Civic Intelligence

West Central Partnership Inc.

990 • Fiscal year 2015 • EIN 34-1823745

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 30, 2016

915 West Market Street Suite CLima, OH 45805

(419) 222-0130

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.08x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

28th percentile

-6.4%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

2nd percentile

-95%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$27,901

Down $549,434 (-95%) from 2014

Net Assets

Down

-$1,154

Down $24,456 (-105%) from 2014

Liabilities

Down

$29,055

Down $524,978 (-95%) from 2014

Revenue

Up

$382,131

Up $51,625 (+16%) from 2014

Expenses

Up

$406,587

Up $67,010 (+20%) from 2014

Net Income

Down

-$24,456

Down $15,385 (-170%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2012: $56,532Liabilities 2012: $24,363Net Assets 2012: $32,1692012Assets 2013: $58,436Liabilities 2013: $26,063Net Assets 2013: $32,3732013Assets 2014: $577,335Liabilities 2014: $554,033Net Assets 2014: $23,3022014Assets 2015: $27,901Liabilities 2015: $29,055Net Assets 2015: -$1,1542015Assets 2016: $32,627Liabilities 2016: $13,454Net Assets 2016: $19,1732016Assets 2017: $26,504Liabilities 2017: $17,550Net Assets 2017: $8,9542017Assets 2018: $29,560Liabilities 2018: $2,875Net Assets 2018: $26,6852018Assets 2019: $19,951Liabilities 2019: $21,210Net Assets 2019: -$1,2592019Assets 2020: $34,085Liabilities 2020: $2,429Net Assets 2020: $31,6562020Assets 2021: $62,585Liabilities 2021: $2,508Net Assets 2021: $60,0772021Assets 2022: $36,956Liabilities 2022: $5,692Net Assets 2022: $31,2642022Assets 2023: $113,336Liabilities 2023: $1,351Net Assets 2023: $111,9852023Assets 2024: $180,198Liabilities 2024: $940Net Assets 2024: $179,2582024

Highlighted filing

2015

Assets$27,901
Liabilities$29,055
Net Assets-$1,154

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $440,8312012Revenue 2013: $382,982Expenses 2013: $382,778Net Income 2013: $2042013Revenue 2014: $330,506Expenses 2014: $339,577Net Income 2014: -$9,0712014Revenue 2015: $382,131Expenses 2015: $406,587Net Income 2015: -$24,4562015Revenue 2016: $355,290Expenses 2016: $334,963Net Income 2016: $20,3272016Revenue 2017: $290,146Expenses 2017: $300,365Net Income 2017: -$10,2192017Revenue 2018: $346,533Expenses 2018: $328,802Net Income 2018: $17,7312018Revenue 2019: $330,327Expenses 2019: $358,271Net Income 2019: -$27,9442019Revenue 2020: $456,445Expenses 2020: $423,530Net Income 2020: $32,9152020Revenue 2021: $484,515Expenses 2021: $456,094Net Income 2021: $28,4212021Revenue 2022: $443,486Expenses 2022: $472,299Net Income 2022: -$28,8132022Revenue 2023: $390,512Expenses 2023: $309,791Net Income 2023: $80,7212023Revenue 2024: $387,340Expenses 2024: $320,067Net Income 2024: $67,2732024

Highlighted filing

2015

Revenue$382,131
Expenses$406,587
Net Income-$24,456
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 30, 2016
Return Version
2015v2.1
Gross Receipts
$382,131
Mission and Program Overview

Mission

Administer the united states small business administration's 504 loan program throughout the state of ohio, the counties of monroe, lenawee, and washtenaw in michigan and the counties of jay, allen, randolph, dekalb and steuben in indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$58,140--
Accounts Receivable-$15,724-
Cash and Non-Interest-Bearing Accounts$51,097$12,177▼ $38,920
Other Assets Total$468,098--
Total Assets$577,335$27,901▼ $549,434
Liabilities
Accounts Payable and Accrued Expenses$970$23,083▲ $22,113
Other Liabilities$553,063$5,972▼ $547,091
Total Liabilities$554,033$29,055▼ $524,978
Net Assets / Fund Balance
Temporarily Rstr Net Assets$17,639--
Unrestricted Net Assets$5,663$-1,154▼ $6,817
Total Net Assets Fund Balance$23,302$-1,154▼ $24,456
Total Liabilities and Net Assets / Fund Balance$577,335$27,901▼ $549,434

