Civic Intelligence

Secured Finance Network Midwest

EIN 20-1500060 • 501(c)6 • Mokena, IL

Profile

The secured finance network is the trade group for commercial finance companies, factors, banks and other financing agencies in the asset-based financial services industry on an international, national, regional and local basis. The objectives of the organization are to provide, through discussion and publication, a forum for the consideration of inter- and intra-industry ideas and opportunities; to make available current information on legislation and court decisions relating to asset-based financial services; to improve legal and operational procedures employed by the industry; to furnish to the general public information on the function and significance of the industry in the credit structure of the country; to encourage the association's members, and their person.

19250 Everett Lane Ste 103Mokena, IL 60448

www.sfnetmidwest.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.28x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.04x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

98th percentile

65%

Higher net margin than 98% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$641,392

Up $135,188 (+27%) from 2023

Liabilities

Up

$180,799

Up $21,630 (+14%) from 2023

Net Assets

Up

$460,593

Up $113,558 (+33%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin98th percentile

Revenue

Up

$173,901

Up $25,535 (+17%) from 2023

Expenses

Up

$60,343

Up $5,662 (+10%) from 2023

Net Income

Up

$113,558

Up $19,873 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $105,791Liabilities 2010: $0Net Assets 2010: $105,7912010Assets 2011: $111,578Liabilities 2011: $0Net Assets 2011: $111,5782011Assets 2012: $101,893Liabilities 2012: $0Net Assets 2012: $101,8932012Assets 2013: $107,661Liabilities 2013: $0Net Assets 2013: $107,6612013Assets 2014: $186,353Liabilities 2014: $02014Assets 2015: $211,672Liabilities 2015: $0Net Assets 2015: $211,6722015Assets 2016: $261,163Liabilities 2016: $0Net Assets 2016: $261,1632016Assets 2017: $296,154Liabilities 2017: $0Net Assets 2017: $296,1542017Assets 2018: $294,794Liabilities 2018: $0Net Assets 2018: $294,7942018Assets 2019: $220,066Liabilities 2019: $0Net Assets 2019: $220,0662019Assets 2020: $243,636Liabilities 2020: $0Net Assets 2020: $243,6362020Assets 2021: $335,362Liabilities 2021: $123,469Net Assets 2021: $211,8932021Assets 2022: $463,634Liabilities 2022: $210,284Net Assets 2022: $253,3502022Assets 2023: $506,204Liabilities 2023: $159,169Net Assets 2023: $347,0352023Assets 2024: $641,392Liabilities 2024: $180,799Net Assets 2024: $460,5932024

Highlighted filing

2024

Assets$641,392
Liabilities$180,799
Net Assets$460,593
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2010: $22,437Expenses 2010: $9,653Net Income 2010: $12,7842010Revenue 2011: $21,294Expenses 2011: $15,507Net Income 2011: $5,7872011Revenue 2012: $5,693Expenses 2012: $15,378Net Income 2012: -$9,6852012Revenue 2013: $11,802Expenses 2013: $6,034Net Income 2013: $5,7682013Revenue 2014: $78,341Expenses 2014: $17,857Net Income 2014: $60,4842014Revenue 2015: $90,048Expenses 2015: $64,729Net Income 2015: $25,3192015Revenue 2016: $65,106Expenses 2016: $15,615Net Income 2016: $49,4912016Revenue 2017: $83,215Expenses 2017: $48,224Net Income 2017: $34,9912017Revenue 2018: $48,749Expenses 2018: $50,109Net Income 2018: -$1,3602018Revenue 2019: $49,145Expenses 2019: $123,873Net Income 2019: -$74,7282019Revenue 2020: $85,362Expenses 2020: $78,955Net Income 2020: $6,4072020Revenue 2021: $8,496Expenses 2021: $40,239Net Income 2021: -$31,7432021Revenue 2022: $93,142Expenses 2022: $51,685Net Income 2022: $41,4572022Revenue 2023: $148,366Expenses 2023: $54,681Net Income 2023: $93,6852023Revenue 2024: $173,901Expenses 2024: $60,343Net Income 2024: $113,5582024

