2019 Yearly Report
The federal, state, and local governments that comprise the United States government together create the largest financial entity in the world, yet it can be challenging to determine its performance. While each U.S. publicly-traded company is legally required by the Securities and Exchange Commission (SEC) to submit an annual Form 10-K providing a comprehensive summary of performance, risk factors, and controls to address those risks, the same in-depth analysis of our government is not mandated.
We believe U.S. stakeholders should benefit from the same level of rigor. Welcome to the third edition of the USAFacts United States Governments 10-K.
About This Report
Item 1. Purpose and Function of Our Government
Item 1A. Risk Factors
Item 2. Properties
Item 3. Legal Proceedings
Item 6. Selected Financial Data
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
8. Financial Statements and Supplementary Data
Notes to Financial Statements
Item 9A. Controls and Procedures
Item 10. Executive Officers and Governance
Item 11. Executive Officer Compensation
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 15. Exhibits
In preparing the report, we’ve pulled millions of data points from hundreds of government sources to provide you with an in-depth analysis of our nation and changes over time. You will find data around topics such as financial statements, risk assessments, health care, education, jobs, wages, taxes, and more. To help ensure accuracy, we procured independent external verification that the figures in this 10-K report were transferred correctly from our database (or other base sources).
We have also provided XBRL for a portion of our document to participate in the conversation about availability of timely, machine-readable government data. We have used a combination of US-GAAP tags and extensions, including some based on the CAFR demonstration taxonomy. These choices reflect the diversity of government data sources and their accounting bases and the current availability of taxonomies.