Civic Intelligence

Pacific Swimming Inc

990 • Fiscal year 2017 • EIN 94-2701340

Sep 01, 2016 to Aug 31, 2017 • Filed on Mar 29, 2018

1320 Willow Pass Road Ste 655Concord, CA 94520

(925) 825-6041

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$7,200

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

8.9%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,789,299

Up $364,507 (+11%) from 2016

Net Assets

Up

$3,713,889

Up $367,114 (+11%) from 2016

Liabilities

Down

$75,410

Down $2,607 (-3.3%) from 2016

Revenue

Up

$1,289,271

Up $105,300 (+8.9%) from 2016

Expenses

Up

$1,074,966

Up $31,872 (+3.1%) from 2016

Net Income

Up

$214,305

Up $73,428 (+52%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,467,819Liabilities 2011: $265,277Net Assets 2011: $2,202,5422011Assets 2012: $2,707,443Liabilities 2012: $370,496Net Assets 2012: $2,336,9472012Assets 2013: $3,040,764Liabilities 2013: $395,026Net Assets 2013: $2,645,7382013Assets 2014: $2,825,449Liabilities 2014: $52,802Net Assets 2014: $2,772,6472014Assets 2015: $3,107,492Liabilities 2015: $65,264Net Assets 2015: $3,042,2282015Assets 2016: $3,424,792Liabilities 2016: $78,017Net Assets 2016: $3,346,7752016Assets 2017: $3,789,299Liabilities 2017: $75,410Net Assets 2017: $3,713,8892017Assets 2018: $4,115,822Liabilities 2018: $130,132Net Assets 2018: $3,985,6902018Assets 2019: $4,155,850Liabilities 2019: $148,808Net Assets 2019: $4,007,0422019Assets 2020: $4,008,895Liabilities 2020: $689,646Net Assets 2020: $3,319,2492020Assets 2021: $4,330,217Liabilities 2021: $560,152Net Assets 2021: $3,770,0652021Assets 2022: $4,051,424Liabilities 2022: $274,549Net Assets 2022: $3,776,8752022Assets 2023: $4,479,004Liabilities 2023: $101,004Net Assets 2023: $4,378,0002023Assets 2024: $5,245,596Liabilities 2024: $92,342Net Assets 2024: $5,153,2542024Assets 2025: $5,635,244Liabilities 2025: $87,263Net Assets 2025: $5,547,9812025

Highlighted filing

2017

Assets$3,789,299
Liabilities$75,410
Net Assets$3,713,889

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,970,319Expenses 2011: $1,709,939Net Income 2011: $260,3802011Expenses 2012: $2,119,0812012Revenue 2013: $2,080,775Expenses 2013: $1,953,440Net Income 2013: $127,3352013Revenue 2014: $713,694Expenses 2014: $704,198Net Income 2014: $9,4962014Revenue 2015: $1,638,244Expenses 2015: $1,014,327Net Income 2015: $623,9172015Revenue 2016: $1,183,971Expenses 2016: $1,043,094Net Income 2016: $140,8772016Revenue 2017: $1,289,271Expenses 2017: $1,074,966Net Income 2017: $214,3052017Revenue 2018: $1,465,582Expenses 2018: $1,277,719Net Income 2018: $187,8632018Revenue 2019: $1,229,911Expenses 2019: $1,279,578Net Income 2019: -$49,6672019Revenue 2020: $983,590Expenses 2020: $1,814,495Net Income 2020: -$830,9052020Revenue 2021: $683,662Expenses 2021: $427,071Net Income 2021: $256,5912021Revenue 2022: $1,283,445Expenses 2022: $668,588Net Income 2022: $614,8572022Revenue 2023: $1,365,825Expenses 2023: $949,444Net Income 2023: $416,3812023Revenue 2024: $1,372,808Expenses 2024: $986,008Net Income 2024: $386,8002024Revenue 2025: $1,489,446Expenses 2025: $1,220,506Net Income 2025: $268,9402025

Highlighted filing

2017

Revenue$1,289,271
Expenses$1,074,966
Net Income$214,305
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Mar 29, 2018
Return Version
2016v3.1
Gross Receipts
$1,838,092
Mission and Program Overview

Mission

Inspiring a passion for swimming and making a difference in the lives of our members.

