Distribution Cooperative INC FY2020 filing

Tax-deductible

Mc Donough, GA501(c)(3)Since 2005Foundations & GrantmakersEIN 33-1113484Revenue $108.7M in FY2020

On file with the IRS1281 Highway 155 S, 30253-7316 · Mc Donough, GATax-exempt since Jun 2006Publicly supported charity — 170(b)(1)(A)(vi)

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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.
$1.2M 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

FY2020 · 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
$1.2M
to officers and key staff · 1% of spending
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: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26.1M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
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
$108.7M
Spent
$107.9M
To programs
100%
Net assets
$8.2M
By yearFY2020–FY2024
Revenue
$108.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$108.7M
FY2021$108.1M
FY2022$101.6M
FY2023$114.8M
FY2024$129.7M
Expenses
$107.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$107.9M
FY2021$109.7M
FY2022$105.1M
FY2023$118.4M
FY2024$129.8M
Net assets
$8.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.2M
FY2021$5.5M
FY2022$1.9M
FY2023−$124K
FY2024$338K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $107.7M Management & general 0% · $162K

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

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Who runs it and what they're paid

14 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$387,630Pt VII · Sec A
Chief Financial Officer
$154,110Pt VII · Sec A
General Manager
$145,253Pt VII · Sec A
$133,870Pt VII · Sec A
Business Development Manag
$126,697Pt VII · Sec A
$105,263Pt VII · Sec A
Customer Account Manager
$102,832Pt VII · Sec A
Director
$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.

Questions for Distribution Cooperative INC

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Provided by the organization

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1 program · $107.7M · in their own filed words · FY2020
01

Provide warehousing and distribution services to patrons.

$107.7Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$108.7M
Ln 12
Fees for servicesLn 2g$104.7M
Other incomeLn 4–11$4.0M
Money outPt IX
$107.9M
Ln 25
Programscol B$107.7M
Managementcol C$162K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$34.3M
LiabilitiesLn 26$26.1M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$104.7M
Other incomeLn 4–11$4.0M
Total revenueLn 12$108.7M
Assets in detailPt X, end of year
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$34.3M
LiabilitiesLn 26$26.1M
Net assetsLn 32$8.2M
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 FY20End FY20
Cash and savingsLn 1–2$2.2M$2.2M
Land, buildings, equipmentLn 10c$2.8M$2.6M
Total assetsLn 16$31.6M$34.3M
LiabilitiesLn 26$21.0M$26.1M
Net assetsLn 32$10.7M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$590K$590K
Other salaries and wagesLn 7$6.9M$6.9M
Pension plan contributionsLn 8$161K$161K
Other employee benefitsLn 9$1.5M$1.5M
Legal feesLn 11b$83K$83K
Accounting feesLn 11c$80K$80K
Other fees for servicesLn 11g$95K$95K
Office expensesLn 13$71K$71K
Information technologyLn 14$1.1M$1.1M
OccupancyLn 16$2.2M$2.2M
TravelLn 17$13K$13K
InterestLn 20$126K$126K
Depreciation, depletion and amortizationLn 22$872K$872K
InsuranceLn 23$290K$290K
Other expenses (24a–d)Ln 24$93.1M$93.1M
All other expensesLn 24e$618K$618K
Total functional expensesLn 25$107.9M$107.7M$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $108,690,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $98,250,915$104,669,848
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,931,402$4,020,305
I-12 Total revenuePrior year $100,182,317$108,690,153
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,102,655$9,118,180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,026,768$98,740,191
I-18 Total expensesPrior year $100,129,423$107,858,371
I-19 Revenue less expensesPrior year $52,894$831,782
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $108,690,153 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,669,848$104,669,848
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,930,305 · Unrelated business $90,000$4,020,305
VIII-12 Total revenueRelated to mission $108,600,153 · Unrelated business $90,000 · Excluded from tax $0$108,690,153
Part IX · Statement of functional expenses $107,858,371 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $589,610$589,610
IX-7 Other salaries and wagesPrograms $6,859,390$6,859,390
IX-8 Pension plan contributionsPrograms $160,808$160,808
IX-9 Other employee benefitsPrograms $1,508,372$1,508,372
IX-11b Legal feesManagement $82,536$82,536
IX-11c Accounting feesManagement $79,914$79,914
IX-11g Other fees for servicesPrograms $95,000$95,000
IX-13 Office expensesPrograms $70,846$70,846
IX-14 Information technologyPrograms $1,138,409$1,138,409
IX-16 OccupancyPrograms $2,222,801$2,222,801
IX-17 TravelPrograms $13,052$13,052
IX-20 InterestPrograms $126,018$126,018
IX-22 Depreciation, depletion and amortizationPrograms $871,706$871,706
IX-23 InsurancePrograms $289,831$289,831
IX-24 Other expenses (24a–d)Programs $93,132,423$93,132,423
IX-24e All other expensesPrograms $617,655$617,655
IX-25 Total functional expensesPrograms $107,695,921 · Management $162,450 · Fundraising $0$107,858,371
Part X · Balance sheet $34,280,416 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,159,955$2,197,272
X-4 Accounts receivableStart of year $10,408,332$12,861,473
X-8 Inventories for sale or useStart of year $15,622,287$15,452,234
X-9 Prepaid expenses and deferred chargesStart of year $612,938$1,195,651
X-10c Land, buildings and equipment, netStart of year $2,808,563$2,573,786
X-16 Total assetsStart of year $31,612,075$34,280,416
X-17 Accounts payable and accrued expensesStart of year $18,859,834$20,000,678
X-25 Other liabilitiesStart of year $2,090,979$6,072,158
X-26 Total liabilitiesStart of year $20,950,813$26,072,836
X-32 Total net assets or fund balancesStart of year $10,661,262$8,207,580
X-33 Total liabilities and net assetsStart of year $31,612,075$34,280,416
Part XI · Reconciliation of net assets $8,207,580 net assets at year end
XI-1 Total revenue$108,690,153
XI-2 Total expenses$107,858,371
XI-3 Revenue less expenses$831,782
XI-4 Net assets at start of year$10,661,262
XI-9 Other changes in net assets−$3,285,464
XI-10 Net assets at end of year$8,207,580

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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