Civic Intelligence

Naifa Illinois

990 • Fiscal year 2022 • EIN 37-0345280

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

Organization Profilewww.NAIFA-IL.com
PO Box 13365Springfield, IL 62791

(217) 529-0126

Siviq Scores

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

Liabilities / Assets

69th percentile

0.06x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.13x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

59th percentile

5.0%

Faster asset growth than 59% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

8.9%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$482,755

Up $23,076 (+5.0%) from 2021

Net Assets

Up

$451,828

Up $32,516 (+7.8%) from 2021

Liabilities

Down

$30,927

Down $9,440 (-23%) from 2021

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin70th percentile

Revenue

Up

$241,163

Up $19,676 (+8.9%) from 2021

Expenses

Up

$208,647

Up $3,454 (+1.7%) from 2021

Net Income

Up

$32,516

Up $16,222 (+100%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$600K$400K$200K$0Assets 2016: $295,950Liabilities 2016: $78,641Net Assets 2016: $217,3092016Assets 2017: $236,727Liabilities 2017: $77,006Net Assets 2017: $159,7212017Assets 2018: $261,228Liabilities 2018: $48,168Net Assets 2018: $213,0602018Assets 2019: $471,702Liabilities 2019: $40,448Net Assets 2019: $431,2542019Assets 2020: $440,501Liabilities 2020: $37,483Net Assets 2020: $403,0182020Assets 2021: $459,679Liabilities 2021: $40,367Net Assets 2021: $419,3122021Assets 2022: $482,755Liabilities 2022: $30,927Net Assets 2022: $451,8282022Assets 2023: $479,983Liabilities 2023: $23,613Net Assets 2023: $456,3702023Assets 2024: $498,584Liabilities 2024: $27,875Net Assets 2024: $470,7092024

Highlighted filing

2022

Assets$482,755
Liabilities$30,927
Net Assets$451,828
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $352,287Expenses 2016: $393,460Net Income 2016: -$41,1732016Revenue 2017: $277,893Expenses 2017: $335,481Net Income 2017: -$57,5882017Revenue 2018: $282,891Expenses 2018: $229,552Net Income 2018: $53,3392018Revenue 2019: $473,596Expenses 2019: $255,402Net Income 2019: $218,1942019Revenue 2020: $240,551Expenses 2020: $231,427Net Income 2020: $9,1242020Revenue 2021: $221,487Expenses 2021: $205,193Net Income 2021: $16,2942021Revenue 2022: $241,163Expenses 2022: $208,647Net Income 2022: $32,5162022Revenue 2023: $221,825Expenses 2023: $217,283Net Income 2023: $4,5422023Revenue 2024: $236,852Expenses 2024: $222,513Net Income 2024: $14,3392024

Highlighted filing

2022

Revenue$241,163
Expenses$208,647
Net Income$32,516
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$241,163
Mission and Program Overview

Mission

To advocate legislative awareness and involvement, facilitate professional growth, and provide leadership development opportunities to licensed providers of financial products and services.

To give members from insurance and financial advisory professions educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$377,151$399,180▲ $22,029
Savings and Temporary Cash Investments$80,457$81,330▲ $873
Prepaid Expenses and Deferred Charges$1,898$1,891▼ $7
Accounts Receivable$173$354▲ $181
Total Assets$459,679$482,755▲ $23,076
Liabilities
Deferred Revenue$32,876$23,438▼ $9,438
Accounts Payable and Accrued Expenses$7,491$7,489▼ $2
Total Liabilities$40,367$30,927▼ $9,440
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$419,312$451,828▲ $32,516
Total Net Assets Fund Balance$419,312$451,828▲ $32,516
Total Liabilities and Net Assets / Fund Balance$459,679$482,755▲ $23,076
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Art HayesImmediate Past President
Tim FoleyPresident
Dennis DeanPresident Elect
Thao HuynhAPIC/GR Director
Kevin FrostAt-Large Director/Strategy
Sara DecatoireExecutive Director
Rodrigo MenendezIFAPAC/ GR Director
Dennis GorskiMembership/Marketing Direc
Robert BurdMembership/Marketing Direc
Carl ZeidlerNational Committeeperson
David KikoenProfessional Dev. & Progra
Kyler SpencerProfessional Dev. & Progra
Eric EssexSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pivot Management ProfessionalsManagement526 E Allen Street, Springfield, IL 62703$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$209,984
Program Service Revenue
$26,391
Investment Income
$2,053
Other Revenue
$2,735
Change in Net Assets
$32,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,647
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 Management---$127,400
Fees for Services Lobbying---$25,000
Fees for Services Accounting---$12,250
Conferences and Meetings---$7,693
Other Expenses---$5,380
Information Technology---$3,720
Insurance---$3,328
All Other Expenses---$1,090
Office Expenses---$605
Total Functional Expenses$0$0$0$208,647
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$25,000
Total Nondeductible Lobbying and Political Cost$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization's management duties are performed primarily by the Executive Director in agreeance to the organization's service contract with the Executive Director's company, Pivot Management Professionals.”

