Civic Intelligence

Concerned Actuaries Group Inc.

990EZ • Fiscal year 2022 • EIN 82-2595741

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 27, 2023

2919 W Country Club DriveMequon, WI 53092

(262) 573-4651

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

21st percentile

-17%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

26th percentile

-15%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-44%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$52,318

Down $9,495 (-15%) from 2021

Net Assets

Down

$51,068

Down $10,745 (-17%) from 2021

Liabilities

Up

$1,250

Up $1,250 from 2021

Revenue

Down

$64,500

Down $49,950 (-44%) from 2021

Expenses

Up

$75,245

Up $4,314 (+6.1%) from 2021

Net Income

Down

-$10,745

Down $54,264 (-125%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $12,032Liabilities 2017: $02017Assets 2018: $14,115Liabilities 2018: $23,9012018Assets 2019: $19,517Liabilities 2019: $5,0002019Assets 2020: $18,294Liabilities 2020: $02020Assets 2021: $61,813Liabilities 2021: $0Net Assets 2021: $61,8132021Assets 2022: $52,318Liabilities 2022: $1,250Net Assets 2022: $51,0682022Assets 2023: $52,412Liabilities 2023: $1,531Net Assets 2023: $50,8812023Assets 2024: $76,629Liabilities 2024: $1,531Net Assets 2024: $75,0982024

Highlighted filing

2022

Assets$52,318
Liabilities$1,250
Net Assets$51,068

Operations Trend

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

$200K$100K$0-$100KRevenue 2017: $105,500Expenses 2017: $93,468Net Income 2017: $12,0322017Revenue 2018: $158,500Expenses 2018: $180,316Net Income 2018: -$21,8162018Revenue 2019: $93,000Expenses 2019: $63,698Net Income 2019: $29,3022019Revenue 2020: $75,500Expenses 2020: $71,723Net Income 2020: $3,7772020Revenue 2021: $114,450Expenses 2021: $70,931Net Income 2021: $43,5192021Revenue 2022: $64,500Expenses 2022: $75,245Net Income 2022: -$10,7452022Revenue 2023: $83,000Expenses 2023: $83,187Net Income 2023: -$1872023Revenue 2024: $139,290Expenses 2024: $115,073Net Income 2024: $24,2172024

Highlighted filing

2022

Revenue$64,500
Expenses$75,245
Net Income-$10,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 27, 2023
Return Version
2022v5.0
Gross Receipts
$64,500
Mission and Program Overview

Mission

The primary exempt purpose of CAG is to provide the public, policy makers and others with full, accurate and easily understood analyses of the realities affecting the sustainability of our nation's public finance and social insurance programs.

Program Services

DescriptionGrantsExpenses
Public Outreach: CAG has produced videos and white papers on healthcare financing and delivery challenges. These have been shared with the general public via the CAG website. These materials are intended to benefit actuaries, health care providers, regulators and the general public. In 2022, the website was redesigned and relaunched, with the goal of being more accessible by and useful to CAG's public constituencies.$0$41,941
Financial and actuarial modeling: CAG continued the further development in 2022 of a complex healthcare model for testing healthcare programs and proposals. The model is being developed under continuous review by actuaries and other healthcare professionals. This effort should benefit those tasked with developing, managing and overseeing the nation's healthcare programs and ultimately all participants in these programs.$0$16,325
Cooperation with other organizations with related interests: During 2022 CAG engaged in numerous (virtual) meetings and conversations with individuals and organizations sharing common interests with CAG. The goals of these efforts include exploring ways we can work together with these organizations in furtherance of our mutual objectives, improving our own in-depth understanding of the issues involved in order to improve our work in the areas noted above, seeking critiques of our work products in order to improve them, and to impart knowledge to these individuals and organizations that can in turn benefit them and their constituencies.$0$13,268
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark LitowPresident And DirectorPT$0--
Ronald ColbySecretary, Treasurer And DirectorPT$0--
Robert CollettDirector-$0--
Fred KilbourneDirector (Until November, 2022)-$0--
Gayle BrekkeDirectorPT$0--
Tim BartholowVice President And Director-$0--
Stuart AldenDirector (Until November, 2022)-$0--
Scott LitowDirector-$0--
Filing and Contact Details

Filer

Filer Name
Concerned Actuaries Group Inc
EIN
82-2595741
Phone
2625734651
Address
2919 W Country Club Drive, Mequon, WI 53092

Signing Officer

Name
Ronald Colby
Title
Secretary Treasurer
Phone
7634585957
Signed
2023-04-27
Discuss with paid preparer
Yes

Preparer

Firm
Clark Nuber PS
Address
10900 4th Street NE Suite 1400, Bellevue, WA 98019
Preparer
Jennifer Becker Harris
Phone
4257096664
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

$1,670 for D&O Insurance Policy; $384 for web-hosting.

Form 990-EZ, Part II, Line 24

Prepaid.

Form 990-EZ, Part II, Line 26

Accrued expenses.