Highlighted filing

2024

Revenue$173,901
Expenses$60,343
Net Income$113,558
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$641,392
Liabilities
$180,799
Net assets
$460,593
Revenue
$173,901
Expenses
$60,343
Net income
$113,558
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.41$1.81$4.61$1.74$0.60$1.14
2023Detailed filing. Detailed filing data is available for this year.$5.06$1.59$3.47$1.48$0.55$0.94
2022Detailed filing. Detailed filing data is available for this year.$4.64$2.10$2.53$0.93$0.52$0.41
2021Detailed filing. Detailed filing data is available for this year.$3.35$1.23$2.12$0.08$0.40$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.85$0.79$0.06
2019Summary only. Only limited summary data is available for this year.$2.20$0.00$2.20$0.49$1.24$0.75
2018Summary only. Only limited summary data is available for this year.$2.95$0.00$2.95$0.49$0.50$0.01
2017Summary only. Only limited summary data is available for this year.$2.96$0.00$2.96$0.83$0.48$0.35
2016Summary only. Only limited summary data is available for this year.$2.61$0.00$2.61$0.65$0.16$0.49
2015Summary only. Only limited summary data is available for this year.$2.12$0.00$2.12$0.90$0.65$0.25
2014Summary only. Only limited summary data is available for this year.$1.86$0.00$0.78$0.18$0.60
2013Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.12$0.06$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.06$0.15$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.21$0.16$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.22$0.10$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 29, 2025
Return Version
2024v5.1
Gross Receipts
$314,326
Mission and Program Overview

Mission

The secured finance network is the trade group for commercial finance companies, factors, banks and other financing agencies in the asset-based financial services industry on an international, national, regional and local basis. The objectives of the organization are to provide, through discussion and publication, a forum for the consideration of inter- and intra-industry ideas and opportunities; to make available current information on legislation and court decisions relating to asset-based financial services; to improve legal and operational procedures employed by the industry; to furnish to the general public information on the function and significance of the industry in the credit structure of the country; to encourage the association's members, and their person.

The secured finance network is the trade group for commercial finance companies, factors, banks, and other financing agencies in the asset-based financial services industry on an international, national, regional, and local basis. The objectives of the organization are to provide, through discussion and publication, a forum for the consideration of inter- and intra-industry ideas and opportunities; to make available current information on legislation and court decisions relating to asset-based financial services; to improve legal and operational procedures employed by the industry; to furnish to the general public information on the function and significance of the industry in the credit structure of the country; to encourage the association's members and their person.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$441,204$240,768▼ $200,436
Rtn Earn Endowment Incm Other Fnds$119,113$232,671▲ $113,558
Cap Stk Tr Prin Current Funds$227,922$227,922→ $0
Savings and Temporary Cash Investments-$207,442-
Investments Other Securities-$102,682-
Accounts Receivable$65,000$90,500▲ $25,500
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$506,204$641,392▲ $135,188
Liabilities
Deferred Revenue$155,135$175,855▲ $20,720
Accounts Payable and Accrued Expenses$4,034$4,944▲ $910
Total Liabilities$159,169$180,799▲ $21,630
Net Assets / Fund Balance
Total Net Assets Fund Balance$347,035$460,593▲ $113,558
Total Liabilities and Net Assets / Fund Balance$506,204$641,392▲ $135,188

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$102,682--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jason HoeflerPresident
Sabrina SinghFirst Vice President
Andrew BennettVice President
Jacqueline Helmrick CarlsonDirector
James LowDirector
Sandeep GuptaDirector
Bridget AndersonSecretary
Samantha LuckmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$202,265
Program Service Revenue
$0
Investment Income
$9,661
Other Revenue
$-38,025
All Other Contributions
$178,500
Change in Net Assets
$113,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,274
Salaries, Compensation, and Employee Benefits$19,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,869$13,200-$19,069
Fees for Services Other$12,919$1,800-$14,719
Other Expenses$13,938--$13,938
Office Expenses-$5,871-$5,871
Fees for Services Legal-$2,350-$2,350
Conferences and Meetings-$1,895-$1,895
Information Technology-$1,480-$1,480
Insurance-$1,000-$1,000
Advertising-$21-$21
Total Functional Expenses$32,726$27,617$0$60,343
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$140,425
Fundraising Gross Income$102,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$61,880$61,880$21,378$40,502
Holiday Event$13,615$13,615$1,829$11,786
Total Events$102,400$102,400$140,426$-38,026
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is made available to all board members prior to filing.”

Form 990, Part VI, Section C, Line 18

“The organization makes their form information returns available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents and certain policies available upon request.”

Filing and Contact Details

Filer

Filer Name
Secured Finance Network Midwest
EIN
20-1500060
Phone
8154692935
Address
19250 EVERETT LANE STE 103, MOKENA, IL 60448

Signing Officer

Name
Samantha Luckman
Title
Treasurer
Phone
8154692935
Signed
2025-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samantha Luckman
Formed
1988
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
50

Preparer

Firm
Sassetti LLC
Address
2107 SWIFT DRIVE SUITE 210, OAK BROOK, IL 60523
Preparer
Myrna Mejia
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Admin: program service expenses 12,919. Management and general expenses 1,800. Fundraising expenses 0. Total expenses 14,719.”

