2016-11-07T11:35:46-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY STREET SUITE 1400 FORT WORTH TX 76102 990 2015-01-01 750608420 TEXAS & SOUTHWESTERN CATTLE RAISERS ASSOCIATION TEXA 8173327064 1301 W SEVENTH STREET FORT WORTH TX 76102 ELDON WHITE EXECUTIVE VP/CEO 8173327064 2016-11-03 1 MICHAELA J CROMAR CPA P00895728 8178775000 2016-11-03 2015 2017-02-10 21:41:12Z ELDON WHITE 1301 W SEVENTH STREET FORT WORTH TX 76102 16258338 0 X WWW.TSCRA.ORG X 1937 TX TO IMPROVE THE CATTLE RAISING INDUSTRY IN TEXAS AND THE SOUTHWEST THROUGH EDUCATION, MARKET INSPECTION, LAW ENFORCEMENT AND OTHER MEMBER SERVICES. 151 151 144 151 9004398 2677945 0 0 7527865 12521262 395313 176755 816838 630197 8740016 13328214 0 0 0 0 5120561 5075081 0 0 0 3285829 4346351 8406390 9421432 333626 3906782 17527752 16147945 9007044 4393922 8520708 11754023 TO IMPROVE THE CATTLE RAISING INDUSTRY IN TEXAS AND THE SOUTHWEST THROUGH EDUCATION, MARKET INSPECTION, LAW ENFORCEMENT AND OTHER MEMBER SERVICES. 0 0 PUBLICATIONS - THE CATTLEMAN IS PUBLISHED MONTHLY TO PROVIDE INFORMATION TO IMPROVE MANAGEMENT AND PROFITABILITY OF CATTLE RAISERS. THE CATTLEMAN UPDATE IS A DAILY E-MAIL OF CURRENT EVENTS. OTHER MEMBER SERVICES INCLUDING DAILY MONITORING OF STATE AND FEDERAL LEGISLATION, AND EDUCATIONAL OPPORTUNITIES SUCH AS THE SCHOOL FOR SUCCESSFUL RANCHING, THE TEXAS BEEF QUALITY PRODUCER PROGRAM AND RANCHING 101 EVENTS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 1 61 0 1 144 1 1 1 0 0 0 0 0 X 151 151 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X LEROYCE WARNER 8173327064 1301 W SEVENTH ST FORT WORTH TX 76102 PETE BONDS PRESIDENT 10.00 X X 0 0 0 DR RICHARD THORPE III FIRST VICE PRESIDENT 10.00 X X 0 0 0 ROBERT E MCKNIGHT JR SECOND VICE PRESIDENT & SE 0.00 X X 0 0 0 CLAUDIA SCOTT WRIGHT DIRECTOR 0.00 X 0 0 0 ALLEN C JONES IV DIRECTOR 0.00 X 0 0 0 ARTHUR G UHL III DIRECTOR 0.00 X 0 0 0 AUSTIN BROWN III DIRECTOR 0.00 X 0 0 0 AUSTIN E BROWN II DIRECTOR 0.00 X 0 0 0 DEBORAH CLARK DIRECTOR 0.00 X 0 0 0 BART WULFF DIRECTOR 0.00 X 0 0 0 BEAU BRITE WHITE DIRECTOR 0.00 X 0 0 0 KEVIN B BUSHER DIRECTOR 0.00 X 0 0 0 BENNIE BOCK II DIRECTOR 0.00 X 0 0 0 BETH KNOLLE NAISER DIRECTOR 0.00 X 0 0 0 BILL WHITE DIRECTOR 0.00 X 0 0 0 BOB DRAKE DIRECTOR 0.00 X 0 0 0 BOB MCCAN PAST PRESIDENT 0.00 X 0 0 0 LYNN COWDEN DIRECTOR 0.00 X 0 0 0 BRADFORD S BARNES DIRECTOR 0.00 X 0 0 0 BRIAN T MCLAUGHLIN DIRECTOR 0.00 X 0 0 0 C CONEY BURGESS PAST PRESIDENT 0.00 X 0 0 0 C PAXTON RAMSEY JR DIRECTOR 0.00 X 0 0 0 CA CHIP COLE III DIRECTOR 0.00 X 0 0 0 CR DICK SHERRON PAST PRESIDENT 0.00 X 0 0 0 CHARLES R ROBINSON DIRECTOR 0.00 X 0 0 0 CHARLEY CHRISTENSEN DIRECTOR 0.00 