Civic Intelligence

Thompson Tractor Company Inc Employee Benefit Trust

990 • Fiscal year 2016 • EIN 52-1585555

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Post Office Box 10367Birmingham, AL 35202

(205) 841-8601

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.05x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.00x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

62nd percentile

6.4%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

2.9%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,033,766

Up $62,296 (+6.4%) from 2015

Net Assets

Up

$981,701

Up $100,431 (+11%) from 2015

Liabilities

Down

$52,065

Down $38,135 (-42%) from 2015

Revenue

Up

$13,276,168

Up $379,406 (+2.9%) from 2015

Expenses

Up

$13,175,737

Up $450,939 (+3.5%) from 2015

Net Income

Down

$100,431

Down $71,533 (-42%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,145,453Liabilities 2010: $0Net Assets 2010: $1,145,4532010Assets 2011: $1,302,326Liabilities 2011: $0Net Assets 2011: $1,302,3262011Assets 2012: $1,906,078Liabilities 2012: $0Net Assets 2012: $1,906,0782012Assets 2013: $406,236Liabilities 2013: $0Net Assets 2013: $406,2362013Assets 2014: $834,865Liabilities 2014: $125,559Net Assets 2014: $709,3062014Assets 2015: $971,470Liabilities 2015: $90,200Net Assets 2015: $881,2702015Assets 2016: $1,033,766Liabilities 2016: $52,065Net Assets 2016: $981,7012016Assets 2017: $996,794Liabilities 2017: $0Net Assets 2017: $996,7942017Assets 2018: $1,057,857Liabilities 2018: $0Net Assets 2018: $1,057,8572018Assets 2019: $1,334,273Liabilities 2019: $0Net Assets 2019: $1,334,2732019Assets 2020: $3,337,738Liabilities 2020: $0Net Assets 2020: $3,337,7382020Assets 2021: $5,674,629Liabilities 2021: $0Net Assets 2021: $5,674,6292021Assets 2022: $6,849,887Liabilities 2022: $0Net Assets 2022: $6,849,8872022Assets 2023: $6,642,494Liabilities 2023: $0Net Assets 2023: $6,642,4942023Assets 2024: $5,686,550Liabilities 2024: $2,150Net Assets 2024: $5,684,4002024

Highlighted filing

2016

Assets$1,033,766
Liabilities$52,065
Net Assets$981,701

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $10,710,9432010Expenses 2011: $11,278,7622011Expenses 2012: $11,610,1162012Revenue 2013: $11,921,165Expenses 2013: $13,421,007Net Income 2013: -$1,499,8422013Revenue 2014: $12,113,388Expenses 2014: $11,810,318Net Income 2014: $303,0702014Revenue 2015: $12,896,762Expenses 2015: $12,724,798Net Income 2015: $171,9642015Revenue 2016: $13,276,168Expenses 2016: $13,175,737Net Income 2016: $100,4312016Revenue 2017: $13,271,363Expenses 2017: $13,256,270Net Income 2017: $15,0932017Revenue 2018: $14,927,610Expenses 2018: $14,866,547Net Income 2018: $61,0632018Revenue 2019: $14,888,359Expenses 2019: $14,611,943Net Income 2019: $276,4162019Revenue 2020: $15,493,972Expenses 2020: $13,490,507Net Income 2020: $2,003,4652020Revenue 2021: $15,989,582Expenses 2021: $13,652,691Net Income 2021: $2,336,8912021Revenue 2022: $16,325,860Expenses 2022: $15,150,602Net Income 2022: $1,175,2582022Revenue 2023: $19,986,392Expenses 2023: $20,193,785Net Income 2023: -$207,3932023Revenue 2024: $21,742,915Expenses 2024: $22,701,009Net Income 2024: -$958,0942024

Highlighted filing

2016

Revenue$13,276,168
Expenses$13,175,737
Net Income$100,431
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$13,276,168
Mission and Program Overview

Mission

NONE

Employees' welfare benefit plan

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$957,367$1,033,766▲ $76,399
Rtn Earn Endowment Incm Other Fnds$881,270$981,701▲ $100,431
Accounts Receivable$14,103$0▼ $14,103
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$971,470$1,033,766▲ $62,296
Liabilities
Accounts Payable and Accrued Expenses$90,200$52,065▼ $38,135
Total Liabilities$90,200$52,065▼ $38,135
Net Assets / Fund Balance
Total Net Assets Fund Balance$881,270$981,701▲ $100,431
Total Liabilities and Net Assets / Fund Balance$971,470$1,033,766▲ $62,296
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas H McgoughTrustee
-Officer
Michael D ThompsonOfficer
Michael G RooneyOfficer
Paul G TombrelloOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,274,607
Investment Income
$1,561
Other Revenue
$0
Change in Net Assets
$100,431

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,276,168
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,276,168
Total Revenue per Form 990
$13,276,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$746,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$12,428,881
Fees for Services Other---$746,856
Total Functional Expenses$0$0$0$13,175,737

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,175,737
Total Expenses per Audited Statements$13,175,737
Total Expenses per Form 990$13,175,737
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8A

Records are not in minute form, but extensive records of all meetings and consultations are on file.

