Civic Intelligence

Heavy Vehicle Electronic License Plate Inc

990 • Fiscal year 2019 • EIN 86-0730202

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 11, 2020

101 N First Avenue No 1900Phoenix, AZ 85003-1902

(602) 601-4779

Siviq Scores

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

Liabilities / Assets

99th percentile

2.48x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

2.08x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$266,777

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

36th percentile

1.5%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

12%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$105,669,939

Up $1,571,613 (+1.5%) from 2018

Net Assets

Up

-$156,105,580

Up $37,509,337 (+19%) from 2018

Liabilities

Down

$261,775,519

Down $35,937,724 (-12%) from 2018

Revenue

Up

$125,959,253

Up $13,129,414 (+12%) from 2018

Expenses

Up

$88,449,916

Up $14,204,206 (+19%) from 2018

Net Income

Down

$37,509,337

Down $1,074,792 (-2.8%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0B$500M$0-$500MAssets 2010: $39,895,571Liabilities 2010: $38,113,046Net Assets 2010: $1,782,5252010Assets 2011: $40,843,582Liabilities 2011: $39,104,577Net Assets 2011: $1,739,0052011Assets 2012: $38,909,695Liabilities 2012: $37,067,501Net Assets 2012: $1,842,1942012Assets 2013: $43,447,567Liabilities 2013: $41,727,130Net Assets 2013: $1,720,4372013Assets 2014: $75,295,753Liabilities 2014: $391,277,731Net Assets 2014: -$315,981,9782014Assets 2015: $88,551,940Liabilities 2015: $378,712,696Net Assets 2015: -$290,160,7562015Assets 2016: $100,409,657Liabilities 2016: $362,510,003Net Assets 2016: -$262,100,3462016Assets 2017: $94,584,334Liabilities 2017: $326,783,380Net Assets 2017: -$232,199,0462017Assets 2018: $104,098,326Liabilities 2018: $297,713,243Net Assets 2018: -$193,614,9172018Assets 2019: $105,669,939Liabilities 2019: $261,775,519Net Assets 2019: -$156,105,5802019Assets 2020: $107,093,906Liabilities 2020: $211,933,354Net Assets 2020: -$104,839,4482020Assets 2021: $130,323,660Liabilities 2021: $171,557,472Net Assets 2021: -$41,233,8122021Assets 2022: $556,122,211Liabilities 2022: $527,103,558Net Assets 2022: $29,018,6532022Assets 2023: $534,666,945Liabilities 2023: $458,704,064Net Assets 2023: $75,962,8812023Assets 2024: $501,427,931Liabilities 2024: $394,519,145Net Assets 2024: $106,908,7862024

Highlighted filing

2019

Assets$105,669,939
Liabilities$261,775,519
Net Assets-$156,105,580

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $61,049,6742010Revenue 2011: $66,145,916Expenses 2011: $66,189,436Net Income 2011: -$43,5202011Expenses 2012: $68,859,4402012Expenses 2013: $79,321,2892013Revenue 2014: $88,705,773Expenses 2014: $71,484,841Net Income 2014: $17,220,9322014Revenue 2015: $98,721,471Expenses 2015: $72,880,551Net Income 2015: $25,840,9202015Revenue 2016: $104,863,227Expenses 2016: $76,802,887Net Income 2016: $28,060,3402016Revenue 2017: $106,750,753Expenses 2017: $76,849,453Net Income 2017: $29,901,3002017Revenue 2018: $112,829,839Expenses 2018: $74,245,710Net Income 2018: $38,584,1292018Revenue 2019: $125,959,253Expenses 2019: $88,449,916Net Income 2019: $37,509,3372019Revenue 2020: $130,800,476Expenses 2020: $79,554,344Net Income 2020: $51,246,1322020Revenue 2021: $145,312,817Expenses 2021: $81,707,181Net Income 2021: $63,605,6362021Revenue 2022: $174,445,258Expenses 2022: $104,192,793Net Income 2022: $70,252,4652022Revenue 2023: $196,520,813Expenses 2023: $149,576,585Net Income 2023: $46,944,2282023Revenue 2024: $193,171,686Expenses 2024: $162,225,784Net Income 2024: $30,945,9022024

