SECURED FINANCE NETWORK (SFNET) PHILADELPHIA (EIN 331109812) - 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

2004

Legal Domicile

Principal Officer

CAROLINE GORMAN

Phone

8562347399

Tax Period

2025-01-01 to 2025-12-31

SECURED FINANCE NETWORK (SFNET) PHILADELPHIA, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $70K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 33% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED TO PROMOTE THE INTERESTS OF ITS MEMBERS, INCLUDING SUCH THINGS AS: EDUCATION OF INDUSTRY MEMBERS AND FRIENDS OF THE ASSOCIATES NETWORKING OPPORTUNITIES WITH OTHER MEMBERS CAREER ADVANCEMENT OPPORTUNITIES PROMOTING THE ASSET BASED LENDING INDUSTRY THROUGH ITS CHAPTER MEMBERS

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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 $27,415

Program Service Revenue $42,755

Investment Income $3

Other Revenue $0

TOTAL REVENUE $70,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,363

Other Expenses $46,734

TOTAL EXPENSES $46,734

Year-over-Year Comparison

	2025	2024	Change
Revenue	$70,173	$53,103	+0.3%
Expenses	$46,734	$38,923	+0.2%
Net Income	$23,439	$14,180	+0.7%

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

N/A

Employees

N/A

Volunteers

N/A

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
JENNIFER AVRIGIAN	TREASURER	N/A	Officer	$0	$0	$0
LIAM BRICKLEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
JIM CRUMLISH	PRESIDENT EL	N/A	Officer	$0	$0	$0
STEVE FAHRINGER	VICE PRESIDE	N/A	Officer	$0	$0	$0
CAROLINE GORMAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
MICHAEL GRAZIANO	VICE PRESIDE	N/A	Officer	$0	$0	$0
JOE IANNUCCILLI	CHAIRMAN	N/A	Officer	$0	$0	$0
MIKE JACOBY	PRESIDENT	N/A	Officer	$0	$0	$0
DJ KRYSTOPA	VICE PRESIDE	N/A	Officer	$0	$0	$0
BRANDON SCHMOYER	VICE PRESIDE	N/A	Officer	$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	$70,173	$46,734	$163,497	$23,439
2024	No data	No data	No data	No data
2023	$54,204	$56,199	$87,618	$-1,995
2022	$57,382	$50,703	$89,613	$6,679
2021	$54,727	$46,557	$81,434	$8,170

SECURED FINANCE NETWORK (SFNET) PHILADELPHIA