Plains Cotton Cooperative Association Employee Benefit Plan Trust
Nonprofit profile at a glance
- EIN
- 752298014
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014
- Location
- Lubbock, TX, USA
- Phone
- 8067638011
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $1,991,610
- Expenses
- $1,981,056
- Assets
- $685,820
- Liabilities
- $903,074
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- KEVIN BRINKLEY (Trustee)
- GREGG BELL (Trustee)
- SAM HILL (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The plan is a contributory, single-employer, defined benefit health and welfare plan that provides medical, dental, vision, critical illness, life and accidental death and dismemberment benefits to participants. The assets of the plan are held in trust.
What it reported doing in 2014
As of 9/30/15 there were 162 participants for which program services provided health, life, dental, ad&d, vision and prescription drug coverage
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Accountability: 12
- Sustainability: 35
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.2%; rating input score 98
- Program expense ratio: 98.8%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.5%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 1.32; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 98.2% of revenue deployed · 98.8% of spending went to programs
- Governance: 0 of 6 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.