Civic Intelligence

Faust Distributing Co Employee Benefit Plan

990 • Fiscal year 2024 • EIN 76-0239462

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 21, 2025

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

93rd percentile

0.84x

Higher debt load relative to assets than 93% of similar nonprofits.

2024 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2024 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2024 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-41%

Faster asset growth than 6% of similar nonprofits.

2024 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-8.5%

Faster revenue growth than 18% of similar nonprofits.

2024 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$587,233

Down $415,058 (-41%) from 2023

Net Assets

Down

$91,233

Down $392,444 (-81%) from 2023

Liabilities

Down

$496,000

Down $22,614 (-4.4%) from 2023

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin17th percentile

Revenue

Down

$3,079,858

Down $286,485 (-8.5%) from 2023

Expenses

Down

$3,472,302

Down $223,599 (-6.0%) from 2023

Net Income

Down

-$392,444

Down $62,886 (-19%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2024

Assets$587,233
Liabilities$496,000
Net Assets$91,233
Open 2024 Filing

Operations Trend

Revenue Growth18th 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

2024

Revenue$3,079,858
Expenses$3,472,302
Net Income-$392,444
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$3,079,858
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$752,987$323,699▼ $429,288
Accounts Receivable$249,304$263,534▲ $14,230
Rtn Earn Endowment Incm Other Fnds$483,677$91,233▼ $392,444
Total Assets$1,002,291$587,233▼ $415,058
Liabilities
Other Liabilities$518,614$496,000▼ $22,614
Total Liabilities$518,614$496,000▼ $22,614
Net Assets / Fund Balance
Total Net Assets Fund Balance$483,677$91,233▼ $392,444
Total Liabilities and Net Assets / Fund Balance$1,002,291$587,233▼ $415,058
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
DONALD FAUST JrChairman
Harry FaustTrustee
Jason GietkaTrustee
Tyson FaustTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,079,858
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-392,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,079,858
Total Revenue per Audited Statements
$3,079,858
Total Revenue per Form 990
$3,079,858
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$3,472,302--$3,472,302
Total Functional Expenses$3,472,302$0$0$3,472,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,494,916
Total Expenses per Audited Statements$3,494,916
Total Expenses per Form 990$3,472,302
Expenses Not Reported on Financial Statements$-22,614
Other Expense Adjustments$-22,614
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$496,000
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
2025-10-21
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
4500 N Main St Ste C, Baytown, TX 77521
Preparer
Michael R 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 periods. Management believes the Plan is no longer subject to income tax examinations for years prior to 2021”

Raw XML Appendix326 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/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01002291
IRS990/TotalAssetsEOYAmt0587233
IRS990/TotalAssetsGrp/BOYAmt01002291
IRS990/TotalAssetsGrp/EOYAmt0587233
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03472302
IRS990/TotalFunctionalExpensesGrp/TotalAmt03472302
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0518614
IRS990/TotalLiabilitiesEOYAmt0496000
IRS990/TotalLiabilitiesGrp/BOYAmt0518614
IRS990/TotalLiabilitiesGrp/EOYAmt0496000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0483677
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt091233
IRS990/TotalProgramServiceExpensesAmt03472302
IRS990/TotalProgramServiceRevenueAmt03079858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03079858
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03079858
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01002291
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0587233
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Gietka
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum07136735111
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-21
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/AddressLine1Txt04500 N Main St Ste C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baytown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077521
ReturnHeader/PreparerPersonGrp/PhoneNum02814281655
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael R Leathers CPA
ReturnHeader/ReturnTs02025-10-21T02:38:27-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$587,233
Liabilities
$496,000
Net assets
$91,233
Revenue
$3,079,858
Expenses
$3,472,302
Net income
-$392,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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