Liabilities / Assets
45th percentile
Tied with the lowest-debt nonprofits in its peer group.
Secured Finance Network Midwest
990EZ • Fiscal year 2020 • EIN 20-1500060
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
45th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Up$243,636
Up $23,570 (+11%) from 2019
Net Assets
Up$243,636
Up $23,570 (+11%) from 2019
Liabilities
Flat$0
Flat from 2019
Revenue And Expenses
Revenue
Up$85,362
Up $36,217 (+74%) from 2019
Expenses
Down$78,955
Down $44,918 (-36%) from 2019
Net Income
Up$6,407
Up $81,135 (+109%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 9, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $100,431
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.
Meetings and education of the association
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SEE STATEMENT OF EXEMPT PURPOSE | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| AARON SCEVA | President | PT | $0 | - | - |
| JEN KEMPTON | First Vice President | PT | $0 | - | - |
| KAT PARKER | Treasurer | PT | $0 | - | - |
| MIKE DUDEK | Secretary | PT | $0 | - | - |
| SUE DUCKETT | Vice President | PT | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| 2020 Special Events | $13,850 | $13,850 | $13,558 | $292 |
| 2020 Golf Invitational | $1,000 | $1,000 | - | $1,000 |
| Total Events | $15,800 | $15,800 | $38,113 | $-22,313 |
Filing and Contact Details
Filer
- Filer Name
- Secured Finance Network Midwest
- EIN
- 20-1500060
- Phone
- 3123344469
- Address
- 4210 WEST IRVING PARK ROAD, CHICAGO, IL 60641
Signing Officer
- Name
- Jennifer Kempton
- Title
- First Vice President
- Phone
- 3123344469
- Signed
- 2021-11-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- L J Soldinger Associates LLC
- Address
- 21925 FIELD PARKWAY SUITE 240, DEER PARK, IL 60010
- Preparer
- Larry J Soldinger
- Phone
- 8477268100
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: promotional costs. Amount: 18,944. Description: telephone/ fax machine. Amount: 300. Description: parking, cab fare, mileage. Amount: 1,434. Description: icontact annual fee, godaddy.com. Amount: 1,885. Description: administrative costs. Amount: 49,814. Description: miscellaneous expense. Amount: 138. Description: board expense. Amount: 1,963. Description: bank/ credit card fees. Amount: 964. Total to form 990-ez, line 16: 75,442.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: non cash transactions. Amount: 17,163.”
Raw XML Appendix152 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KIM WALDACK |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3122522501 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4210 W IRVING PARK ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60641 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 220066 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 243636 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 73566 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6407 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3513 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 220066 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 243636 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 15800 |
| IRS990EZ/GrossReceiptsAmt | 0 | 100431 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 11065 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 220066 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 243636 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 220066 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 243636 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | AARON SCEVA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JEN KEMPTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KAT PARKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MIKE DUDEK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | SUE DUCKETT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | FIRST VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 17163 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 75442 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | MEETINGS AND EDUCATION OF THE ASSOCIATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SEE STATEMENT OF EXEMPT PURPOSE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 15069 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 731 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 78955 |
| IRS990EZ/TotalRevenueAmt | 0 | 85362 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | COMMUNITY.CFA.COM/MIDWESTCHAPTER |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 38113 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | 2020 GOLF INVITATIONAL |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | 2020 SPECIAL EVENTS |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt | 0 | 18197 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 18197 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 1000 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 13850 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt | 0 | 950 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 15800 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 1000 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 13850 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt | 0 | 950 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 15800 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -22313 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt | 0 | 1296 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt | 0 | 1296 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 13558 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 13558 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt | 0 | 1 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 5062 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 5062 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: PROMOTIONAL COSTS. AMOUNT: 18,944. DESCRIPTION: TELEPHONE/ FAX MACHINE. AMOUNT: 300. DESCRIPTION: PARKING, CAB FARE, MILEAGE. AMOUNT: 1,434. DESCRIPTION: ICONTACT ANNUAL FEE, GODADDY.COM. AMOUNT: 1,885. DESCRIPTION: ADMINISTRATIVE COSTS. AMOUNT: 49,814. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 138. DESCRIPTION: BOARD EXPENSE. AMOUNT: 1,963. DESCRIPTION: BANK/ CREDIT CARD FEES. AMOUNT: 964. TOTAL TO FORM 990-EZ, LINE 16: 75,442. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: NON CASH TRANSACTIONS. AMOUNT: 17,163. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER KEMPTON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | FIRST VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3123344469 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-11-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SECURED FINANCE NETWORK MIDWEST |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O KIM WALDACK |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SECU |
| ReturnHeader/Filer/EIN | 0 | 201500060 |
| ReturnHeader/Filer/PhoneNum | 0 | 3123344469 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4210 WEST IRVING PARK ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60641 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 364540340 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | L J SOLDINGER ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 21925 FIELD PARKWAY SUITE 240 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DEER PARK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60010 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8477268100 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LARRY J SOLDINGER |
| ReturnHeader/ReturnTs | 0 | 2021-11-09T10:14:28-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JENNIFER |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KEMPTON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $243,636
- Liabilities
- $0
- Net assets
- $243,636
- Revenue
- $85,362
- Expenses
- $78,955
- Net income
- $6,407