The objectives and primary purpose of pacific swimming shall be the education, instruction and training of individuals to develop and improve their capabilities in the sport of swimming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,505,562$2,703,458▲ $197,896
Cash and Non-Interest-Bearing Accounts$857,782$1,053,973▲ $196,191
Prepaid Expenses and Deferred Charges$20,169$13,062▼ $7,107
Inventories for Sale or Use$15,010$8,346▼ $6,664
Land, Buildings, and Equipment, Net$8,664$5,411▼ $3,253
Accounts Receivable$17,605$5,049▼ $12,556
Total Assets$3,424,792$3,789,299▲ $364,507
Liabilities
Accounts Payable and Accrued Expenses$74,348$70,655▼ $3,693
Other Liabilities$3,669$4,755▲ $1,086
Total Liabilities$78,017$75,410▼ $2,607
Net Assets / Fund Balance
Unrestricted Net Assets$3,346,775$3,713,889▲ $367,114
Total Net Assets Fund Balance$3,346,775$3,713,889▲ $367,114
Total Liabilities and Net Assets / Fund Balance$3,424,792$3,789,299▲ $364,507

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,411$28,657$34,068
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Judy SeigristRegistrationFT$7,200$7,200

Board Members and Trustees

NameTitle
Kyle KikutaChair -age G
Cliff ReydaChair, Zone
James StretchChair, Zone
Jim MorefieldChair, Zone
Kevin TwoheyChair, Zone
Veronica HernandezVice Chair-d
Debbit TuckerVice Chair-o
Paul ReidlAdmin. Revie
Jay RowlandAt-large Mem
Leo LinAt-large Mem
Don HeidaryClub Develop
Pam ReddingDisability S
Kent YoshiwaraDiversity Co
David BenjaminGeneral Chai
Laary RiceMember at La
Michael DavisOfficials Ch
Marsha BenjaminOpen Water C
Clint BentonParlimemtari
Rick BeebeRecords Chai
Marie LinSecretary
Brain HolmSenior Comm
Calla RichardsSr Athlete R
Mary RuddellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$365,666
Program Service Revenue
$705,615
Investment Income
$199,901
Other Revenue
$18,089
Change in Net Assets
$214,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,289,271
Revenue Not Reported on Form 990
$163,212
Total Revenue per Audited Statements
$1,452,483
Total Revenue per Form 990
$1,289,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$754,966
Salaries, Compensation, and Employee Benefits$252,479
Grants and Similar Amounts Paid$67,521
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,111$88,368-$252,479
All Other Expenses$184,892$1,001-$185,893
Grants to Domestic Orgs$67,521--$67,521
Other Expenses$56,895--$56,895
Fees for Services Other-$35,598-$35,598
Office Expenses-$32,772-$32,772
Fees for Service Investment Mgmnt Fees-$26,444-$26,444
Depreciation Depletion$3,254--$3,254
Advertising-$1,750-$1,750
Total Functional Expenses$889,033$185,933$0$1,074,966

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,085,370
Expenses per Audited Statements$1,074,966
Total Expenses per Form 990$1,074,966
Expenses Not Reported on Form 990$10,404
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
Payroll Liabilities$3,841
Accrued Expenses$914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 2

David benjamin marsha benjamin zone 2 chair openwtr chr married couple cindy rowland jay rowland exec. Admin. Member at la married couple leo lin marie lin member at la board secret married couple clint benton laurie benton parlimentar office staff married couple

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

Only the elected and appointed board members are entiltled to a vote monthly. At the house of delegates(november and may/june) each member club is entitled to vote.

