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Producers Livestock Credit Assoc

Organization summary

Type of Nonprofit

Designated as a Cooperative organizations to finance crop operations, also in conjunction with activities of marketing or purchasing associations.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$3.27M (2023)

Expenses
$1.74M (2023)

Total Assets
$17.7M (2023)

Total Liabilities
$2.87M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,272,285
Expenses
$1,742,453
Net Income
$1,529,832
Net Assets
$14,835,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,203,179
97.9%
Investment Income $69,106
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $522,129
30.0%
Professional Fundraising Fees $0
Other Salaries and Wages $426,624
24.5%
Assets/Debt
Total Assets $17,702,488
Total Liabilities $2,867,076
Net Assets $14,835,412
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $218,941 $0 $20,447
Brian Fracker (Employee) $129,083 $0 $26,982
John King (Employee) $121,581 $0 $5,095
Tim Ruggles (Director) $0 $7,500 $0
Fred Berge (Director) $0 $4,500 $0
Dennis Corcoran (Director) $0 $7,250 $0
Grover Crawford (Director) $0 $10,250 $0
Philip Torrens (Director (Part Year)) $0 $0 $0
Michael Bumgarner (President & Ceo) $0 $419,319 $26,908
Brad Warner (Vp Finance & Acctg) $0 $205,233 $25,842

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,196,750
Expenses
$1,614,468
Net Income
$1,582,282
Net Assets
$13,305,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,137,524
98.1%
Investment Income $59,226
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $496,009
30.7%
Professional Fundraising Fees $0
Other Salaries and Wages $373,216
23.1%
Assets/Debt
Total Assets $16,175,239
Total Liabilities $2,869,659
Net Assets $13,305,580
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $193,447 $0 $17,150
Brian Fracker (Employee) $131,529 $0 $29,878
John King (Employee) $116,399 $0 $3,838
Tim Ruggles (Director) $0 $2,750 $0
Fred Berge (Director) $0 $5,500 $0
Dennis Corcoran (Director) $0 $3,500 $0
Grover Crawford (Director) $0 $7,500 $0
Philip Torrens (Director) $0 $4,500 $0
Michael Bumgarner (President & Ceo) $0 $358,479 $15,237
Brad Warner (Vp Finance & Acctg) $0 $178,141 $22,042

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,463,725
Expenses
$1,550,366
Net Income
$1,913,359
Net Assets
$11,723,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,425,248
98.9%
Investment Income $38,477
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $494,796
31.9%
Professional Fundraising Fees $0
Other Salaries and Wages $357,228
23.0%
Assets/Debt
Total Assets $13,618,291
Total Liabilities $1,894,993
Net Assets $11,723,298
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $212,786 $0 $13,189
John King (Employee) $119,872 $0 $21,624
Brian Fracker (Employee) $107,188 $0 $17,133
Tim Ruggles (Director) $0 $0 $0
Fred Berge (Director) $0 $4,000 $0
Dennis Corcoran (Director) $0 $5,250 $0
Grover Crawford (Director) $0 $6,000 $0
Philip Torrens (Director) $0 $4,250 $0
Michael Bumgarner (President & Ceo) $0 $358,981 $13,205
Brad Warner (Vp Finance & Acctg) $0 $207,993 $19,660

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,695,630
Expenses
$1,510,197
Net Income
$1,185,433
Net Assets
$9,809,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,658,218
98.6%
Investment Income $37,412
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,055
22.7%
Professional Fundraising Fees $0
Other Salaries and Wages $403,945
26.7%
Assets/Debt
Total Assets $11,360,152
Total Liabilities $1,550,213
Net Assets $9,809,939
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $192,592 $0 $12,312
John King (Employee) $115,071 $0 $23,080
Philip Torrens (Director) $0 $3,250 $0
Tim Ruggles (Director) $0 $5,000 $0
Fred Berge (Director) $0 $2,250 $0
Dennis Corcoran (Director) $0 $4,000 $0
Grover Crawford (Director) $0 $5,000 $0
Michael Bumgarner (President & Ceo) $0 $318,959 $12,640
Brad Warner (Vp Finance & Acctg) $0 $178,305 $18,977

