Tri-State Livestock Credit Corp
- Assets
- $57.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Rancho Cordova, CA
- Founding
- 12/1935
- Data as of
- 06/2024
- EIN
- 94-0934125
Organization Overview
Tri-State Livestock Credit Corp is located in Rancho Cordova, CA. The organization was established in 1935. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2024, Tri-State Livestock Credit Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-State Livestock Credit Corp is a 501(c)(16) and as such, is described as a "Cooperative Organization to Finance Crop Operations" by the IRS.
For the year ending 06/2024, Tri-State Livestock Credit Corp generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $4.4m during the year ending 06/2024. While expenses have increased by 11.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TRI-STATE LIVESTOCK CREDIT CORPORATION MAKES LIVESTOCK, CROPS AND DAIRY LOANS TO PRODUCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRI-STATE HAS ONLY ONE PROGRAM AS DESCIBED ABOVE IN PART THREE, LINE 1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy J Alves President | Officer | 40 | $227,524 |
Cori Price Vice President | Officer | 40 | $179,485 |
Trever D Hall Relationshipmngr | 40 | $156,863 | |
Jared Alves Relationshipmngr | 40 | $145,675 | |
Caren Flynn Secretary | Officer | 40 | $97,788 |
Gary M Allen Director | Trustee | 3 | $11,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,938,328 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,502,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $906,309 |
| Compensation of current officers, directors, key employees. | $375,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $664,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $79,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,332 |
| Fees for services: Accounting | $58,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,703 |
| Office expenses | $43,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,051 |
| Travel | $79,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,478 |
| Interest | $2,097,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,213 |
| Insurance | $48,018 |
| All other expenses | $16,920 |
| Total functional expenses | $4,434,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,428,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,990,698 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,911 |
| Net Land, buildings, and equipment | $34,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $732,854 |
| Total assets | $57,367,828 |
| Accounts payable and accrued expenses | $67,516 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,988,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,450,191 |
| Total liabilities | $40,506,490 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $870,200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,991,138 |
| Total liabilities and net assets/fund balances | $57,367,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-State Livestock Credit Corp Rancho Cordova, CA | $57,367,828 | $5,502,561 |
Outer Atoll Resources Salem, OR | $15,721 | $94,519 |
Napa Seafood Foundation San Rafael, CA | $58,017 | $0 |
Agricultural Lending Institute Inc Clovis, CA | $56,770 | $0 |
Detente Foundation Newport Beach, CA | $0 | $0 |
Fellowship For Perpetual Growth Mountain View, HI | $191,440 | $0 |
Thank A Farmer Las Vegas, NV | $0 | $0 |
Small Scale Farms Portland, OR | $4,584 | $23,595 |
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E&m Foundation Las Vegas, NV | $0 | $0 |