Civic Intelligence

Agbenefits

990 • Fiscal year 2015 • EIN 85-6127618

Jun 01, 2014 to May 31, 2015 • Filed on Sep 14, 2015

915 AustinLevelland, TX 79336

(806) 747-7894

Siviq Scores

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

Liabilities / Assets

77th percentile

0.27x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.12x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$85,065

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2015

Asset Growth

11th percentile

-25%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

21%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,270,925

Down $1,096,039 (-25%) from 2014

Net Assets

Down

$2,398,900

Down $1,482,566 (-38%) from 2014

Liabilities

Up

$872,025

Up $386,527 (+80%) from 2014

Revenue

Up

$7,127,272

Up $1,260,129 (+21%) from 2014

Expenses

Up

$7,898,715

Up $2,128,148 (+37%) from 2014

Net Income

Down

-$771,443

Down $868,019 (-899%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,497,392Liabilities 2012: $697,588Net Assets 2012: $2,799,8042012Assets 2013: $4,019,702Liabilities 2013: $633,995Net Assets 2013: $3,385,7072013Assets 2014: $4,366,964Liabilities 2014: $485,498Net Assets 2014: $3,881,4662014Assets 2015: $3,270,925Liabilities 2015: $872,025Net Assets 2015: $2,398,9002015Assets 2016: $2,948,043Liabilities 2016: $1,242,379Net Assets 2016: $1,705,6642016Assets 2017: $2,625,357Liabilities 2017: $1,461,014Net Assets 2017: $1,164,3432017Assets 2018: $2,459,673Liabilities 2018: $1,432,359Net Assets 2018: $1,027,3142018Assets 2019: $2,914,912Liabilities 2019: $2,693,774Net Assets 2019: $221,1382019Assets 2020: $914,556Liabilities 2020: $133,063Net Assets 2020: $781,4932020Assets 2021: $549,360Liabilities 2021: $0Net Assets 2021: $549,3602021Assets 2022: $539,529Liabilities 2022: $0Net Assets 2022: $539,5292022Assets 2023: $532,859Liabilities 2023: $0Net Assets 2023: $532,8592023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$3,270,925
Liabilities$872,025
Net Assets$2,398,900

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $6,997,741Expenses 2012: $6,619,355Net Income 2012: $378,3862012Revenue 2013: $6,444,422Expenses 2013: $5,831,865Net Income 2013: $612,5572013Revenue 2014: $5,867,143Expenses 2014: $5,770,567Net Income 2014: $96,5762014Revenue 2015: $7,127,272Expenses 2015: $7,898,715Net Income 2015: -$771,4432015Revenue 2016: $7,806,954Expenses 2016: $7,494,526Net Income 2016: $312,4282016Revenue 2017: $8,071,207Expenses 2017: $8,884,501Net Income 2017: -$813,2942017Revenue 2018: $8,424,202Expenses 2018: $8,482,453Net Income 2018: -$58,2512018Revenue 2019: $8,454,385Expenses 2019: $9,625,839Net Income 2019: -$1,171,4542019Revenue 2020: $4,402,737Expenses 2020: $3,842,382Net Income 2020: $560,3552020Revenue 2021: $11,206Expenses 2021: $243,339Net Income 2021: -$232,1332021Revenue 2022: $5,884Expenses 2022: $15,715Net Income 2022: -$9,8312022Revenue 2023: $472Expenses 2023: $7,142Net Income 2023: -$6,6702023Revenue 2024: $520Expenses 2024: $533,379Net Income 2024: -$532,8592024

Highlighted filing

2015

Revenue$7,127,272
Expenses$7,898,715
Net Income-$771,443
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Sep 14, 2015
Return Version
2014v5.0
Gross Receipts
$7,127,272
Mission and Program Overview

Mission

Provide fully insured life and health coverage under the self-insured multiple employer welfare arrangement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,901,023$2,654,332▼ $246,691
Rtn Earn Endowment Incm Other Fnds$3,881,466$2,398,900▼ $1,482,566
Cash and Non-Interest-Bearing Accounts$1,019,884$365,279▼ $654,605
Land, Buildings, and Equipment, Net$197,736$172,925▼ $24,811
Other Notes and Loans Receivable, Net$182,488$55,862▼ $126,626
Accounts Receivable$58,437$16,262▼ $42,175
Prepaid Expenses and Deferred Charges$6,396$5,165▼ $1,231
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,366,964$3,270,925▼ $1,096,039
Other Assets Total$1,000$1,100▲ $100
Liabilities
Accounts Payable and Accrued Expenses$469,377$822,314▲ $352,937
Deferred Revenue$16,121$49,711▲ $33,590
Total Liabilities$485,498$872,025▲ $386,527
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,881,466$2,398,900▼ $1,482,566
Total Liabilities and Net Assets / Fund Balance$4,366,964$3,270,925▼ $1,096,039

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$169,297$59,542$228,839
Equipment-$5,000$5,000
Leasehold Improvements$3,628$158$3,786
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kimberly HolcombExecutive Director$85,065$85,065

Board Members and Trustees

NameTitle
James Thrane TurnerChairman
Ben BoernerDirector
Craig RohrbachDirector
Dean SasserDirector
Paul WilsonDirector
Tony WilliamsDirector
Bret BrownSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,101,517
Investment Income
$25,755
Other Revenue
$0
Change in Net Assets
$-771,443

