SECURED FINANCE NETWORK MIDWEST

EIN: 201500060 Community Improvement

MOKENA, IL

Total Revenue
$173,901
Total Expenses
$60,343
Total Assets
$641,392
Net Assets
$460,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IL
Principal Officer
SAMANTHA LUCKMAN
Phone
8154692935
Tax Period
2024-01-01 to 2024-12-31

SECURED FINANCE NETWORK MIDWEST, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 65% operating margin.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $202,265
Program Service Revenue $0
Investment Income $9,661
Other Revenue $-38,025
TOTAL REVENUE $173,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,069
Fundraising Expenses $0
Program Expenses $32,726
Other Expenses $41,274
TOTAL EXPENSES $60,343

Year-over-Year Comparison

2024 2023 Change
Revenue $173,901 $148,366 +0.2%
Expenses $60,343 $54,681 +0.1%
Net Income $113,558 $93,685 +0.2%
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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON HOEFLER PRESIDENT 3.00
Officer Director
$0 $0 $0
SABRINA SINGH FIRST VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ANDREW BENNETT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIDGET ANDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
SAMANTHA LUCKMAN TREASURER 2.00
Officer Director
$0 $0 $0
SANDEEP GUPTA DIRECTOR 0.50
Director
$0 $0 $0
JACQUELINE HELMRICK CARLSON DIRECTOR 0.50
Director
$0 $0 $0
JAMES LOW DIRECTOR 0.50
Director
$0 $0 $0
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 $173,901 $60,343 $641,392 $113,558
2023 $148,366 $54,681 $506,204 $93,685
2022 $93,142 $51,685 $463,634 $41,457
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