CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC

EIN: 237305962

HARRISBURG, NC

Total Revenue
$878,523
Total Expenses
$1,306,071
Total Assets
$1,936,002
Net Assets
$1,813,221
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NC
Principal Officer
JOHN W BROWN
Phone
8004324232
Tax Period
2023-01-01 to 2023-12-31

CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC, founded in 1955, is a small nonprofit that reported $879K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROMOTE AND BENEFIT THE INDEPENDENT AUTOMOBILE DEALERS IN NORTH AND SOUTH CAROLINA.

Program Service Accomplishments

Program 1

PROVIDED THE EDUCATIONAL MATERIALS AND CONTINUING EDUCATION REQUIRED TO MEET CURRENT REQUIREMENTS AND OBTAIN NEW AND RENEWED STATE DEALER LICENSES TO INDEPENDENT AUTOMOBILE DEALERS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $775,399
Investment Income $3,626
Other Revenue $99,498
TOTAL REVENUE $878,523

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $401,688
Fundraising Expenses $0
Other Expenses $902,883
TOTAL EXPENSES $1,306,071

Year-over-Year Comparison

2023 2022 Change
Revenue $878,523 $1,172,754 -0.3%
Expenses $1,306,071 $1,211,138 +0.1%
Net Income $-427,548 $-38,384 +10.1%
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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
7
Volunteers
11

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
9
$284,932
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL THREADGILL CHAIRMAN SC 1.00
Officer Director
$0 $0 $0
JERRY PADRICK PRESIDENT NC 1.00
Officer Director
$0 $0 $0
DEAN CANTEY PRES ELECT S 1.00
Officer Director
$0 $0 $0
DALE MATTHEWS VP NORTH CAR 1.00
Officer Director
$0 $0 $0
WENDY PISOR VP SOUTH CAR 1.00
Officer Director
$0 $0 $0
FRANKIE BORDEAUX TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL YARBOROUGH SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN W BROWN EXECUTIVE DI 40.00
Officer
$192,412 $11,545 $203,957
DEBBIE BRASWELL CONTROLLER/C 40.00
Officer
$76,320 $4,655 $80,975
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 $878,523 $1,306,071 $1,936,002 $-427,548
2022 $1,172,754 $1,211,138 $1,968,138 $-38,384
2021 $921,702 $964,040 $1,860,134 $-42,338
2020 $698,321 $846,716 $1,538,158 $-148,395
2020 $698,321 $701,898 $1,538,158 $-3,577
2019 $848,853 $1,039,843 $978,696 $-190,990
2019 $848,853 $903,110 $978,696 $-54,257
2018 $888,662 $861,827 $979,051 $26,835
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.