Civic Intelligence

Service 1St Credit Union

990 • Fiscal year 2019 • EIN 59-0594973

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

8916 Sabal Industrial BlvdTampa, FL 33619

(813) 621-9631

Siviq Scores

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

Liabilities / Assets

60th percentile

0.87x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

14.41x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$119,412

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

55th percentile

2.4%

Faster asset growth than 55% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

5.2%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$21,220,961

Up $488,428 (+2.4%) from 2018

Net Assets

Up

$2,764,491

Up $267,533 (+11%) from 2018

Liabilities

Up

$18,456,470

Up $220,895 (+1.2%) from 2018

Revenue

Up

$1,280,680

Up $63,878 (+5.2%) from 2018

Expenses

Down

$1,013,132

Down $17,202 (-1.7%) from 2018

Net Income

Up

$267,548

Up $81,080 (+43%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $16,560,175Liabilities 2010: $15,266,910Net Assets 2010: $1,293,2652010Assets 2011: $13,726,863Liabilities 2011: $12,403,119Net Assets 2011: $1,323,7442011Assets 2012: $14,382,773Liabilities 2012: $12,953,619Net Assets 2012: $1,429,1542012Assets 2013: $15,842,480Liabilities 2013: $14,341,808Net Assets 2013: $1,500,6722013Assets 2014: $17,876,622Liabilities 2014: $16,053,066Net Assets 2014: $1,823,5562014Assets 2015: $18,474,543Liabilities 2015: $16,421,222Net Assets 2015: $2,053,3212015Assets 2016: $19,378,562Liabilities 2016: $17,192,713Net Assets 2016: $2,185,8492016Assets 2017: $20,215,826Liabilities 2017: $17,905,310Net Assets 2017: $2,310,5162017Assets 2018: $20,732,533Liabilities 2018: $18,235,575Net Assets 2018: $2,496,9582018Assets 2019: $21,220,961Liabilities 2019: $18,456,470Net Assets 2019: $2,764,4912019Assets 2020: $24,211,627Liabilities 2020: $21,113,339Net Assets 2020: $3,098,2882020Assets 2021: $27,277,612Liabilities 2021: $23,793,015Net Assets 2021: $3,484,5972021Assets 2022: $28,708,292Liabilities 2022: $24,574,624Net Assets 2022: $4,133,6682022Assets 2023: $29,755,139Liabilities 2023: $24,883,278Net Assets 2023: $4,871,8612023Assets 2024: $33,236,382Liabilities 2024: $27,476,933Net Assets 2024: $5,759,4492024

Highlighted filing

2019

Assets$21,220,961
Liabilities$18,456,470
Net Assets$2,764,491

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,715,7382010Expenses 2011: $1,240,3452011Expenses 2012: $1,048,1902012Revenue 2013: $1,013,754Expenses 2013: $942,143Net Income 2013: $71,6112013Revenue 2014: $921,921Expenses 2014: $599,030Net Income 2014: $322,8912014Revenue 2015: $1,094,741Expenses 2015: $864,960Net Income 2015: $229,7812015Revenue 2016: $1,092,668Expenses 2016: $960,457Net Income 2016: $132,2112016Revenue 2017: $1,125,602Expenses 2017: $1,000,947Net Income 2017: $124,6552017Revenue 2018: $1,216,802Expenses 2018: $1,030,334Net Income 2018: $186,4682018Revenue 2019: $1,280,680Expenses 2019: $1,013,132Net Income 2019: $267,5482019Revenue 2020: $1,281,178Expenses 2020: $947,373Net Income 2020: $333,8052020Revenue 2021: $1,323,069Expenses 2021: $936,757Net Income 2021: $386,3122021Revenue 2022: $1,520,814Expenses 2022: $871,740Net Income 2022: $649,0742022Revenue 2023: $1,818,274Expenses 2023: $1,053,372Net Income 2023: $764,9022023Revenue 2024: $2,150,267Expenses 2024: $1,262,681Net Income 2024: $887,5862024

Highlighted filing

2019

Revenue$1,280,680
Expenses$1,013,132
Net Income$267,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.0
Gross Receipts
$1,280,680
Mission and Program Overview

Mission

Credit union - to provide services to approximately 1,714 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,490,341$13,475,331▼ $15,010
Savings and Temporary Cash Investments$3,632,000$3,524,000▼ $108,000
Rtn Earn Endowment Incm Other Fnds$1,858,327$2,125,860▲ $267,533
Cash and Non-Interest-Bearing Accounts$1,573,341$1,979,830▲ $406,489
Investments Other Securities$1,354,120$1,557,936▲ $203,816
Cap Stk Tr Prin Current Funds$638,631$638,631→ $0
Land, Buildings, and Equipment, Net$364,378$367,884▲ $3,506
Prepaid Expenses and Deferred Charges$104,530$91,114▼ $13,416
Total Assets$20,732,533$21,220,961▲ $488,428
Other Assets Total$213,823$224,866▲ $11,043
Liabilities
Other Liabilities$17,885,557$18,191,432▲ $305,875
Accounts Payable and Accrued Expenses$350,018$265,038▼ $84,980
Total Liabilities$18,235,575$18,456,470▲ $220,895
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,496,958$2,764,491▲ $267,533
Total Liabilities and Net Assets / Fund Balance$20,732,533$21,220,961▲ $488,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$148,641$380,710$529,351
Equipment$34,243$255,684$289,927
Land$185,000-$185,000
Other Securities$13,756--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharmon LenthCEO/sec/treaFT$116,368$3,044$119,412
Sharmon LenthCEO/sec/treas/alco-$85,740$33,672$119,412
Tanya FearCEOFT$85,721$7,728$93,449

