Civic Intelligence

SBDC Inc

990 • Fiscal year 2022 • EIN 31-1125960

Jul 01, 2021 to Jun 30, 2022 • Filed on May 18, 2023

Organization ProfileWWW.SPRINGFIELDSBDC.COM
100 S Limestone St Ste 411Springfield, OH 45502

(937) 322-7821

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$2,134,707

Flat from 2022

Net Assets

Flat

$182,536

Flat from 2022

Liabilities

Flat

$1,952,171

Flat from 2022

Revenue And Expenses

Revenue

Flat

$634,333

Flat from 2022

Expenses

Flat

$624,762

Flat from 2022

Net Income

Flat

$9,571

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,472,890Liabilities 2012: $403,000Net Assets 2012: $2,069,8902012Assets 2013: $2,287,918Liabilities 2013: $249,338Net Assets 2013: $2,038,5802013Assets 2014: $2,026,414Liabilities 2014: $326,626Net Assets 2014: $1,699,7882014Assets 2015: $2,017,813Liabilities 2015: $239,830Net Assets 2015: $1,777,9832015Assets 2016: $1,654,678Liabilities 2016: $237,255Net Assets 2016: $1,417,4232016Assets 2017: $1,169,544Liabilities 2017: $225,629Net Assets 2017: $943,9152017Assets 2018: $972,904Liabilities 2018: $179,939Net Assets 2018: $792,9652018Assets 2019: $1,448,929Liabilities 2019: $178,622Net Assets 2019: $1,270,3072019Assets 2020: $1,203,045Liabilities 2020: $1,045,903Net Assets 2020: $157,1422020Assets 2021: $1,497,268Liabilities 2021: $1,324,303Net Assets 2021: $172,9652021Assets 2022: $2,134,707Liabilities 2022: $1,952,171Net Assets 2022: $182,5362022Assets 2022: $2,134,707Liabilities 2022: $1,952,171Net Assets 2022: $182,5362022Assets 2023: $2,374,262Liabilities 2023: $2,177,458Net Assets 2023: $196,8042023Assets 2024: $3,867,090Liabilities 2024: $3,601,289Net Assets 2024: $265,8012024

Highlighted filing

2022

Assets$2,134,707
Liabilities$1,952,171
Net Assets$182,536
Open 2022 Filing

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $848,7122012Expenses 2013: $1,103,0232013Revenue 2014: $668,274Expenses 2014: $1,009,179Net Income 2014: -$340,9052014Revenue 2015: $936,655Expenses 2015: $858,497Net Income 2015: $78,1582015Revenue 2016: $484,986Expenses 2016: $842,485Net Income 2016: -$357,4992016Revenue 2017: $469,592Expenses 2017: $944,058Net Income 2017: -$474,4662017Revenue 2018: $296,046Expenses 2018: $446,996Net Income 2018: -$150,9502018Revenue 2019: $874,682Expenses 2019: $400,662Net Income 2019: $474,0202019Revenue 2020: $272,212Expenses 2020: $266,610Net Income 2020: $5,6022020Revenue 2021: $354,395Expenses 2021: $338,572Net Income 2021: $15,8232021Revenue 2022: $634,333Expenses 2022: $624,762Net Income 2022: $9,5712022Revenue 2022: $634,333Expenses 2022: $624,762Net Income 2022: $9,5712022Revenue 2023: $809,474Expenses 2023: $795,204Net Income 2023: $14,2702023Revenue 2024: $655,295Expenses 2024: $586,389Net Income 2024: $68,9062024

Highlighted filing

2022

Revenue$634,333
Expenses$624,762
Net Income$9,571
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 18, 2023
Return Version
2021v4.2
Gross Receipts
$634,333
Mission and Program Overview

Mission

The mission is to assist businesses by offering special service, consultation, and low rate financing targeting businesses in springfield and clark co with 1-50 employees. We have a state mandate to provide services to support job growth and development in a nine county area

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$690,872$1,449,917▲ $759,045
Receivables From Officers Etc$315,384$285,447▼ $29,937
Cash and Non-Interest-Bearing Accounts$204,373$281,708▲ $77,335
Accounts Receivable$67,626$86,646▲ $19,020
Savings and Temporary Cash Investments$215,272$24,848▼ $190,424
Prepaid Expenses and Deferred Charges$1,135$5,941▲ $4,806
Land, Buildings, and Equipment, Net$2,606$200▼ $2,406
Total Assets$1,497,268$2,134,707▲ $637,439
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,156,256$1,765,666▲ $609,410
Deferred Revenue$165,895$161,095▼ $4,800
Accounts Payable and Accrued Expenses$2,152$25,410▲ $23,258
Total Liabilities$1,324,303$1,952,171▲ $627,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$172,965$182,536▲ $9,571
Total Net Assets Fund Balance$172,965$182,536▲ $9,571
Total Liabilities and Net Assets / Fund Balance$1,497,268$2,134,707▲ $637,439

