Civic Intelligence

Wtfb MID County

EIN 81-3011126 • 501(c)3 • Odessa, TX

Profile

To develop and lease a facility in Midland, Texas for the West Texas Food Bank for use solely in their mission to support the nutritional needs of children, families, and seniors in West Texas.

411 S PagewoodOdessa, TX 79761

www.wtxfoodbank.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

78.91x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

2nd percentile

-234%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$199,228

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 284.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $5,075,651 (-100%) from 2022

Liabilities

Down

$0

Down $5,523,451 (-100%) from 2022

Net Assets

Up

$0

Up $447,800 (+100%) from 2022

Revenue

Up

$1,529,434

Up $1,459,434 (+2085%) from 2022

Expenses

Up

$265,348

Up $31,672 (+14%) from 2022

Net Income

Up

$1,264,086

Up $1,427,762 (+872%) from 2022

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $6,702,711Liabilities 2016: $5,814,748Net Assets 2016: $887,9632016Assets 2017: $6,215,750Liabilities 2017: $5,472,626Net Assets 2017: $743,1242017Assets 2018: $6,020,795Liabilities 2018: $5,460,255Net Assets 2018: $560,5402018Assets 2019: $5,573,773Liabilities 2019: $5,476,054Net Assets 2019: $97,7192019Assets 2020: $5,399,528Liabilities 2020: $5,491,907Net Assets 2020: -$92,3792020Assets 2021: $5,250,415Liabilities 2021: $5,534,539Net Assets 2021: -$284,1242021Assets 2022: $5,075,651Liabilities 2022: $5,523,451Net Assets 2022: -$447,8002022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $902,500Expenses 2016: $14,537Net Income 2016: $887,9632016Revenue 2017: $70,000Expenses 2017: $214,839Net Income 2017: -$144,8392017Revenue 2018: $70,000Expenses 2018: $252,584Net Income 2018: -$182,5842018Revenue 2019: $70,000Expenses 2019: $264,589Net Income 2019: -$194,5892019Revenue 2020: $70,000Expenses 2020: $260,098Net Income 2020: -$190,0982020Revenue 2021: $70,000Expenses 2021: $261,745Net Income 2021: -$191,7452021Revenue 2022: $70,000Expenses 2022: $233,676Net Income 2022: -$163,6762022Revenue 2023: $1,529,434Expenses 2023: $265,348Net Income 2023: $1,264,0862023

Highlighted filing

2023

Revenue$1,529,434
Expenses$265,348
Net Income$1,264,086

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jul 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,529,434
Mission and Program Overview

Mission

To develop and lease a facility in Midland, Texas for the West Texas Food Bank for use solely in their mission to support the nutritional needs of children, families, and seniors in West Texas.

The organization is a supporting organization formed to develop and lease property to the West Texas Food Bank. This was done through a combination of donations and New Market Tax Credit borrowings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,954,941--
Cash and Non-Interest-Bearing Accounts$120,710--
Total Assets$5,075,651$0▼ $5,075,651
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,523,451--
Total Liabilities$5,523,451$0▼ $5,523,451
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-447,800--
Total Net Assets Fund Balance$-447,800$0▲ $447,800
Total Liabilities and Net Assets / Fund Balance$5,075,651$0▼ $5,075,651
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wade KuehlerPresident
Chris GarrettDirector
Raymond ChavezDirector
Ashlee ThompsonSecretary
Joey RuizTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,529,434
Change in Net Assets
$1,264,086

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,529,434
Total Revenue per Audited Statements
$1,529,434
Total Revenue per Form 990
$1,529,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,348
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
Depreciation Depletion-$151,773-$151,773
Interest-$75,591-$75,591
Fees for Services Accounting-$36,886-$36,886
Office Expenses-$1,098-$1,098
Total Functional Expenses$0$265,348$0$265,348

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$265,348
Total Expenses per Audited Statements$265,348
Total Expenses per Form 990$265,348
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is presented along with the audited financial statements to the board of directors for their review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members complete a conflict of interest policy statement upon election to the board to disclose any personal or business interests. Officers monitor actions taken at board meetings and management of the West Texas Food Bank monitors business transactions to identify any potential conflicts of interest. Board members must abstain from any votes for which a potential conflict may exist. Vendor transactions are monitored for any potential conflicts by the West Texas Food Bank executive management team.

Form 990, Part VI, Section C, Line 19

All documents are available for public inspection at the administrative offices at 411 S. Pagewood, Odessa, TX 79761. The 990 and audited financial statements are published on the West Texas Food Banks website and the 990 will also be available on www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Wtfb Mid County
EIN
81-3011126
Phone
4325806333
Address
411 S PAGEWOOD, ODESSA, TX 79761

Signing Officer

Name
Wade Kuehler
Title
Board President
Phone
4325806333
Signed
2024-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wade Kuehler
Formed
2016
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net assets transferred to West Texas Food Bank, the supported organization asa result of the New Market Tax Credit windup finalized August 18, 2023. As stated in the attached resolutions of dissolution and board minutes, WTFB Mid Co is in the process of being dissolved and this being the final 990 filed for the year ended September 30, 2023.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part I Section A Line 12g WTFB Mid County developed and leases the Midland facility at 1601 Westcliff Dr. Midland TX 79703 to the supported organization, West Texas Food Bank. This was done through a capital campaign by the Food Bank and borrowings through the New Market Tax Credit prograam in compliance with IRS Section 45D. The organization leased the facility to the Food Bank for 52,500annually per the lease agreement.
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IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Building, cash, and all net assets
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-08-18
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0752057692
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0816286
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501c3
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Net book value
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0West Texas Food Bank
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0411 S Pagewood
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Odessa
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd079761
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Transfer of net assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-08-18
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0752057692
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0816286
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501c3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0West Texas Food Bank
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0411 S Pagewood
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Odessa
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd079761
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is presented along with the audited financial statements to the board of directors for their review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members complete a conflict of interest policy statement upon election to the board to disclose any personal or business interests. Officers monitor actions taken at board meetings and management of the West Texas Food Bank monitors business transactions to identify any potential conflicts of interest. Board members must abstain from any votes for which a potential conflict may exist. Vendor transactions are monitored for any potential conflicts by the West Texas Food Bank executive management team.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available for public inspection at the administrative offices at 411 S. Pagewood, Odessa, TX 79761. The 990 and audited financial statements are published on the West Texas Food Banks website and the 990 will also be available on www.guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Net assets transferred to West Texas Food Bank, the supported organization asa result of the New Market Tax Credit windup finalized August 18, 2023. As stated in the attached resolutions of dissolution and board minutes, WTFB Mid Co is in the process of being dissolved and this being the final 990 filed for the year ended September 30, 2023.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0West Texas Food Bank
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752057692
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Food distribution
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0411 S Pagewood
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Odessa
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079761
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05900000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt152500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2816286
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Loan carrying value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Lease agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Book value of net assets transferred to WTFB upon NMTC windup
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0West Texas Food Bank
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1West Texas Food Bank
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2West Texas Food Bank
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0e
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1j
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2r
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt05075651
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt05075651
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0265348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05523451
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05523451
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-447800
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt017504
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01476934
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01529434
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05075651
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0186996
IRS990/TravelGrp/TotalAmt00

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