Civic Intelligence

Tractor & Equipment Health Care Trust

EIN 63-0819083 • 501(c)9 • Birmingham, AL

Profile

To provide funding for benefits (medical, life, health, accident and similar benefits) for eligible employees, retirees, and their dependents, in accordance with the employee benefit plan.

5336 Airport HighwayBirmingham, AL 35212

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.10x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.08x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Net Margin

29th percentile

-2.2%

Higher net margin than 29% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$685,916

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-11%

Faster revenue growth than 17% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$6,350,190

Up $857,365 (+16%) from 2022

Liabilities

Up

$631,000

Up $33,000 (+5.5%) from 2022

Net Assets

Up

$5,719,190

Up $824,365 (+17%) from 2022

Operations
Liabilities / Revenue67th percentileNet Margin29th percentile

Revenue

Up

$8,158,692

Up $1,294,949 (+19%) from 2022

Expenses

Up

$8,336,977

Up $1,544,363 (+23%) from 2022

Net Income

Down

-$178,285

Down $249,414 (-351%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,004,477Liabilities 2010: $266,792Net Assets 2010: $4,737,6852010Assets 2011: $4,834,494Liabilities 2011: $375,000Net Assets 2011: $4,459,4942011Assets 2012: $5,057,783Liabilities 2012: $399,000Net Assets 2012: $4,658,7832012Assets 2013: $6,452,271Liabilities 2013: $403,000Net Assets 2013: $6,049,2712013Assets 2014: $6,128,851Liabilities 2014: $402,000Net Assets 2014: $5,726,8512014Assets 2015: $5,382,010Liabilities 2015: $446,000Net Assets 2015: $4,936,0102015Assets 2016: $5,330,049Liabilities 2016: $602,000Net Assets 2016: $4,728,0492016Assets 2017: $5,694,340Liabilities 2017: $450,000Net Assets 2017: $5,244,3402017Assets 2018: $5,020,451Liabilities 2018: $611,000Net Assets 2018: $4,409,4512018Assets 2019: $5,796,067Liabilities 2019: $478,000Net Assets 2019: $5,318,0672019Assets 2020: $6,203,255Liabilities 2020: $479,000Net Assets 2020: $5,724,2552020Assets 2021: $6,661,957Liabilities 2021: $625,000Net Assets 2021: $6,036,9572021Assets 2022: $5,492,825Liabilities 2022: $598,000Net Assets 2022: $4,894,8252022Assets 2024: $6,350,190Liabilities 2024: $631,000Net Assets 2024: $5,719,1902024

Highlighted filing

2024

Assets$6,350,190
Liabilities$631,000
Net Assets$5,719,190
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,763,0382010Expenses 2011: $5,149,4342011Revenue 2012: $5,073,990Expenses 2012: $5,321,092Net Income 2012: -$247,1022012Revenue 2013: $5,480,934Expenses 2013: $5,493,980Net Income 2013: -$13,0462013Revenue 2014: $5,132,010Expenses 2014: $5,399,194Net Income 2014: -$267,1842014Revenue 2015: $5,512,475Expenses 2015: $6,124,512Net Income 2015: -$612,0372015Revenue 2016: $5,558,151Expenses 2016: $5,981,926Net Income 2016: -$423,7752016Revenue 2017: $5,665,053Expenses 2017: $5,708,045Net Income 2017: -$42,9922017Revenue 2018: $7,013,439Expenses 2018: $7,261,504Net Income 2018: -$248,0652018Revenue 2019: $7,308,872Expenses 2019: $7,161,786Net Income 2019: $147,0862019Revenue 2020: $5,741,183Expenses 2020: $5,611,427Net Income 2020: $129,7562020Revenue 2021: $7,506,239Expenses 2021: $7,477,103Net Income 2021: $29,1362021Revenue 2022: $6,863,743Expenses 2022: $6,792,614Net Income 2022: $71,1292022Revenue 2024: $8,158,692Expenses 2024: $8,336,977Net Income 2024: -$178,2852024

Highlighted filing

2024

Revenue$8,158,692
Expenses$8,336,977
Net Income-$178,285
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,350,190
Liabilities
$631,000
Net assets
$5,719,190
Revenue
$8,158,692
Expenses
$8,336,977
Net income
-$178,285
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$0.63$5.72$8.16$8.34$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.60$4.89$6.86$6.79$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.63$6.04$7.51$7.48$0.03
2020Summary only. Only limited summary data is available for this year.$6.20$0.48$5.72$5.74$5.61$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.48$5.32$7.31$7.16$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$0.61$4.41$7.01$7.26$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.45$5.24$5.67$5.71$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.33$0.60$4.73$5.56$5.98$0.42
2015Detailed filing. Detailed filing data is available for this year.$5.38$0.45$4.94$5.51$6.12$0.61
2014Summary only. Only limited summary data is available for this year.$6.13$0.40$5.73$5.13$5.40$0.27
2013Detailed filing. Detailed filing data is available for this year.$6.45$0.40$6.05$5.48$5.49$0.01
2012Summary only. Only limited summary data is available for this year.$5.06$0.40$4.66$5.07$5.32$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$0.38$4.46$5.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.27$4.74$4.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.1
Gross Receipts
$8,158,692
Mission and Program Overview

Mission

To provide funding for benefits (medical, life, health, accident and similar benefits) for eligible employees, retirees, and their dependents, in accordance with the employee benefit plan.

