Income 2014: -$245,7582014Revenue 2015: $6,247,629Expenses 2015: $6,044,966Net Income 2015: $202,6632015Revenue 2016: $8,377,737Expenses 2016: $7,098,736Net Income 2016: $1,279,0012016Revenue 2017: $9,335,454Expenses 2017: $8,810,569Net Income 2017: $524,8852017Revenue 2018: $8,340,962Expenses 2018: $9,383,967Net Income 2018: -$1,043,0052018Revenue 2019: $7,408,038Expenses 2019: $8,072,523Net Income 2019: -$664,4852019Revenue 2020: $6,812,372Expenses 2020: $6,988,549Net Income 2020: -$176,1772020

Highlighted filing

2019

Revenue$7,408,038
Expenses$8,072,523
Net Income-$664,485
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$7,409,061
Mission and Program Overview

Mission

To provide opportunities for people with disabilities to develop and maintain independence in all areas of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,700,421$2,609,358▼ $91,063
Accounts Receivable$1,220,977$921,537▼ $299,440
Savings and Temporary Cash Investments$190,559$234,187▲ $43,628
Prepaid Expenses and Deferred Charges$68,163$44,116▼ $24,047
Loans From Officers Directors$28,302--
Inventories for Sale or Use$41,929$11,682▼ $30,247
Intangible Assets$6,250$4,107▼ $2,143
Total Assets$4,392,997$3,879,014▼ $513,983
Other Assets Total$164,698$54,027▼ $110,671
Liabilities
Other Liabilities$679,466$929,040▲ $249,574
Mortgage Notes Payable Secured by Investment Property$524,269$482,055▼ $42,214
Accounts Payable and Accrued Expenses$218,072$189,516▼ $28,556
Total Liabilities$1,450,109$1,600,611▲ $150,502
Net Assets / Fund Balance
Unrestricted Net Assets$2,942,888$2,278,403▼ $664,485
Total Net Assets Fund Balance$2,942,888$2,278,403▼ $664,485
Total Liabilities and Net Assets / Fund Balance$4,392,997$3,879,014▼ $513,983

Asset Categories

AssetBook ValueDepreciationBasis
Land$170,760-$170,760
Compensation and Service Providers

Board Members and Trustees

NameTitle
Liz WilsonPresident
Jim LindenmayerDirector
Jon WagnerDirector
Josh HallDirector
Kathy HenryDirector
Leisa WalkerDirector
Michael CarpenterDirector
Payson MorelandDirector
Deb PumphreySecretary
Nate BissellTreasurer
Teri MesserschmidtVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$105
Program Service Revenue
$6,860,842
Investment Income
$30,580
Other Revenue
$516,511
All Other Contributions
$105
Change in Net Assets
$-664,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,408,038
Total Revenue per Audited Statements
$7,408,038
Total Revenue per Form 990
$7,408,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,178,810
Other Expenses$1,893,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,033,031--$5,033,031
Other Employee Benefits$391,857$153,655-$545,512
Occupancy$535,182--$535,182
Payroll Taxes$423,198$106,567-$529,765
Depreciation Depletion$244,236--$244,236
All Other Expenses$212,325--$212,325
Other Expenses$114,594--$114,594
Interest$76,497--$76,497
Pension Plan Contributions$53,825$16,677-$70,502
Fees for Services Accounting$32,157--$32,157
Travel$19,144--$19,144
Conferences and Meetings$11,185--$11,185
Total Functional Expenses$7,795,624$276,899$0$8,072,523

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,072,523
Total Expenses per Audited Statements$8,072,523
Total Expenses per Form 990$8,072,523
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$28,302--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loc$595,000
Accrued Payroll$197,317
Accrued Paid Time Off$132,333
Other$3,935
Accrued Payroll Taxes$455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Full copy of form 990 is provided to each board member and reviewed by executive committee prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board shall determine whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to tenco industries, inc. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of tenco industries, inc. And the advancement of its prupose.

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is reviewed and approved by board of directors.

Form 990, Page 6, Part VI, Line 19

Form 990 shall be made available, upon request, in a timely manner, and subject to the charges permitted by law to any individuals who request it.

Filing and Contact Details

Filer

Filer Name
Tenco Industries Inc
EIN
42-0919509
Phone
6416828114
Address
710 GATEWAY DRIVE, OTTUMWA, IA 52501

Signing Officer

Name
Marc Roe
Title
CFO
Phone
6416828114
Signed
2019-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Roe
Formed
1965
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
493
Volunteers
9

Preparer

Firm
Anderson Larkin & Co Pc
Address
221 N WAPELLO, OTTUMWA, IA 52501
Preparer
Alexander Barr
Phone
6416845489
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IRS990/ProgramServiceRevenueGrp/Desc1RENTAL HOUSES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt06622761
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1238081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06622761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1238081
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IRS990/PYProgramServiceRevenueAmt07740974
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IRS990/PYSalariesCompEmpBnftPaidAmt07165224
IRS990/PYTotalExpensesAmt09383967
IRS990/PYTotalRevenueAmt08340962
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0190559
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234187
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 23,935,799
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt013586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017786
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028947
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt030427
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0813796
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07038398
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07957944
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08939457
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023935799
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IRS990ScheduleA/PublicSupportCY170Pct00.00070
IRS990ScheduleA/PublicSupportPY170Pct00.00290
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013586
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02320
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170760
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2132333
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAID TIME OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED PAYROLL TAXES
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0170760
IRS990ScheduleD/TotalExpensesPerForm990Amt08072523
IRS990ScheduleD/TotalLiabilityAmt0929040
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FULL COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER AND REVIEWED BY EXECUTIVE COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND IN THE PRESENCE OF AN EXISTING MATERIAL CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO TENCO INDUSTRIES, INC. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF TENCO INDUSTRIES, INC. AND THE ADVANCEMENT OF ITS PRUPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST IT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TravelGrp/TotalAmt019144
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IRS990/USAddress/CityNm0OTTUMWA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052501
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0TENCO.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC ROE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06416828114
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENCO INDUSTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0TENC
ReturnHeader/Filer/EIN0420919509
ReturnHeader/Filer/PhoneNum06416828114

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