Civic Intelligence

Betterfi

990EZ • Fiscal year 2023 • EIN 82-3083483

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 19, 2024

PO Box 27Coalmont, TN 37313

(931) 313-9942

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

8th percentile

-74%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$58,096

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 42.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

22nd percentile

-21%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-42%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$369,377

Down $98,493 (-21%) from 2022

Net Assets

Down

$364,125

Down $100,559 (-22%) from 2022

Liabilities

Up

$5,252

Up $2,066 (+65%) from 2022

Revenue

Down

$136,745

Down $97,724 (-42%) from 2022

Expenses

Up

$237,304

Up $56,158 (+31%) from 2022

Net Income

Down

-$100,559

Down $153,882 (-289%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $135,983Liabilities 2018: $427Net Assets 2018: $135,5562018Assets 2019: $125,109Liabilities 2019: $6,450Net Assets 2019: $118,6592019Assets 2020: $182,870Liabilities 2020: $12,996Net Assets 2020: $169,8742020Assets 2021: $545,974Liabilities 2021: $134,613Net Assets 2021: $411,3612021Assets 2022: $467,870Liabilities 2022: $3,186Net Assets 2022: $464,6842022Assets 2023: $369,377Liabilities 2023: $5,252Net Assets 2023: $364,1252023Assets 2024: $544,564Liabilities 2024: $82,210Net Assets 2024: $462,3542024

Highlighted filing

2023

Assets$369,377
Liabilities$5,252
Net Assets$364,125

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $850Expenses 2017: $850Net Income 2017: $02017Revenue 2018: $184,408Expenses 2018: $48,977Net Income 2018: $135,4312018Revenue 2019: $68,340Expenses 2019: $85,237Net Income 2019: -$16,8972019Revenue 2020: $159,002Expenses 2020: $107,787Net Income 2020: $51,2152020Revenue 2021: $369,157Expenses 2021: $127,670Net Income 2021: $241,4872021Revenue 2022: $234,469Expenses 2022: $181,146Net Income 2022: $53,3232022Revenue 2023: $136,745Expenses 2023: $237,304Net Income 2023: -$100,5592023Revenue 2024: $368,454Expenses 2024: $270,225Net Income 2024: $98,2292024

Highlighted filing

2023

Revenue$136,745
Expenses$237,304
Net Income-$100,559
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 19, 2024
Return Version
2023v5.1
Gross Receipts
$136,745
Mission and Program Overview

Mission

To provide relief to the poor, distressed and underprivileged, specifically through programs of financial assistance in the form of affordable financial products and services as well as financial education and coaching services for low income individuals and families.

Program Services

DescriptionGrantsExpenses
PROVIDED FINANCIAL ASSISTANCE TO LOW-INCOME INDIVIDUALS THROUGH NEW & REFINANCED CONSUMER LOANS OFFERING LOWER INTEREST RATES AND LONGER PAYOFF. WE OFFER FREE INCOME TAX FILING AS WELL AS COACHING FOR BETTER BUDGETING OF PERSONAL FINANCES.-$140,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AUGUSTINE HOSCHExecutive DirectorFT$58,096-$58,096
JEANNINE CLEMENTSVice-Chair-$0--
JOHN GOODSONDirector-$0--
BARRY ROLLINSDirector-$0--
NICOLETTE HAMILTONDirector-$0--
ANDY ANDERSONDirector-$0--
JAYNA JOHNSONDirector-$0--
JOHN SOLOMONTreasurer-$0--
WILLIAM TITUSPresident-$0--
JERRY ADAMSDirector-$0--
TINA WILLIAMSDirector-$0--
JAY FISHERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Betterfi
EIN
82-3083483
Phone
9313139942
Address
PO BOX 27, COALMONT, TN 37313

Signing Officer

Name
Augustine Hosch
Title
Executive Director
Signed
2024-08-19
Discuss with paid preparer
Yes

Preparer

Firm
Bean Rhoton & Kelley PLLC
Address
300 South Jefferson Street, Winchester, TN 37398
Preparer
Delanna M Rhoton CPA
Phone
9319670611
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $5410