Form 990, Part VI, Section A, line 6

“The members of the organization include professionals in the insurance and financial advisory industry.”

Form 990, Part VI, Section A, line 7A

“The nominating committee, comprised of current members, presents nominated candidates to the board. The delegates council then votes on the new members.”

Form 990, Part VI, Section B, line 11B

“The organization provides a copy of the 990 to the board of directors prior to filing.”

Form 990, Part VI, Section B, line 12C

“On an annual basis, each Board member and staff member are required to complete a conflict of interest statement and submit it to the Board of Directors.”

Form 990, Part VI, Section B, line 15

“The executive committee determines the compensation of the management company on an annual basis.”

Form 990, Part VI, Section C, line 19

“The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
NAIFA Illinois
EIN
37-0345280
Phone
2175290126
Address
PO Box 13365, Springfield, IL 62791

Signing Officer

Name
Sara Decatoire
Title
Executive Director
Phone
2175290126
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Decatoire
Formed
1946
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 S Seventh Street, Springfield, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“No change from prior year.”

Financial Statement Notes

Part X, Line 2:

“The Organization follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of December 31, 2022 were reviewed, and it was determined that no provision for uncertain tax positions is required.”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past President
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IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt025000
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt025000
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt010971
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0IFAPAC - Illinois
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0PO Box 13365
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0Springfield
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd062791
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-3140
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of December 31, 2022 were reviewed, and it was determined that no provision for uncertain tax positions is required.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sara Decatoire
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The executive committee determines the compensation of the Executive Director's management company on an annual basis.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1On an annual basis, the executive committee reviews and approves the service contract with the Executive Director's management company, Pivot Management Professionals. The organization paid the company $110,000 for management services for the year.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VII, Section A, Line 5.
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's management duties are performed primarily by the Executive Director in agreeance to the organization's service contract with the Executive Director's company, Pivot Management Professionals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the organization include professionals in the insurance and financial advisory industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The nominating committee, comprised of current members, presents nominated candidates to the board. The delegates council then votes on the new members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES A COPY OF THE 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4On an annual basis, each Board member and staff member are required to complete a conflict of interest statement and submit it to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The executive committee determines the compensation of the management company on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7No change from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NAIFA Illinois
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NAIFA Illinois
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NAIFA Illinois Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IL Assn of Insurance & Financial Advisors PAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527(f)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide scholarships to colleges
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Political advocacy to benefit the Insurance & Finance Professionals industry
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 13365
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO Box 13365
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Springfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Springfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0627913365
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd1627913365
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0459679
IRS990/TotalAssetsEOYAmt0482755
IRS990/TotalAssetsGrp/BOYAmt0459679
IRS990/TotalAssetsGrp/EOYAmt0482755
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0209984
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0208647
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040367
IRS990/TotalLiabilitiesEOYAmt030927
IRS990/TotalLiabilitiesGrp/BOYAmt040367
IRS990/TotalLiabilitiesGrp/EOYAmt030927
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0419312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0451828
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0194820
IRS990/TotalProgramServiceRevenueAmt026391
IRS990/TotalReportableCompFromOrgAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$482,755
Liabilities
$30,927
Net assets
$451,828
Revenue
$241,163
Expenses
$208,647
Net income
$32,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.28$4.71$2.37$2.23$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.80$0.24$4.56$2.22$2.17$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.83$0.31$4.52$2.41$2.09$0.33
2021Detailed filing. Detailed filing data is available for this year.$4.60$0.40$4.19$2.21$2.05$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.41$0.37$4.03$2.41$2.31$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.72$0.40$4.31$4.74$2.55$2.18
2018Detailed filing. Detailed filing data is available for this year.$2.61$0.48$2.13$2.83$2.30$0.53
2017Detailed filing. Detailed filing data is available for this year.$2.37$0.77$1.60$2.78$3.35$0.58
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.79$2.17$3.52$3.93$0.41