Civic Intelligence

Faust Distributing Co Employee Benefit Plan

990 • Fiscal year 2015 • EIN 76-0239462

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 24, 2016

Organization Profile

View Organization Page

10040 I 10 EastHouston, TX 77029

(713) 673-5111

Siviq Scores

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

Liabilities / Assets

86th percentile

0.53x

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

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.10x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Asset Growth

99th percentile

774%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

36%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$585,317

Up $518,379 (+774%) from 2014

Net Assets

Up

$273,292

Up $529,354 (+207%) from 2014

Liabilities

Down

$312,025

Down $10,975 (-3.4%) from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin76th percentile

Revenue

Up

$2,996,513

Up $788,359 (+36%) from 2014

Expenses

Down

$2,467,159

Down $249,353 (-9.2%) from 2014

Net Income

Up

$529,354

Up $1,037,712 (+204%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,158,705Liabilities 2011: $583,482Net Assets 2011: $575,2232011Assets 2012: $497,069Liabilities 2012: $377,035Net Assets 2012: $120,0342012Assets 2013: $514,634Liabilities 2013: $262,414Net Assets 2013: $252,2202013Assets 2014: $66,938Liabilities 2014: $323,000Net Assets 2014: -$256,0622014Assets 2015: $585,317Liabilities 2015: $312,025Net Assets 2015: $273,2922015Assets 2016: $712,774Liabilities 2016: $168,605Net Assets 2016: $544,1692016Assets 2017: $936,233Liabilities 2017: $234,136Net Assets 2017: $702,0972017Assets 2018: $1,008,680Liabilities 2018: $262,100Net Assets 2018: $746,5802018Assets 2019: $1,143,508Liabilities 2019: $116,220Net Assets 2019: $1,027,2882019Assets 2020: $1,275,418Liabilities 2020: $246,221Net Assets 2020: $1,029,1972020Assets 2021: $706,108Liabilities 2021: $448,444Net Assets 2021: $257,6642021Assets 2022: $1,028,360Liabilities 2022: $215,125Net Assets 2022: $813,2352022Assets 2023: $1,002,291Liabilities 2023: $518,614Net Assets 2023: $483,6772023Assets 2024: $587,233Liabilities 2024: $496,000Net Assets 2024: $91,2332024

Highlighted filing

2015

Assets$585,317
Liabilities$312,025
Net Assets$273,292
Open 2015 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,599,0832011Revenue 2012: $2,022,619Expenses 2012: $2,477,808Net Income 2012: -$455,1892012Revenue 2013: $2,195,238Expenses 2013: $2,063,052Net Income 2013: $132,1862013Revenue 2014: $2,208,154Expenses 2014: $2,716,512Net Income 2014: -$508,3582014Revenue 2015: $2,996,513Expenses 2015: $2,467,159Net Income 2015: $529,3542015Revenue 2016: $3,813,079Expenses 2016: $3,542,202Net Income 2016: $270,8772016Revenue 2017: $3,281,865Expenses 2017: $3,123,937Net Income 2017: $157,9282017Revenue 2018: $3,628,022Expenses 2018: $3,583,540Net Income 2018: $44,4822018Revenue 2019: $3,254,178Expenses 2019: $2,973,470Net Income 2019: $280,7082019Revenue 2020: $3,242,334Expenses 2020: $3,240,425Net Income 2020: $1,9092020Revenue 2021: $3,075,241Expenses 2021: $3,846,774Net Income 2021: -$771,5332021Revenue 2022: $3,191,855Expenses 2022: $2,636,284Net Income 2022: $555,5712022Revenue 2023: $3,366,343Expenses 2023: $3,695,901Net Income 2023: -$329,5582023Revenue 2024: $3,079,858Expenses 2024: $3,472,302Net Income 2024: -$392,4442024

Highlighted filing

2015

Revenue$2,996,513
Expenses$2,467,159
Net Income$529,354
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 24, 2016
Return Version
2015v2.1
Gross Receipts
$2,996,513
Mission and Program Overview

Mission

The Plans mission is to provide health benefits to eligible members of the Plan.

