Carolina Dealerships Inc Welfare B… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

3367245921

Tax Period

2023-01-01 to 2023-12-31

Carolina Dealerships Inc Welfare Benef, founded in 2005, is a mid-sized nonprofit in the Mutual Benefit sector that reported $27.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $26.0M left a modest 7% surplus.

Mission

To provide health and disability benefits covering substantially all of the employees of the participating employers.

Program Service Accomplishments

Program 1

Expenses: $25,973,862 Revenue: $27,751,915

To provide health and disability benefits covering substantially all of the employees of the participating employers.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,751,915

Investment Income $38,266

Other Revenue $0

TOTAL REVENUE $27,790,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,973,862

Other Expenses $6,427,402

TOTAL EXPENSES $25,973,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,790,181	$23,004,589	+0.2%
Expenses	$25,973,862	$22,273,623	+0.2%
Net Income	$1,816,319	$730,966	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
N/A	Trustee	Director	$0	$0	$0
N/A	Trustee	Director	$0	$0	$0
N/A	Trustee	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$27,790,181	$25,973,862	$6,294,229	$1,816,319
2022	$23,004,589	$22,273,623	$4,477,910	$730,966
2021	$19,497,853	$20,235,507	$3,746,944	$-737,654
2020	$17,175,923	$16,946,647	$4,484,598	$229,276
2019	$15,615,953	$15,383,372	$4,278,899	$232,581
2018	$14,716,393	$13,801,269	$4,022,741	$915,124

Carolina Dealerships Inc Welfare Benef