SECURED FINANCE NETWORK INC (EIN 135539122) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

RICHARD GUMBRECHT

Phone

2127929390

Tax Period

2023-10-01 to 2024-09-30

SECURED FINANCE NETWORK INC, founded in 1944, is a community nonprofit in the Social Science sector that reported $6.3M in total revenue in fiscal year 2023.

Mission

THE SECURED FINANCE NETWORK IS THE TRADE GROUP FOR COMMERCIAL FINANCE COMPANIES, FACTORS, BANKS AND OTHER FINANCING AGENCIES IN THE ASSET-BASED FINANCIAL SERVICES INDUSTRY ON AN INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL BASIS. THE OBJECTIVES OF THE ORGANIZATION ARE TO PROVIDE, THROUGH DISCUSSION AND PUBLICATION, A FORUM FOR THE CONSIDERATION OF INTER- AND INTRA-INDUSTRY IDEAS AND OPPORTUNITIES; TO MAKE AVAILABLE CURRENT INFORMATION ON LEGISLATION AND COURT DECISIONS RELATING TO ASSET-BASED FINANCIAL SERVICES; TO IMPROVE LEGAL AND OPERATIONAL PROCEDURES EMPLOYED BY THE INDUSTRY; TO FURNISH TO THE GENERAL PUBLIC INFORMATION ON THE FUNCTION AND SIGNIFICANCE OF THE INDUSTRY IN THE CREDIT STRUCTURE OF THE COUNTRY; TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSON.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,564,385

Investment Income $204,254

Other Revenue $533,424

TOTAL REVENUE $6,302,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,350,224

Fundraising Expenses $0

Other Expenses $4,354,048

TOTAL EXPENSES $6,704,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,302,063	$5,992,281	+0.1%
Expenses	$6,704,272	$6,026,435	+0.1%
Net Income	$-402,209	$-34,154	+10.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$956,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BOBROW	BOARD MEMBER/PRESIDENT	0.60	Officer Director	$0	$0	$0
ROBERT MEYERS	BOARD MEMBER/1ST VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
JENNIFER PALMER	BOARD MEMBER	0.20	Director	$0	$0	$0
BEATRIZ HERNANDEZ	BOARD MEMBER/VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
BETHANI OPPENHEIMER	BOARD MEMBER	0.20	Director	$0	$0	$0
HAMID NAMAZIE	BOARD MEMBER	0.20	Director	$0	$0	$0
IAN FREDERICKS	BOARD MEMBER	0.20	Director	$0	$0	$0
KATHLEEN PARKER	BOARD MEMBER	0.20	Director	$0	$0	$0
LAURA GLASS	BOARD MEMBER	0.20	Director	$0	$0	$0
LAWRENCE FLICK	BOARD MEMBER	0.20	Director	$0	$0	$0
LAWRENCE CHUA	BOARD MEMBER	0.20	Director	$0	$0	$0
ROBERT GRBIC	BOARD MEMBER	0.20	Director	$0	$0	$0
SUPREMNA COLE	BOARD MEMBER	0.20	Director	$0	$0	$0
TINA CAPOBIANCO	BOARD MEMBER	0.20	Director	$0	$0	$0
WILLIAM BENCE	BOARD MEMBER	0.20	Director	$0	$0	$0
HENRY SOSA	BOARD MEMBER	0.20	Director	$0	$0	$0
DAVID MORSE	BOARD MEMBER	0.20	Director	$0	$0	$0
LAUREN NADEAU	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL MONK	BOARD MEMBER	0.20	Director	$0	$0	$0
RICHARD GUMBRECHT	CEO	30.00	Officer	$693,515	$18,650	$712,165
GREGORY SLOWIK	CFO	30.00	Officer	$149,232	$24,675	$243,903
JONATHAN N HELFAT	CO-GENERAL COUNSEL	0.60	Officer	$0	$0	$0
BOBBI ACORD NOLAND	CO-GENERAL COUNSEL	0.60	Officer	$0	$0	$0
JEFFREY WALSH	BOARD MEMBER OF CONFERENCE	40.00	Highest	$158,518	$27,272	$185,790
AYDAN SAVASER	OPERATIONS DIRECTOR	40.00	Highest	$137,810	$4,619	$142,429
MICHELE A OCEJO	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$114,400	$19,621	$134,021
JAMES KRAVITZ	BUSINESS DEVELOPMENT DIRECTOR	40.00	Highest	$296,260	$16,602	$312,862

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$6,302,063	$6,704,272	$7,202,880	$-402,209
2023	$5,992,281	$6,026,435	$7,190,174	$-34,154
2022	$5,140,562	$4,977,745	$5,939,386	$162,817
2021	$3,338,734	$4,009,595	$3,073,536	$-670,861

SECURED FINANCE NETWORK INC