2015-11-16T13:12:44-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY STREET SUITE 1400 FORT WORTH TX 76102 990 2014-01-01 750608420 TEXAS & SOUTHWESTERN CATTLE RAISERS ASSOCIATION TEXA 8173327064 1301 W SEVENTH STREET FORT WORTH TX 76102 ELDON WHITE EXECUTIVE VP/CEO 8173327064 2015-11-11 1 MICHAELA J CROMAR CPA P00895728 8178775000 2015-11-11 2014 2016-04-25 22:37:26Z ELDON WHITE 1301 W SEVENTH STREET FORT WORTH TX 76102 11172531 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. 150 150 153 150 4249249 -954515 0 0 7471464 7527865 265224 395313 1431284 816838 9167972 8740016 0 0 0 0 5050445 5120561 0 0 0 3156230 3285829 8206675 8406390 961297 333626 18218089 17527752 8474928 9007044 9743161 8520708 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. 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 48 0 1 153 1 1 1 0 0 0 0 0 X 150 150 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 G HUGHES ABELL DIRECTOR 0.00 X 0 0 0 WILLIAM M ARRINGTON DIRECTOR 0.00 X 0 0 0 VAN BAIZE DIRECTOR 0.00 X 0 0 0 BRADFORD S BARNES DIRECTOR 0.00 X 0 0 0 STEVE G BEEVER DIRECTOR 0.00 X 0 0 0 JOE M JODY BELLAH DIRECTOR 0.00 X 0 0 0 EMRY BIRDWELL DIRECTOR 0.00 X 0 0 0 BENNIE BOCK II DIRECTOR 0.00 X 0 0 0 MISSY BONDS DIRECTOR 0.00 X 0 0 0 M L BRADLEY-HENDERSON DIRECTOR 0.00 X 0 0 0 ESF BRAINARD II DIRECTOR 0.00 X 0 0 0 CHIP BRISCOE DIRECTOR 0.00 X 0 0 0 JK ROOTER BRITE JR DIRECTOR 0.00 X 0 0 0 AUSTIN E BROWN II DIRECTOR 0.00 X 0 0 0 AUSTIN BROWN III DIRECTOR 0.00 X 0 0 0 WILLIAM CHRISTOPHER BUSH DIRECTOR 0.00 X 0 0 0 JD CAGE DIRECTOR 0.00 X 0 0 0 PRESNALL C CAGE DIRECTOR 0.00 X 0 0 0 JOHN L CANTRELL DIRECTOR 0.00 X 0 0 0 JOHN W CARPENTER III DIRECTOR 0.00 X 0 0 0 IAN CHAPMAN DIRECTOR 0.00 X 0 0 0 CHARLEY CHRISTENSEN DIRECTOR 0.00 X 0 0 0 BARRETT D CLARK DIRECTOR 0.00 X 0 0 0 MARTIN W CLEMENT II DIRECTOR 0.00 X 0 0 0 THURMAN S CLEMENTS JR DIRECTOR 0.00 X 0 0 0 CA CHIP COLE III DIRECTOR 0.00 X 0 0 0 LEONARD HERFF CORNELIUS JR DIRECTOR 0.00 X 0 0 0 DAVID S CROW DIRECTOR 0.00 X 0 0 0 JAMES T DANGELMAYR DIRECTOR 0.00 X 0 0 0 JB DANIEL DIRECTOR 0.00 X 0 0 0 DAVID DELANEY DIRECTOR 0.00 X 0 0 0 STEVEN DIEBEL DIRECTOR 0.00 X 0 0 0 NIXON DILLARD DIRECTOR 0.00 X 0 0 0 DR LEWIS BUD DINGES DIRECTOR 0.00 X 0 0 0 JAMES L DONNELL JR DIRECTOR 0.00 X 0 0 0 BOB DRAKE DIRECTOR 0.00 X 0 0 0 JIM DUDLEY DIRECTOR 0.00 X 0 0 0 CRAWFORD EDWARDS DIRECTOR 0.00 X 0 0 0 J DAVID EPPRIGHT DIRECTOR 0.00 X 0 0 0 BENJAMIN ESHLEMAN