Form 990, Part VI, Section A, line 8B

Records are not in minute form, but extensive records of all meetings and consultations are on file.

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

The form 990 is prepared and reviewed by our public accounting firm before the return is signed and mailed by the appropriate officer each year.

Form 990, Part VI, Section C, line 19

As a general rule the organization does not make its governing documents, conflict of interest policy, and financial statements available to the public. Any written requests by the public would be reviewed and acted upon by the board.

Form 990, Part VII, Column B

Hours per week are as employees of thompson tractor co., inc.

Filing and Contact Details

Filer

Filer Name
Thompson Tractor Company Inc
EIN
52-1585555
Phone
2058418601
Address
POST OFFICE BOX 10367, BIRMINGHAM, AL 35202

Signing Officer

Name
Thomas H Mcgough
Title
Officer
Phone
2058418601
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas H Mcgough
Formed
1988
Legal Domicile
Al
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
2500 Acton Road, Birmingham, AL 35243
Preparer
Adam West
Phone
2059794100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits ; however, there are currenly no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2013.

Raw XML Appendix326 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/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS ; HOWEVER, THERE ARE CURRENLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RECORDS ARE NOT IN MINUTE FORM, BUT EXTENSIVE RECORDS OF ALL MEETINGS AND CONSULTATIONS ARE ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECORDS ARE NOT IN MINUTE FORM, BUT EXTENSIVE RECORDS OF ALL MEETINGS AND CONSULTATIONS ARE ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED AND REVIEWED BY OUR PUBLIC ACCOUNTING FIRM BEFORE THE RETURN IS SIGNED AND MAILED BY THE APPROPRIATE OFFICER EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A GENERAL RULE THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY WRITTEN REQUESTS BY THE PUBLIC WOULD BE REVIEWED AND ACTED UPON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOURS PER WEEK ARE AS EMPLOYEES OF THOMPSON TRACTOR CO., INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, COLUMN B
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IRS990/TotalAssetsBOYAmt0971470
IRS990/TotalAssetsEOYAmt01033766
IRS990/TotalAssetsGrp/BOYAmt0971470
IRS990/TotalAssetsGrp/EOYAmt01033766
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt013175737
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090200
IRS990/TotalLiabilitiesEOYAmt052065
IRS990/TotalLiabilitiesGrp/BOYAmt090200
IRS990/TotalLiabilitiesGrp/EOYAmt052065
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0881270
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0981701
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt013274607
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01561
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013274607
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013276168
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0971470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01033766
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02401 PINSON VALLEY PKWY
IRS990/USAddress/CityNm0BIRMINGHAM
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035217
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS H MCGOUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02058418601
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOMPSON TRACTOR COMPANY INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEE BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0THOM
ReturnHeader/Filer/EIN0521585555
ReturnHeader/Filer/PhoneNum02058418601
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 10367
ReturnHeader/Filer/USAddress/CityNm0BIRMINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DDAC0BAEEB6500EEAF119947F1F2A0A47D588DBD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.136.244.2
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:18:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Warren Averett LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 Acton Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Birmingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035243
ReturnHeader/PreparerPersonGrp/PhoneNum02059794100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adam West
ReturnHeader/ReturnTs02017-11-15T09:26:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.69$0.00$5.68$21.7$22.7$0.96
2023Detailed filing. Detailed filing data is available for this year.$6.64$0.00$6.64$20.0$20.2$0.21
2022Detailed filing. Detailed filing data is available for this year.$6.85$0.00$6.85$16.3$15.2$1.18
2021Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$16.0$13.7$2.34
2020Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$15.5$13.5$2.00
2019Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$14.9$14.6$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$14.9$14.9$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$13.3$13.3$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.05$0.98$13.3$13.2$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.09$0.88$12.9$12.7$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.13$0.71$12.1$11.8$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$11.9$13.4$1.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.00$1.91$11.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.30$11.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$10.7