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,127,272
Total Revenue per Audited Statements
$7,127,272
Total Revenue per Form 990
$7,127,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,303,163
Salaries, Compensation, and Employee Benefits$595,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$493,201$1,422-$494,623
Other Salaries and Wages$219,001$93,857-$312,858
Other Expenses$203,166--$203,166
Current Officers, Directors, Trustees, and Key Employees$75,833$32,500-$108,333
Other Employee Benefits$66,706$28,588-$95,294
Pension Plan Contributions$32,229$13,812-$46,041
Fees for Services Legal$37,246$4,139-$41,385
Depreciation Depletion$36,290$4,037-$40,327
Payroll Taxes$23,118$9,908-$33,026
Advertising$22,745$2,527-$25,272
Office Expenses$21,900$2,433-$24,333
Occupancy$19,746$2,194-$21,940
Travel$15,500$1,722-$17,222
Fees for Services Accounting$7,802$3,344-$11,146
Insurance$10,029$1,114-$11,143
Interest$1,044$116-$1,160
Total Functional Expenses$7,697,002$201,713$0$7,898,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,898,715
Total Expenses per Audited Statements$7,898,715
Total Expenses per Form 990$7,898,715
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

CFO and Executive Director review the tax return. After finalizing the tax return, the Chairman of the Board reviews and signs the tax return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each year the Board of Directors and Key Employees sign a conflict of interest statement.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board and compensation committee review and approve compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Texas Agricultural Cooperative Trust
EIN
85-6127618
Address
915 AUSTIN, LEVELLAND, TX 79336

Signing Officer

Name
Kim Holcomb
Title
Executive Director
Signed
2015-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Thrane Turner
Formed
2002
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
6

Preparer

Firm
Moseley & Riddle
Address
621 West 7th Street, Plainview, TX 79072-6219
Preparer
Rita Moseley
Phone
8062933681
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in reserves = -$711123

Raw XML AppendixShowing 400 of 423 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/OtherExpensesGrp/Desc1REINSURANCE
IRS990/OtherExpensesGrp/Desc2CHANGE IN IBNR RESERVES
IRS990/OtherExpensesGrp/Desc3LIFE & HEALTH INS PREMIUMS
IRS990/OtherExpensesGrp/ProgramServicesAmt05586833
IRS990/OtherExpensesGrp/ProgramServicesAmt1428612
IRS990/OtherExpensesGrp/ProgramServicesAmt2396001
IRS990/OtherExpensesGrp/ProgramServicesAmt3203166
IRS990/OtherExpensesGrp/TotalAmt05586833
IRS990/OtherExpensesGrp/TotalAmt1428612
IRS990/OtherExpensesGrp/TotalAmt2396001
IRS990/OtherExpensesGrp/TotalAmt3203166
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt093857
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0219001
IRS990/OtherSalariesAndWagesGrp/TotalAmt0312858
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0182488
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt055862
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09908
IRS990/PayrollTaxesGrp/ProgramServicesAmt023118
IRS990/PayrollTaxesGrp/TotalAmt033026
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013812
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032229
IRS990/PensionPlanContributionsGrp/TotalAmt046041
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06396
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05165
IRS990/PrincipalOfficerNm0JAMES THRANE TURNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/Desc1INCREASE RESERVE FUNDING
IRS990/ProgramServiceRevenueGrp/Desc2MEDICAL EXCESS CLAIM REIM
IRS990/ProgramServiceRevenueGrp/Desc3PREMIUM CONTRIBUTUIONS
IRS990/ProgramServiceRevenueGrp/Desc4REFUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1711123
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2540908
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35702900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt489327
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1711123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2540908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35702900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt489327
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt030126
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05391532
IRS990/PYProgramServiceRevenueAmt05837017
IRS990/PYRevenuesLessExpensesAmt096576
IRS990/PYSalariesCompEmpBnftPaidAmt0379035
IRS990/PYTotalExpensesAmt05770567
IRS990/PYTotalRevenueAmt05867143
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-771443
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03881466
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02398900
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02901023
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02654332
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/ExpensesSubtotalAmt07898715
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03628
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0158
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03786
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0169297
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059542
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0228839
IRS990ScheduleD/RevenueSubtotalAmt07127272
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0172925
IRS990ScheduleD/TotalExpensesPerForm990Amt07898715
IRS990ScheduleD/TotalRevenuePerForm990Amt07127272
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07127272
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07898715
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CFO and Executive Director review the tax return. After finalizing the tax return, the Chairman of the Board reviews and signs the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each year the Board of Directors and Key Employees sign a conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board and compensation committee review and approve compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN RESERVES = -$711123
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04366964
IRS990/TotalAssetsEOYAmt03270925
IRS990/TotalAssetsGrp/BOYAmt04366964
IRS990/TotalAssetsGrp/EOYAmt03270925
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0201713
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07697002
IRS990/TotalFunctionalExpensesGrp/TotalAmt07898715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0485498
IRS990/TotalLiabilitiesEOYAmt0872025
IRS990/TotalLiabilitiesGrp/BOYAmt0485498
IRS990/TotalLiabilitiesGrp/EOYAmt0872025
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03881466
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02398900
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt032259
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt032259
IRS990/TotalProgramServiceRevenueAmt07101517
IRS990/TotalReportableCompFromOrgAmt085065
IRS990/TotalRevenueGrp/ExclusionAmt025755
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07101517
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07127272
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04366964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03270925
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01722
IRS990/TravelGrp/ProgramServicesAmt015500
IRS990/TravelGrp/TotalAmt017222
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0BOX 610
IRS990/USAddress/CityNm0DALHART
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079022
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z

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