Other Expenses.1005

Travel $4603

Other Expenses.1010

Amortization $334

Other Expenses.1012

Insurance $8530

Other Expenses.1

BAD DEBTS $28933

Other Expenses.2

SUPPLIES $10517

Other Expenses.3

Dues & subscriptions $9272

Other Expenses.4

Provision for loan loss $6549

Other Expenses.5

System development expense $5724

Other Expenses.6

Client reimbursements $3585

Other Expenses.7

Credit reporting & access $3526

Other Expenses.8

UTILITIES $2799

Other Expenses.9

DIRECT GIVING $2295

Other Expenses.10

TAXES $1832

Other Expenses.11

PRINTING $893

Other Expenses.12

PAYROLL PROCESSING $524

Other Expenses.13

CONTRACT LABOR $469

Other Expenses.14

WEBSITE $316

Other Expenses.15

STRIPE FEES $246

Other Expenses.16

BANK CHARGES $67

Other Expenses.17

Miscellaneous expense $65

Other Expenses.18

TRAINING & EDUCATION $25

Other Assets.1012

Intangible Assets - Beginning $613 Intangible Assets - Ending $279

Other Assets.1

ACCRUED INTEREST RECEIVABLE - Beginning $2689 ACCRUED INTEREST RECEIVABLE - Ending $3187

Other Assets.2

LOANS RECEIVABLE - Beginning $64473 LOANS RECEIVABLE - Ending $93494

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1032 Accounts Payable and Accrued Expenses - Ending $2000

Total Liabilities.1

SERVICED LOANS LIABILITY - Beginning $304 SERVICED LOANS LIABILITY - Ending $304

Total Liabilities.2

PAYROLL PROTECTION PROGRAM LOAN - Beginning $1850 PAYROLL PROTECTION PROGRAM LOAN - Ending $976

Total Liabilities.3

ACCRUED VACATION EXPENSE - Beginning $0 ACCRUED VACATION EXPENSE - Ending $1972

Raw XML Appendix264 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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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TN
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0BETTERFI.COM
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0912601
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $5410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $4603
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Amortization $334
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $8530
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BAD DEBTS $28933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPPLIES $10517
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUES & SUBSCRIPTIONS $9272
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROVISION FOR LOAN LOSS $6549
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SYSTEM DEVELOPMENT EXPENSE $5724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CLIENT REIMBURSEMENTS $3585
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CREDIT REPORTING & ACCESS $3526
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11UTILITIES $2799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DIRECT GIVING $2295
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13TAXES $1832
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14PRINTING $893
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15PAYROLL PROCESSING $524
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16CONTRACT LABOR $469
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17WEBSITE $316
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18STRIPE FEES $246
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19BANK CHARGES $67
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20MISCELLANEOUS EXPENSE $65
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21TRAINING & EDUCATION $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Intangible Assets - Beginning $613 Intangible Assets - Ending $279
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23ACCRUED INTEREST RECEIVABLE - Beginning $2689 ACCRUED INTEREST RECEIVABLE - Ending $3187
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24LOANS RECEIVABLE - Beginning $64473 LOANS RECEIVABLE - Ending $93494
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25Accounts Payable and Accrued Expenses - Beginning $1032 Accounts Payable and Accrued Expenses - Ending $2000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26SERVICED LOANS LIABILITY - Beginning $304 SERVICED LOANS LIABILITY - Ending $304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27PAYROLL PROTECTION PROGRAM LOAN - Beginning $1850 PAYROLL PROTECTION PROGRAM LOAN - Ending $976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28ACCRUED VACATION EXPENSE - Beginning $0 ACCRUED VACATION EXPENSE - Ending $1972
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Other Expenses.15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Other Expenses.16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28Total Liabilities.3
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AUGUSTINE HOSCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETTERFI
ReturnHeader/Filer/BusinessNameControlTxt0BETT
ReturnHeader/Filer/EIN0823083483
ReturnHeader/Filer/PhoneNum09313139942
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 27
ReturnHeader/Filer/USAddress/CityNm0COALMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037313
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621767845
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bean Rhoton & Kelley PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 South Jefferson Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Winchester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037398
ReturnHeader/PreparerPersonGrp/PhoneNum09319670611
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DELANNA M RHOTON CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-08-19T06:11:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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