Civic Intelligence

Faust Distributing Co Employee Benefit Plan

990 • Fiscal year 2018 • EIN 76-0239462

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 11, 2019

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

80th percentile

0.26x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.07x

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

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

1.2%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Asset Growth

69th percentile

7.7%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,008,680

Up $72,447 (+7.7%) from 2017

Net Assets

Up

$746,580

Up $44,483 (+6.3%) from 2017

Liabilities

Up

$262,100

Up $27,964 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin49th percentile

Revenue

Up

$3,628,022

Up $346,157 (+11%) from 2017

Expenses

Up

$3,583,540

Up $459,603 (+15%) from 2017

Net Income

Down

$44,482

Down $113,446 (-72%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2018

Assets$1,008,680
Liabilities$262,100
Net Assets$746,580
Open 2018 Filing

Operations Trend

Revenue Growth68th 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

2018

Revenue$3,628,022
Expenses$3,583,540
Net Income$44,482
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 11, 2019
Return Version
2018v3.1
Gross Receipts
$3,628,022
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$506,572$935,043▲ $428,471
Rtn Earn Endowment Incm Other Fnds$702,097$746,580▲ $44,483
Accounts Receivable$429,661$73,637▼ $356,024
Total Assets$936,233$1,008,680▲ $72,447
Liabilities
Other Liabilities$234,136$262,100▲ $27,964
Total Liabilities$234,136$262,100▲ $27,964
Net Assets / Fund Balance
Total Net Assets Fund Balance$702,097$746,580▲ $44,483
Total Liabilities and Net Assets / Fund Balance$936,233$1,008,680▲ $72,447
Compensation and Service Providers
Top Officer Pay52nd 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
$3,123,897
Investment Income
$0
Other Revenue
$504,125
Change in Net Assets
$44,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,628,022
Total Revenue per Audited Statements
$3,628,022
Total Revenue per Form 990
$3,628,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,475
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$3,542,065--$3,542,065
Other Expenses-$22,730-$22,730
Fees for Services Accounting-$11,240-$11,240
Total Functional Expenses$3,542,065$41,475$0$3,583,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,583,540
Expenses per Audited Statements$3,555,576
Total Expenses per Audited Statements$3,555,576
Expenses Not Reported on Financial Statements$27,964
Other Expense Adjustments$27,964
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
Federal income taxes$262,100
CLAIMS REPORTED , NOT PAID and-
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

“Certain members do have the power to 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
Chairman
Signed
2019-10-11
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
PO Box 860, Baytown, TX 77522
Preparer
Larry Edwards CPA
Phone
2814281655
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

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

Form 990, Part III, Line 4D

“Program Service Expenses Expense0, Grants 0, Revenue 0”

Form 990, Part XII, Line 2B

“The organizations financial statements were audited by an independent CPA firm.”

Financial Statement Notes

4B

“The change in benefit obligations.”

Raw XML Appendix352 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/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/FSAuditedInd0true
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherRevenueMiscGrp/Desc0Stop Loss Reimbursement
IRS990/OtherRevenueMiscGrp/Desc1Prescription Rebates
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 ACA Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses Expense0, Grants 0, Revenue 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Trustees have both family and business relationships with other Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Certain members do have the power to appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organizations financial statements were audited by an independent CPA firm.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2b
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Donald Chancellor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN
ReturnHeader/Filer/BusinessNameControlTxt0FAUS
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ReturnHeader/Filer/PhoneNum07136735111
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ReturnHeader/FilingSecurityInformation/IPTm014:11:09
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Edwards and Leathers PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 860
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baytown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077522
ReturnHeader/PreparerPersonGrp/PhoneNum02814281655
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Larry Edwards CPA
ReturnHeader/ReturnTs02019-10-11T09:50:18-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,008,680
Liabilities
$262,100
Net assets
$746,580
Revenue
$3,628,022
Expenses
$3,583,540
Net income
$44,482
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
2018Detailed filing. Detailed filing data is available for this year.$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