Civic Intelligence

Litchfield Industrial Corporation

EIN 23-7165709 • 501(c)4 • Litchfield, MI

Profile

To see that financing is available for small business to begin operations.

535 Marshall StreetLitchfield, MI 49252

n/A

Siviq Scores

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

Liabilities / Assets

100th percentile

33.07x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2015

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2015

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$55,925

Down $1,266 (-2.2%) from 2013

Liabilities

Up

$309

Up $309 from 2013

Net Assets

Down

$55,616

Down $1,575 (-2.8%) from 2013

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2013

Expenses

Down

$1,575

Down $3,770 (-71%) from 2013

Net Income

Up

-$1,575

Up $3,770 (+71%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$80K$60K$40K$20K$0Assets 2010: $78,464Liabilities 2010: $0Net Assets 2010: $78,4642010Assets 2011: $69,821Liabilities 2011: $0Net Assets 2011: $69,8212011Assets 2012: $62,527Liabilities 2012: $0Net Assets 2012: $62,5272012Assets 2013: $57,191Liabilities 2013: $0Net Assets 2013: $57,1912013Assets 2014: $55,925Liabilities 2014: $309Net Assets 2014: $55,6162014

Highlighted filing

2014

Assets$55,925
Liabilities$309
Net Assets$55,616
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10K$5.0K$0-$5.0K-$10KExpenses 2010: $4,5122010Expenses 2011: $8,6552011Expenses 2012: $7,4892012Revenue 2013: $0Expenses 2013: $5,345Net Income 2013: -$5,3452013Revenue 2014: $0Expenses 2014: $1,575Net Income 2014: -$1,5752014

Highlighted filing

2014

Revenue$0
Expenses$1,575
Net Income-$1,575
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,925
Liabilities
$309
Net assets
$55,616
Revenue
$0
Expenses
$1,575
Net income
-$1,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$55.9$0.31$55.6$0.00$1.58$1.58
2013Detailed filing. Detailed filing data is available for this year.$57.2$0.00$57.2$0.00$5.35$5.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.5$0.00$62.5$7.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.8$0.00$69.8$8.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.5$0.00$78.5$4.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 19, 2015
Return Version
2014v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To see that financing is available for small business to begin operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$56,756$55,856▼ $900
Cash and Non-Interest-Bearing Accounts$435$69▼ $366
Total Assets$57,191$55,925▼ $1,266
Liabilities
Accounts Payable and Accrued Expenses-$309-
Total Liabilities$0$309▲ $309
Net Assets / Fund Balance
Unrestricted Net Assets$57,191$55,616▼ $1,575
Total Net Assets Fund Balance$57,191$55,616▼ $1,575
Total Liabilities and Net Assets / Fund Balance$57,191$55,925▼ $1,266

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$159-
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Eugene SouthworthPresident
Ila J SmithSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$500-$500
Other Expenses-$63-$63
Total Functional Expenses$0$1,575$0$1,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Litchfield Industrial Corporation
EIN
23-7165709
Address
535 MARSHALL STREET, LITCHFIELD, MI 49252

Signing Officer

Name
Eugene Southworth
Title
President
Signed
2015-05-19

Organization Details

Voting Board Members
3
Independent Board Members
5
Employees
0

Preparer

Firm
Bildner & Company Pc
Address
1522 HUDSON ROAD PO BOX 284, HILLSDALE, MI 49242-0284
Preparer
Peter J Bildner CPA
Phone
5174391585
Raw XML Appendix203 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.

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt057191
IRS990/NetAssetsOrFundBalancesEOYAmt055616
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/BusinessNameControlTxt0LITC
ReturnHeader/Filer/EIN0237165709
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ReturnHeader/PreparerPersonGrp/PhoneNum05174391585
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER J BILDNER CPA
ReturnHeader/ReturnTs02015-05-19T15:29:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • <$500k nonprofits