Distribution Cooperative INC

Tax-deductible

Mc Donough, GA501(c)(3)Since 2005Foundations & GrantmakersEIN 33-1113484

A cooperative hospital service organization providing distribution, warehousing and certain purchasing services to its members and their hospital subsidiaries, if any, and to other patrons of the company.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$732K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.6M a year · 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$732K
to officers and key staff · 0.6% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39.4M
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$129.7M
+13% vs prior year
Spent
$129.8M
To programs
100%
Net assets
$338K
By yearFY2020–FY2024
Revenue
$129.7M
FY2024▲ +13%
Revenue by fiscal year
FY2020$108.7M
FY2021$108.1M
FY2022$101.6M
FY2023$114.8M
FY2024$129.7M
Expenses
$129.8M
FY2024▲ +10%
Expenses by fiscal year
FY2020$107.9M
FY2021$109.7M
FY2022$105.1M
FY2023$118.4M
FY2024$129.8M
Net assets
$338K
FY2024▲ +373%
Net assets by fiscal year
FY2020$8.2M
FY2021$5.5M
FY2022$1.9M
FY2023−$124K
FY2024$338K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $129.6M Management & general 0% · $200K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990; $732K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$198,763Pt VII · Sec A
Business Development Manag
$142,848Pt VII · Sec A
$138,081Pt VII · Sec A
$131,527Pt VII · Sec A
$120,981Pt VII · Sec A
Director
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A

Marsha Voyles’s $199K as General Manager is at the 12th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christopher Pope—$268,403$402,068$402,630$387,630
Zachary Daniell—$266,805$135,295——
Marsha Voyles$198,763$187,469$153,001$145,151$145,253
George Shields——$168,880$152,618$154,110
Jennifer Stanley$142,848$134,110$129,475$123,267$126,697
Laura Foster$138,081$125,633$111,514$106,923$105,263
Trevor Williams———$133,383$133,870
Kevin Logan$131,527————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Distributes, warehouses, and purchases supplies for member hospitals and other patrons.

Provided by the organization

This section is blank until Distribution Cooperative INC claims this page.

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1 program service account for $129.6M of program spending, described in the organization's own filed words · FY2024.
01

Provide warehousing and distribution services to patrons.

$129.6Mprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$129.7M
Ln 12
Fees for servicesLn 2g$129.6M
Investment incomeLn 3$154K
Money outPt IX
$129.8M
Ln 25
Programscol B$129.6M
Managementcol C$200K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$39.7M
LiabilitiesLn 26$39.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$129.6M
Investment incomeLn 3$154K
Total revenueLn 12$129.7M
Assets in detailPt X, end of year
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.2M
Land, buildings, equipmentLn 10c$948K
Other assetsLn 15$5.2M
Total assetsLn 16$39.7M
LiabilitiesLn 26$39.4M
Net assetsLn 32$338K
OperationsPt I, VI
EmployeesI 5201
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.0M$4.2M
Land, buildings, equipmentLn 10c$1.6M$948K
Total assetsLn 16$41.8M$39.7M
LiabilitiesLn 26$41.9M$39.4M
Net assetsLn 32−$124K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8.0M$8.0M
Pension plan contributionsLn 8$43K$43K
Other employee benefitsLn 9$2.1M$2.1M
Legal feesLn 11b$97K$97K
Accounting feesLn 11c$103K$103K
Other fees for servicesLn 11g$241K$241K
Office expensesLn 13$118K$118K
Information technologyLn 14$1.3M$1.3M
OccupancyLn 16$2.6M$2.6M
TravelLn 17$23K$23K
Depreciation, depletion and amortizationLn 22$712K$712K
InsuranceLn 23$433K$433K
Other expenses (24a–d)Ln 24$112.9M$112.9M
All other expensesLn 24e$1.3M$1.3M
Total functional expensesLn 25$129.8M$129.6M$200K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $129.7M$129.8M−$94K$338K 990 PDF
FY2023 $114.8M$118.4M−$3.6M−$124K 990 PDF
FY2022 $101.6M$105.1M−$3.6M$1.9M 990 PDF
FY2021 $108.1M$109.7M−$1.5M$5.5M 990 PDF
FY2020 $108.7M$107.9M$832K$8.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $129,740,919 across 3 lines filed
Lines not itemized here account for $102,000 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,484,685$129,484,685
VIII-3 Investment incomeExcluded from tax $154,234$154,234
VIII-12 Total revenueRelated to mission $129,586,685 · Unrelated business $0 · Excluded from tax $154,234$129,740,919
Part IX · Statement of functional expenses $129,834,750 across 14 lines filed
IX-7 Other salaries and wagesPrograms $7,968,787$7,968,787
IX-8 Pension plan contributionsPrograms $43,457$43,457
IX-9 Other employee benefitsPrograms $2,120,150$2,120,150
IX-11b Legal feesManagement $97,074$97,074
IX-11c Accounting feesManagement $102,913$102,913
IX-11g Other fees for servicesPrograms $240,812$240,812
IX-13 Office expensesPrograms $117,856$117,856
IX-14 Information technologyPrograms $1,250,209$1,250,209
IX-16 OccupancyPrograms $2,582,504$2,582,504
IX-17 TravelPrograms $22,982$22,982
IX-22 Depreciation, depletion and amortizationPrograms $712,237$712,237
IX-23 InsurancePrograms $432,604$432,604
IX-24 Other expenses (24a–d)Programs $112,856,468$112,856,468
IX-24e All other expensesPrograms $1,286,697$1,286,697
IX-25 Total functional expensesPrograms $129,634,763 · Management $199,987 · Fundraising $0$129,834,750
Part X · Balance sheet $39,697,650 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,975,805$4,175,828
X-4 Accounts receivableStart of year $9,380,142$11,274,673
X-8 Inventories for sale or useStart of year $20,828,274$17,139,940
X-9 Prepaid expenses and deferred chargesStart of year $132,258$952,715
X-10c Land, buildings and equipment, netStart of year $1,640,834$948,460
X-15 Other assetsStart of year $6,801,385$5,206,034
X-16 Total assetsStart of year $41,758,698$39,697,650
X-17 Accounts payable and accrued expensesStart of year $33,884,405$34,344,938
X-25 Other liabilitiesStart of year $7,997,943$5,014,768
X-26 Total liabilitiesStart of year $41,882,348$39,359,706
X-32 Total net assets or fund balancesStart of year −$123,650$337,944
X-33 Total liabilities and net assetsStart of year $41,758,698$39,697,650
Part XI · Reconciliation of net assets $337,944 net assets at year end
XI-1 Total revenue$129,740,919
XI-2 Total expenses$129,834,750
XI-3 Revenue less expenses−$93,831
XI-4 Net assets at start of year−$123,650
XI-9 Other changes in net assets$555,425
XI-10 Net assets at end of year$337,944

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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