Civic Intelligence

Welcome Lake Fire and Rescue Inc.

990EZ • Fiscal year 2012 • EIN 23-3058626

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 02, 2013

99 Cosgrove Road18405
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.22x

Higher debt load relative to assets than 81% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

95th percentile

1.15x

Higher debt load relative to revenue than 95% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

37th percentile

-4.5%

Faster asset growth than 37% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Assets

Flat

$325,674

Flat from 2012

Net Assets

$253,552

No earlier filing loaded for comparison.

Liabilities

Flat

$72,122

Flat from 2012

Revenue

Flat

$62,762

Flat from 2012

Expenses

Flat

$37,629

Flat from 2012

Net Income

Flat

$25,133

Flat from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $211,750Net Assets 2010: $211,7502010Assets 2011: $341,181Liabilities 2011: $112,762Net Assets 2011: $228,4192011Assets 2012: $325,674Liabilities 2012: $72,122Net Assets 2012: $253,5522012Assets 2012: $325,674Liabilities 2012: $72,1222012Assets 2013: $331,027Liabilities 2013: $57,6462013Assets 2014: $347,769Liabilities 2014: $34,753Net Assets 2014: $313,0162014Assets 2015: $368,991Liabilities 2015: $26,717Net Assets 2015: $342,2742015Assets 2016: $380,651Net Assets 2016: $380,6512016Assets 2017: $421,469Liabilities 2017: $14,854Net Assets 2017: $406,6152017Assets 2018: $430,765Net Assets 2018: $430,7652018Assets 2019: $480,248Liabilities 2019: $33,185Net Assets 2019: $447,0632019Assets 2020: $496,355Liabilities 2020: $25,499Net Assets 2020: $470,8562020Assets 2021: $491,553Liabilities 2021: $17,533Net Assets 2021: $474,0202021Assets 2022: $493,287Net Assets 2022: $493,2872022Assets 2023: $513,102Liabilities 2023: $0Net Assets 2023: $513,1022023Assets 2024: $532,796Liabilities 2024: $0Net Assets 2024: $532,7962024

Highlighted filing

2012

Assets$325,674
Liabilities$72,122
Net Assets$253,552

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2010: $51,364Expenses 2010: $54,763Net Income 2010: -$3,3992010Revenue 2011: $74,162Expenses 2011: $57,493Net Income 2011: $16,6692011Revenue 2012: $62,762Expenses 2012: $37,629Net Income 2012: $25,1332012Revenue 2012: $62,762Expenses 2012: $37,629Net Income 2012: $25,1332012Revenue 2013: $47,182Expenses 2013: $27,353Net Income 2013: $19,8292013Revenue 2014: $68,230Expenses 2014: $28,595Net Income 2014: $39,6352014Revenue 2015: $52,416Expenses 2015: $23,158Net Income 2015: $29,2582015Revenue 2016: $68,740Expenses 2016: $30,363Net Income 2016: $38,3772016Revenue 2017: $49,576Expenses 2017: $23,612Net Income 2017: $25,9642017Revenue 2018: $57,135Expenses 2018: $32,985Net Income 2018: $24,1502018Revenue 2019: $68,832Expenses 2019: $52,536Net Income 2019: $16,2962019Revenue 2020: $76,569Expenses 2020: $52,776Net Income 2020: $23,7932020Revenue 2021: $53,260Expenses 2021: $50,094Net Income 2021: $3,1662021Revenue 2022: $84,074Expenses 2022: $64,804Net Income 2022: $19,2702022Revenue 2023: $83,768Expenses 2023: $63,955Net Income 2023: $19,8132023Revenue 2024: $73,202Expenses 2024: $53,508Net Income 2024: $19,6942024

Highlighted filing

2012

Revenue$62,762
Expenses$37,629
Net Income$25,133
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 2, 2013
Return Version
2012v2.1
Mission and Program Overview

Mission

Firefighting and prevention activities and rescue and safety activities.

