Secured Finance Network Inc
Secured Finance Network Inc. maintains stable operations with growing assets and no reported officer compensation.
EIN: 135539122 · New York, NY · NTEE: V22C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $6.0M |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Secured Finance Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Secured Finance Network Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Secured Finance Network Inc
Secured Finance Network Inc (EIN: 135539122) is a nonprofit organization based in New York, NY, classified under NTEE code V22C. The organization reported total revenue of $12.0M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Secured Finance Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Secured Finance Network Inc is a large nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-34,154 |
| Total Assets | $7.2M |
| Total Liabilities | $6.0M |
| Net Assets | $1.2M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 83.1% |
| Months of Reserves | 14.3 months |
Financial Health Grade: C
In 2023, Secured Finance Network Inc reported a deficit of $34K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 83.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Secured Finance Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +21.1% | +21.1% |
| 2022 | +54.0% | +24.1% | +93.2% |
| 2021 | -31.5% | -21.4% | +10.2% |
| 2020 | +0.2% | -0.4% | -17.3% |
| 2019 | -6.1% | +3.1% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Secured Finance Network Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Secured Finance Network Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is unusual for an organization of this size and revenue, suggesting that executive compensation may be reported under other expense categories or that top leadership is entirely volunteer.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Secured Finance Network Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive pay if reported under other categories.
Strengths
The following positive indicators were identified for Secured Finance Network Inc:
- 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.
Frequently Asked Questions about Secured Finance Network Inc
Is Secured Finance Network Inc a legitimate charity?
Secured Finance Network Inc (EIN: 135539122) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.0M. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Secured Finance Network Inc spend its money?
Secured Finance Network Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Secured Finance Network Inc tax-deductible?
Secured Finance Network Inc is registered as a tax-exempt nonprofit (EIN: 135539122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Secured Finance Network Inc's spending goes to programs?
Secured Finance Network Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Secured Finance Network Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Secured Finance Network Inc is above average for NTEE category V22C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Secured Finance Network Inc located?
Secured Finance Network Inc is headquartered in New York, New York and files with the IRS under EIN 135539122. It is classified under NTEE code V22C.
How many years of IRS 990 filings does Secured Finance Network Inc have?
Secured Finance Network Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.0M in total revenue.
Is Secured Finance Network Inc. financially stable?
Yes, the organization appears financially stable, with assets growing from $2.98 million in 2014 to $7.19 million in 2023, and revenues generally covering expenses over the past decade.
How does Secured Finance Network Inc. manage executive compensation?
The IRS 990 filings consistently report 0% officer compensation, which is an unusual finding for an organization of this scale and suggests that executive compensation might be reported differently or that leadership is unpaid.
What is the trend in the organization's assets and liabilities?
Assets have shown a positive growth trend, increasing from $2,987,127 in 2014 to $7,190,174 in 2023. Liabilities have also increased, but assets generally exceed liabilities, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Secured Finance Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Secured Finance Network Inc's revenue has grown by 42.3%, moving from $4.2M to $6.0M. Total assets increased by 205.1% over the same period, from $2.4M to $7.2M. Total functional expenses rose by 50.6%, from $4.0M to $6.0M. In its most recent filing year (2023), Secured Finance Network Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $6.0M in liabilities against $7.2M in assets (debt-to-asset ratio: 83.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.0M | $7.2M | $6.0M | — | View 990 |
| 2022 | $5.1M | $5.0M | $5.9M | $5.2M | — | View 990 |
| 2021 | $3.3M | $4.0M | $3.1M | $2.8M | — | — |
| 2020 | $4.9M | $5.1M | $2.8M | $2.3M | — | View 990 |
| 2019 | $4.9M | $5.1M | $3.4M | $2.8M | — | View 990 |
| 2018 | $5.2M | $5.0M | $3.5M | $3.0M | — | View 990 |
| 2017 | $5.1M | $5.1M | $2.7M | $2.8M | — | View 990 |
| 2016 | $5.2M | $5.1M | $2.8M | $2.8M | — | View 990 |
| 2015 | $4.9M | $4.8M | $3.0M | $2.9M | — | View 990 |
| 2014 | $4.5M | $4.5M | $3.0M | $2.9M | — | View 990 |
| 2013 | $4.0M | $4.4M | $2.7M | $2.6M | — | View 990 |
| 2012 | $4.4M | $3.9M | $3.1M | $2.6M | — | View 990 |
| 2011 | $4.2M | $4.0M | $2.4M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.0M, and assets of $7.2M (revenue +16.6% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.0M, and assets of $5.9M (revenue +54.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $4.0M, and assets of $3.1M (revenue -31.5% year-over-year).
- 2020: Revenue of $4.9M, expenses of $5.1M, and assets of $2.8M (revenue +0.2% year-over-year).
- 2019: Revenue of $4.9M, expenses of $5.1M, and assets of $3.4M (revenue -6.1% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.0M, and assets of $3.5M (revenue +2.6% year-over-year).
- 2017: Revenue of $5.1M, expenses of $5.1M, and assets of $2.7M (revenue -2.5% year-over-year).
- 2016: Revenue of $5.2M, expenses of $5.1M, and assets of $2.8M (revenue +6.3% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.8M, and assets of $3.0M (revenue +8.7% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.5M, and assets of $3.0M (revenue +12.3% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.4M, and assets of $2.7M (revenue -8.2% year-over-year).
- 2012: Revenue of $4.4M, expenses of $3.9M, and assets of $3.1M (revenue +3.3% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.0M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Secured Finance Network Inc:
Data Sources and Methodology
This transparency report for Secured Finance Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.