The mission of this Plan is to provide medical benefits to eligible members of the Plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,711$455,376▲ $441,665
Rtn Earn Endowment Incm Other Fnds$-256,062$273,292▲ $529,354
Accounts Receivable$53,227$129,941▲ $76,714
Total Assets$66,938$585,317▲ $518,379
Liabilities
Other Liabilities$323,000$293,000▼ $30,000
Accounts Payable and Accrued Expenses-$19,025-
Total Liabilities$323,000$312,025▼ $10,975
Net Assets / Fund Balance
Total Net Assets Fund Balance$-256,062$273,292▲ $529,354
Total Liabilities and Net Assets / Fund Balance$66,938$585,317▲ $518,379
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
DONALD FAUST JrChairman
D ChancellorTrustee
Donald FaustTrustee
Rick ForcierTrustee
Tyson FaustTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,482,599
Investment Income
$0
Other Revenue
$513,914
Change in Net Assets
$529,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,996,513
Total Revenue per Audited Statements
$2,996,513
Total Revenue per Form 990
$2,996,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,891
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$2,439,268--$2,439,268
Other Expenses-$19,025-$19,025
Fees for Services Accounting-$7,900-$7,900
Total Functional Expenses$2,439,268$27,891$0$2,467,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,497,159
Expenses per Audited Statements$2,467,159
Total Expenses per Form 990$2,467,159
Expenses Not Reported on Form 990$30,000
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Reported , Not Paid$246,000
Federal income taxes$47,000
Claims Incurred, Not Reported-
A/P - Insurance Premiums-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 2

“Trustees have both family and business relationships with other Trustees.”

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“Members do not have the power to elect or appoint members of the governing body.”

Filing and Contact Details

Filer

Filer Name
FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN
EIN
76-0239462
Phone
7136735111
Address
10040 I 10 EAST, HOUSTON, TX 77029

Signing Officer

Name
Donald Chancellor
Title
CFO
Signed
2016-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Chancellor
Formed
1988
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Edwards and Leathers PC
Address
606 Rollingbrook Ste 1J, Baytown, TX 77521
Preparer
Mike Leathers
Phone
2814281655
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 20,196, Grants and allocations 0, Revenue 0 ACA Fees”

Form 990, Part III, Line 4D

“Program Service Expenses 20,196, Grants and allocations 0, Revenue 0 Wellness Program, Life Insurance, Exec U Care, Government Fee, Flex Plan”

Financial Statement Notes

XII

“Change in Benefit Obligations”

Raw XML Appendix361 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 20,196, Grants and allocations 0, Revenue 0 ACA Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 20,196, Grants and allocations 0, Revenue 0 Wellness Program, Life Insurance, Exec U Care, Government Fee, Flex Plan
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Trustees have both family and business relationships with other Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members do not have the power to elect or appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7a
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Faust DC LTD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt010040 I 10 EAST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd077029
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Faust Distributing Co
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Faust Distributing Co 401(k) Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0741386097
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501a
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Retirement Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010040 I 10 East
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077229
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt066938
IRS990/TotalAssetsEOYAmt0585317
IRS990/TotalAssetsGrp/BOYAmt066938
IRS990/TotalAssetsGrp/EOYAmt0585317
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02439268
IRS990/TotalFunctionalExpensesGrp/TotalAmt02467159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0323000
IRS990/TotalLiabilitiesEOYAmt0312025
IRS990/TotalLiabilitiesGrp/BOYAmt0323000
IRS990/TotalLiabilitiesGrp/EOYAmt0312025
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-256062
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0273292
IRS990/TotalOtherProgSrvcExpenseAmt020196
IRS990/TotalProgramServiceExpensesAmt02439268
IRS990/TotalProgramServiceRevenueAmt02482599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02996513
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02996513
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0585317
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010040 I10 East
IRS990/USAddress/CityNm0Houston
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077029
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Donald Chancellor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN
ReturnHeader/Filer/BusinessNameControlTxt0FAUS
ReturnHeader/Filer/EIN0760239462
ReturnHeader/Filer/PhoneNum07136735111
ReturnHeader/Filer/USAddress/AddressLine1Txt010040 I 10 EAST
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077029
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Edwards and Leathers PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0606 Rollingbrook Ste 1J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baytown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077521
ReturnHeader/PreparerPersonGrp/PhoneNum02814281655
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mike Leathers
ReturnHeader/ReturnTs02016-10-24T08:57:18-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$585,317
Liabilities
$312,025
Net assets
$273,292
Revenue
$2,996,513
Expenses
$2,467,159
Net income
$529,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.50$0.09$3.08$3.47$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.52$0.48$3.37$3.70$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.22$0.81$3.19$2.64$0.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.45$0.26$3.08$3.85$0.77
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.25$1.03$3.24$3.24$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.12$1.03$3.25$2.97$0.28
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.26$0.75$3.63$3.58$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.23$0.70$3.28$3.12$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.17$0.54$3.81$3.54$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.31$0.27$3.00$2.47$0.53
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.32$0.26$2.21$2.72$0.51
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.26$0.25$2.20$2.06$0.13
2012Summary only. Only limited summary data is available for this year.$0.50$0.38$0.12$2.02$2.48$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.58$0.58$1.60
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)9 • $1M-$5M nonprofits