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,673,397
Expenses
$1,578,021
Net Income
$1,095,376
Net Assets
$8,624,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,633,682
98.5%
Investment Income $39,715
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $270,263
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $407,421
25.8%
Assets/Debt
Total Assets $10,204,919
Total Liabilities $1,580,413
Net Assets $8,624,506
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $165,187 $0 $10,778
John King (Employee) $105,076 $0 $12,184
Fred Berge (Director) $0 $0 $0
Dennis Corcoran (Director) $0 $0 $0
Grover Crawford (Director) $0 $0 $0
Tim Ruggles (Director) $0 $0 $0
Philip Torrens (Director) $0 $0 $0
Michael Bumgarner (President & Ceo) $0 $296,008 $13,955
Joseph Werstak (Cfo & Treasurer) $0 $176,991 $3,377
Brad Warner (Vp Finance & Acctg) $0 $130,053 $30,259

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,157,549
Expenses
$1,410,705
Net Income
$746,844
Net Assets
$7,529,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,109,545
97.8%
Investment Income $48,004
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $164,190
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $503,279
35.7%
Assets/Debt
Total Assets $9,274,081
Total Liabilities $1,744,951
Net Assets $7,529,130
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $152,159 $0 $12,031
Fred Berge (Director) $0 $0 $0
James Lucas Exit 61 (Director/Vice Chairman) $0 $0 $0
Tim Ruggles (Director) $0 $0 $0
Phil Torrens (Director/Chairman) $0 $0 $0
Lynn Orr Exit 61 (Director) $0 $0 $0
Grover Crawford Enter 61 (Director) $0 $0 $0
Dennis Whitesell Enter 61 (Director) $0 $0 $0
Michael Bumgarner (President & Ceo) $0 $291,326 $17,738
Lori Keeton (Asst Secretary) $0 $56,085 $10,569
Bradley Warner (Asst Treasurer) $0 $114,186 $29,740
Joseph Westak (Cfo & Treasurer) $0 $214,075 $5,641

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,809,211
Expenses
$1,488,929
Net Income
$320,282
Net Assets
$6,782,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,744,064
96.4%
Investment Income $65,147
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $172,017
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $528,874
35.5%
Assets/Debt
Total Assets $7,772,890
Total Liabilities $990,604
Net Assets $6,782,286
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vp Credit Services) $157,794 $0 $14,223
Craig Adams Exit 617 (Director) $0 $0 $0
Fred Berge Enter 617 (Director) $0 $0 $0
James Lucas (Director/Vice Chairman) $0 $0 $0
Tim Ruggles (Director) $0 $0 $0
Phil Torrens (Director/Chairman) $0 $0 $0
Lynn Orr (Director) $0 $0 $0
Michael Bumgarner (President & Ceo) $0 $281,343 $16,995
Christine Dannhausen Exit 428 (Asst Secretary) $0 $25,634 $3,339
Lori Keeton Enter 51 (Asst Secretary) $0 $57,221 $9,813
Bradley Warner (Asst Treasurer) $0 $115,798 $27,910
Joseph Westak (Cfo & Treasurer) $0 $215,918 $6,351

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,827,383
Expenses
$1,326,220
Net Income
$501,163
Net Assets
$6,462,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,779,563
97.4%
Investment Income $47,820
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $149,407
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $510,422
38.5%
Assets/Debt
Total Assets $7,160,835
Total Liabilities $698,831
Net Assets $6,462,004
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vice President Credit Services) $136,117 $0 $13,290
Craig Adams (Director) $0 $0 $0
James Lucas (Director) $0 $0 $0
Tim Ruggles (Director) $0 $0 $0
Phil Torrens (Board Chairman) $0 $0 $0
Lynn Orr (Vice Chairman) $0 $0 $0
W Dennis Bolling (President And Ceo (Exited 01/16)) $0 $45,824 $900
Michael Bumgarner Coo Thru (01/16) President And Ceo (Eff 01/16)) $0 $276,948 $13,861
Joseph Werstak (Cfo And Treasurer) $0 $208,526 $3,502
Bradley Warner (Assistant Treasurer) $0 $109,984 $28,933
Christine Dannhausen (Assistant Secretary) $0 $56,461 $10,195

