Civic Intelligence

West Central Partnership Inc.

990 • Fiscal year 2018 • EIN 34-1823745

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

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

78th percentile

0.10x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

54th percentile

5.1%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$60,060

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$29,560

Up $3,056 (+12%) from 2017

Net Assets

Up

$26,685

Up $17,731 (+198%) from 2017

Liabilities

Down

$2,875

Down $14,675 (-84%) from 2017

Revenue

Up

$346,533

Up $56,387 (+19%) from 2017

Expenses

Up

$328,802

Up $28,437 (+9.5%) from 2017

Net Income

Up

$17,731

Up $27,950 (+274%) from 2017

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

2018

Assets$29,560
Liabilities$2,875
Net Assets$26,685

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

2018

Revenue$346,533
Expenses$328,802
Net Income$17,731
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 18, 2019
Return Version
2018v3.1
Gross Receipts
$346,533
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
Cash and Non-Interest-Bearing Accounts$12,529$23,057▲ $10,528
Accounts Receivable$13,975$6,503▼ $7,472
Total Assets$26,504$29,560▲ $3,056
Liabilities
Accounts Payable and Accrued Expenses$17,550$2,875▼ $14,675
Total Liabilities$17,550$2,875▼ $14,675
Net Assets / Fund Balance
Unrestricted Net Assets$8,954$26,685▲ $17,731
Total Net Assets Fund Balance$8,954$26,685▲ $17,731
Total Liabilities and Net Assets / Fund Balance$26,504$29,560▲ $3,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie JurosicExecutive DiFT$57,750$2,310$60,060

Board Members and Trustees

NameTitle
Larry StelzerPresident
Eric MormanBoard Member
Jared EbbingBoard Member
John BergmanBoard Member
Mark HonigfordBoard Member
Matt StolzBoard Member
Rich FinneranBoard Member
Blair LaneCo-secretary
Craig JonesCo-secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
West Central Development CorpLease Admin Ser1070 COMMERCE DR BLDING 1 STE 100, Perrysburg, OH 43551$210,937
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$346,533
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$17,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$346,533
Revenue Not Reported on Form 990
$2,229
Total Revenue per Audited Statements
$348,762
Total Revenue per Form 990
$346,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$264,237
Salaries, Compensation, and Employee Benefits$64,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$146,233--$146,233
Current Officers, Directors, Trustees, and Key Employees$51,115$6,635-$57,750
Occupancy$36,072$4,008-$40,080
Information Technology$12,057$1,339-$13,396
Fees for Services Accounting$10,354$1,150-$11,504
Office Expenses$5,865$651-$6,516
Travel$5,263$585-$5,848
Payroll Taxes$3,991$514-$4,505
Insurance$3,438$382-$3,820
Pension Plan Contributions$2,046$264-$2,310
Other Expenses$50--$50
Total Functional Expenses$313,274$15,528$0$328,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$331,031
Expenses per Audited Statements$328,802
Total Expenses per Form 990$328,802
Expenses Not Reported on Form 990$2,229
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
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
2019-06-18
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
1

Preparer

Firm
Knueven Schroeder & Co
Address
1035 NORTH MAIN STREET, FINDLAY, OH 45840
Preparer
Ann E Woolum CPA
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 146,233 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require management of the partnership to evaluate tax positions taken by the agency and recognize a tax laibility if the agency has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service. Management has evaluated income tax positions taken and has concluded that as of december 31, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT OF THE PARTNERSHIP TO EVALUATE TAX POSITIONS TAKEN BY THE AGENCY AND RECOGNIZE A TAX LAIBILITY IF THE AGENCY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED INCOME TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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 146,233 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-18
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ReturnHeader/FilingSecurityInformation/IPTm008:51:45
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KNUEVEN SCHROEDER & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01035 NORTH MAIN STREET
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN E WOOLUM CPA
ReturnHeader/ReturnTs02019-07-31T08:51:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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