Tri-State Livestock Credit Corp
- Assets
- $42.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Rancho Cordova, CA
- Founding
- 12/1935
- Data as of
- 06/2022
- 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 06/2022, Tri-State Livestock Credit Corp employed 11 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 06/2022, Tri-State Livestock Credit Corp generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 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
2022
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 | $151,155 |
Cori Price Vice President | Officer | 40 | $135,780 |
Caren Flynn Secretary | Officer | 40 | $81,862 |
David L Thompson Chairman | OfficerTrustee | 4 | $11,575 |
John C Jackson Vice Chairman | OfficerTrustee | 3 | $11,200 |
Bert Lefty 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 | $1,970,944 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,559,910 |
| 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. | $317,530 |
| Compensation of current officers, directors, key employees. | $79,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,949 |
| Pension plan accruals and contributions | $20,239 |
| Other employee benefits | $88,425 |
| Payroll taxes | $65,625 |
| Fees for services: Management | $22,765 |
| Fees for services: Legal | $3,219 |
| Fees for services: Accounting | $106,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,045 |
| Office expenses | $11,478 |
| Information technology | $41,016 |
| Royalties | $0 |
| Occupancy | $31,111 |
| Travel | $58,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,493 |
| Interest | $438,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,851 |
| Insurance | $50,396 |
| All other expenses | $33,856 |
| Total functional expenses | $2,121,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $518,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,985,451 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,927 |
| Net Land, buildings, and equipment | $32,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $541,798 |
| Total assets | $42,126,774 |
| Accounts payable and accrued expenses | $77,342 |
| Grants payable | $0 |
| Deferred revenue | $8,571 |
| 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 | $25,703,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,208,301 |
| Total liabilities | $26,998,165 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $849,200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,279,409 |
| Total liabilities and net assets/fund balances | $42,126,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-State Livestock Credit Corp Rancho Cordova, CA | $42,126,774 | $2,559,910 |
Napa Seafood Foundation San Rafael, CA | $46,559 | $0 |
Outer Atoll Resources Salem, OR | $1,021 | $98,266 |
Detente Foundation Newport Beach, CA | $0 | $0 |
Thank A Farmer Las Vegas, NV | $0 | $0 |
Fellowship For Perpetual Growth Mountain View, HI | $257,794 | $0 |
Agricultural Lending Institute Inc Clovis, CA | $71,074 | $0 |