III DIRECTOR 0.00 X 0 0 0 LEROY EZER DIRECTOR 0.00 X 0 0 0 JOSEPH BC FITZSIMONS DIRECTOR 0.00 X 0 0 0 JIM L GATES DIRECTOR 0.00 X 0 0 0 RICHARD GATES DIRECTOR 0.00 X 0 0 0 MIKE GIBSON DIRECTOR 0.00 X 0 0 0 WH BILLY GREEN III DIRECTOR 0.00 X 0 0 0 MILTON SHERROD GREESON JR DIRECTOR 0.00 X 0 0 0 THOMAS J TOMMY HAEGELIN DIRECTOR 0.00 X 0 0 0 MARTY HARRIS DIRECTOR 0.00 X 0 0 0 TOM J HAYNIE DIRECTOR 0.00 X 0 0 0 RON HELM DIRECTOR 0.00 X 0 0 0 DR JOE PAT HEMPHILL DIRECTOR 0.00 X 0 0 0 LARRY HORWOOD DIRECTOR 0.00 X 0 0 0 PETE HUDGINS DIRECTOR 0.00 X 0 0 0 TOM JOHNSON DIRECTOR 0.00 X 0 0 0 ALLEN C JONES IV DIRECTOR 0.00 X 0 0 0 W CLAY JONES DIRECTOR 0.00 X 0 0 0 GRANT JONES DIRECTOR 0.00 X 0 0 0 MARK W JONES DIRECTOR 0.00 X 0 0 0 DON KEELING DIRECTOR 0.00 X 0 0 0 CLAY KENLEY DIRECTOR 0.00 X 0 0 0 JOHN Z KIMBERLIN JR DIRECTOR 0.00 X 0 0 0 DAN W KINSEL III DIRECTOR 0.00 X 0 0 0 CHRIS LACY DIRECTOR 0.00 X 0 0 0 LORENZO LASATER DIRECTOR 0.00 X 0 0 0 JOE LEATHERS DIRECTOR 0.00 X 0 0 0 KEN LEIBER DIRECTOR 0.00 X 0 0 0 ALAN LEWIS DIRECTOR 0.00 X 0 0 0 FRANK H LEWIS JR DIRECTOR 0.00 X 0 0 0 STEVE C LEWIS DIRECTOR 0.00 X 0 0 0 JAMES LINK DIRECTOR 0.00 X 0 0 0 COLEMAN H LOCKE DIRECTOR 0.00 X 0 0 0 RICHARD M LUCAS JR DIRECTOR 0.00 X 0 0 0 STEVEN J MAFRIGE DIRECTOR 0.00 X 0 0 0 ROBERT B MANSFIELD DIRECTOR 0.00 X 0 0 0 JIM MCADAMS DIRECTOR 0.00 X 0 0 0 JAMES A MCALLEN DIRECTOR 0.00 X 0 0 0 WILLIAM H MCCALL DIRECTOR 0.00 X 0 0 0 BRIAN T MCLAUGHLIN DIRECTOR 0.00 X 0 0 0 BOB MOORHOUSE DIRECTOR 0.00 X 0 0 0 TOM MOORHOUSE DIRECTOR 0.00 X 0 0 0 DIAZ W MURRAY DIRECTOR 0.00 X 0 0 0 BETH KNOLLE NAISER DIRECTOR 0.00 X 0 0 0 DAN NANCE DIRECTOR 0.00 X 0 0 0 DAVID L NEAL DIRECTOR 0.00 X 0 0 0 T MICHAEL O'CONNOR DIRECTOR 0.00 X 0 0 0 RICK PEEBLES DIRECTOR 0.00 X 0 0 0 TIM PENNELL DIRECTOR 0.00 X 0 0 0 C PAXTON RAMSEY JR DIRECTOR 0.00 X 0 0 0 TOM L ROACH III DIRECTOR 0.00 X 0 0 0 CHARLES R ROBINSON DIRECTOR 0.00 X 0 0 0 CLIVE RUNNELLS III DIRECTOR 0.00 X 0 0 0 JOHN SUMNER RUNNELLS III DIRECTOR 0.00 X 0 0 0 JD SARTWELLE JR DIRECTOR 0.00 X 0 0 0 GORDON SAUER DIRECTOR 0.00 X 0 0 0 STUART SASSER DIRECTOR 0.00 X 0 0 0 CHRIS SCHARBAUER DIRECTOR 0.00 X 0 0 0 FRATES SEELIGSON JR DIRECTOR 0.00 X 0 0 0 J MALCOLM SHELTON IV DIRECTOR 0.00 X 0 0 0 STEVE SIKES DIRECTOR 0.00 X 0 0 0 DALE A SMITH DIRECTOR 0.00 X 0 0 0 EUGENE BRAGG SMITH III DIRECTOR 0.00 X 0 0 0 TONY SPEARS DIRECTOR 0.00 X 0 0 0 DANNY STEWART DIRECTOR 0.00 X 0 0 0 LINDA