CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC (EIN 237305962) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

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.

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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 $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

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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

Employees

Volunteers

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

$284,932

Total Directors

Key Employees

Highest Compensated

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

CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC