Nacm North Central EIN 80-0802201 Form 990 (PDF) Claim this org

Nacm North Central FY2024 filing

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Empowers business credit professionals to make smarter company decisions. For fiscal year 2024 it reported $461K in revenue, $412K in expenses, and $694K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
St Louis Park, MN
Website
www.nacmnc.org
Filings
5 on file (2021–2024)
Revenue
$461KFY2024
Expenses
$412K
Net assets
$694K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0802201 Business league / trade association St Louis Park, MN
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers business credit professionals to make smarter company decisions.
Leadership
Craig Pluff · Chair
Money in and out
$461K revenue, $412K expenses
Bottom line
+11% operating surplus
Membership & operating revenue · FY2024
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$694K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $49K
Operating surplus
+11%
revenue over expenses
Earned revenue
89%
of revenue from program services & dues

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$461K
FY2024▲ +5%
Expenses
$412K
FY2024▼ -0.8%
Total assets
$955K
FY2024▼ -9%
Total liabilities
$261K
FY2024▼ -4%
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$694K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$49K
Total assetsPt X · Ln 16$955K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNacm North Central
EINHdr · item D80-0802201
Principal addressHdr · item CSt Louis Park, MN
WebsiteHdr · item Jwww.nacmnc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMar 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
First Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nacm North Central executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Seminars and Membership Meetings

Provide education and support services to association members related to commercial credit matters.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$409K · 89%
Investment income$38K · 8%
Other revenue$14K · 3%
Program service revenue89%$409K
Investment income8%$38K
Other revenue3%$14K
Total revenueLn 12$461K

Balance Sheet

Part X · end of year
CashLn 1$591K
Total assetsLn 16$955K
Total liabilitiesLn 26$261K
Total net assetsLn 32$694K
Months of cash on handcomputed17.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $364K · Operating expenses/yr $412K
10.6 months
Where the money goes
Program services
Program services — · Total expenses $412K
Management & General
Management & general — · Total expenses $412K
Fundraising
Fundraising — · Total expenses $412K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $461K
0%
Government reliance
Government grants — · Total revenue $461K
Earned-income share
Program service revenue $409K · Total revenue $461K
89%
Investment reliance
Investment income $38K · Total revenue $461K
+8%
Program self-sufficiency
Program service revenue $409K · Total expenses $412K
99%
Growth & trend
Revenue growth (YoY)
This year $461K · Prior year $440K
+5%
Net-asset trend (YoY)
End of year $694K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $461K · Expenses $412K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $955K
Net-asset ratio
Net assets $694K · Total assets $955K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $392K · Other securities (Pt X, ln 12) $-619K · Total assets (Pt X, ln 16) $955K
-24%
People & payroll
Highest Reported Total Compensation
Individual Craig Pluff · Reported title CHAIR · Highest reported compensation $0 · Total expenses $412K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $412K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 5%
Investment management fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$448K revenue · ⤓ 990 PDF
FY2024$461K revenue · viewing · ⤓ 990 PDF
FY2023$440K revenue · ⤓ 990 PDF
FY2022$439K revenue · ⤓ 990 PDF
FY2021$446K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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