Civic Intelligence

Independent Finance Institute Inc

EIN 73-1034242 • 501(c)6 • San Angelo, TX

Profile

SEE LINE 28

801 S Abe StreetSan Angelo, TX 76904

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

69th percentile

9.4%

Faster asset growth than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

-10%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$494,151

Up $42,461 (+9.4%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$494,151

Up $42,461 (+9.4%) from 2024

Operations
Liabilities / Revenue51st percentileNet Margin77th percentile

Revenue

Down

$255,860

Down $28,966 (-10%) from 2024

Expenses

Down

$213,399

Down $1,395 (-0.6%) from 2024

Net Income

Down

$42,461

Down $27,571 (-39%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $181,319Liabilities 2012: $02012Assets 2013: $159,482Liabilities 2013: $02013Assets 2014: $144,144Net Assets 2014: $144,1442014Assets 2015: $186,343Net Assets 2015: $186,3432015Assets 2016: $169,897Net Assets 2016: $169,8972016Assets 2017: $188,128Net Assets 2017: $188,1282017Assets 2018: $220,413Net Assets 2018: $220,4132018Assets 2019: $240,598Net Assets 2019: $240,5982019Assets 2020: $245,572Net Assets 2020: $245,5722020Assets 2021: $390,250Liabilities 2021: $0Net Assets 2021: $390,2502021Assets 2022: $393,852Liabilities 2022: $0Net Assets 2022: $393,8522022Assets 2023: $381,658Net Assets 2023: $381,6582023Assets 2024: $451,690Liabilities 2024: $0Net Assets 2024: $451,6902024Assets 2025: $494,151Liabilities 2025: $0Net Assets 2025: $494,1512025

Highlighted filing

2025

Assets$494,151
Liabilities$0
Net Assets$494,151
Open 2025 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $56,201Expenses 2012: $53,411Net Income 2012: $2,7902012Revenue 2013: $55,510Expenses 2013: $77,347Net Income 2013: -$21,8372013Revenue 2014: $66,857Expenses 2014: $82,195Net Income 2014: -$15,3382014Revenue 2015: $125,271Expenses 2015: $83,072Net Income 2015: $42,1992015Revenue 2016: $71,055Expenses 2016: $87,501Net Income 2016: -$16,4462016Revenue 2017: $121,996Expenses 2017: $103,765Net Income 2017: $18,2312017Revenue 2018: $124,720Expenses 2018: $92,435Net Income 2018: $32,2852018Revenue 2019: $119,754Expenses 2019: $99,569Net Income 2019: $20,1852019Revenue 2020: $122,962Expenses 2020: $117,988Net Income 2020: $4,9742020Revenue 2021: $274,360Expenses 2021: $129,682Net Income 2021: $144,6782021Revenue 2022: $184,023Expenses 2022: $180,421Net Income 2022: $3,6022022Revenue 2023: $161,744Expenses 2023: $173,938Net Income 2023: -$12,1942023Revenue 2024: $284,826Expenses 2024: $214,794Net Income 2024: $70,0322024Revenue 2025: $255,860Expenses 2025: $213,399Net Income 2025: $42,4612025

Highlighted filing

2025

Revenue$255,860
Expenses$213,399
Net Income$42,461
Open 2025 Filing

Filings

Most recent year

2025 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$494,151
Liabilities
$0
Net assets
$494,151
Revenue
$255,860
Expenses
$213,399
Net income
$42,461
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$0.00$4.94$2.56$2.13$0.42
2024Summary only. Only limited summary data is available for this year.$4.52$0.00$4.52$2.85$2.15$0.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$3.82$1.62$1.74$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.94$1.84$1.80$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.00$3.90$2.74$1.30$1.45
2020Detailed filing. Detailed filing data is available for this year.$2.46$2.46$1.23$1.18$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.41$2.41$1.20$1.00$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$2.20$1.25$0.92$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.88$1.88$1.22$1.04$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.70$1.70$0.71$0.88$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.86$1.86$1.25$0.83$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.44$1.44$0.67$0.82$0.15
2013Summary only. Only limited summary data is available for this year.$1.59$0.00$0.56$0.77$0.22
2012Summary only. Only limited summary data is available for this year.$1.81$0.00$0.56$0.53$0.03
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Mar 1, 2019 to Feb 29, 2020
Signed
Jun 2, 2021
Return Version
2019v5.1
Gross Receipts
$122,962
Mission and Program Overview

Mission

SEE LINE 28

Program Services

DescriptionGrantsExpenses
Gathering, interpreting and dissemination of information to members and the public.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Thomas Hudgins JrPresident-$0--
Jerry DouglassVice President-$0--
Andy DoehringSec/Treas-$0--
Filing and Contact Details

Filer

Filer Name
Independent Finance Institute Inc
EIN
73-1034242
Phone
5802235122
Address
801 S Abe Street, San Angelo, TX 76904

Signing Officer

Name
James Thomas Hudgins Jr
Title
President
Signed
2021-06-02
Discuss with paid preparer
Yes

Preparer

Firm
Stacy Hammond CPA PLLC
Address
120 N 4th Ave, Durant, OK 74701
Preparer
Angela Morgan EA
Phone
5809248945
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Travel 1,035”

Form 990-EZ, Part I, Line 16, Other Expenses

“Meals and entertainment 7,754”

Form 990-EZ, Part I, Line 16, Other Expenses

“Conferences, conventions, and meetings 51,329”

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 328”

Form 990-EZ, Part I, Line 16, Other Expenses

“Dues 395”

Raw XML Appendix108 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Jill Polk
IRS990EZ/BooksInCareOfDetail/PhoneNum05802214721
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05301 Briarcreek Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Durant
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd074701
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0240598
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0245572
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0106340
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04974
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt057125
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0240598
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0245572
IRS990EZ/GrossReceiptsAmt0122962
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01727
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0240598
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0245572
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0240598
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0245572
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0James Thomas Hudgins Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jerry Douglass
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Andy Doehring
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Sec/Treas
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt060841
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0See Line 28
IRS990EZ/PrintingPublicationsPostageAmt022
IRS990EZ/ProgramServiceRevenueAmt014895
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Gathering, interpreting and dissemination of information to members and the public.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OK
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0117988
IRS990EZ/TotalRevenueAmt0122962
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel 1,035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meals and entertainment 7,754
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, conventions, and meetings 51,329
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies 328
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Dues 395
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0James Thomas Hudgins Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Independent Finance Institute Inc
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0731034242
ReturnHeader/Filer/PhoneNum05802235122
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 S Abe Street
ReturnHeader/Filer/USAddress/CityNm0San Angelo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stacy Hammond CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 N 4th Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Durant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074701
ReturnHeader/PreparerPersonGrp/PhoneNum05809248945
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Angela Morgan EA
ReturnHeader/ReturnTs02021-06-02T04:53:43-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-03-01
ReturnHeader/TaxPeriodEndDt02020-02-29
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits