Civic Intelligence

The Westfair Association

990 • Fiscal year 2015 • EIN 42-1020703

Oct 01, 2014 to Sep 30, 2015 • Filed on Dec 09, 2015

PO Box 698Council Bluffs, IA 51502

(712) 322-9866

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.23x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.48x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

20th percentile

-7.7%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$619,100

Down $51,678 (-7.7%) from 2014

Net Assets

Down

$475,605

Down $64,419 (-12%) from 2014

Liabilities

Up

$143,495

Up $12,741 (+9.7%) from 2014

Revenue

Up

$300,885

Up $69,279 (+30%) from 2014

Expenses

Up

$365,304

Up $107,563 (+42%) from 2014

Net Income

Down

-$64,419

Down $38,284 (-146%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $913,205Liabilities 2010: $125,824Net Assets 2010: $787,3812010Assets 2011: $831,470Liabilities 2011: $110,748Net Assets 2011: $720,7222011Assets 2012: $866,828Liabilities 2012: $266,682Net Assets 2012: $600,1462012Assets 2013: $737,774Liabilities 2013: $171,615Net Assets 2013: $566,1592013Assets 2014: $670,778Liabilities 2014: $130,754Net Assets 2014: $540,0242014Assets 2015: $619,100Liabilities 2015: $143,495Net Assets 2015: $475,6052015Assets 2016: $568,342Liabilities 2016: $127,729Net Assets 2016: $440,6132016Assets 2017: $537,515Liabilities 2017: $128,830Net Assets 2017: $408,6852017Assets 2018: $633,301Liabilities 2018: $216,599Net Assets 2018: $416,7022018Assets 2019: $612,176Liabilities 2019: $102,293Net Assets 2019: $509,8832019Assets 2020: $618,709Liabilities 2020: $77,995Net Assets 2020: $540,7142020Assets 2021: $646,166Liabilities 2021: $38,288Net Assets 2021: $607,8782021Assets 2022: $661,306Liabilities 2022: $19,644Net Assets 2022: $641,6622022Assets 2023: $656,458Liabilities 2023: $505Net Assets 2023: $655,9532023Assets 2024: $760,532Liabilities 2024: $505Net Assets 2024: $760,0272024Assets 2025: $807,980Liabilities 2025: $736Net Assets 2025: $807,2442025

Highlighted filing

2015

Assets$619,100
Liabilities$143,495
Net Assets$475,605

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $446,882Expenses 2010: $512,299Net Income 2010: -$65,4172010Expenses 2011: $452,8422011Expenses 2012: $356,4872012Revenue 2013: $285,438Expenses 2013: $319,425Net Income 2013: -$33,9872013Revenue 2014: $231,606Expenses 2014: $257,741Net Income 2014: -$26,1352014Revenue 2015: $300,885Expenses 2015: $365,304Net Income 2015: -$64,4192015Revenue 2016: $302,095Expenses 2016: $314,627Net Income 2016: -$12,5322016Revenue 2017: $290,036Expenses 2017: $321,162Net Income 2017: -$31,1262017Revenue 2018: $356,703Expenses 2018: $348,686Net Income 2018: $8,0172018Revenue 2019: $404,881Expenses 2019: $311,700Net Income 2019: $93,1812019Revenue 2020: $213,998Expenses 2020: $183,167Net Income 2020: $30,8312020Revenue 2021: $419,934Expenses 2021: $352,770Net Income 2021: $67,1642021Revenue 2022: $417,140Expenses 2022: $383,356Net Income 2022: $33,7842022Revenue 2023: $1,069,982Expenses 2023: $1,055,691Net Income 2023: $14,2912023Revenue 2024: $1,129,399Expenses 2024: $1,025,325Net Income 2024: $104,0742024Revenue 2025: $1,117,866Expenses 2025: $1,070,649Net Income 2025: $47,2172025

Highlighted filing

2015

Revenue$300,885
Expenses$365,304
Net Income-$64,419
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Dec 9, 2015
Return Version
2014v6.0
Gross Receipts
$335,548
Mission and Program Overview

Mission

Operation of county fair grounds serving the residents of west pottawattamie county iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$487,218$454,889▼ $32,329
Savings and Temporary Cash Investments$139,842$140,048▲ $206
Cash and Non-Interest-Bearing Accounts$20,175--
Prepaid Expenses and Deferred Charges$23,543$1,702▼ $21,841
Total Assets$670,778$619,100▼ $51,678
Other Assets Total-$22,461-
Liabilities
Deferred Revenue$129,919$126,716▼ $3,203
Other Liabilities-$15,620-
Accounts Payable and Accrued Expenses$835$1,159▲ $324
Total Liabilities$130,754$143,495▲ $12,741
Net Assets / Fund Balance
Unrestricted Net Assets$540,024$475,605▼ $64,419
Total Net Assets Fund Balance$540,024$475,605▼ $64,419
Total Liabilities and Net Assets / Fund Balance$670,778$619,100▼ $51,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$201,177$1,306,599$1,507,776
Land$230,791-$230,791
Equipment$22,921$124,865$147,786
Other Assets Org$22,461--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arlyn JensenPresident
Calvin PetersenVice President
Craig PetersonDirector
Dave FischerDirector
Dave VorthmannDirector
Ed CainDirector
Jim JensonDirector
Nikki WoodsDirector
Reid AndersenDirector
Ron LammertDirector
Ann VorthmannSecretary
Rick KillionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,377
Program Service Revenue
$75,114
Investment Income
$206
Other Revenue
$148,188
All Other Contributions
$64,525
Change in Net Assets
$-64,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$350,568
Salaries, Compensation, and Employee Benefits$14,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$103,304$0$0$103,304
Other Expenses$63,147$0$0$63,147
Insurance$57,141$0$0$57,141
Office Expenses$34,274$0$0$34,274
Depreciation Depletion$33,828$0$0$33,828
Fees for Services Other$19,777$0$0$19,777
Advertising$17,795$0$0$17,795
Other Salaries and Wages$12,750$0$0$12,750
Fees for Services Accounting$0$8,755$0$8,755
Conferences and Meetings$6,742$0$0$6,742
Payroll Taxes$1,986$0$0$1,986
Total Functional Expenses$356,549$8,755$0$365,304
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
Checks Drawn on Future Deposits$15,620
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
Filing and Contact Details