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,481,840
Expenses
$1,393,533
Net Income
$88,307
Net Assets
$5,960,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,427,975
96.4%
Investment Income $32,229
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,636
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $242,797
17.4%
Professional Fundraising Fees $0
Other Salaries and Wages $459,182
33.0%
Assets/Debt
Total Assets $6,743,698
Total Liabilities $782,857
Net Assets $5,960,841
Compensation
Key Employees and Officers Compensation Related Other
Robert Siegel (Vice President) $140,686 $0 $7,823
John King (Sr. Loan Officer) $102,111 $0 $8,539
Phil Torrens (Board Chairman) $0 $0 $0
Lynn Orr (Vice Chairman) $0 $0 $0
Craig Adams (Director) $0 $0 $0
James Lucas (Director) $0 $0 $0
Tim Ruggles (Director) $0 $0 $0
Dennis Bolling (President And Ceo) $0 $350,982 $21,366
Christine Dannhausen (Assistant Secretary) $0 $57,781 $9,407
Joseph Werstak (Cfo And Treasurer) $0 $225,392 $3,996
Bradley Warner (Assistant Treasurer) $0 $115,856 $27,473
Mike Bumgarner (Coo) $0 $223,852 $13,052

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,227
Expenses
$1,118,637
Net Income
-$372,410
Net Assets
$5,872,534
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $746,227
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,255,309
Total Liabilities $382,775
Net Assets $5,872,534
Compensation
Key Employees and Officers Compensation Related Other
Phil Torrens (Board Chairman) $0 $6,400 $0
Lynn Orr (Vice Chairman) $0 $11,600 $0
Craig Adams (Director) $0 $13,000 $0
James Lucas (Director) $0 $10,000 $0
Tim Ruggles (Director) $0 $8,800 $0
Dennis Bolling (Ceo & Secretary) $0 $317,369 $26,729
Christine Dannhausen (Assistant Secretary) $0 $53,440 $9,565
Joseph Werstak (Treasurer) $0 $203,304 $5,311
Bradley Warner (Assistant Treasurer) $0 $105,636 $25,483
Robert Siegel (Vice President) $0 $134,175 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,206,006
Expenses
$1,340,681
Net Income
-$134,675
Net Assets
$6,244,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,206,006
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,892,831
Total Liabilities $647,887
Net Assets $6,244,944
Compensation
Key Employees and Officers Compensation Related Other
Philip Torrens (Board Chairman) $0 $6,000 $0
Lynn Orr (Vice Chairman) $0 $11,600 $0
Craig Adams (Director) $0 $10,500 $0
James Lucas (Director) $0 $4,000 $0
Tim Ruggles (Director) $0 $10,000 $0
Dennis Bolling (Ceo & Secretary) $0 $309,264 $21,681
Christine Dannhausen (Assistant Secretary) $0 $52,062 $8,568
Joseph Werstak (Treasurer) $0 $193,751 $4,249
Bradley Warner (Assistant Treasurer) $0 $104,619 $23,507
Robert Siegal (Vice President) $0 $132,712 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,079,297
Expenses
$1,370,115
Net Income
-$290,818
Net Assets
$6,379,619
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,072,196
99.3%
Investment Income $1,001
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,100
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,163,630
Total Liabilities $784,011
Net Assets $6,379,619

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,301,459
Expenses
$1,690,240
Net Income
-$388,781
Net Assets
$6,670,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,295,058
99.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,401
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,315,279
Total Liabilities $644,842
Net Assets $6,670,437

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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