Civic Intelligence

Group Benefits Trust

990 • Fiscal year 2023 • EIN 52-7142713

Dec 01, 2022 to Nov 30, 2023 • Filed on Mar 29, 2024

8221 Preston CourtJessup, MD 20794

(301) 776-5000

Siviq Scores

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

Liabilities / Assets

87th percentile

0.37x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.12x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$229,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-36%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$365,438

Down $206,592 (-36%) from 2022

Net Assets

Down

$229,272

Down $287,461 (-56%) from 2022

Liabilities

Up

$136,166

Up $80,869 (+146%) from 2022

Revenue

Down

$1,145,381

Down $133,696 (-10%) from 2022

Expenses

Down

$1,435,763

Down $148,717 (-9.4%) from 2022

Net Income

Up

-$290,382

Up $15,021 (+4.9%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $483,134Liabilities 2011: $0Net Assets 2011: $483,1342011Assets 2012: $794,522Liabilities 2012: $0Net Assets 2012: $794,5222012Assets 2013: $1,050,495Liabilities 2013: $0Net Assets 2013: $1,050,4952013Assets 2014: $1,557,132Liabilities 2014: $0Net Assets 2014: $1,557,1322014Assets 2015: $1,520,299Liabilities 2015: $0Net Assets 2015: $1,520,2992015Assets 2016: $1,616,041Liabilities 2016: $0Net Assets 2016: $1,616,0412016Assets 2017: $1,884,457Liabilities 2017: $0Net Assets 2017: $1,884,4572017Assets 2018: $2,165,192Liabilities 2018: $0Net Assets 2018: $2,165,1922018Assets 2019: $2,118,402Liabilities 2019: $0Net Assets 2019: $2,118,4022019Assets 2020: $1,552,891Liabilities 2020: $198,002Net Assets 2020: $1,354,8892020Assets 2021: $1,031,089Liabilities 2021: $112,208Net Assets 2021: $918,8812021Assets 2022: $572,030Liabilities 2022: $55,297Net Assets 2022: $516,7332022Assets 2023: $365,438Liabilities 2023: $136,166Net Assets 2023: $229,2722023Assets 2024: $412,383Liabilities 2024: $69,009Net Assets 2024: $343,3742024

Highlighted filing

2023

Assets$365,438
Liabilities$136,166
Net Assets$229,272

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,856,6022011Expenses 2012: $1,519,5002012Expenses 2013: $1,162,4802013Revenue 2014: $1,538,928Expenses 2014: $1,032,291Net Income 2014: $506,6372014Revenue 2015: $1,634,723Expenses 2015: $1,671,556Net Income 2015: -$36,8332015Revenue 2016: $1,926,486Expenses 2016: $1,830,744Net Income 2016: $95,7422016Revenue 2017: $1,973,679Expenses 2017: $1,705,263Net Income 2017: $268,4162017Revenue 2018: $1,538,709Expenses 2018: $1,257,974Net Income 2018: $280,7352018Revenue 2019: $1,145,045Expenses 2019: $1,191,835Net Income 2019: -$46,7902019Revenue 2020: $1,095,386Expenses 2020: $2,077,774Net Income 2020: -$982,3882020Revenue 2021: $1,009,308Expenses 2021: $1,499,226Net Income 2021: -$489,9182021Revenue 2022: $1,279,077Expenses 2022: $1,584,480Net Income 2022: -$305,4032022Revenue 2023: $1,145,381Expenses 2023: $1,435,763Net Income 2023: -$290,3822023Revenue 2024: $1,273,242Expenses 2024: $1,159,140Net Income 2024: $114,1022024

Highlighted filing

2023

Revenue$1,145,381
Expenses$1,435,763
Net Income-$290,382
Jump To
Filing Snapshot
Filing Period
Dec 1, 2022 to Nov 30, 2023
Signed
Mar 29, 2024
Return Version
2022v5.0
Gross Receipts
$1,145,381
Mission and Program Overview

Mission

To provide health insurance and benefits to member employees

The organization provides health insurance and various other benefits to the employees of remington.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$261,591$344,385▲ $82,794
Rtn Earn Endowment Incm Other Fnds$516,733$229,272▼ $287,461
Savings and Temporary Cash Investments$310,439$21,053▼ $289,386
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$572,030$365,438▼ $206,592
Liabilities
Accounts Payable and Accrued Expenses$55,297$136,166▲ $80,869
Total Liabilities$55,297$136,166▲ $80,869
Net Assets / Fund Balance
Total Net Assets Fund Balance$516,733$229,272▼ $287,461
Total Liabilities and Net Assets / Fund Balance$572,030$365,438▼ $206,592
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal RuchmanChairman
Morgan SharlandCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,141,753
Investment Income
$3,628
Other Revenue
$0
Change in Net Assets
$-290,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,317,863
Fees for Services Accounting---$106,468
Office Expenses---$10,309
Fees for Services Other---$1,123
Total Functional Expenses$0$0$0$1,435,763
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to the plan trustee and sponsor for review prior to filing

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial information to the public upon request

Filing and Contact Details

Filer

Filer Name
Group Benefits Trust
EIN
52-7142713
Phone
3017765000
Address
8221 PRESTON COURT, JESSUP, MD 20794
Doing Business As
Remington Advertising Agency Inc

Signing Officer

Name
Neal Ruchman
Title
Trustee
Phone
3017765000
Signed
2024-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Ruchman
Formed
2000
Legal Domicile
Md
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Raw XML Appendix308 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.

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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 MONUMENT RD 5TH FLR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA CPA
ReturnHeader/ReturnTs02024-03-29T07:39:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NEAL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUCHMAN
ReturnHeader/TaxPeriodBeginDt02022-12-01
ReturnHeader/TaxPeriodEndDt02023-11-30
ReturnHeader/TaxYr02022

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.34$1.27$1.16$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.37$0.14$0.23$1.15$1.44$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.06$0.52$1.28$1.58$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.11$0.92$1.01$1.50$0.49
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.20$1.35$1.10$2.08$0.98
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$1.15$1.19$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$1.54$1.26$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$1.97$1.71$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$1.93$1.83$0.10
2015Summary only. Only limited summary data is available for this year.$1.52$0.00$1.52$1.63$1.67$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$1.54$1.03$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$1.86