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$200$11,829$12,029
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rob AlexanderExecutive DirectorFT$71,996$71,996

Board Members and Trustees

NameTitle
Michelle SweeneyPresident
Joe CollinsworthVice President
Amy DonohoeBoard Member
Barry CoutsBoard Member
Kent StoneBoard Member
Lisa StoumileBoard Memeber
Tom FranzenEx Officio Board Member
Gerritt SmithBaord Member
Kristin DavisSecretary
Brian NottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$606,119
Program Service Revenue
$14,622
Investment Income
$13,592
Other Revenue
$0
Change in Net Assets
$9,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$634,333
Total Revenue per Audited Statements
$634,333
Total Revenue per Form 990
$634,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,185
Salaries, Compensation, and Employee Benefits$234,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$242,136$27,982-$270,118
Other Salaries and Wages$121,237$6,381-$127,618
Current Officers, Directors, Trustees, and Key Employees$68,396$3,600-$71,996
Office Expenses$28,855$395-$29,250
Advertising$24,236--$24,236
Other Employee Benefits$18,138$955-$19,093
Occupancy$18,530--$18,530
Fees for Services Accounting-$16,814-$16,814
Payroll Taxes$15,076$794-$15,870
Travel$12,206--$12,206
Fees for Services Legal-$10,878-$10,878
Insurance-$4,743-$4,743
Depreciation Depletion$2,406--$2,406
Other Expenses$700$304-$700
Total Functional Expenses$551,916$72,846$0$624,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$624,762
Total Expenses per Audited Statements$624,762
Total Expenses per Form 990$624,762
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$315,384$285,447▼ $29,937
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

“Four government and education institutions have the power to appoint some board members”

Committee meeting documentation Part VI line 8B

“No committees have the authority to act on any issues for the governing body. Recommendations are made by the committees to the baord of trustees who have the authority to act.”

Form 990 governing body review Part VI line 11

“The completed 990 is presented to the board of trustees for review and approval each year.”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest disclosure form must be filed annually by all board members, officers, volunteers and staff members.”

CEO executive director top management comp Part VI line 15A

“The executive committee of the board (president, vice-president, treasurer, and secretary), does preliminary research using websites such as workforce.com specific to sbdcs surrounding area, the cost of living index and monies available to sbdc. In conjunction with this, the executive director as well as each board member completes a performance evaluation. The executive committee of the board reviews the overall performance and makes recommendations to the full board for the executive directors compensation for the ensuing year.”

Governing documents etc available to public Part VI line 19

“The governing documents, conflict of interest policy, and financial statements are kept in sbdcs office in hard copy format and are available upon request, either by telephone, e-mail or in person. The requested items can be delivered via u.s. Postal service, e-mail or in person at no charge to the individual(s).”

Filing and Contact Details

Filer

Filer Name
Sbdc Inc
EIN
31-1125960
Address
100 S LIMESTONE ST STE 411, SPRINGFIELD, OH 45502

Signing Officer

Name
Rob Alexander
Title
Executive Direc
Phone
9373227821
Signed
2023-05-18
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Minette Tax & Accounting Service
Address
20 S Limestone St Suite 110, Springfield, OH 45502
Preparer
Kimberly M Minette EA
Phone
9373224884
Supplemental Narrative

Additional Explanations

Amended return information

“Modified form 990 part vii section a listing of officers.michelle j sweeney was elected president, was previouly listed as secretary kristen davis was elected secretary, was previously listed as a board membertom franzen listed as ex officio board memberlisa stoumile became a board memberrob pollack was removed as a board member.”