To provide benefits for eligible employees, retirees and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,033,741$6,308,644▲ $274,903
Cash and Non-Interest-Bearing Accounts$38,600$40,119▲ $1,519
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,295,947$6,350,190▲ $54,243
Other Assets Total$223,606$1,427▼ $222,179
Liabilities
Other Liabilities$642,000$631,000▼ $11,000
Total Liabilities$642,000$631,000▼ $11,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,653,947$5,719,190▲ $65,243
Total Net Assets Fund Balance$5,653,947$5,719,190▲ $65,243
Total Liabilities and Net Assets / Fund Balance$6,295,947$6,350,190▲ $54,243
Compensation and Service Providers
Top Officer Pay98th percentile

Board Members and Trustees

NameTitle
Regions BankTrustee
Blue Cross Blue ShieldPlan Administrator
James W Steele JrSec. Treas. Plan Sponsor
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,809,413
Investment Income
$349,279
Other Revenue
$0
Change in Net Assets
$-178,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,158,692
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$243,528
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$8,402,220
Total Revenue per Form 990
$8,158,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$548,621
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---$7,788,356
Fees for Services Other---$548,621
Total Functional Expenses$0$0$0$8,336,977

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,347,977
Total Expenses per Audited Statements$8,347,977
Total Expenses per Form 990$8,336,977
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-11,000
Other Expense Adjustments$-11,000
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$631,000
Claims Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Line 18

“Photocopies of the form 1023 and form 990 are available to the public upon request to the plan sponsor. Recent filings of the form 990 can be accessed through guidestar.org, a non-profit organization.”

Form 990, Part VI, Line 12A

“Based on the organization's facts and circumstances, including its size, type, and culture, the organization has decided not to adopt this and other policies and practices included on the form 990.”

Form 990, Part VI, Line 8A Documentation of meetings held by governing body

“Completed audit report and form 990 are reviewed by james w. Steele, jr., vp/cfo of plan sponsor and any questions or concerns regarding the audit and form 990 are discussed with the independent certified public accounting firm.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“The vp & cfo of tractor & equipment company, plan sponsor, determines the investment policy to be followed by the trustees according to provisions of the employee benefit plan and health care trust agreements.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The completed audit report and form 990 were presented to james w. Steele, vp & cfo for review. Questions and answers regarding the audit report and/or the form 990 are discussed with the independent certified public accounting firm. The form 990 was approved as presented.”

Form 990, Part VI, Line 19 Required documents available to the public

“The governing documents and financial statements are made available to the public upon written request to the plan sponsor.”

Filing and Contact Details

Filer

Filer Name
Tractor & Equipment Health Care Trust
EIN
63-0819083
Phone
2055912131
Address
5336 AIRPORT HIGHWAY, Birmingham, AL 35212

Signing Officer

Name
James W Steele Jr
Title
Secretary/Treasurer Plan Sponsor
Phone
2055912131
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Change of oversight process or selection process

“The process has not changed since the prior year.”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The trust established under the plan to hold the plan's assets is qualified pursuant to section 501(c) 9 of the internal revenue code ("irc"), and, accordingly, the trust's net investment income is exempt from income taxes. The trust has obtained a favorable tax determination letter from the internal revenue service ("irs") and the plan sponsor believes that the trust continues to qualify and to operate in accordance with the applicable provisions of the irc. However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2024 or 2023 for unrelated business taxable income. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan administrator has analyzed the tax positions taken by the plan and has concluded that as of december 31, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

“Adjustment to Claims Payable - -11000”