Filer

Filer Name
The Westfair Association
EIN
42-1020703
Phone
7123229866
Address
PO BOX 698, COUNCIL BLUFFS, IA 51502

Signing Officer

Name
Rick Killion
Title
Treasurer
Phone
7123229866
Signed
2015-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Killion
Formed
1974
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
200

Preparer

Firm
Hamilton Associates Pc
Address
20 PEARL ST, COUNCIL BLUFFS, IA 51503
Preparer
Paul E Hamilton
Phone
7123220277
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

This is a membership orgainization with 131 members

Pt VI, Line 7A

Members may elect the voting members of the governing body

Pt VI, Line 11B

The treasurer reviews the 990

Pt VI, Line 19

Documents are available upon request

Form 990EZ, Part I, Line 8

MISCELLANEOUS INCOME

Form 990EZ, Part I, Line 16

Advertising dues and fees insurance fundraising travel donations bank charges program services miscellaneous

Form 990, Part IX, Line 24F

MISC.

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IRS990/Desc0THE 2015 SEASON WAS ANOTHER SUCCESSFUL YEAR FOR THE WESTFAIR ASSOCIATION. DURING FAIR WEEK, THERE WERE OVER 11,400 PEOPLE IN ATTENDANCE. THE FAIR BROUGHT IN 416 4H EXHIBITORS, SHOWING 1,426 EXHIBITS.
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/Desc0COUNTY FAIR
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt075114
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE FACILITIES FOR COMMUNITY EVENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0229817
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0110304
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt075515
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0307
IRS990/PYOtherExpensesAmt0250468
IRS990/PYOtherRevenueAmt0121451
IRS990/PYProgramServiceRevenueAmt034333
IRS990/PYRevenuesLessExpensesAmt0-26135
IRS990/PYSalariesCompEmpBnftPaidAmt07273
IRS990/PYTotalExpensesAmt0257741
IRS990/PYTotalRevenueAmt0231606
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-64419
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0137649
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt090782
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0139842
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0140048
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt077377
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt075515
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt012500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016491
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018647
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0200530
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022422
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020742
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0389
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0235749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0166535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0272440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0218661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0367147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01260532
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022422
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020742
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044811
IRS990ScheduleA/InvestmentIncomeCYPct00.02980
IRS990ScheduleA/InvestmentIncomePYPct00.01440
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.89990
IRS990ScheduleA/PublicSupportPY509Pct00.96620
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01355062
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt075000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt031000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0106000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt075000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt031000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0106000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0313126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0242050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0284940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0235152
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0385794
IRS990ScheduleA/Total509Grp/TotalAmt01461062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01505873
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0201177
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01306599
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01507776
IRS990ScheduleD/EquipmentGrp/BookValueAmt022921
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124865
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0147786
IRS990ScheduleD/LandGrp/BookValueAmt0230791
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0230791
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022461
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHECKS DRAWN ON FUTURE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0454889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022461
IRS990ScheduleD/TotalLiabilityAmt015620
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS IS A MEMBERSHIP ORGAINIZATION WITH 131 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS MAY ELECT THE VOTING MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER REVIEWS THE 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS INCOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADVERTISING DUES AND FEES INSURANCE FUNDRAISING TRAVEL DONATIONS BANK CHARGES PROGRAM SERVICES MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0670778
IRS990/TotalAssetsEOYAmt0619100
IRS990/TotalAssetsGrp/BOYAmt0670778
IRS990/TotalAssetsGrp/EOYAmt0619100
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077377
IRS990/TotalEmployeeCnt03

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.00$0.81$1.12$1.07$0.05
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.76$1.13$1.03$0.10
2023Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$1.07$1.06$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.02$0.64$0.42$0.38$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.04$0.61$0.42$0.35$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.08$0.54$0.21$0.18$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.10$0.51$0.40$0.31$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.22$0.42$0.36$0.35$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.13$0.41$0.29$0.32$0.03
2016Summary only. Only limited summary data is available for this year.$0.57$0.13$0.44$0.30$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.14$0.48$0.30$0.37$0.06
2014Summary only. Only limited summary data is available for this year.$0.67$0.13$0.54$0.23$0.26$0.03
2013Summary only. Only limited summary data is available for this year.$0.74$0.17$0.57$0.29$0.32$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.27$0.60$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.11$0.72$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.13$0.79$0.45$0.51$0.07