Secure Benefit Services INC
Manages finances and pays bills for indigent or incapacitated Social Security recipients. For fiscal year 2025 it reported $580K in revenue, $579K in expenses, and $42K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Public & Societal Benefit
- Location
- Saint Petersburg, FL
- Filings
- 6 on file (2020–2025)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Provided bill paying and cash management services to individuals on social security who are indigent and/or incapacitated.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Higbee’s $114K as President/Secretary is at the 82nd percentile of top reported officer pay among 1033 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael Higbee | $114,400 | $114,400 | $110,000 | $125,800 | $140,000 | $130,900 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 50% | — | — |
| Overhead ratio | 50% | — | — |
| Revenue growth | 3% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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