NATIONAL COUNCIL OF CORVETTE CLUBS… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

LINDA FAIRLAMB

Phone

3125130142

Tax Period

2024-01-01 to 2024-12-31

NATIONAL COUNCIL OF CORVETTE CLUBS INC, founded in 1959, is a small nonprofit that reported $429K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $503K exceeded revenue, resulting in a 17% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $112,157 Revenue: $359,467

To develp, promote and maintain inner club activities and interest exclusively contered around Corvette automobile ownership and operation for 17,758 memberfs and to further establish an organized...

To develp, promote and maintain inner club activities and interest exclusively contered around Corvette automobile ownership and operation for 17,758 memberfs and to further establish an organized effort to encourage others to participate in the ownership and enjoyment connected with the use of outomobile, as well as to publish a quartely magazine for those members.

Program 2

Expenses: $17,000 Revenue: $13,563

To help defray the cost of high education for qualified members and their children, and to donate to other charitable organization.

Program 3

Expenses: $52,136 Revenue: $55,254

Advertising, Convention and miscelleaneous activities.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $387,101

Program Service Revenue $41,183

Investment Income $785

Other Revenue $0

TOTAL REVENUE $429,069

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,293

Other Expenses $486,327

TOTAL EXPENSES $503,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,069	$465,829	-0.1%
Expenses	$503,327	$502,866	+0.0%
Net Income	$-74,258	$-37,037	+1.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

235

Independent Members

235

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENE GARDENAS	V.P OF COMPETITION	001.00	Officer Director	$0	$0	$0
LINDA FAIRLAMB	TREASURER	002.00	Officer Director	$0	$0	$0
DEB MURPHY	PRESIDENT	001.00	Officer Director	$0	$0	$0
STEPHEN JOHNSON	VP OF MEMBERSHIP	001.00	Officer	$0	$0	$0
CRAIG KAMRADT	DIR PUBLIC RELATION	001.00	Officer	$0	$0	$0
DENNY LUTHER	PARLIAMENTARIAN	001.00	Officer	$0	$0	$0
TOM WEST	SERGEANT AT ARMS	001.00	Officer	$0	$0	$0
ALLEN MORRIS	BUSINESS MANAGER	001.00	Officer	$0	$0	$0
ELLEN SCHWARTZ	SECRETARY	001.00	Officer	$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
2025	No data	No data	No data	No data
2024	$429,069	$503,327	$933,198	$-74,258
2023	$465,829	$502,866	$944,769	$-37,037
2022	$449,901	$515,796	$1,055,921	$-65,895
2021	$416,692	$312,061	$1,121,337	$104,631
2020	$377,324	$259,690	$1,016,133	$117,634
2019	$426,450	$389,960	$855,484	$36,490
2018	$435,474	$387,715	$841,007	$47,759

NATIONAL COUNCIL OF CORVETTE CLUBS INC