Consistent 0% officer compensation reported, which may obscure actual executive pay if reported under other categories.
Strengths
Consistent revenue generation and operational stability over a decade.
Significant growth in assets, from $2.98 million in 2014 to $7.19 million in 2023, indicating financial health.
Revenues generally cover expenses, demonstrating sound financial management.
Spending Breakdown
How Secured Finance Network Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Secured Finance Network Inc
Is Secured Finance Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Secured Finance Network Inc (EIN: 135539122) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Secured Finance Network Inc a good charity to donate to?
Secured Finance Network Inc has a Mission Score of 75/100. Revenue: $12.0M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Secured Finance Network Inc?
The Employer Identification Number (EIN) for Secured Finance Network Inc is 135539122. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Secured Finance Network Inc spend its money?
Secured Finance Network Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Secured Finance Network Inc's tax-exempt status?
You can verify Secured Finance Network Inc's tax-exempt status using EIN 135539122 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Secured Finance Network Inc. demonstrates a consistent operational pattern, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, expenses of $6,026,435 slightly exceeded revenues of $5,992,281, indicating a break-even or slight deficit operational model. The organization's assets have shown growth, increasing from $2,987,127 in 2014 to $7,190,174 in 2023, suggesting sound financial management in building reserves. Liabilities have also increased in proportion to assets, which is a point to monitor, though the asset-to-liability ratio remains healthy.
Spending efficiency appears reasonable given the nature of a professional network organization, which often involves significant event and administrative costs. Without a detailed breakdown of program vs. administrative expenses from the provided data, a precise efficiency assessment is challenging. However, the consistent operational scale and asset growth suggest a stable financial footing. The reported 0% officer compensation across all filings indicates that the organization's top leadership is either unpaid or compensated through other means not categorized as 'officer compensation' on the 990, which could be a positive for donor perception or a point requiring further clarification for full transparency.
Transparency is generally good with consistent annual filings. The absence of reported officer compensation is a notable data point that could be interpreted positively as a commitment to mission, or it might suggest that compensation is reported under different categories, which would warrant further investigation for complete clarity on executive pay practices. Overall, the organization appears financially stable and well-managed within its operational scope.