# GRIFFIN FINANCIAL GROUP, LLC X-17A-5 (2021-03-01) — Broker-dealer annual report - Company: GRIFFIN FINANCIAL GROUP, LLC - Form: X-17A-5 - Filed: 2021-03-01 - Period: 2020-12-31 - Accession: 0001617776-21-000003 - CIK: 1146330 - File #: 8-53711 - Material weakness: No - Auditor: Tomasi & Company - Auditor location: Wyomissing, PA - Contact: John Durofchalk - Phone: 6104782134 - Signed by: John Durofchalk (CFO/FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1146330/000161777621000003/2020publica.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 #### OMB APPROVAL OMB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response. 12.00 SEC FILE NUMBER 8-53711 ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING01 /01/2020 | | AND ENDING12/31/2020 | | | |-------------------------------------------------------------------------------------------|---------------------------------------------------------------------|----------------------|------------------------------|--| | | MM/DUTYY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: GRIFFIN FINANCIAL GROUP LLC | | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. | | | 607 WASHINGTON STREET | | | | | | | (No. and Street) | | | | | READING | PA | | 19601 | | | (City) | (State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Joh Durofchalk | | | 610-478-2134 | | | | | | (Area Code Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | Tomasi & Company | | | | | | | (Name -. if individual, state last, first, middle name) | | | | | 1350 Broadcasting Road | Wyomissing | PA | 19601 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | Certified Public Accountant | | | | | | Public Accountant | | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | | | | \*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement offacts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2) > Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1410 (11-05) {1}------------------------------------------------ ### OATH OR AFFIRMATION #### T, JOHN IJUROFCHALK , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of GRIFFIN FINANCIAL GROUP LLC , as of December 31 , 20 20 are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows: Signature CFO/FINOP Title l iwt. a t Notary Public This report \*\* contains (check all applicable boxes): 0 (a) Facing Page. D (b) Statement of Financial Condition. El (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement of Comprehensive Income (as defined in §210.1-02 of Regulation S-X). El (d) Statement of Changes in Financial Condition. (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. Ei (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. (g) Computation of Net Capital. (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. Li (j) A Reconciliation, including appropriate explanation of the Computation ofNet Capital Under Rule 15c3-1 and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. p (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. (1) An Oath or Affirmation. (m) A copy of the SIPC Supplemental Report. (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL DAREN B. DeANT0NI0, Notary Public City of Reading, Berks County My Commission Expires July 13, 2021 \*\*For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3). {2}------------------------------------------------ # GRIFFIN FINANCIAL GROUP, LLC ## STATEMENT OF FINANCIAL CONDITION | | December 31, 2020 | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------| | ASSETS | | | Cash
Deposit with clearing organization
Receivable from clients
Prepaid expenses
Equipment, at cost, less accumulated depreciation of \$126,871
Other assets | \$ 1,107,355
113,132
208,082
417,318
19,883
1,400 | | TOTAL ASSETS | \$ 1,867,170 | | LIABILITIES AND MEMBER'S EQUITY | | | LIABILITIES | | | Accounts payable
Payable to broker-dealer and clearing organization
Payable to related party
Deferred compensation liability
Payroll Protection Program loan | 4,221
\$
5,528
382,780
85,924
717,547 | | TOTAL LIABILITIES | 1,196,000 | | MEMBER'S EQUITY | 671,170 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$ 1,867,170 | The Accompanying Notes Are An Integral Part of These Financial Statements 3 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.