Civic Intelligence

Faust Distributing Co Employee Benefit Plan

990 • Fiscal year 2022 • EIN 76-0239462

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 07, 2023

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

82nd percentile

0.21x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.07x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Asset Growth

93rd percentile

46%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

3.8%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$1,028,360

Up $322,252 (+46%) from 2021

Net Assets

Up

$813,235

Up $555,571 (+216%) from 2021

Liabilities

Down

$215,125

Down $233,319 (-52%) from 2021

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin73rd percentile

Revenue

Up

$3,191,855

Up $116,614 (+3.8%) from 2021

Expenses

Down

$2,636,284

Down $1,210,490 (-31%) from 2021

Net Income

Up

$555,571

Up $1,327,104 (+172%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2022

Assets$1,028,360
Liabilities$215,125
Net Assets$813,235
Open 2022 Filing

Operations Trend

Revenue Growth61st 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

2022

Revenue$3,191,855
Expenses$2,636,284
Net Income$555,571
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 7, 2023
Return Version
2022v5.0
Gross Receipts
$3,191,855
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$672,266$993,468▲ $321,202
Rtn Earn Endowment Incm Other Fnds$257,664$813,235▲ $555,571
Accounts Receivable$33,842$34,892▲ $1,050
Total Assets$706,108$1,028,360▲ $322,252
Liabilities
Other Liabilities$448,444$215,125▼ $233,319
Total Liabilities$448,444$215,125▼ $233,319
Net Assets / Fund Balance
Total Net Assets Fund Balance$257,664$813,235▲ $555,571
Total Liabilities and Net Assets / Fund Balance$706,108$1,028,360▲ $322,252
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
DONALD FAUST JrChairman
Jason GietkaTrustee
Rick ForcierTrustee
Tyson FaustTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,191,855
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$555,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,191,855
Total Revenue per Audited Statements
$3,191,855
Total Revenue per Form 990
$3,191,855
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$2,636,284--$2,636,284
Total Functional Expenses$2,636,284$0$0$2,636,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,869,602
Total Expenses per Audited Statements$2,869,602
Total Expenses per Form 990$2,636,284
Expenses Not Reported on Financial Statements$-233,318
Other Expense Adjustments$-233,318
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$215,125
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 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
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
Jason Gietka
Title
Chairman
Phone
7136735111
Signed
2023-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Gietka
Formed
1988
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Edwards and Leathers PC
Address
PO Box 860, Baytown, TX 77522
Preparer
Mike Leathers 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”

Financial Statement Notes

X 3

“Generally accepted accounting principles require management to evaluate tax positions taken and recognize a liability if the entity has taken an uncertain position that more than likely would not be sustained upon examination by the Internal Revenue Service. Management had evaluated the tax positions taken or expected to be taken by the plan 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 in progress for any tax periods. Management believes the Plan is no longer subject to income tax examinations for years prior to 2019.”

Raw XML Appendix333 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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0706108
IRS990/TotalAssetsEOYAmt01028360
IRS990/TotalAssetsGrp/BOYAmt0706108
IRS990/TotalAssetsGrp/EOYAmt01028360
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02636284
IRS990/TotalFunctionalExpensesGrp/TotalAmt02636284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0448444
IRS990/TotalLiabilitiesEOYAmt0215125
IRS990/TotalLiabilitiesGrp/BOYAmt0448444
IRS990/TotalLiabilitiesGrp/EOYAmt0215125
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0257664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0813235
IRS990/TotalProgramServiceExpensesAmt02636284
IRS990/TotalProgramServiceRevenueAmt03191855
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03191855
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03191855
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0706108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01028360
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010040 I10 East
IRS990/USAddress/CityNm0Houston
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077029
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Gietka
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum07136735111
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-07
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/PreparerFirmEIN0208739519
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/PreparationDt02023-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mike Leathers CPA
ReturnHeader/ReturnTs02023-10-07T12:44:21-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jason
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gietka
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,028,360
Liabilities
$215,125
Net assets
$813,235
Revenue
$3,191,855
Expenses
$2,636,284
Net income
$555,571
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
2022Detailed filing. Detailed filing data is available for this year.$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