X 0 0 0 CHAUNCE THOMPSON PAST PRESIDENT 0.00 X 0 0 0 CHIP BRISCOE DIRECTOR 0.00 X 0 0 0 CHRIS LACY DIRECTOR 0.00 X 0 0 0 CHRIS SCHARBAUER DIRECTOR 0.00 X 0 0 0 CHRISTOPHER CLARK WELDER DIRECTOR 0.00 X 0 0 0 CLAY KENLEY DIRECTOR 0.00 X 0 0 0 CLAYTON HENRY DIRECTOR 0.00 X 0 0 0 CLIVE RUNNELLS III DIRECTOR 0.00 X 0 0 0 COLEMAN H LOCKE DIRECTOR 0.00 X 0 0 0 CRAWFORD EDWARDS DIRECTOR 0.00 X 0 0 0 CURTIS A YOUNTS JR DIRECTOR 0.00 X 0 0 0 DALE A SMITH DIRECTOR 0.00 X 0 0 0 DAN NANCE DIRECTOR 0.00 X 0 0 0 DAN W KINSEL III DIRECTOR 0.00 X 0 0 0 DANNY STEWART DIRECTOR 0.00 X 0 0 0 DAVE SCOTT PAST PRESIDENT 0.00 X 0 0 0 DAVID DELANEY DIRECTOR 0.00 X 0 0 0 DAVID L NEAL DIRECTOR 0.00 X 0 0 0 DAVID S CROW DIRECTOR 0.00 X 0 0 0 DELBURT W VAN CLEVE DIRECTOR 0.00 X 0 0 0 DENNIS W WEBB DIRECTOR 0.00 X 0 0 0 DIAZ W MURRAY DIRECTOR 0.00 X 0 0 0 DON KEELING DIRECTOR 0.00 X 0 0 0 DR JOE PAT HEMPHILL DIRECTOR 0.00 X 0 0 0 DR LEWIS BUD DINGES DIRECTOR 0.00 X 0 0 0 DR MR MIKE WIRTZ DIRECTOR 0.00 X 0 0 0 DUSTIN DEAN DIRECTOR 0.00 X 0 0 0 ESF BRAINARD II DIRECTOR 0.00 X 0 0 0 EDWARD G VAUGHAN DIRECTOR 0.00 X 0 0 0 FORD DRUMMOND DIRECTOR 0.00 X 0 0 0 EUGENE BRAGG SMITH III DIRECTOR 0.00 X 0 0 0 FRANK PRICE DIRECTOR 0.00 X 0 0 0 FRATES SEELIGSON JR DIRECTOR 0.00 X 0 0 0 G HUGHES ABELL DIRECTOR 0.00 X 0 0 0 GARDNER H DUDLEY DIRECTOR 0.00 X 0 0 0 GENE S WALKER JR DIRECTOR 0.00 X 0 0 0 GERALD NOBLES JR DIRECTOR 0.00 X 0 0 0 GORDON SAUER DIRECTOR 0.00 X 0 0 0 GRANT JONES DIRECTOR 0.00 X 0 0 0 IAN CHAPMAN DIRECTOR 0.00 X 0 0 0 J DAVID EPPRIGHT DIRECTOR 0.00 X 0 0 0 J MALCOLM SHELTON IV DIRECTOR 0.00 X 0 0 0 J MARK MCLAUGHLIN PAST PRESIDENT 0.00 X 0 0 0 JA WHITTENBURG PAST PRESIDENT 0.00 X 0 0 0 JB DANIEL DIRECTOR 0.00 X 0 0 0 JD CAGE DIRECTOR 0.00 X 0 0 0 JD SARTWELLE JR DIRECTOR 0.00 X 0 0 0 JK ROOTER BRITE JR DIRECTOR 0.00 X 0 0 0 JAMES A MCALLEN DIRECTOR 0.00 X 0 0 0 JAMES L DONNELL JR DIRECTOR 0.00 X 0 0 0 JAMES L POWELL PAST PRESIDENT 0.00 X 0 0 0 JAMES E JIM LINK DIRECTOR 0.00 X 0 0 0 JAMES T DANGELMAYR DIRECTOR 0.00 X 0 0 0 JASON PEELER DIRECTOR 0.00 X 0 0 0 JAY C EVANS DIRECTOR 0.00 X 0 0 0 JERRY K TAYLOR DIRECTOR 0.00 X 0 0 0 JIM DUDLEY DIRECTOR 0.00 X 0 0 0 JIM L GATES DIRECTOR 0.00 X 0 0 0 JIM MCADAMS DIRECTOR 0.00 X 0 0 0 JIM THOMPSON DIRECTOR 0.00 X 0 0 0 JOE J PARKER PAST PRESIDENT 0.00 X 0 0 0 JOE LEATHERS DIRECTOR 0.00 X 0 0 0 JOE M JODY BELLAH DIRECTOR 0.00 X 0 0 0 JOHN E DUDLEY PAST PRESIDENT 0.00 X 0 0 0 JOHN E ZACEK DIRECTOR 0.00 X 0 0 0 JOHN L CANTRELL DIRECTOR 0.00 X 0 0 0 LEWIS BUD DINGES DIRECTOR 0.00 X 0 0 0 JOHN M JACK SHELTON PAST PRESIDENT 0.00 X 0 0 0 JOHN MEANS PAST PRESIDENT 0.00 X 0 0 0 JOHN SUMNER RUNNELLS