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$17,515$17,515
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry StelzerPresident
Blair LaneBoard Member
Craig JonesBoard Member
Eric MormanBoard Member
Jared EbbingBoard Member
Jeffrey SpargueBoard Member
Matt StolzBoard Member
Rich FinneranBoard Member
John BergmanSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
West Central Developmnet CorpLease Admin Ser1070 COMMERCE DR BLDING 1 STE 100, Perrysburg, OH 43551$239,410
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$382,131
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-24,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$382,131
Revenue Not Reported on Form 990
$26,809
Total Revenue per Audited Statements
$408,940
Total Revenue per Form 990
$382,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,995
Salaries, Compensation, and Employee Benefits$98,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$143,026$7,528-$150,554
Current Officers, Directors, Trustees, and Key Employees$61,915$2,825-$64,740
Occupancy$31,200--$31,200
Other Salaries and Wages$24,376--$24,376
Information Technology$9,478$3,159-$12,637
Fees for Services Accounting-$8,871-$8,871
Fees for Services Legal$8,453--$8,453
Office Expenses$5,740$1,913-$7,653
Payroll Taxes$6,668$218-$6,886
Interest$5,544--$5,544
Travel$5,268--$5,268
Other Expenses$3,750--$3,750
Pension Plan Contributions$2,477$113-$2,590
Insurance-$1,387-$1,387
All Other Expenses-$717-$717
Total Functional Expenses$379,856$26,731$0$406,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$433,396
Expenses per Audited Statements$406,587
Total Expenses per Form 990$406,587
Expenses Not Reported on Form 990$26,809
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Compensated Abse$5,712
Withheld and Accrued Payroll Liabili$260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Form 990, Page 6, Part VI, Line 11B

Upon completion, an electronic copy of the form 990 is provided to each of the board members for review with a request for comments by a certain deadline. After the required deadline has passed, all comments or questions are addressed with the entire board. Upon approval by the board, the form 990 is submitted to the internal revenue service in compliance with federal and board regulations.

Form 990, Page 6, Part VI, Line 12C

In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board of directors considering the proposed transaction or arrangement. After disclosure of the financial interest, he/she shall abstain from the meeting to determine if a conflict of interest exists. The remaining board members shall decide if a conflict of interest exists. An appointed disinterested person or committee is to investigate alternatives to the proposed transaction. After exercising due diligence, the board of directors shall determine whether west central partnership, inc. Can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Page 6, Part VI, Line 15A

Each year the board of directors reviews the executive director's compensation based on performance and projected budget for the next year. Criteria for discussion of the executive director's salary change includes overall financial status of the organization, any changes or additions in job responsibilities of the executive director, and the previous years' performance. The proposed compensation is then compared to industry studies for similar positions.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
West Central Partnership Inc
EIN
34-1823745
Phone
4192220130
Address
915 WEST MARKET STREET SUITE C, LIMA, OH 45805
Doing Business As
Anchor Loan Services

Signing Officer

Name
Julie Jurosic
Title
Executive Director
Phone
4192220130
Signed
2016-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Jurosic
Formed
1996
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Knueven Schroeder & Co
Address
1035 NORTH MAIN STREET, FINDLAY, OH 45840
Preparer
Ann E Woolum Cpaabv Cba
Phone
4194228111
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Administer the united states small business administration's 504 loan program throughout the state of ohio, the counties of monroe, lenawee, and washtenaw in michigan and the counties of jay, allen, randolph, dekalb and steuben in indiana.

Form 990, Part IX, Line 11G

Leased employees 143,026 7,528 0

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTER THE UNITED STATES SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM THROUGHOUT THE STATE OF OHIO, THE COUNTIES OF MONROE, LENAWEE, AND WASHTENAW IN MICHIGAN AND THE COUNTIES OF JAY, ALLEN, RANDOLPH, DEKALB AND STEUBEN IN INDIANA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH OF THE BOARD MEMBERS FOR REVIEW WITH A REQUEST FOR COMMENTS BY A CERTAIN DEADLINE. AFTER THE REQUIRED DEADLINE HAS PASSED, ALL COMMENTS OR QUESTIONS ARE ADDRESSED WITH THE ENTIRE BOARD. UPON APPROVAL BY THE BOARD, THE FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE IN COMPLIANCE WITH FEDERAL AND BOARD REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, HE/SHE SHALL ABSTAIN FROM THE MEETING TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN APPOINTED DISINTERESTED PERSON OR COMMITTEE IS TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER WEST CENTRAL PARTNERSHIP, INC. CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON PERFORMANCE AND PROJECTED BUDGET FOR THE NEXT YEAR. CRITERIA FOR DISCUSSION OF THE EXECUTIVE DIRECTOR'S SALARY CHANGE INCLUDES OVERALL FINANCIAL STATUS OF THE ORGANIZATION, ANY CHANGES OR ADDITIONS IN JOB RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR, AND THE PREVIOUS YEARS' PERFORMANCE. THE PROPOSED COMPENSATION IS THEN COMPARED TO INDUSTRY STUDIES FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LEASED EMPLOYEES 143,026 7,528 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02016-09-27 15:27:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE JUROSIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04192220130
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