Civic Intelligence

Noracs

990EZ • Fiscal year 2023 • EIN 22-3048789

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 23, 2024

Organization Profilewww.globacs.org
57 Westcedar LanePalm Coast, FL 32164

(412) 523-3627

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

27th percentile

-11%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

75th percentile

$6,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 26.7% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

-0.1%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$20,449

Flat from 2023

Net Assets

$20,449

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin27th percentile

Revenue

Flat

$22,460

Flat from 2023

Expenses

Flat

$24,936

Flat from 2023

Net Income

Flat

-$2,476

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2019: $4,921Liabilities 2019: $02019Assets 2020: $21,198Liabilities 2020: $02020Assets 2021: $12,258Liabilities 2021: $02021Assets 2022: $22,925Net Assets 2022: $22,9252022Assets 2023: $20,449Net Assets 2023: $20,4492023Assets 2023: $20,449Liabilities 2023: $02023Assets 2024: $24,557Net Assets 2024: $24,5572024

Highlighted filing

2023

Assets$20,449
Liabilities-
Net Assets$20,449
Open 2023 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30K$20K$10K$0-$10KRevenue 2019: $20,010Expenses 2019: $25,175Net Income 2019: -$5,1652019Revenue 2020: $22,510Expenses 2020: $6,233Net Income 2020: $16,2772020Revenue 2021: $0Expenses 2021: $8,940Net Income 2021: -$8,9402021Revenue 2022: $22,480Expenses 2022: $11,813Net Income 2022: $10,6672022Revenue 2023: $22,460Expenses 2023: $24,936Net Income 2023: -$2,4762023Revenue 2023: $22,460Expenses 2023: $24,936Net Income 2023: -$2,4762023Revenue 2024: $22,460Expenses 2024: $18,352Net Income 2024: $4,1082024

Highlighted filing

2023

Revenue$22,460
Expenses$24,936
Net Income-$2,476
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 23, 2024
Return Version
2023v5.0
Gross Receipts
$22,460
Mission and Program Overview

Mission

NORACSisanorganizationofsmallactuarialconsultingfirms.NORACSservesinaneducationalfunctionpublishingnewsletters,articlesandhostingmeetings,etc.

NORACS is an organization of small actuarial consulting firms. NORACS serves in an educational function publishing newsletters articles and hosting meetings etc.

Program Services

DescriptionGrantsExpenses
NORACS members meet twice a year to share best practices within our firms which are shared to assist each firm within the organization of ways to assist their employees and clients with new ideas and problems solving solutions.$0$0
Each firm in the organization writes articles on hot topics in the areas of retirement health and welfare benefits and insurance which are shared on our website and emailed to our clients.$0$0
Each firm shares information on each firms' marketing strategies which are shared to enhance all firms of the organzation with new ideas for marketing.We also share information on best practices for IT security.$0$0
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanne MichaudSecretaryPT$6,000-$6,000
Filing and Contact Details

Filer

Filer Name
Noracs
EIN
22-3048789
In Care Of
% Jeanne Michaud
Address
57 Westcedar Lane, Palm Coast, FL 32164

Signing Officer

Name
Jeanne Michaud
Title
NORACS Secretary
Signed
2024-04-23
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Conference Expenses Meetings take palce twice per year, $18463|”

Raw XML Appendix101 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Jeanne MIchaud
IRS990EZ/BooksInCareOfDetail/PhoneNum04125233627
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt057 Westcedar Lane
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Palm Coast
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd032164
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt022925
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020449
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2476
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0473
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt022925
IRS990EZ/Form990TotalAssetsGrp/EOYAmt020449
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt022460
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt022460
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt022925
IRS990EZ/NetAssetsOrFundBalancesEOYAmt020449
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt022925
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt020449
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt06000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeanne Michaud
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt018463
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0NORACS is an organization of small actuarial consulting firms. NORACS serves in an educational function publishing newsletters articles and hosting meetings etc.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NORACS members meet twice a year to share best practices within our firms which are shared to assist each firm within the organization of ways to assist their employees and clients with new ideas and problems solving solutions.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Each firm in the organization writes articles on hot topics in the areas of retirement health and welfare benefits and insurance which are shared on our website and emailed to our clients.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Each firm shares information on each firms' marketing strategies which are shared to enhance all firms of the organzation with new ideas for marketing.We also share information on best practices for IT security.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt06000
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt024936
IRS990EZ/TotalRevenueAmt022460
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0www.globacs.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Conference Expenses Meetings take palce twice per year, $18463|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeanne Michaud
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0NORACS Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORACS
ReturnHeader/Filer/BusinessNameControlTxt0NORA
ReturnHeader/Filer/EIN0223048789
ReturnHeader/Filer/ForeignPhoneNum04125233627
ReturnHeader/Filer/InCareOfNm0% Jeanne Michaud
ReturnHeader/Filer/USAddress/AddressLine1Txt057 Westcedar Lane
ReturnHeader/Filer/USAddress/CityNm0Palm Coast
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032164
ReturnHeader/ReturnTs02024-04-23T06:18:28-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,449
Liabilities
-
Net assets
$20,449
Revenue
$22,460
Expenses
$24,936
Net income
-$2,476
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.6$24.6$22.5$18.4$4.11
2023Detailed filing. Detailed filing data is available for this year.$20.4$20.4$22.5$24.9$2.48
2023Summary only. Only limited summary data is available for this year.$20.4$0.00$22.5$24.9$2.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$22.9$22.5$11.8$10.7
2021Summary only. Only limited summary data is available for this year.$12.3$0.00$0.00$8.94$8.94
2020Summary only. Only limited summary data is available for this year.$21.2$0.00$22.5$6.23$16.3
2019Summary only. Only limited summary data is available for this year.$4.92$0.00$20.0$25.2$5.17