III DIRECTOR 0.00 X 0 0 0 JOHN W CARPENTER III DIRECTOR 0.00 X 0 0 0 JOHN Z KIMBERLIN JR DIRECTOR 0.00 X 0 0 0 JOHNNY FERGUSON DIRECTOR 0.00 X 0 0 0 JOSEPH BC FITZSIMONS DIRECTOR 0.00 X 0 0 0 KEN LEIBER DIRECTOR 0.00 X 0 0 0 KEN WELCH DIRECTOR 0.00 X 0 0 0 LARRY HORWOOD DIRECTOR 0.00 X 0 0 0 LEONARD HERFF CORNELIUS JR DIRECTOR 0.00 X 0 0 0 LEROY EZER DIRECTOR 0.00 X 0 0 0 LINDA JOY STOVALL DIRECTOR 0.00 X 0 0 0 LORENZO LASATER DIRECTOR 0.00 X 0 0 0 M L BRADLEY-HENDERSON DIRECTOR 0.00 X 0 0 0 MARK W JONES DIRECTOR 0.00 X 0 0 0 MARK WHEELIS DIRECTOR 0.00 X 0 0 0 MARTIN W CLEMENT II DIRECTOR 0.00 X 0 0 0 MARTY HARRIS DIRECTOR 0.00 X 0 0 0 MIKE GIBSON DIRECTOR 0.00 X 0 0 0 MILTON SHERROD GREESON JR DIRECTOR 0.00 X 0 0 0 MISSY BONDS DIRECTOR 0.00 X 0 0 0 NIXON DILLARD DIRECTOR 0.00 X 0 0 0 PETE HUDGINS DIRECTOR 0.00 X 0 0 0 PRESNALL C CAGE DIRECTOR 0.00 X 0 0 0 RAY W WILLOUGHBY III DIRECTOR 0.00 X 0 0 0 DAN GATTIS DIRECTOR 0.00 X 0 0 0 RICHARD M LUCAS JR DIRECTOR 0.00 X 0 0 0 RICK PEEBLES DIRECTOR 0.00 X 0 0 0 BROOKES P HODGES DIRECTOR 0.00 X 0 0 0 ROBERT B MANSFIELD DIRECTOR 0.00 X 0 0 0 RON HELM DIRECTOR 0.00 X 0 0 0 CLAUDE KOONTZ DIRECTOR 0.00 X 0 0 0 STEVE G BEEVER DIRECTOR 0.00 X 0 0 0 STEPHEN S SIKES DIRECTOR 0.00 X 0 0 0 STEPHEN T SWENSON DIRECTOR 0.00 X 0 0 0 STEPHEN DIEBEL DIRECTOR 0.00 X 0 0 0 STEVEN J MAFRIGE DIRECTOR 0.00 X 0 0 0 M STUART SASSER DIRECTOR 0.00 X 0 0 0 T MICHAEL O'CONNOR DIRECTOR 0.00 X 0 0 0 THOMAS J TOMMY HAEGELIN DIRECTOR 0.00 X 0 0 0 THURMAN S CLEMENTS JR DIRECTOR 0.00 X 0 0 0 TIM PENNELL DIRECTOR 0.00 X 0 0 0 TOM BEARD PAST PRESIDENT 0.00 X 0 0 0 TOM J HAYNIE DIRECTOR 0.00 X 0 0 0 TOM JOHNSON DIRECTOR 0.00 X 0 0 0 JAMES PALMER DIRECTOR 0.00 X 0 0 0 TOM MOORHOUSE DIRECTOR 0.00 X 0 0 0 TOM WOODWARD DIRECTOR 0.00 X 0 0 0 TONY SPEARS DIRECTOR 0.00 X 0 0 0 VAN BAIZE DIRECTOR 0.00 X 0 0 0 W CLAY JONES DIRECTOR 0.00 X 0 0 0 WH BILLY GREEN III DIRECTOR 0.00 X 0 0 0 WESLEY WELCH DIRECTOR 0.00 X 0 0 0 ROBERT J UNDERBRINK DIRECTOR 0.00 X 0 0 0 WILLIAM H MCCALL DIRECTOR 0.00 X 0 0 0 WILLIAM L BUCK ARRINGTON DIRECTOR 0.00 X 0 0 0 ELDON WHITE EXEC VP/CEO 40.00 X 254698 0 125475 JASON SKAGGS EXEC DIRECTOR, PUB AFFAIRS 40.00 X 174197 0 18106 TIMOTHY NIEDECKEN EXEC DIRECTOR, MEMBERSHIP 40.00 X 110087 0 15358 538982 0 158939 3 0 1 0 QUAD GRAPHICS INC 6700 DENTON DR DALLAS TX 75235 PUBLISHER 270221 TRINITY F&B SERVICES INC 1201 HOUSTON ST FORT WORTH TX 76102 CATERING 213300 COWTOWN CONCESSIONS INC 500 NE 23RD ST FORT WORTH TX 76164 CATERING 111252 3 INSURANCE 524298 5499332 5499332 LIVESTOCK PROTECTION 110000 2433004 2433004 MEMBERSHIP 900099 2029394 2029394 ADVERTISING 511120 1080454 1080454 