Board Members and Trustees

NameTitle
Crystal GardnerChairperson
Margaret Buono-turchiarelliVice-chair/a
Add CarltonBoard Mem/no
Sharmon G LenthBoard Member
Ryan BarberSecretary/tr
Lynn McgregorSuper COM Ch
Alfred WilliamsSuper COM Vi
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,065,332
Investment Income
$150,154
Other Revenue
$65,194
Change in Net Assets
$267,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$588,657
Salaries, Compensation, and Employee Benefits$424,475
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$361,136-$361,136
Office Expenses-$114,135-$114,135
Interest-$94,426-$94,426
Occupancy-$58,134-$58,134
Payroll Taxes-$29,773-$29,773
Other Employee Benefits-$27,059-$27,059
Conferences and Meetings-$13,244-$13,244
Other Expenses-$11,509-$11,509
Pension Plan Contributions-$6,507-$6,507
All Other Expenses-$-10,430-$-10,430
Total Functional Expenses$0$1,013,132$0$1,013,132
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$9,492,174
All Other Shares$6,151,473
Share Drafts$2,547,785
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The credit union is owned by the members.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are conrolled by the board of directors. The members elect the board of directors at the annual meeting every year.

Form 990, Page 6, Part VI, Line 7B

Some decisions made by the board of directors are affirmed by the members.

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

The ceo reviews the for 990. The form 990 is available for review by the board of directors upon request.

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

The board of directors monitor and enforce the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

Financial documents are posted in the credit union lobby by the 15th of the subsequent month.

Filing and Contact Details

Filer

Filer Name
Coast 2 Coast Financial
EIN
59-0594973
Phone
8136219631
Address
8916 SABAL INDUSTRIAL BLVD, TAMPA, FL 33619

Signing Officer

Name
Tanya Fear
Title
CEO
Phone
8136219631
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tanya Fear
Formed
1939
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
7

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
2054372176
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Hours of service are related to duties of the board of directors and supervsory committee.

Form 990, Page 2, Part III, Line 4D

Grant from ncua-oscui for new product and education. The grant was approved in 2014 and disbursed in 2015 fior 6,500 and 4,000.

Form 990, Page 5, Part V, Line 3B

The credit union had no unrelated business income.

Raw XML AppendixShowing 400 of 407 raw XML fields

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/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1330957
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0734375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1330957
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt094426
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GRANT FROM NCUA-OSCUI FOR NEW PRODUCT AND EDUCATION. THE GRANT WAS APPROVED IN 2014 AND DISBURSED IN 2015 FIOR 6,500 AND 4,000.
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02125860
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0380710
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0255684
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0289927
IRS990ScheduleD/LandGrp/BookValueAmt0185000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0185000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16151473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22547785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt113756
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt01557936
IRS990ScheduleD/TotalLiabilityAmt018191432
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVSORY COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANT FROM NCUA-OSCUI FOR NEW PRODUCT AND EDUCATION. THE GRANT WAS APPROVED IN 2014 AND DISBURSED IN 2015 FIOR 6,500 AND 4,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION HAD NO UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CEO REVIEWS THE FOR 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020732533
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IRS990/TotalAssetsGrp/EOYAmt021220961
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt01065332
IRS990/TotalReportableCompFromOrgAmt0202089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01280680
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01280680
IRS990/TotalVolunteersCnt07
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021220961
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08916 SABAL INDUSTRIAL BLVD
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.C2CFCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TANYA FEAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08136219631
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COAST 2 COAST FINANCIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COAS
ReturnHeader/Filer/EIN0590594973
ReturnHeader/Filer/PhoneNum08136219631
ReturnHeader/Filer/USAddress/AddressLine1Txt08916 SABAL INDUSTRIAL BLVD
ReturnHeader/Filer/USAddress/CityNm0TAMPA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01B6CA9BC541401F502F85CA471909F6687E41DBE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01B6CA9BC541401F502F85CA471909F6687E41DBE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.115.143.126
ReturnHeader/FilingSecurityInformation/IPDt02020-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:29:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202711127
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CU AUDIT & COMPLIANCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum02054372176
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-14

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$27.5$5.76$2.15$1.26$0.89
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$24.9$4.87$1.82$1.05$0.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$24.6$4.13$1.52$0.87$0.65
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$23.8$3.48$1.32$0.94$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$21.1$3.10$1.28$0.95$0.33
2019Detailed filing. Detailed filing data is available for this year.$21.2$18.5$2.76$1.28$1.01$0.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$18.2$2.50$1.22$1.03$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$17.9$2.31$1.13$1.00$0.12
2016Summary only. Only limited summary data is available for this year.$19.4$17.2$2.19$1.09$0.96$0.13
2015Detailed filing. Detailed filing data is available for this year.$18.5$16.4$2.05$1.09$0.86$0.23
2014Detailed filing. Detailed filing data is available for this year.$17.9$16.1$1.82$0.92$0.60$0.32
2013Detailed filing. Detailed filing data is available for this year.$15.8$14.3$1.50$1.01$0.94$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$13.0$1.43$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$12.4$1.32$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$15.3$1.29$1.72
Peer Organizations

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