Highlighted filing

2019

Revenue$125,959,253
Expenses$88,449,916
Net Income$37,509,337
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 11, 2020
Return Version
2018v3.2
Gross Receipts
$125,959,253
Mission and Program Overview

Mission

Develop and deploy advanced technology systems to create a cooperative operating and regulatory environment, which improves the efficient and safe movement of commercial vehicles and the performance of highway systems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$51,382,784$55,159,112▲ $3,776,328
Land, Buildings, and Equipment, Net$32,226,857$32,686,246▲ $459,389
Prepaid Expenses and Deferred Charges$14,504,122$8,997,494▼ $5,506,628
Cash and Non-Interest-Bearing Accounts$3,466,563$5,769,087▲ $2,302,524
Savings and Temporary Cash Investments$2,518,000$3,058,000▲ $540,000
Total Assets$104,098,326$105,669,939▲ $1,571,613
Liabilities
Other Liabilities$264,450,777$214,212,064▼ $50,238,713
Accounts Payable and Accrued Expenses$33,112,466$47,405,955▲ $14,293,489
Deferred Revenue$150,000$157,500▲ $7,500
Total Liabilities$297,713,243$261,775,519▼ $35,937,724
Net Assets / Fund Balance
Unrestricted Net Assets$-193,614,917$-156,105,580▲ $37,509,337
Total Net Assets Fund Balance$-193,614,917$-156,105,580▲ $37,509,337
Total Liabilities and Net Assets / Fund Balance$104,098,326$105,669,939▲ $1,571,613

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,413,512$24,637,787$43,051,299
Buildings$10,172,622$32,389,696$42,562,318
Other Land Buildings$4,100,112$4,487,318$8,587,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen RasmussenCEOFT$224,000$44,147$268,147
Mark DoughtyCOOFT$210,000$51,870$261,870
Jeff ChristianCFOFT$151,042$20,796$171,838
Andrew JohnsonCMOFT$146,667$19,680$166,347
Steve VaughnVP - NAT'L Director OF FIELD OPSFT$148,167$13,252$161,419

Board Members and Trustees

NameTitle
John EsparzaChairman
Dave LorenzenImmed. Past Chairman
Kirstie NixonVice-chairman
Barry StangDirector
Brenda NevilleDirector
Brian AusloosDirector
Brian BeavenDirector
Chad SheppickDirector
Chance McneelyDirector
Collin StewartDirector
Dan FriedenDirector
Daniel WyrickDirector
Dave HuneryagerDirector
David AllwineDirector
Drew BoyceDirector
Duane WiliamsDirector
Gerry KrolikowskiDirector
Hussein ElkhansaDirector
Jaime MausDirector
James SublerDirector
Jim NewportDirector
Johnny JohnsonDirector
Jon SmithersDirector
Keith DonovanDirector
Lynne JonesDirector
Mark MorrisonDirector
Matt HartDirector
Michael KrummDirector
Neal KedzieDirector
Omar VillarrealDirector
Patti GilletteDirector
Raymond GaskillDirector
Rick ClasbyDirector
Rick TaylorDirector
Sheila FoertschDirector
Tim LaneDirector
Todd CullersDirector
Dennis HultDirector Thru 12/19/18
Pete DaileyDirector Thru 12/19/18
Allen EnglandDirector Thru 2/1/19
Fred BowenDirector Thru 2/1/19
Richard TelfordDirector Thru 2/1/19
Matthew BroomDirector Thru 2/15/19
Jim BurgTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Conversion Interactive AgencyAdvertisingPO BOX 743562, Atlanta, GA 30374-3562$958,311
Bryan Cave Leighton Paisner LLPLegalPO BOX 503089, St Louis, MO 63150$587,127
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$125,892,274
Investment Income
$59,622
Other Revenue
$7,357
Change in Net Assets
$37,509,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,225,500
Salaries, Compensation, and Employee Benefits$2,224,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$17,860,714--$17,860,714
Depreciation Depletion$7,416,624$2,374-$7,418,998
Advertising-$1,718,074-$1,718,074
Other Salaries and Wages$758,839$521,507-$1,280,346
Conferences and Meetings-$991,905-$991,905
Current Officers, Directors, Trustees, and Key Employees$410,590$282,175-$692,765
Fees for Services Other-$327,744-$327,744
Payroll Taxes$72,180$49,605-$121,785
Occupancy$66,743$45,897-$112,640
Fees for Services Legal-$102,993-$102,993
Other Employee Benefits$56,812$39,045-$95,857
Information Technology$23,976$16,478-$40,454
Fees for Services Accounting-$36,028-$36,028
Pension Plan Contributions$19,952$13,711-$33,663
Insurance-$28,442-$28,442
Other Expenses$57,516,229$14,534-$14,534
Travel$4,562$3,136-$7,698
Office Expenses-$5,156-$5,156
Total Functional Expenses$84,207,221$4,242,695$0$88,449,916
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cvo Holding Company, LLC$214,212,064
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There shall be two classes of membership in the corporation: active members and affiliate partners.