CONVENTION/TRADE SHOW 900099 1023864 1023864 455214 455214 12521262 142287 142287 75964 75964 255384 233900 21484 21484 -8392 29876 2595584 85000 2630608 15508 -35024 69492 34468 34468 124681 50108 74573 74573 INTEREST IN SUB 900099 257299 257299 OTHER 900099 200877 200877 458176 13328214 3508472 9004398 815344 697920 3354077 81058 652200 289826 9655 25648 37832 92423 175941 353870 178029 226504 779124 293289 107192 FEDERAL INCOME TAX 910501 OTHER 589281 CATTLEMAN PUBLICATION 334611 VEHICLE EXPENSE 232451 9421432 472323 113956 3461535 3264049 590047 397589 10417 10768 4496 219723 247165 4122873 1898473 2348193 2224400 6024156 5904867 4154421 3837634 236169 153789 17527752 16147945 472443 300159 295748 320524 8238853 3773239 9007044 4393922 X 8504937 11740567 15771 13456 8520708 11754023 17527752 16147945 X 3906782 -215286 -458181 X 0 1 X 1 0 0 0 0 0 TEXAS & SOUTHWESTERN CATTLE RAISERS ASSOCIATION POLITICAL ACTION COMMITTEE 1301 W 7TH STREET FORT WORTH TX 76102 750608420 186884 0 1 0 453727 453727 1250000 641026 608974 1068795 338699 730096 329075 292313 36762 1021276 626435 394841 2224400 3837634 C 3837634 MINIMUM PENSION LIABILITY 3324625 DEFERRED COMPENSATION LIABILITY 448614 3773239 X PART X, LINE 2: THE ASSOCIATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE(THE CODE) BECAUSE IT IS AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(6). INCOME FROM CERTAIN OPERATIONS OF THE ASSOCIATION, INCLUDING MARKET INSPECTION FEES, ADVERTISING IN THE CATTLEMAN MAGAZINE, THE GROUP INSURANCE PROGRAM, THE OPERATIONS OF ISI, AND CERTAIN MISCELLANEOUS REVENUE, HAS BEEN DETERMINED TO BE TAXABLE FOR FEDERAL INCOME TAX PURPOSES. TAX POSITIONS ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE AUDITORS. AS OF DECEMBER 31, 2015, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SILENT AUCTION 124681 124681 8022 10941 31145 124681 124681 8022 10941 31145 50108 74573 X X X X 0 1 0 ELDON WHITE EXEC VP/CEO 212800 0 34438 0 7460 0 101750 0 23725 0 380173 0 0 0 JASON SKAGGS EXEC DIRECTOR, PUB AFFAIRS 152250 0 15680 0 6267 0 6968 0 11138 0 192303 0 0 0 PART I, LINE 4B DURING 2015, THE ASSOCIATION ACCRUED $91,989 IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR ELDON WHITE SEE BELOW 0 SCHEDULE L PART IV BY LAW, EVERYONE (REGARDLESS OF WHETHER OR NOT THEY ARE A MEMBER OF THE TEXAS AND SOUTHWESTERN CATTLE RAISERS' ASSOCIATION [TSCRA]), WHO SELLS CATTLE AT A PUBLIC AUCTION IN TEXAS IS SUBJECT TO AN INSPECTION FEE, WHICH IS AUTHORIZED BY THE STATE OF TEXAS AND IS A SOURCE OF REVENUE TO THE ASSOCIATION. THE FEE IS ASSESSED PER HEAD OF CATTLE SOLD AND USED TO FUND THE INSPECTION SERVICE THAT IS PERFORMED BY THE TSCRA SPECIAL