Civic Intelligence

The Industrial Development Board of the City of Tr

990 • Fiscal year 2018 • EIN 62-1373320

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 12, 2018

309 S College StreetTrenton, TN 38382

(731) 855-2013

Siviq Scores

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

Liabilities / Assets

86th percentile

0.48x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

5.75x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

82nd percentile

17%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

19th percentile

-9.4%

Faster asset growth than 19% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

108%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$642,632

Down $66,610 (-9.4%) from 2017

Net Assets

Up

$335,006

Up $8,934 (+2.7%) from 2017

Liabilities

Down

$307,626

Down $75,544 (-20%) from 2017

Revenue

Up

$53,467

Up $27,707 (+108%) from 2017

Expenses

Down

$44,533

Down $77,745 (-64%) from 2017

Net Income

Up

$8,934

Up $105,452 (+109%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,032,692Liabilities 2012: $1,166,703Net Assets 2012: $865,9892012Assets 2013: $1,275,224Liabilities 2013: $749,169Net Assets 2013: $526,0552013Assets 2014: $1,237,699Liabilities 2014: $727,914Net Assets 2014: $509,7852014Assets 2015: $1,132,737Liabilities 2015: $679,983Net Assets 2015: $452,7532015Assets 2016: $1,077,284Liabilities 2016: $654,694Net Assets 2016: $422,5902016Assets 2017: $709,242Liabilities 2017: $383,170Net Assets 2017: $326,0722017Assets 2018: $642,632Liabilities 2018: $307,626Net Assets 2018: $335,0062018Assets 2019: $615,161Liabilities 2019: $264,982Net Assets 2019: $350,1792019Assets 2020: $575,189Liabilities 2020: $226,373Net Assets 2020: $348,8162020Assets 2021: $534,012Liabilities 2021: $179,295Net Assets 2021: $354,7172021Assets 2022: $497,488Liabilities 2022: $129,785Net Assets 2022: $367,7032022Assets 2023: $464,993Liabilities 2023: $89,746Net Assets 2023: $375,2472023Assets 2024: $785,184Liabilities 2024: $369,593Net Assets 2024: $415,5912024Assets 2025: $829,139Liabilities 2025: $368,262Net Assets 2025: $460,8772025

Highlighted filing

2018

Assets$642,632
Liabilities$307,626
Net Assets$335,006

Operations Trend

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

$200K$0-$200K-$400KRevenue 2012: $61,004Expenses 2012: $111,851Net Income 2012: -$50,8472012Revenue 2013: -$230,598Expenses 2013: $109,336Net Income 2013: -$339,9342013Revenue 2014: $70,628Expenses 2014: $86,898Net Income 2014: -$16,2702014Revenue 2015: $18,920Expenses 2015: $75,952Net Income 2015: -$57,0322015Revenue 2016: $38,232Expenses 2016: $68,396Net Income 2016: -$30,1642016Revenue 2017: $25,760Expenses 2017: $122,278Net Income 2017: -$96,5182017Revenue 2018: $53,467Expenses 2018: $44,533Net Income 2018: $8,9342018Revenue 2019: $52,340Expenses 2019: $37,167Net Income 2019: $15,1732019Revenue 2020: $51,170Expenses 2020: $52,533Net Income 2020: -$1,3632020Revenue 2021: $49,938Expenses 2021: $44,037Net Income 2021: $5,9012021Revenue 2022: $48,646Expenses 2022: $35,660Net Income 2022: $12,9862022Revenue 2023: $42,348Expenses 2023: $34,804Net Income 2023: $7,5442023Revenue 2024: $103,942Expenses 2024: $63,598Net Income 2024: $40,3442024Revenue 2025: $118,075Expenses 2025: $72,789Net Income 2025: $45,2862025

Highlighted filing

2018

Revenue$53,467
Expenses$44,533
Net Income$8,934
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 12, 2018
Return Version
2017v2.3
Gross Receipts
$53,467
Mission and Program Overview

Mission

The industrial board helped to maintain jobs by promoting industrial growth and providing industrial facilities at a fair cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$397,235$383,161▼ $14,074
Rtn Earn Endowment Incm Other Fnds$326,072$335,006▲ $8,934
Other Notes and Loans Receivable, Net$241,548$219,768▼ $21,780
Cash and Non-Interest-Bearing Accounts$70,459$39,703▼ $30,756
Total Assets$709,242$642,632▼ $66,610
Liabilities
Other Liabilities$383,170$307,626▼ $75,544
Total Liabilities$383,170$307,626▼ $75,544
Net Assets / Fund Balance
Total Net Assets Fund Balance$326,072$335,006▲ $8,934
Total Liabilities and Net Assets / Fund Balance$709,242$642,632▼ $66,610

Asset Categories

AssetBook ValueDepreciationBasis
Land$32,500-$32,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed NormanPresident
Amy GreerMember
Charles HillMember
Eric AllenMember
Jimmy WilliamsMember
Jonathan EstesMember
Pat RileyMember
Richard IngramMember
Robert S PhelanMember
Bill JoynerSecretary
Bill WoodsVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,000
Investment Income
$11,467
Other Revenue
$0
Change in Net Assets
$8,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,533
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
Depreciation Depletion---$14,074
Occupancy---$3,776
Other Expenses---$1,450
Total Functional Expenses$0$0$0$44,533
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bill Joynersecurity BankBank OfficerLoan From BankNo-
Jimmy Williamsccc BankBank OfficerLoan From BankNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Silgan$210,073
Notes Payable - Bancorpsouth$96,715
Interest Payable$838
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Industrial Development Board
EIN
62-1373320
Phone
7318552013
Address
309 S COLLEGE STREET, TRENTON, TN 38382

Signing Officer

Name
Ed Norman
Title
President
Phone
7318552013
Signed
2018-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Norman
Formed
1962
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
109 W COURT SQUARE, TRENTON, TN 38382
Preparer
Jack M Matthis
Phone
7318551097
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The industrial board helped to maintain jobs by promoting industrial growth and providing industrial facilities at a fair cost.

Raw XML Appendix302 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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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038382
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01E462BF34B8E94A2787CB10F3B0A13E24BAF414C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId057DA44046E02AE91CBE12B1F07D1FCEC562DFDAD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.167.238.8
ReturnHeader/FilingSecurityInformation/IPDt02018-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:22:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621110839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER THOMPSON ARNOLD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 W COURT SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TRENTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038382
ReturnHeader/PreparerPersonGrp/PhoneNum07318551097
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACK M MATTHIS
ReturnHeader/ReturnTs02018-11-06T10:22:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.37$0.46$0.12$0.07$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.37$0.42$0.10$0.06$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.09$0.38$0.04$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.13$0.37$0.05$0.04$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.18$0.35$0.05$0.04$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.23$0.35$0.05$0.05$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.26$0.35$0.05$0.04$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.31$0.34$0.05$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.38$0.33$0.03$0.12$0.10
2016Summary only. Only limited summary data is available for this year.$1.08$0.65$0.42$0.04$0.07$0.03
2015Summary only. Only limited summary data is available for this year.$1.13$0.68$0.45$0.02$0.08$0.06
2014Summary only. Only limited summary data is available for this year.$1.24$0.73$0.51$0.07$0.09$0.02
2013Summary only. Only limited summary data is available for this year.$1.28$0.75$0.53$0.23$0.11$0.34
2012Summary only. Only limited summary data is available for this year.$2.03$1.17$0.87$0.06$0.11$0.05