Civic Intelligence

Agbenefits

990 • Fiscal year 2018 • EIN 85-6127618

Jun 01, 2017 to May 31, 2018 • Filed on Oct 01, 2018

P O Box 50850Amarillo, TX 79159

(806) 544-9592

Siviq Scores

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

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.17x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Net Margin

31st percentile

-0.7%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Asset Growth

25th percentile

-6.3%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

4.4%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,459,673

Down $165,684 (-6.3%) from 2017

Net Assets

Down

$1,027,314

Down $137,029 (-12%) from 2017

Liabilities

Down

$1,432,359

Down $28,655 (-2.0%) from 2017

Revenue

Up

$8,424,202

Up $352,995 (+4.4%) from 2017

Expenses

Down

$8,482,453

Down $402,048 (-4.5%) from 2017

Net Income

Up

-$58,251

Up $755,043 (+93%) from 2017

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

2018

Assets$2,459,673
Liabilities$1,432,359
Net Assets$1,027,314

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

2018

Revenue$8,424,202
Expenses$8,482,453
Net Income-$58,251
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Oct 1, 2018
Return Version
2017v2.2
Gross Receipts
$8,424,202
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$1,852,845$1,811,814▼ $41,031
Rtn Earn Endowment Incm Other Fnds$1,164,343$1,027,314▼ $137,029
Cash and Non-Interest-Bearing Accounts$363,132$363,740▲ $608
Other Notes and Loans Receivable, Net$296,438$221,510▼ $74,928
Land, Buildings, and Equipment, Net$92,646$58,536▼ $34,110
Prepaid Expenses and Deferred Charges$18,301$2,973▼ $15,328
Accounts Receivable$895$0▼ $895
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$2,625,357$2,459,673▼ $165,684
Other Assets Total$1,100$1,100→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,396,149$1,342,210▼ $53,939
Deferred Revenue$64,865$88,549▲ $23,684
Other Liabilities-$1,600-
Total Liabilities$1,461,014$1,432,359▼ $28,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,164,343$1,027,314▼ $137,029
Total Liabilities and Net Assets / Fund Balance$2,625,357$2,459,673▼ $165,684

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$56,045$188,238$244,283
Equipment-$5,000$5,000
Leasehold Improvements$2,491$1,295$3,786
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul WilsonPresident
Buzz CoooperDirector
Craig RohrbachDirector
Tommy EnglekeDirector
Tony WilliamsDirector
Kimberly HolcombExecutive Director
Bret BrownSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,392,402
Investment Income
$31,800
Other Revenue
$0
Change in Net Assets
$-58,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,424,202
Total Revenue per Audited Statements
$8,424,202
Total Revenue per Form 990
$8,424,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,698,390
Salaries, Compensation, and Employee Benefits$784,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$517,217$2,120-$519,337
Other Salaries and Wages$355,256$106,116-$461,372
Other Expenses$209,706--$209,706
Current Officers, Directors, Trustees, and Key Employees$111,058$47,596-$158,654
Other Employee Benefits$53,488$22,924-$76,412
Payroll Taxes$34,640$14,846-$49,486
Fees for Services Legal$43,772$4,864-$48,636
Depreciation Depletion$39,288$4,365-$43,653
Pension Plan Contributions$26,697$11,442-$38,139
Travel$20,854$2,317-$23,171
Advertising$18,760$2,085-$20,845
Office Expenses$17,448$1,939-$19,387
Occupancy$17,280$1,920-$19,200
Fees for Services Accounting$10,350$1,150-$11,500
Insurance$5,036$560-$5,596
Interest$3,932$437-$4,369
Total Functional Expenses$8,257,772$224,681$0$8,482,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,482,453
Total Expenses per Audited Statements$8,482,453
Total Expenses per Form 990$8,482,453
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$1,600
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
Phone
8065449592
Address
P O BOX 50850, AMARILLO, TX 79159

Signing Officer

Name
Kim Holcomb
Title
Executive Director
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
9

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 = -$78778

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0106116
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0355256
IRS990/OtherSalariesAndWagesGrp/TotalAmt0461372
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0296438
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0221510
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014846
IRS990/PayrollTaxesGrp/ProgramServicesAmt034640
IRS990/PayrollTaxesGrp/TotalAmt049486
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011442
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026697
IRS990/PensionPlanContributionsGrp/TotalAmt038139
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018301
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02973
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CLAIM PAYMENT REFUNDS
IRS990/ProgramServiceRevenueGrp/Desc1INCREASE IN IBNR RESERVES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3PREMIUM CONTRIBUTUIONS
IRS990/ProgramServiceRevenueGrp/Desc4REBATES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt054878
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt178778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38199065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt430112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt054878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt178778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38199065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt430112
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt021709
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08153779
IRS990/PYProgramServiceRevenueAmt08049498
IRS990/PYRevenuesLessExpensesAmt0-813294
IRS990/PYSalariesCompEmpBnftPaidAmt0730722
IRS990/PYTotalExpensesAmt08884501
IRS990/PYTotalRevenueAmt08071207
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-58251
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01164343
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01027314
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01852845
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01811814
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/ExpensesSubtotalAmt08482453
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02491
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01295
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03786
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt056045
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0188238
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0244283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt08424202
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058536
IRS990ScheduleD/TotalExpensesPerForm990Amt08482453
IRS990ScheduleD/TotalLiabilityAmt01600
IRS990ScheduleD/TotalRevenuePerForm990Amt08424202
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08424202
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08482453
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 = -$78778
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/TotalAssetsBOYAmt02625357
IRS990/TotalAssetsEOYAmt02459673
IRS990/TotalAssetsGrp/BOYAmt02625357
IRS990/TotalAssetsGrp/EOYAmt02459673
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0224681
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08257772
IRS990/TotalFunctionalExpensesGrp/TotalAmt08482453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01461014
IRS990/TotalLiabilitiesEOYAmt01432359
IRS990/TotalLiabilitiesGrp/BOYAmt01461014
IRS990/TotalLiabilitiesGrp/EOYAmt01432359
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01164343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01027314
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06240
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06240
IRS990/TotalProgramServiceRevenueAmt08392402
IRS990/TotalRevenueGrp/ExclusionAmt031800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08392402
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08424202
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02625357
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02459673
IRS990/TravelGrp/ManagementAndGeneralAmt02317
IRS990/TravelGrp/ProgramServicesAmt020854
IRS990/TravelGrp/TotalAmt023171
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM HOLCOMB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS AGRICULTURAL COOPERATIVE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0856127618
ReturnHeader/Filer/PhoneNum08065449592
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 50850
ReturnHeader/Filer/USAddress/CityNm0AMARILLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079159
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752759416
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSELEY & RIDDLE

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