RANGERS AND MARKET INSPECTORS. MOST BOARD MEMBERS SELL CATTLE. THIS HAS NO EFFECT ON THE GOVERNANCE OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS COMPOSED OF THE THREE VOTING OFFICERS ON THE BOARD, ALL LIVING PAST-PRESIDENTS OF THE BOARD, AND 9 OTHER DIRECTORS ELECTED BY THE BOARD ITSELF. THE EXECUTIVE COMMITTEE HAS FULL POWER TO HANDLE THE AFFAIRS OF THE ASSOCIATION AT ANY TIME WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION. THIS INCLUDES THE SPECIFIC AUTHORITY TO DISCHARGE ANY EMPLOYEE WITH OR WITHOUT CAUSE, TO DISCHARGE ANY OFFICER FOR CAUSE, AND TO APPOINT ANY DIRECTOR OR PAST PRESIDENT TO COMPLETE THE REMAINDER OF THE TERM OF ANY OFFICER WHO FAILS TO COMPLETE THEIR TERM OF OFFICE FOR ANY REASON. THE EXECUTIVE COMMITTEE MAY MEET IN PERSON OR BY TELECONFERENCE. FORM 990, PART VI, SECTION A, LINE 2 DUE TO THE NATURE OF THE BUSINESS AND MEMBERSHIP OF THE ASSOCIATION, THERE ARE FAMILY AND INTER-GENERATIONAL RELATIONSHIPS BETWEEN SOME OF THE DIRECTORS. THIS HAS NO BEARING ON THE GOVERNANCE OF THE ORGANIZATION. THE ASSOCIATION MAINTAINS RECORDS OF ALL FAMILY AND BUSINESS RELATIONSHIPS ON FILE. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - TEXAS & SOUTHWESTERN CATTLE RAISERS ASSOCIATION IS A MEMBERSHIP ORGANIZATION. MOST MEMBERS ARE TEXAS RESIDENTS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE BOARD OF DIRECTORS ARE ELECTED BY VOTE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CEO PRIOR TO FILING. IT IS NOT DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND BOARD MEMBERS PROVIDE ANNUAL WRITTEN ACKNOWLEDGEMENT THAT THEY ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANY DIRECTOR, OR MEMBER, WHO USES THEIR MEMBERSHIP OR ANY POSITION TO WHICH THEY ARE APPOINTED OR ELECTED TO THE BENEFIT OF THEMSELVES, HIS/HER COMPANY AND/OR BENEFACTORS, AND/OR TO THE DETRIMENT OF THE ASSOCIATION OR THE LIVESTOCK INDUSTRY SHALL BE SUBJECT TO SUSPENSION OR CANCELLATION OF MEMBERSHIP AS OUTLINED IN ARTICLE VI MISCELLANEOUS PROVISIONS, SECTION 1 SUSPENSION OF MEMBER OR CANCELLATION OF MEMBERSHIP IN THE TSCRA BYLAWS, AS AMENDED, WHICH STATES: SECTION 1. SUSPENSION OF MEMBER OR CANCELLATION OF MEMBERSHIP. IF IT SHALL COME TO THE ATTENTION OF ANY MEMBER OF THE ASSOCIATION THAT A MEMBER OF THE ASSOCIATION IS ENGAGED OR IS BEING ACCUSED OF BEING ENGAGED IN ACTIVITIES DETRIMENTAL TO THE ASSOCIATION OR TO THE LIVESTOCK INDUSTRY, HE SHALL IMMEDIATELY MAKE SUCH FACT KNOWN TO THE PRESIDENT OF THE ASSOCIATION, WHO SHALL THEREUPON CAUSE A SECRET INVESTIGATION TO BE MADE OF THE ACTIVITIES OF SUCH MEMBER. IF BY THIS INVESTIGATION, IT IS DETERMINED THAT SUCH MEMBER IS IN FACT ENGAGED OR HAS