Form 990, Part VI, Section A, Line 7A

Every active member jurisdiction is entitled to appoint two directors to the board of directors.

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

Alliance has a finance committee and an executive committee that review finances. The officers of the executive committee and the chair of the finance committee review the form 990 with the alliance's president and staff before the 990 is submitted to the irs.

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

All board members, staff and consultants are required to review and sign the corporate conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15

The executive committee conducts an annual performance review of the president/ceo, in accordance with the organization's policy on executive compensation. The organization's duly elected officers are designated to perform the review and determine compensation/benefits for the president/ceo. The president/ceo has the power to fix or adjust the wages of all other employees.

Form 990, Part VI, Section C, Line 19

All federal documents required to be made available to the public are available at the corporate office during regular business hours.

Filing and Contact Details

Filer

Filer Name
Heavy Vehicle Electronic License
EIN
86-0730202
Phone
6026014779
Address
101 N FIRST AVENUE NO 1900, PHOENIX, AZ 85003-1902
Doing Business As
Prepass Safety Alliance

Signing Officer

Name
Mark Doughty
Title
CEO
Phone
6026014779
Signed
2020-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Doughty
Formed
1993
Legal Domicile
Az
Voting Board Members
38
Independent Board Members
38
Employees
19
Volunteers
45

Preparer

Firm
Rsm US Llp
Address
9801 WASHINGTONIAN BLVD STE 500, GAITHERSBURG, MD 20878
Preparer
William E Turco CPA
Phone
3012963600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6, VOLUNTEERS:

Two volunteer board members from each member state. Volunteers are on committees, executive committee, and board of directors to provide guidance and direction to the organization.

Form 990, Part III, Line 3

Prepass plus, which lets carriers electronically pay and manage their tolls, was only offered as part of an integrated single transponder solution with prepass weigh station bypass. Prepass safety alliance now also offers its prepass toll payment and management service, referred to as prepass plus, as a stand-alone service to qualified carriers. Prepass plus offers benefits for state agencies, including improved highway safety (trucks avoid having to slow down, stop, pay the toll with cash, get back up to speed, and merge into traffic) environmental benefits (less brake dust, less wasting of fuel, less wear on tires,) and greater efficiency for the tolling agencies/authorities by handling all account management which includes purchasing, inventorying and shipping transponders, handling all customer service calls and providing a single consolidated account that represents tens of thousands of trucking customers thus eliminating collection efforts and risk. Therefore, prepass plus as a stand-alone service continues to further the alliance's mission of improving the efficient and safe movement of commercial vehicles and the performance of highway systems, and the income the alliance derives therefrom is exempt function income.

Form 990, Part XII, Line 2C

The process for overseeing the audit of the financial statements and selection of an independent accountant that audits the financial statements has been consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

The organization is generally exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code. In addition, the organization has been determined by the internal revenue service (irs) not to be a private foundation. However, the organization is subject to income taxes on unrelated business income, as defined by the irs. At september 30, 2019 and 2018, the organization had no net taxable unrelated business income and, accordingly, no provision for income taxes is required in the accompanying consolidated financial statements. The organization adopted the accounting standards on accounting for uncertainty in income taxes (financial accounting standards board (fasb) accounting standards codification 740-10), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management has evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of the applicable accounting guidance. Generally, the organization is no longer subject to u.s. Federal or state and local income tax examinations by tax authorities for tax years before 2015.