Filing and Contact Details

Filer

EIN
23-3058626
Raw XML Appendix208 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
CompensationExplanation/Compensation/PersonName0DENNIS P ADAMS
CompensationExplanation/Compensation/PersonName1CRAIG CASE
CompensationExplanation/Compensation/PersonName2GARY DEFEO
CompensationExplanation/Compensation/PersonName3MARY ALLEN
CompensationExplanation/Compensation/PersonName4RICH MILLER
IRS990EZ/ActivitiesNotPreviouslyRpt0false
IRS990EZ/CashSavingsAndInvestments/BOY0125036
IRS990EZ/CashSavingsAndInvestments/EOY091994
IRS990EZ/ContributionsGiftsGrantsEtc038475
IRS990EZ/DidOrgFileForm1120POLThisYear0false
IRS990EZ/DoesOrgHaveHospital0false
IRS990EZ/EngagedInExcessBenefitTrans0false
IRS990EZ/EngageInLobbyingActivities0false
IRS990EZ/EngagePoliticalCmpgnActivities0false
IRS990EZ/ExcessOrDeficitForYear025133
IRS990EZ/FeesAndOthPymtToIndContractors01200
IRS990EZ/FiledScheduleA0true
IRS990EZ/ForeignFinancialAccount0false
IRS990EZ/ForeignOffice0false
IRS990EZ/FundraisingGrossIncome032888
IRS990EZ/GrossReceipts071943
IRS990EZ/InfoInScheduleOPartI0X
IRS990EZ/InfoInScheduleOPartII0X
IRS990EZ/InfoInScheduleOPartIII0X
IRS990EZ/InvestmentIncome080
IRS990EZ/LandAndBuildings/BOY011740
IRS990EZ/LandAndBuildings/EOY020019
IRS990EZ/MadeChangesToOrgnzngEtcDoc0false
IRS990EZ/MadeLoansToFromOfficers0false
IRS990EZ/MaintainAnyDonorAdvisedFunds0false
IRS990EZ/MethodOfAccountingCash0X
IRS990EZ/NetAssetsOrFundBalances/BOY0228419
IRS990EZ/NetAssetsOrFundBalancesBOY0228419
IRS990EZ/NetAssetsOrFundBalances/EOY0253552
IRS990EZ/NetAssetsOrFundBalancesEOY0253552
IRS990EZ/OccupancyRentUtilitiesAndMaint09612
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition01.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition11.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition22.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition31.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition41.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation30
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation40
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0DENNIS P ADAMS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1CRAIG CASE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2GARY DEFEO
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3MARY ALLEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4RICH MILLER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3SECRETARY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4CHIEF
IRS990EZ/OperatingSchool0false
IRS990EZ/Organization501c30X
IRS990EZ/OrganizationDissolvedEtc0false
IRS990EZ/OrganizationHadUBI0false
IRS990EZ/OtherAssetsTotal/BOY0204405
IRS990EZ/OtherAssetsTotal/EOY0213661
IRS990EZ/OtherExpensesTotal026817
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0FIREFIGHTING AND PREVENTION ACTIVITIES AND WATER RESCUE AND SAFETY ACTIVITIES.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0FIREFIGHTING AND WATER RESCUE SERVICES
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses035844
IRS990EZ/ProgramServiceRevenue0500
IRS990EZ/ProhibitedTaxShelterTrans0false
IRS990EZ/RelatedOrgControlledEntity0false
IRS990EZ/SpecialEventsDirectExpenses09181
IRS990EZ/SpecialEventsNetIncomeLoss023707
IRS990EZ/SubjectToProxyTax0false
IRS990EZ/SumOfTotalLiabilities/BOY0112762
IRS990EZ/SumOfTotalLiabilities/EOY072122
IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10111 WHITE OAKS ROAD
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0BEACH LAKE
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0PA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode018405
IRS990EZ/TheBooksAreInCareOf/NamePerson0GARY DEFEO
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber05707298691
IRS990EZ/TotalAssets/BOY0341181
IRS990EZ/TotalAssets/EOY0325674
IRS990EZ/TotalExpenses037629
IRS990EZ/TotalProgramServiceExpenses035844
IRS990EZ/TotalRevenue062762
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg0false
IRS990EZ/WebSite0N/A
IRS990ScheduleA/GeneralExplanation0INSURANCE PROCEEDS
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear01946
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year031500
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years04405
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years017679
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years022978
IRS990ScheduleA/GiftsGrantsContribReceived509/Total078508
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYear080
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus1Year092
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus2Years019
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus3Years0427
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years02569
IRS990ScheduleA/GrossInvestmentIncome509/Total03187
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear033494
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year033163
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years035371
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years029690
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years020083
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total0151801
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus3Years0100
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus4Years010200
IRS990ScheduleA/GrossReceiptsFromNonUBI/Total010300
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear080
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus1Year092
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus2Years019
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus3Years0427
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus4Years02569
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total03187