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04034
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04944
IRS990/AccountsReceivableGrp/BOYAmt065000
IRS990/AccountsReceivableGrp/EOYAmt090500
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS, AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL, AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS AND THEIR PERSON.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt021
IRS990/AdvertisingGrp/TotalAmt021
IRS990/AllOtherContributionsAmt0178500
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0GLATZ MANAGEMENT SERVICES INC
IRS990/BooksInCareOfDetail/PhoneNum08158064908
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt019250 EVERETT LANE SUITE 103
IRS990/BooksInCareOfDetail/USAddress/CityNm0MOKENA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060448
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0227922
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0227922
IRS990/CashNonInterestBearingGrp/BOYAmt0441204
IRS990/CashNonInterestBearingGrp/EOYAmt0240768
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01895
IRS990/ConferencesMeetingsGrp/TotalAmt01895
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0202265
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09661
IRS990/CYOtherExpensesAmt041274
IRS990/CYOtherRevenueAmt0-38025
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0113558
IRS990/CYSalariesCompEmpBnftPaidAmt019069
IRS990/CYTotalExpensesAmt060343
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0173901
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0155135
IRS990/DeferredRevenueGrp/EOYAmt0175855
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0ANNUAL CORPORATE SPONSORSHIPS TO THE MEMBERS OF THE ASSOCIATION AND THEIR NETWORKING MEETINGS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/ExpenseAmt032726
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02350
IRS990/FeesForServicesLegalGrp/TotalAmt02350
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01800
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt012919
IRS990/FeesForServicesOtherGrp/TotalAmt014719
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON HOEFLER
IRS990/Form990PartVIISectionAGrp/PersonNm1SABRINA SINGH
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIDGET ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SAMANTHA LUCKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5SANDEEP GUPTA
IRS990/Form990PartVIISectionAGrp/PersonNm6JACQUELINE HELMRICK CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES LOW
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt0140425
IRS990/FundraisingGrossIncomeAmt0102400
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0314326
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01480
IRS990/InformationTechnologyGrp/TotalAmt01480
IRS990/InsuranceGrp/ManagementAndGeneralAmt01000
IRS990/InsuranceGrp/TotalAmt01000
IRS990/InvestmentIncomeGrp/ExclusionAmt09661
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09661
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0102682
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt023765
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0347035
IRS990/NetAssetsOrFundBalancesEOYAmt0460593
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-38025
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-38025
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05871
IRS990/OfficeExpensesGrp/TotalAmt05871
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEMBER AND SPONSOR APPR
IRS990/OtherExpensesGrp/ProgramServicesAmt013938
IRS990/OtherExpensesGrp/TotalAmt013938
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05869
IRS990/OtherSalariesAndWagesGrp/TotalAmt019069
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SAMANTHA LUCKMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0198805
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0535
IRS990/PYOtherExpensesAmt039437
IRS990/PYOtherRevenueAmt0-50974
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt093685
IRS990/PYSalariesCompEmpBnftPaidAmt015244
IRS990/PYTotalExpensesAmt054681
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0148366
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0113558
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt023765
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0119113
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0232671
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0207442
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt023765
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0102682
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0102682
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0140426
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0HOLIDAY EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt029246
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt02003
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt031249
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt061880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013615
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt026905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0102400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt061880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013615
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt026905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0102400
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-38026
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt035998
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt059205
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021378
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01829
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt046967
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03005
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt049972
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES THEIR FORM INFORMATION RETURNS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS DOCUMENTS AND CERTAIN POLICIES AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADMIN: PROGRAM SERVICE EXPENSES 12,919. MANAGEMENT AND GENERAL EXPENSES 1,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,719.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0506204
IRS990/TotalAssetsEOYAmt0641392
IRS990/TotalAssetsGrp/BOYAmt0506204
IRS990/TotalAssetsGrp/EOYAmt0641392
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0202265
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027617
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032726
IRS990/TotalFunctionalExpensesGrp/TotalAmt060343
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0159169
IRS990/TotalLiabilitiesEOYAmt0180799
IRS990/TotalLiabilitiesGrp/BOYAmt0159169
IRS990/TotalLiabilitiesGrp/EOYAmt0180799
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0347035
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0460593
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032726
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-28364
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173901
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0506204
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0641392
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019250 EVERETT LANE STE 103
IRS990/USAddress/CityNm0MOKENA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060448
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SFNETMIDWEST.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SAMANTHA LUCKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08154692935
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECURED FINANCE NETWORK MIDWEST
ReturnHeader/Filer/BusinessNameControlTxt0SECU
ReturnHeader/Filer/EIN0201500060
ReturnHeader/Filer/PhoneNum08154692935
ReturnHeader/Filer/USAddress/AddressLine1Txt019250 EVERETT LANE STE 103
ReturnHeader/Filer/USAddress/CityNm0MOKENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060448
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362239746
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SASSETTI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02107 SWIFT DRIVE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060523
ReturnHeader/PreparerPersonGrp/PhoneNum07083861433
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MYRNA MEJIA
ReturnHeader/ReturnTs02025-06-02T17:53:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.