SECURED FINANCE NETWORK MIDWEST

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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

1988

Legal Domicile

Principal Officer

ANDREW BENNETT

Phone

8154692935

Tax Period

2025-01-01 to 2025-12-31

SECURED FINANCE NETWORK MIDWEST, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $173K in total revenue in fiscal year 2025. The organization ran a surplus of $107K, a strong 62% 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.

Program Service Accomplishments

Program 1

Expenses: $35,496 Revenue: $50,230

ANNUAL CORPORATE SPONSORSHIPS TO THE MEMBERS OF THE ASSOCIATION AND THEIR NETWORKING MEETINGS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $205,730

Program Service Revenue $0

Investment Income $9,952

Other Revenue $-42,481

TOTAL REVENUE $173,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,381

Fundraising Expenses $0

Program Expenses $35,496

Other Expenses $48,809

TOTAL EXPENSES $66,190

Year-over-Year Comparison

	2025	2024	Change
Revenue	$173,201	$173,901	0.0%
Expenses	$66,190	$60,343	+0.1%
Net Income	$107,011	$113,558	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABRINA SINGH	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAMANTHA LUCKMAN	FIRST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JIM VESECKY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIDGET ANDERSON	SECRETARY & VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW BENNETT	TREASURER	2.00	Officer Director	$0	$0	$0
SANDEEP GUPTA	DIRECTOR	0.50	Director	$0	$0	$0
ERIC DORNER	DIRECTOR	0.50	Director	$0	$0	$0
JASON RILEY	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
2025	$173,201	$66,190	$760,738	$107,011
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