Form 990-EZ, Part V, Line 34

The organization's Bylaws were amended to specify certain governance matters, including: strengthening the requirement to elect or re-elect Officers and Directors to require the affirmative vote of a majority of the Directors then in office; requiring at least 50% of the Directors to be active or retired members of a major actuarial professional organization; requiring the President to be an active or retired member of a major actuarial professional organization; prohibiting the President from concurrently serving as Secretary, Treasurer or Vice President of the organization; specifying that the President and Vice President shall be voting members of the Board of Directors; establishing the honorary designation of Director Emeritus to honor retired Directors who have served the organization with distinction. Directors Emeriti do not have the rights powers or privileges of Directors and have no vote on matters before the board.

Raw XML Appendix224 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/PrimaryExemptPurposeTxt0The primary exempt purpose of CAG is to provide the public, policy makers and others with full, accurate and easily understood analyses of the realities affecting the sustainability of our nation's public finance and social insurance programs.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Public Outreach: CAG has produced videos and white papers on healthcare financing and delivery challenges. These have been shared with the general public via the CAG website. These materials are intended to benefit actuaries, health care providers, regulators and the general public. In 2022, the website was redesigned and relaunched, with the goal of being more accessible by and useful to CAG's public constituencies.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Financial and actuarial modeling: CAG continued the further development in 2022 of a complex healthcare model for testing healthcare programs and proposals. The model is being developed under continuous review by actuaries and other healthcare professionals. This effort should benefit those tasked with developing, managing and overseeing the nation's healthcare programs and ultimately all participants in these programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Cooperation with other organizations with related interests: During 2022 CAG engaged in numerous (virtual) meetings and conversations with individuals and organizations sharing common interests with CAG. The goals of these efforts include exploring ways we can work together with these organizations in furtherance of our mutual objectives, improving our own in-depth understanding of the issues involved in order to improve our work in the areas noted above, seeking critiques of our work products in order to improve them, and to impart knowledge to these individuals and organizations that can in turn benefit them and their constituencies.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0The organization's public support percentage for the five-year period ending 12/31/2022 is 17.89%. This represents a slightly increased percentage over that of the five-year period ending 12/31/2021 and is more than the 10% minimum amount of public support required in Regulation 1.170A-9(f)(3)(i). In the past 24 months, the organization has undertaken a number of new initiatives to attract public support from a variety of public sources. These include: producing and posting to our website a series of videos, designed to engage the public, in which panels of experts discuss the problems and issues with American healthcare and what can be done to improve the decision-making that so directly affects our health care, our financing and our well-being; hosting a series of live webinars inviting members of the general public to engage in conversations centered around these aforementioned videos and the issues and opportunities identified therein; forming new committees of the Board to focus specifically on certain areas we believe may be of particular interest to important subsets of the general public, including a Rural Committee focused on promoting further insight into the implications of health policy on rural constituencies and stakeholders, a Mindset Committee considering the changes that could result from bottom-up shifts in the mindset regarding healthcare, health insurance and subsidies and a Social Insurance and Public Financing Committee seeking to provide further illumination and understanding of the facts affecting the nation's social insurance and public finance programs. Every one of these aforementioned initiatives is specifically intended to be of interest to and deepen our engagement with certain subsets of the general public with the intent of translating the increased engagement and interest into additional contributors to our various initiatives. Additionally, our website was completely redesigned and relaunched in 2022 with the intent of making it more accessible and interesting to the general public, further encouraging additional engagement and ultimately additional contributions. As we gain experience and have success with these new initiatives, we expect the organization will continue to build a broad range of funding sources, increasing its percentage of public support. We do not anticipate that public support will fall below current levels. We have added new donors to the organization in each of the last three years, and our objective is to continue to identify additional donors in the future. The Board of Directors is comprised of active and retired professionals with deep knowledge about, and a personal interest in, providing both the public as well as policymakers with easily understood analysis of the issues affecting the sustainability of our nation's public finances and social insurance programs. The Board consists of three retired actuaries, an actuary pursuing her PHD in health policy and management, an actively employed actuary with particular experience and expertise in the area of pharmacy benefits and an MD whose recent professional focus has been in the area of rural health care policy. The Board relies on this depth and breadth of experience to inform the analysis of issues of particular importance and interest to the public and the policymakers that represent them. Our objective is to continue to broaden the collective breadth of experience and expertise of the Board by adding, as we are able to do so, professionals with experience in pensions, public pensions, accounting, economics and medicine. The organization is not a membership organization and does not collect dues.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0$1,670 for D&O Insurance Policy; $384 for web-hosting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prepaid.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accrued expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's Bylaws were amended to specify certain governance matters, including: strengthening the requirement to elect or re-elect Officers and Directors to require the affirmative vote of a majority of the Directors then in office; requiring at least 50% of the Directors to be active or retired members of a major actuarial professional organization; requiring the President to be an active or retired member of a major actuarial professional organization; prohibiting the President from concurrently serving as Secretary, Treasurer or Vice President of the organization; specifying that the President and Vice President shall be voting members of the Board of Directors; establishing the honorary designation of Director Emeritus to honor retired Directors who have served the organization with distinction. Directors Emeriti do not have the rights powers or privileges of Directors and have no vote on matters before the board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part V, Line 34
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer Becker Harris
ReturnHeader/ReturnTs02023-05-01T21:01:54-07:00
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ReturnHeader/TaxPeriodEndDt02022-12-31
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