List of other fees for services expenses Part IX line 11G

“$72,428 independent business consultants$ 73 misc contract services”

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IRS990/OtherExpensesGrp/TotalAmt1700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06381
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0121237
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127618
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01449917
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IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATIVE SERVICE
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IRS990/PYTotalExpensesAmt0338572
IRS990/PYTotalRevenueAmt0354395
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0315384
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IRS990/ReconcilationRevenueExpnssAmt09571
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0215272
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt011829
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012029
IRS990ScheduleD/ExpensesSubtotalAmt0624762
IRS990ScheduleD/RevenueSubtotalAmt0634333
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0200
IRS990ScheduleD/TotalExpensesPerForm990Amt0624762
IRS990ScheduleD/TotalRevenuePerForm990Amt0634333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0634333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0624762
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0285447
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ECONOMIC DISASTER AS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0330000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0VALCO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER FORMER BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0285447
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MODIFIED FORM 990 PART VII SECTION A LISTING OF OFFICERS.MICHELLE J SWEENEY WAS ELECTED PRESIDENT, WAS PREVIOULY LISTED AS SECRETARY KRISTEN DAVIS WAS ELECTED SECRETARY, WAS PREVIOUSLY LISTED AS A BOARD MEMBERTOM FRANZEN LISTED AS EX OFFICIO BOARD MEMBERLISA STOUMILE BECAME A BOARD MEMBERROB POLLACK WAS REMOVED AS A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOUR GOVERNMENT AND EDUCATION INSTITUTIONS HAVE THE POWER TO APPOINT SOME BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES HAVE THE AUTHORITY TO ACT ON ANY ISSUES FOR THE GOVERNING BODY. RECOMMENDATIONS ARE MADE BY THE COMMITTEES TO THE BAORD OF TRUSTEES WHO HAVE THE AUTHORITY TO ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST DISCLOSURE FORM MUST BE FILED ANNUALLY BY ALL BOARD MEMBERS, OFFICERS, VOLUNTEERS AND STAFF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE OF THE BOARD (PRESIDENT, VICE-PRESIDENT, TREASURER, AND SECRETARY), DOES PRELIMINARY RESEARCH USING WEBSITES SUCH AS WORKFORCE.COM SPECIFIC TO SBDCS SURROUNDING AREA, THE COST OF LIVING INDEX AND MONIES AVAILABLE TO SBDC. IN CONJUNCTION WITH THIS, THE EXECUTIVE DIRECTOR AS WELL AS EACH BOARD MEMBER COMPLETES A PERFORMANCE EVALUATION. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE OVERALL PERFORMANCE AND MAKES RECOMMENDATIONS TO THE FULL BOARD FOR THE EXECUTIVE DIRECTORS COMPENSATION FOR THE ENSUING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE KEPT IN SBDCS OFFICE IN HARD COPY FORMAT AND ARE AVAILABLE UPON REQUEST, EITHER BY TELEPHONE, E-MAIL OR IN PERSON. THE REQUESTED ITEMS CAN BE DELIVERED VIA U.S. POSTAL SERVICE, E-MAIL OR IN PERSON AT NO CHARGE TO THE INDIVIDUAL(S).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7$72,428 INDEPENDENT BUSINESS CONSULTANTS$ 73 MISC CONTRACT SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01497268
IRS990/TotalAssetsGrp/EOYAmt02134707
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072846
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0551916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0624762
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01952171
IRS990/TotalLiabilitiesGrp/BOYAmt01324303
IRS990/TotalLiabilitiesGrp/EOYAmt01952171
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0182536
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0551916
IRS990/TotalProgramServiceRevenueAmt014622
IRS990/TotalReportableCompFromOrgAmt071996
IRS990/TotalRevenueGrp/ExclusionAmt028214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0634333
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01497268
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02134707
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012206
IRS990/TravelGrp/TotalAmt012206
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.SPRINGFIELDSBDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROB ALEXANDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum09373227821
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SBDC INC
ReturnHeader/Filer/BusinessNameControlTxt0SBDC
ReturnHeader/Filer/EIN0311125960
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 S LIMESTONE ST STE 411
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Minette Tax & Accounting Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 S Limestone St Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Springfield
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045502
ReturnHeader/PreparerPersonGrp/PhoneNum09373224884

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,134,707
Liabilities
$1,952,171
Net assets
$182,536
Revenue
$634,333
Expenses
$624,762
Net income
$9,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$3.60$0.27$0.66$0.59$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$2.18$0.20$0.81$0.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.13$1.95$0.18$0.63$0.62$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$1.95$0.18$0.63$0.62$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.50$1.32$0.17$0.35$0.34$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.05$0.16$0.27$0.27$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.18$1.27$0.87$0.40$0.47
2018Detailed filing. Detailed filing data is available for this year.$0.97$0.18$0.79$0.30$0.45$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.23$0.94$0.47$0.94$0.47
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.24$1.42$0.48$0.84$0.36
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.24$1.78$0.94$0.86$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.03$0.33$1.70$0.67$1.01$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.25$2.04$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.40$2.07$0.85