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

Section c disclosure 19 pacific swimming maintains a website www.pacswim.org where its governing documents, bylaws, rules and regulations and policies and procedures are accessible to members and public. A copy of conflict of interest policy is contained in the policies and procedures document of the organization, available on its website. The financial statements are maintained by the treasurer. A copy of the financial statements and the irs form 990 is available to members and the public by requesting it from the tresurer. Instructions and contact information are available on the pacific swimming website- www.pacswim.org

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

Part vi-goverance, management and disclosure section b policies 12c the bod adopted a conflict of interest statement to be signed annually each year. The secretary is responsible for collecting and monitoring that all members have turned a signed form each year.

Form 990, Page 6, Part VI, Line 15A

The board approves compensation of the organizattion's top official.

Form 990, Page 6, Part VI, Line 15B

The board approves compensation of the organizattion's officers and key employees.

Form 990, Page 6, Part VI, Line 19

Section c disclosure 19 pacific swimming maintains a website www.pacswim.org where its governing documents, bylaws, rules and regulations and policies and procedures are accessible to members and public. A copy of conflict of interest policy is contained in the policies and procedures document of the organization, available on its website. The financial statements are maintained by the treasurer. A copy of the financial statements and the irs form 990 is available to members and the public by requesting it from the tresurer. Instructions and contact information are available on the pacific swimming website- www.pacswim.org

Filing and Contact Details

Filer

Filer Name
Pacific Swimming
EIN
94-2701340
Phone
9258256041
Address
1320 WILLOW PASS ROAD STE 655, CONCORD, CA 94520

Signing Officer

Name
Mary Ruddell
Title
Treasurer
Phone
9257872707
Signed
2018-03-29

Organization Details

Principal Officer
David Benjamin
Formed
1980
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
1,250

Preparer

Firm
Wheeler Accountants Llp
Address
1475 SARATOGA AVE STE 100, SAN JOSE, CA 95129-4951
Preparer
Michael J Bryant CPA
Phone
4082521800
Supplemental Narrative

Additional Explanations

Form 990

Form 990 - organization's mission or most significant activities pacific swimming shall promote swimming for the benefit of swimmers of all ages and abilities in accordance with its bylaws, policies and procedures.

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

Volunteer management and supervision of usa swimming programs in northern california area for 130 clubs; non-athletes (coaches, officials and other volunteers) and athletes.

Form 990, Part IX, Line 24E

Meet expenses 50,986 0 0 volunteer expenses 43,317 0 0 diversity 30,731 0 0 camp expenses 26,885 0 0 equipment 16,158 0 0 chair expense 9,615 0 0 contract 7,200 0 0 foreign taxes paid 0 1,001 0 total 184,892 1,001 0

Form 990, Part XI, Line 9

COGS 10,404 COGS -10,404

Financial Statement Notes

Schedule D, Page 3, Part X

Per gaap, an organization must recognize the tax benefit associated with a tax position taken for tax return purposes when it is more likely than not that the position will be sustained. The organization does not believe there are any material uncertain tax positions and accordingly, they will not recognize any liability for unrecognized tax. No interest or penalties were accrued as of adoption of the standard. For the years ended august 31, 2017 and 2016, there were no interest or penalties recorded or included in the financial statements. There was no unrelated business income for the years ended august 31, 2017 and 2016. Accordingly, no provision for income taxes is made in these financial statements. The organization is subject to potential examination by taxing authorities for income tax returns filed in the u.s. Federal jurisdiction and the state of california. The tax years that remain subject to potential examination for the u.s. Federal jurisdiction are august 31, 2014 and forward. The state of california tax jurisdiction returns subject to potential examination for tax years are december 31, 2013 and forward.