Raw XML Appendix374 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS.
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt07788356
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0James W Steele Jr
IRS990/BooksInCareOfDetail/PhoneNum02055100515
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 12326
IRS990/BooksInCareOfDetail/USAddress/CityNm0Birmingham
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035202
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt038600
IRS990/CashNonInterestBearingGrp/EOYAmt040119
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt07788356
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0349279
IRS990/CYOtherExpensesAmt0548621
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt07809413
IRS990/CYRevenuesLessExpensesAmt0-178285
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt08336977
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08158692
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt0548621
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt050.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250351
IRS990/Form990PartVIISectionAGrp/PersonNm0Blue Cross Blue Shield
IRS990/Form990PartVIISectionAGrp/PersonNm1Regions Bank
IRS990/Form990PartVIISectionAGrp/PersonNm2James W Steele Jr
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2635565
IRS990/Form990PartVIISectionAGrp/TitleTxt0Plan Administrator
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec. Treas. Plan Sponsor
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0189290
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0189290
IRS990/GrossReceiptsAmt08158692
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0159989
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0159989
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06033741
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06308644
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PROVIDE FUNDING FOR BENEFITS (MEDICAL, LIFE, HEALTH, ACCIDENT AND SIMILAR BENEFITS) FOR ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS, IN ACCORDANCE WITH THE EMPLOYEE BENEFIT PLAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05653947
IRS990/NetAssetsOrFundBalancesEOYAmt05719190
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0189290
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0189290
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0243528
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05653947
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05719190
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0223606
IRS990/OtherAssetsTotalGrp/EOYAmt01427
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0642000
IRS990/OtherLiabilitiesGrp/EOYAmt0631000
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0James W Steele Jr
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Participant Contributions
IRS990/ProgramServiceRevenueGrp/Desc1Employer Contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04290624
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13518789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04290624
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13518789
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt08183469
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0193183
IRS990/PYOtherExpensesAmt0796771
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt08926225
IRS990/PYRevenuesLessExpensesAmt0139168
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt08980240
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09119408
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-178285
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-11000
IRS990ScheduleD/ExpensesSubtotalAmt08347977
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0243528
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-11000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0631000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS PAYABLE
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt0243528
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08158692
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C) 9 OF THE INTERNAL REVENUE CODE ("IRC"), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") AND THE PLAN SPONSOR BELIEVES THAT THE TRUST CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2024 OR 2023 FOR UNRELATED BUSINESS TAXABLE INCOME. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Adjustment to Claims Payable - -11000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements
IRS990ScheduleD/TotalExpensesPerForm990Amt08336977
IRS990ScheduleD/TotalLiabilityAmt0631000
IRS990ScheduleD/TotalRevenuePerForm990Amt08158692
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08402220
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08347977
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0635565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt025772
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James W Steele Jr
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Sec. Treas. Plan Sponsor
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0685916
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHOTOCOPIES OF THE FORM 1023 AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE PLAN SPONSOR. RECENT FILINGS OF THE FORM 990 CAN BE ACCESSED THROUGH GUIDESTAR.ORG, A NON-PROFIT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BASED ON THE ORGANIZATION'S FACTS AND CIRCUMSTANCES, INCLUDING ITS SIZE, TYPE, AND CULTURE, THE ORGANIZATION HAS DECIDED NOT TO ADOPT THIS AND OTHER POLICIES AND PRACTICES INCLUDED ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLETED AUDIT REPORT AND FORM 990 ARE REVIEWED BY JAMES W. STEELE, JR., VP/CFO OF PLAN SPONSOR AND ANY QUESTIONS OR CONCERNS REGARDING THE AUDIT AND FORM 990 ARE DISCUSSED WITH THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VP & CFO OF TRACTOR & EQUIPMENT COMPANY, PLAN SPONSOR, DETERMINES THE INVESTMENT POLICY TO BE FOLLOWED BY THE TRUSTEES ACCORDING TO PROVISIONS OF THE EMPLOYEE BENEFIT PLAN AND HEALTH CARE TRUST AGREEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPLETED AUDIT REPORT AND FORM 990 WERE PRESENTED TO JAMES W. STEELE, VP & CFO FOR REVIEW. QUESTIONS AND ANSWERS REGARDING THE AUDIT REPORT AND/OR THE FORM 990 ARE DISCUSSED WITH THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE FORM 990 WAS APPROVED AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE PLAN SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8a Documentation of meetings held by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c Change of oversight process or selection process
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0630211767
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Construction Equipment
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0TRACTOR & EQUIPMENT COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt05336 Messer Airport Highway
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Birmingham
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd035212
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06295947
IRS990/TotalAssetsEOYAmt06350190
IRS990/TotalAssetsGrp/BOYAmt06295947
IRS990/TotalAssetsGrp/EOYAmt06350190
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08336977
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0642000
IRS990/TotalLiabilitiesEOYAmt0631000
IRS990/TotalLiabilitiesGrp/BOYAmt0642000
IRS990/TotalLiabilitiesGrp/EOYAmt0631000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05653947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05719190
IRS990/TotalOtherCompensationAmt050351
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt07809413
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0349279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07809413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08158692
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06295947
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06350190
IRS990/TotReportableCompRltdOrgAmt0635565
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05336 AIRPORT HIGHWAY
IRS990/USAddress/CityNm0Birmingham
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035212
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0James W Steele Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer Plan Sponsor
ReturnHeader/BusinessOfficerGrp/PhoneNum02055912131
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRACTOR & EQUIPMENT HEALTH CARE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TRAC
ReturnHeader/Filer/EIN0630819083
ReturnHeader/Filer/PhoneNum02055912131
ReturnHeader/Filer/USAddress/AddressLine1Txt05336 AIRPORT HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0Birmingham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035212
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forvis Mazars LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 Ridgefield Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Asheville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Bibby
ReturnHeader/ReturnTs02025-11-12T09:41:42+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.