IRS990ScheduleA/InvestmentIncomePercentage00.01000
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus4Years02253
IRS990ScheduleA/OtherIncome509/Total02253
IRS990ScheduleA/PriorYearSupportPercentage00.98130
IRS990ScheduleA/PriorYrInvestIncomePercentage00.01000
IRS990ScheduleA/PubliclySupportedOrg509a20X
IRS990ScheduleA/PublicSupportPercentage50900.98410
IRS990ScheduleA/PublicSupportTotal5090335991
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/CurrentTaxYear036423
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/CurrentTaxYearMinus1Year010792
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/CurrentTaxYearMinus2Years016860
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/CurrentTaxYearMinus3Years020649
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/CurrentTaxYearMinus4Years010658
IRS990ScheduleA/TaxRevLeviedForOrgBenefit509/Total095382
IRS990ScheduleA/ThirtyThreePercntTestsCY5090X
IRS990ScheduleA/Total509/CurrentTaxYear071863
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year075455
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years056636
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years068118
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years063919
IRS990ScheduleA/Total509/Total0335991
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear071943
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year075547
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years056655
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years068545
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years068741
IRS990ScheduleA/TotalSupportTotal/Total0341431
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents08202
IRS990ScheduleG/EventsInformation/FoodAndBeverageEvent103769
IRS990ScheduleG/EventsInformation/FoodAndBeverageTotalEvents03769
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1015001
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent2011242
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal026243
IRS990ScheduleG/EventsInformation/GrossRevenueEvent1015001
IRS990ScheduleG/EventsInformation/GrossRevenueEvent2011242
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents026243
IRS990ScheduleG/EventsInformation/NameOfEvent10DINNERS
IRS990ScheduleG/EventsInformation/NameOfEvent20ANNUAL FUND DRI
IRS990ScheduleG/EventsInformation/NetIncomeSummary018041
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent103782
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent20651
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents04433
IRS990ScheduleO/GeneralExplanation/Explanation0EXPENSES OFFICE SUPPLIES 585 INTEREST 3,991 INSURANCE 5,233 LICENSES AND PERMITS 110 EQUIPMENT REPAIRS 4,592 EQUIPMENT FUEL 1,487 MISCELLANEOUS 300 SUPPLIES 1,678 DUES & SUBSCRIPTIONS 572 NON-INVESTMENT DEPRECIATION 8,269 TOTAL 26,817
IRS990ScheduleO/GeneralExplanation/Explanation1MACHINERY & EQUIPMENT 715,328 721,963 LESS ACCUMULATED DEPRECIATION 510,923 508,302 TOTAL 204,405 213,661
IRS990ScheduleO/GeneralExplanation/Explanation2UNSECURED NOTES AND LOANS PAYABLE 112,762 72,122
IRS990ScheduleO/GeneralExplanation/Explanation3FIREFIGHTING AND PREVENTION ACTIVITIES AND WATER RESCUE AND SAFETY ACTIVITIES.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier2OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/Identifier3PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0233058626
ReturnHeader/Filer/Name/BusinessNameLine10WELCOME LAKE FIRE & DIVE RESCUEINC
ReturnHeader/Filer/NameControl0WELC
ReturnHeader/Filer/Phone05707297331
ReturnHeader/Filer/USAddress/AddressLine1099 COSGROVE ROAD
ReturnHeader/Filer/USAddress/City0BEACH LAKE
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode018405
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-08-02
ReturnHeader/Officer/Name0GARY DEFEO
ReturnHeader/Officer/Phone05707297331
ReturnHeader/Officer/Title0TREASURER
ReturnHeader/Preparer/DatePrepared02013-08-05
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10BECK GOGOLSKI POSKA & CO INC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10914 CHURCH ST
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0HONESDALE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0PA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode018431
ReturnHeader/Preparer/Name0ALFRED D BECK CPA
ReturnHeader/Preparer/Phone05702534612
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-08-05T07:04:39-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.33$0.00$5.33$0.73$0.54$0.20
2023Summary only. Only limited summary data is available for this year.$5.13$0.00$5.13$0.84$0.64$0.20
2022Detailed filing. Detailed filing data is available for this year.$4.93$4.93$0.84$0.65$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.18$4.74$0.53$0.50$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.96$0.25$4.71$0.77$0.53$0.24
2019Detailed filing. Detailed filing data is available for this year.$4.80$0.33$4.47$0.69$0.53$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.31$4.31$0.57$0.33$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.21$0.15$4.07$0.50$0.24$0.26
2016Detailed filing. Detailed filing data is available for this year.$3.81$3.81$0.69$0.30$0.38
2015Detailed filing. Detailed filing data is available for this year.$3.69$0.27$3.42$0.52$0.23$0.29
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.35$3.13$0.68$0.29$0.40
2013Summary only. Only limited summary data is available for this year.$3.31$0.58$0.47$0.27$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.72$2.54$0.63$0.38$0.25
2012Summary only. Only limited summary data is available for this year.$3.26$0.72$0.63$0.38$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$1.13$2.28$0.74$0.57$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$2.12$0.51$0.55$0.03