Schedule D, Page 4, Part XI, Line 2D

COGS 10,404

Schedule D, Page 4, Part XII, Line 2D

COGS 10,404

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IRS990/Form990PartVIISectionAGrp/PersonNm17JAY ROWLAND
IRS990/Form990PartVIISectionAGrp/PersonNm18MARY RUDDELL
IRS990/Form990PartVIISectionAGrp/PersonNm19VERONICA HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm20DEBBIT TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm21MICHAEL DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm22CALLA RICHARDS
IRS990/Form990PartVIISectionAGrp/PersonNm23LAARY RICE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR -AGE G
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3SENIOR COMM
IRS990/Form990PartVIISectionAGrp/TitleTxt4AT-LARGE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt5REGISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, ZONE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR, ZONE
IRS990/Form990PartVIISectionAGrp/TitleTxt8PARLIMEMTARI
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR, ZONE
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR, ZONE
IRS990/Form990PartVIISectionAGrp/TitleTxt11CLUB DEVELOP
IRS990/Form990PartVIISectionAGrp/TitleTxt12DISABILITY S
IRS990/Form990PartVIISectionAGrp/TitleTxt13ADMIN. REVIE
IRS990/Form990PartVIISectionAGrp/TitleTxt14RECORDS CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt15OPEN WATER C
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIVERSITY CO
IRS990/Form990PartVIISectionAGrp/TitleTxt17AT-LARGE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE CHAIR-D
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE CHAIR-O
IRS990/Form990PartVIISectionAGrp/TitleTxt21OFFICIALS CH
IRS990/Form990PartVIISectionAGrp/TitleTxt22SR ATHLETE R
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER AT LA
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IRS990/FormationYr01980
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IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0127205
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt024
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossSalesOfInventoryAmt08617
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt08346
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
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IRS990/MembershipDuesAmt0365666
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE OBJECTIVES AND PRIMARY PURPOSE OF PACIFIC SWIMMING SHALL BE THE EDUCATION, INSTRUCTION AND TRAINING OF INDIVIDUALS TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0NATIONAL PROGRAM
IRS990/OtherExpensesGrp/Desc1AGE GROUP EXPENSES
IRS990/OtherExpensesGrp/Desc2OFFICIAL EXPENSES
IRS990/OtherExpensesGrp/Desc3EVENTS
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IRS990/OtherExpensesGrp/ProgramServicesAmt267204
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IRS990/OtherRevenueMiscGrp/Desc2MARKETING REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21732
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0164111
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IRS990/OtherWebsiteInd0X
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020169
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013062
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IRS990/ProgramServiceRevenueGrp/Desc1AGE GROUP PROGRAMS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153476
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IRS990/PYProgramServiceRevenueAmt0713827
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IRS990/PYSalariesCompEmpBnftPaidAmt0238428
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IRS990/PYTotalRevenueAmt01183971
IRS990/ReconcilationRevenueExpnssAmt0214305
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IRS990/RelatedEntityInd0false
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IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0404614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0445494
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01383129
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01387999
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt072696
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt071518
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt071578
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt067426
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt073611
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0356829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0734108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0739745
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0845541
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0661802
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0679449
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03660645

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.64$0.09$5.55$1.49$1.22$0.27
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.09$5.15$1.37$0.99$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.10$4.38$1.37$0.95$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.27$3.78$1.28$0.67$0.61
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$0.56$3.77$0.68$0.43$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.69$3.32$0.98$1.81$0.83
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.15$4.01$1.23$1.28$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$0.13$3.99$1.47$1.28$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.79$0.08$3.71$1.29$1.07$0.21
2016Detailed filing. Detailed filing data is available for this year.$3.42$0.08$3.35$1.18$1.04$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.07$3.04$1.64$1.01$0.62
2014Summary only. Only limited summary data is available for this year.$2.83$0.05$2.77$0.71$0.70$0.01
2013Detailed filing. Detailed filing data is available for this year.$3.04$0.40$2.65$2.08$1.95$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.37$2.34$2.12
2011Summary only. Only limited summary data is available for this year.$2.47$0.27$2.20$1.97$1.71$0.26