Normi Inc
Normi Inc. consistently spends more than it earns, accumulating significant liabilities.
EIN: 205132383 · Abita Springs, LA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $329K |
| Total Expenses | $345K |
| Program Spending | 80% |
| Net Assets | $-83,487 |
| Transparency Score | 70/100 |
Is Normi Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Normi Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Normi Inc
Normi Inc (EIN: 205132383) is a nonprofit organization based in Abita Springs, LA, classified under NTEE code S41. The organization reported total revenue of $329K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Normi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Normi Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $345K |
| Surplus / Deficit | $-5,172 |
| Total Assets | $56K |
| Total Liabilities | $140K |
| Net Assets | $-83,487 |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 248.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Normi Inc reported a deficit of $5K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 248.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Normi Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +2.9% | -8.4% |
| 2022 | -19.6% | -15.4% | -36.0% |
| 2021 | +6.6% | -2.8% | -11.2% |
| 2020 | +3.7% | +5.7% | +1107.3% |
| 2019 | +20.5% | +41.5% | -81.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Normi Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Normi Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 248.0%.
Executive Compensation Analysis
Normi Inc. reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for minimizing administrative costs and maximizing funds for programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Normi Inc's IRS 990 filings:
- Consistent deficit spending: Expenses frequently exceed revenue (e.g., 2023, 2022, 2021, 2020 filings).
- High liabilities relative to assets: Liabilities of $139,900 in 2023 significantly outweigh assets of $56,413.
- Fluctuating asset base: Assets have varied considerably over the years, indicating potential instability in financial reserves.
Strengths
The following positive indicators were identified for Normi Inc:
- Zero officer compensation: No compensation reported for officers across all filings, indicating efficient use of funds in this area.
- Consistent revenue generation: Maintained revenue above $300,000 in recent years, demonstrating a stable funding base.
- Long filing history: 13 years of IRS 990 filings provide a comprehensive view of financial trends and commitment to transparency.
Frequently Asked Questions about Normi Inc
Is Normi Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Normi Inc (EIN: 205132383) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Normi Inc spend its money?
Normi Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Normi Inc tax-deductible?
Normi Inc is registered as a tax-exempt nonprofit (EIN: 205132383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Normi Inc's spending goes to programs?
Normi Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Normi Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Normi Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Normi Inc located?
Normi Inc is headquartered in Abita Springs, Louisiana and files with the IRS under EIN 205132383. It is classified under NTEE code S41.
How many years of IRS 990 filings does Normi Inc have?
Normi Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $329K in total revenue.
How does Normi Inc. plan to address its recurring deficit spending?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $345,294 expenses vs. $340,122 revenue in 2023), which could lead to long-term financial instability if not managed.
What is the nature of Normi Inc.'s significant liabilities?
Liabilities have grown substantially, reaching $139,900 in 2022 and 2023, significantly exceeding the organization's assets ($56,413 in 2023). Understanding the composition of these liabilities (e.g., program-related debt, operational loans) is crucial for assessing financial risk.
What is the organization's strategy for asset growth and liquidity?
While assets have increased from a low in 2019, they remain relatively modest ($56,413 in 2023) compared to liabilities, suggesting potential liquidity challenges.
Filing History
IRS 990 filing history for Normi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Normi Inc's revenue has grown by 158.7%, moving from $131K to $340K. Total assets increased by 67.5% over the same period, from $34K to $56K. Total functional expenses rose by 169.3%, from $128K to $345K. In its most recent filing year (2023), Normi Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $140K in liabilities against $56K in assets (debt-to-asset ratio: 248.0%), resulting in net assets of $-83,487.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $340K | $345K | $56K | $140K | — | — |
| 2022 | $309K | $336K | $62K | $140K | — | — |
| 2021 | $384K | $396K | $96K | $147K | — | View 990 |
| 2020 | $360K | $408K | $108K | $147K | — | — |
| 2019 | $347K | $386K | $9K | $0 | — | View 990 |
| 2018 | $288K | $273K | $50K | $2K | — | View 990 |
| 2017 | $197K | $175K | $32K | $0 | — | View 990 |
| 2016 | $147K | $143K | $9K | $0 | — | View 990 |
| 2015 | $132K | $172K | $4K | $0 | — | View 990 |
| 2014 | $92K | $87K | $45K | $500 | — | View 990 |
| 2013 | $63K | $64K | $40K | $500 | — | View 990 |
| 2012 | $78K | $72K | $40K | $0 | — | View 990 |
| 2011 | $131K | $128K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $340K, expenses of $345K, and assets of $56K (revenue +10.2% year-over-year).
- 2022: Revenue of $309K, expenses of $336K, and assets of $62K (revenue -19.6% year-over-year).
- 2021: Revenue of $384K, expenses of $396K, and assets of $96K (revenue +6.6% year-over-year).
- 2020: Revenue of $360K, expenses of $408K, and assets of $108K (revenue +3.7% year-over-year).
- 2019: Revenue of $347K, expenses of $386K, and assets of $9K (revenue +20.5% year-over-year).
- 2018: Revenue of $288K, expenses of $273K, and assets of $50K (revenue +46.0% year-over-year).
- 2017: Revenue of $197K, expenses of $175K, and assets of $32K (revenue +34.0% year-over-year).
- 2016: Revenue of $147K, expenses of $143K, and assets of $9K (revenue +12.0% year-over-year).
- 2015: Revenue of $132K, expenses of $172K, and assets of $4K (revenue +43.4% year-over-year).
- 2014: Revenue of $92K, expenses of $87K, and assets of $45K (revenue +45.9% year-over-year).
- 2013: Revenue of $63K, expenses of $64K, and assets of $40K (revenue -19.3% year-over-year).
- 2012: Revenue of $78K, expenses of $72K, and assets of $40K (revenue -40.7% year-over-year).
- 2011: Revenue of $131K, expenses of $128K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Normi Inc:
Data Sources and Methodology
This transparency report for Normi Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.