BEEN ENGAGED IN ACTIVITIES DETRIMENTAL TO THE ASSOCIATION OR TO THE LIVESTOCK INDUSTRY, THE PRESIDENT SHALL CALL A SPECIAL MEETING OF THE BOARD OF DIRECTORS AND INFORM THEM OF THE RESULT OF THE INVESTIGATION. THE BOARD OF DIRECTORS SHALL THEN NOTIFY SUCH ACCUSED MEMBER TO APPEAR BEFORE IT, AT SUCH TIME AND PLACE AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS, TO SHOW CAUSE WHY HIS MEMBERSHIP IN THE ASSOCIATION SHOULD NOT BE SUSPENDED OR CANCELED. AT THIS HEARING, THE ACCUSED MEMBER SHALL HAVE THE RIGHT TO BE REPRESENTED BY COUNSEL IF HE SO DESIRES AND, AT HIS EXPENSE, SHALL HAVE THE RIGHT TO HAVE SUCH WITNESSES AS HE MAY SEE FIT TO APPEAR BEFORE THE BOARD AND TESTIFY IN HIS BEHALF. AFTER SUCH HEARING, IF TWO-THIRDS OF THE DIRECTORS PRESENT DETERMINE THAT SAID MEMBER HAS BEEN ENGAGED OR IS ENGAGED IN ACTIVITIES DETRIMENTAL TO THE ASSOCIATION OR THE LIVESTOCK INDUSTRY, THE BOARD SHALL EITHER SUSPEND SAID MEMBER FOR A DEFINITE PERIOD OF TIME OR CANCEL HIS MEMBERSHIP IN THE ASSOCIATION. A MEMBER SO EXPELLED SHALL NOT BE ELIGIBLE TO BECOME A MEMBER OF THE ASSOCIATION AGAIN FOR ONE (1) YEAR. FURTHER, IF AN ELECTED LEADER IS FOUND TO HAVE A REAL OR POTENTIAL CONFLICT OF INTEREST, THE EXECUTIVE COMMITTEE MAY EXERCISE ITS AUTHORITY TO REPLACE SAID LEADER AS CONTAINED IN ARTICLE IV BOARD OF DIRECTORS, SECTION 7 EXECUTIVE COMMITTEE, PARAGRAPH TWO IN THE TSCRA BYLAWS, AS AMENDED, WHICH STATES: THE EXECUTIVE COMMITTEE SHALL HAVE FULL POWER, AT ANY TIME WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, TO DISCHARGE ANY OFFICER OF THE ASSOCIATION FOR CAUSE AND TO APPOINT ANY DIRECTOR OR PAST PRESIDENT TO COMPLETE THE REMAINDER OF THE TERM OF ANY OFFICER WHO FAILS TO COMPLETE HIS TERM OF OFFICE FOR ANY REASON. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE IS COMPOSED OF THE CURRENT THREE NONEMPLOYEE OFFICERS OF THE ASSOCIATION AND THE IMMEDIATE PAST PRESIDENT. THE COMMITTEE IS RESPONSIBLE FOR SETTING THE EXECUTIVE VICE PRESIDENT/CEO COMPENSATION. THEY BASE THEIR RECOMMENDATION ON THE INDIVIDUAL'S PERFORMANCE AND CURRENT COMPENSATION DATA. THEIR RECOMMENDATION IS THEN RATIFIED AT AN EXECUTIVE COMMITTEE MEETING, WHERE MINUTES OF THE DISCUSSION AND VOTE ARE KEPT. THE MOST RECENT CHANGE TO EVP/CEO COMPENSATION OCCURED IN JUNE 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY -458,181. TSCRA INSURANCE SERVICES 1301 W SEVENTH STREET FORT WORTH TX 76102 751869941 INSURANCE SALES TX TSCR ASSOCIATION C 553658 5796574 1.00000 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 1 0 0 TSCRA INSURANCE SERVICES A 553443 MARKET VALUE TSCRA INSURANCE SERVICES F 574086 COST TSCRA INSURANCE SERVICES Q 164488 COST