Raw XML AppendixShowing 400 of 923 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/Form990PartVIISectionAGrp/PersonNm4DAVID ALLWINE
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IRS990/Form990PartVIISectionAGrp/PersonNm14DAN FRIEDEN
IRS990/Form990PartVIISectionAGrp/PersonNm15PATTI GILLETTE
IRS990/Form990PartVIISectionAGrp/PersonNm16MATT HART
IRS990/Form990PartVIISectionAGrp/PersonNm17DENNIS HULT
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IRS990/Form990PartVIISectionAGrp/PersonNm21NEAL KEDZIE
IRS990/Form990PartVIISectionAGrp/PersonNm22GERRY KROLIKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHAEL KRUMM
IRS990/Form990PartVIISectionAGrp/PersonNm24TIM LANE
IRS990/Form990PartVIISectionAGrp/PersonNm25JAIME MAUS
IRS990/Form990PartVIISectionAGrp/PersonNm26BRENDA NEVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm27JIM NEWPORT
IRS990/Form990PartVIISectionAGrp/PersonNm28CHAD SHEPPICK
IRS990/Form990PartVIISectionAGrp/PersonNm29JON SMITHERS
IRS990/Form990PartVIISectionAGrp/PersonNm30BARRY STANG
IRS990/Form990PartVIISectionAGrp/PersonNm31COLLIN STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm32JAMES SUBLER
IRS990/Form990PartVIISectionAGrp/PersonNm33RICHARD TELFORD
IRS990/Form990PartVIISectionAGrp/PersonNm34OMAR VILLARREAL
IRS990/Form990PartVIISectionAGrp/PersonNm35DANIEL WYRICK
IRS990/Form990PartVIISectionAGrp/PersonNm36HUSSEIN ELKHANSA
IRS990/Form990PartVIISectionAGrp/PersonNm37RAYMOND GASKILL
IRS990/Form990PartVIISectionAGrp/PersonNm38TODD CULLERS
IRS990/Form990PartVIISectionAGrp/PersonNm39DUANE WILIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm40MARK MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm41CHANCE MCNEELY
IRS990/Form990PartVIISectionAGrp/PersonNm42RICK TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm43KEITH DONOVAN
IRS990/Form990PartVIISectionAGrp/PersonNm44KAREN RASMUSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm45MARK DOUGHTY
IRS990/Form990PartVIISectionAGrp/PersonNm46JEFF CHRISTIAN
IRS990/Form990PartVIISectionAGrp/PersonNm47STEVE VAUGHN
IRS990/Form990PartVIISectionAGrp/PersonNm48ANDREW JOHNSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt480
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$501$395$107$193$162$30.9
2023Detailed filing. Detailed filing data is available for this year.$535$459$76.0$197$150$46.9
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$556$527$29.0$174$104$70.3
2021Detailed filing. Detailed filing data is available for this year.$130$172$41.2$145$81.7$63.6
2020Detailed filing. Detailed filing data is available for this year.$107$212$105$131$79.6$51.2
2019Detailed filing. Detailed filing data is available for this year.$106$262$156$126$88.4$37.5
2018Detailed filing. Detailed filing data is available for this year.$104$298$194$113$74.2$38.6
2017Detailed filing. Detailed filing data is available for this year.$94.6$327$232$107$76.8$29.9
2016Detailed filing. Detailed filing data is available for this year.$100$363$262$105$76.8$28.1
2015Detailed filing. Detailed filing data is available for this year.$88.6$379$290$98.7$72.9$25.8
2014Detailed filing. Detailed filing data is available for this year.$75.3$391$316$88.7$71.5$17.2
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.4$41.7$1.72$79.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$37.1$1.84$68.9
2011Summary only. Only limited summary data is available for this year.$40.8$39.1$1.74$66.1$66.2$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.9$38.1$1.78$61.0