Companies at this level ended the following year delisted, bankrupt, restated or silent 13.1% of the time, against 4.0% for companies with a clean record.
Hover or tap a dot to see the filings behind that score.
Shepherd’s Finance, LLC (the “ Company ”) has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “ Form 10-K ”) by the prescribed due date because the Company is in the process of preparing the financial statements for the year ended December 31, 2025 and will need additional time to complete such financial statements and the associated review process. The Company anticipates that it will file its Form 10-K within the fifteen-day extension period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended
NT 10-K, filed 2026-03-31 · accounts not ready
2026-08-12auditor changed or resigned SEC →
Shepherd’s Finance, LLC (the “ Company ”) has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “ Form 10-K ”) by the prescribed due date because the Company is in the process of preparing the financial statements for the year ended December 31, 2025 and will need additional time to complete such financial statements and the associated review process. The Company anticipates that it will file its Form 10-K within the fifteen-day extension period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended
2025-11-05auditor changed or resigned SEC →
2023-01-26auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice