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CIK 1524223

MANNING & NAPIER, INC.
CIK 0001524223 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
55.9
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2021-12-31 ยท ELEVATED74.9

Tax arbitrage

ETR 18.2% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2021-12-31": 0.1822,
    "2020-12-31": -0.0077,
    "2019-12-31": 0.0435
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2021-12-31": 0.0278,
    "2020-12-31": 0.2177,
    "2019-12-31": 0.1665
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1524223/000152422322000014/0001524223-22-000014-index.htm",
    "form": "10-K",
    "filed": "2022-03-15"
  }
}
P-01 ยท FY 2021-12-31 ยท CLEAN25.5

Earnings quality

Beneish M-Score -2.61 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.606,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.014,
    "GMI": 0.986,
    "AQI": 0.828,
    "SGI": 1.146,
    "DEPI": 0.626,
    "SGAI": 1,
    "LVGI": 0.937,
    "TATA": -0.036
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.038,
  "inputs": {
    "revenue_t": 145581000,
    "revenue_t1": 127034000,
    "total_assets_t": 171423000,
    "net_income_t": 25105000,
    "cfo_t": 31327000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1524223/000152422322000014/0001524223-22-000014-index.htm",
    "form": "10-K",
    "filed": "2022-03-15"
  }
}
P-12 ยท FY 2021-12-31 ยท CLEAN9.6

Restatement predictor

F-Score 0.29 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.289,
  "probability": 0.00107,
  "components": {
    "rsst": -0.038,
    "drec": 0.0118,
    "dinv": null,
    "soft": 0.559,
    "dcs": 0.1308,
    "droa": 0.0824,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1524223/000152422322000014/0001524223-22-000014-index.htm",
    "form": "10-K",
    "filed": "2022-03-15"
  }
}
P-13 ยท FY 2021-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 1414.17x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2021-12-31": 1414.174,
    "2020-12-31": 1255.636,
    "2019-12-31": 104.154,
    "2018-12-31": 477.184
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 5.393,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 32526000,
    "interest_expense_t": 23000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1524223/000152422322000014/0001524223-22-000014-index.htm",
    "form": "10-K",
    "filed": "2022-03-15"
  }
}