JOY STOVALL DIRECTOR 0.00 X 0 0 0 JOHN L SULLIVAN DIRECTOR 0.00 X 0 0 0 STEVE SWENSON DIRECTOR 0.00 X 0 0 0 RICK TATE DIRECTOR 0.00 X 0 0 0 JERRY K TAYLOR DIRECTOR 0.00 X 0 0 0 JIM THOMPSON DIRECTOR 0.00 X 0 0 0 ARTHUR G UHL III DIRECTOR 0.00 X 0 0 0 DELBURT W VAN CLEVE DIRECTOR 0.00 X 0 0 0 EDWARD G VAUGHAN DIRECTOR 0.00 X 0 0 0 GENE S WALKER JR DIRECTOR 0.00 X 0 0 0 DENNIS W WEBB DIRECTOR 0.00 X 0 0 0 WESLEY WELCH DIRECTOR 0.00 X 0 0 0 CHRISTOPHER CLARK WELDER DIRECTOR 0.00 X 0 0 0 MARK WHEELIS DIRECTOR 0.00 X 0 0 0 BEAU BRITE WHITE DIRECTOR 0.00 X 0 0 0 BILL WHITE DIRECTOR 0.00 X 0 0 0 RAY W WILLOUGHBY III DIRECTOR 0.00 X 0 0 0 DR MR MIKE WIRTZ DIRECTOR 0.00 X 0 0 0 TOM WOODWARD DIRECTOR 0.00 X 0 0 0 BART WULFF DIRECTOR 0.00 X 0 0 0 JOHN E ZACEK DIRECTOR 0.00 X 0 0 0 DUSTIN DEAN DIRECTOR 0.00 X 0 0 0 GARDNER H DUDLEY DIRECTOR 0.00 X 0 0 0 JAY C EVANS DIRECTOR 0.00 X 0 0 0 JOHNNY FERGUSON DIRECTOR 0.00 X 0 0 0 CLAYTON HENRY DIRECTOR 0.00 X 0 0 0 GERALD NOBLES JR DIRECTOR 0.00 X 0 0 0 JASON PEELER DIRECTOR 0.00 X 0 0 0 KEN WELCH DIRECTOR 0.00 X 0 0 0 CURTIS A YOUNTS JR DIRECTOR 0.00 X 0 0 0 TOM BEARD PAST PRESIDENT 0.00 X 0 0 0 C CONEY BURGESS PAST PRESIDENT 0.00 X 0 0 0 JOHN E DUDLEY PAST PRESIDENT 0.00 X 0 0 0 BOB MCCAN PAST PRESIDENT 0.00 X 0 0 0 J MARK MCLAUGHLIN PAST PRESIDENT 0.00 X 0 0 0 JOHN MEANS PAST PRESIDENT 0.00 X 0 0 0 JOE J PARKER PAST PRESIDENT 0.00 X 0 0 0 JAMES L POWELL PAST PRESIDENT 0.00 X 0 0 0 DAVE SCOTT PAST PRESIDENT 0.00 X 0 0 0 JOHN M JACK SHELTON PAST PRESIDENT 0.00 X 0 0 0 CR DICK SHERRON PAST PRESIDENT 0.00 X 0 0 0 CHAUNCE THOMPSON PAST PRESIDENT 0.00 X 0 0 0 JA WHITTENBURG PAST PRESIDENT 0.00 X 0 0 0 DR RICHARD THORPE III FIRST VICE PRESIDENT 10.00 X X 0 0 0 ELDON WHITE EXEC VP/CEO 40.00 X 234924 0 121418 ROBERT E MCKNIGHT JR SECOND VICE PRESIDENT & SECRETARY/TREASURER 0.00 X X 0 0 0 JASON SKAGGS EXEC DIRECTOR, PUB AFFAIRS 40.00 X 176982 0 16955 TIMOTHY NIEDECKEN EXEC DIRECTOR, MEMBERSHIP 40.00 X 112681 0 14212 524587 0 152585 3 0 1 0 QUAD GRAPHICS INC 6700 DENTON DR DALLAS TX 75235 PUBLISHER 212734 THE RK GROUP PO BOX 1361 SAN ANTONIO TX 78295 CATERING 181097 2 LIVESTOCK PROTECTION 110000 2630659 2630659 MEMBERSHIP 900099 1982851 1982851 ADVERTISING 511120 1052111 1052111 CONVENTION/TRADE SHOW 900099 839936 839936 INSURANCE 524298 575726 575726 446582 446582 7527865 134630 134630 75687 75687 298812 194967 103845 103845 -9247 113092 2319282 119800 2162320 16079 156962 103721 260683 260683 105117 59149 45968 45968 INTEREST IN SUB 900099 413319 413319 OTHER 900099 178019 178019 591338 8740016 3269369 4249249 1221398 677172 3472866 84700 580559 305264 7863 25284 38760 23833 168472 601512 140363 194830 557134 319169 106989 OTHER 457899 CATTLEMAN PUBLICATION 367416 VEHICLE EXPENSE 276305 8406390 357416 472323 4850586 3461535 548840 590047 36027 10417 13527 10768 229702 219723 4175447 1827254 2393271 2348193 5856925 6024156 3741102 4154421 190693 236169 18218089 17527752 340810 472443 263800 295748 7870318 8238853 8474928 9007044 X 9737245 8504937 5916 15771 9743161 8520708 18218089 17527752 X 333626 -95129 -1460950 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 142682 0 1 0 453727 453727 1250000 608974 641026 1104821 325617 779204 199857 199585 272 1167042 693078 473964 2348193 CLOSELY-HELD EQUITY INTERESTS 4154421 C 4154421 GROUP INSURANCE LIABILITY 1485251 GROUP INSURANCE RESERVE 3089885 MINIMUM PENSION LIABILITY 3307091 DEFERRED COMPENSATION LIABILITY 356626 8238853 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, 2014, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION'S TAX YEARS OF 2011 TO 2014 REMAIN SUBJECT TO EXAMINATION FOR FEDERAL PURPOSES. SILENT AUCTION 105117 105117 12743 14604 31802 105117 105117 12743 14604 31802 59149 45968 0.00000 X X X X 0 1 0 ELDON WHITE EXEC VP/CEO 189537 0 40000 0 5387 0 100811 0 20607 0 356342 0 0 0 JASON SKAGGS EXEC DIRECTOR, PUB AFFAIRS 150000 0 22500 0 4482 0 7079 0 9876 0 193937 0 0 0 PART I, LINE 4B DURING 2014, THE ASSOCIATION ACCRUED $91,429 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 IN TEXAS IS SUBJECT TO AN INSPECTION FEE, WHICH IS AUTHORIZED BY THE STATE OF TEXAS AND IS A SOURCE OR REVENUE TO THE ASSOCIATION. THE FEE IS ASSESSED PER HEAD OF CATTLE SOLD AND USED TO HELP TO FUND THE INSPECTION SERVICE THAT IS PERFORMED BY THE TSCRA MARSHALLS. ALL 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. ANY INDIVIDUAL OWNING CATTLE AND RENDERING FIFTY HEAD OR MORE CAN APPLY FOR MEMBERSHIP. 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 -1,460,950. TSCRA INSURANCE SERVICES 1301 W SEVENTH STREET FORT WORTH TX 76102 751869941 INSURANCE SALES TX TSCR ASSOCIATION C 744627 4618565 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 TSCRA INSURANCE SERVICES A 34560 MARKET VALUE TSCRA INSURANCE SERVICES J 34560 MARKET VALUE TSCRA INSURANCE SERVICES Q 184023 MARKET VALUE