PUT ON THE BRAKES INC

EIN: 262176362 501(c)(3) Education

CONCORD, NC

Total Revenue
$4,086,704
Total Expenses
$3,836,521
Total Assets
$3,474,091
Net Assets
$3,370,673
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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
2008
Legal Domicile
NC
Principal Officer
DOUGLAS HERBERT
Phone
7047203806
Tax Period
2024-01-01 to 2024-12-31

PUT ON THE BRAKES INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 6% surplus.

Mission

TO PREVENT INJURIES AND SAVE LIVES BY TRAINING AND EDUCATING TEENAGE DRIVERS AND THEIR PARENTS, USING PROACTIVE PROFESSIONAL INSTRUCTION TO INCREASE AWARENESS, CONFIDENCE, ABILITY AND SAFETY BEHIND THE WHEEL.

Program Service Accomplishments

Program 1
Expenses: $3,374,965 Revenue: $4,086,704

TO PROVIDE EDUCATION AND TRAINING TO INEXPERIENCED, YOUNG DRIVERS THROUGH DRIVING SCHOOLS. THESE SCHOOLS TEACH SAFE DRIVING TECHNIQUES AND THE DANGERS OF DISTRACTED DRIVING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,051,237
Program Service Revenue $788,760
Investment Income $68,920
Other Revenue $177,787
TOTAL REVENUE $4,086,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $718,555
Fundraising Expenses $199,495
Program Expenses $3,374,965
Other Expenses $3,117,966
TOTAL EXPENSES $3,836,521

Year-over-Year Comparison

2024 2023 Change
Revenue $4,086,704 $4,229,164 0.0%
Expenses $3,836,521 $3,855,585 0.0%
Net Income $250,183 $373,579 -0.3%
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

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Governance

Voting Members
9
Independent Members
8
Employees
13
Volunteers
125

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
3
$150,000
Total Directors
9
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS HERBERT PRESIDENT/EX 40.00
Officer Director
$150,000 $0 $150,000
RICHARD PAYSOR CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVE DOBSON SECRETARY 1.00
Officer Director
$0 $0 $0
CAROLYN BECHTEL DIRECTOR 1.00
Director
$0 $0 $0
STEVE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
WANDA MILLER DIRECTOR 1.00
Director
$0 $0 $0
HEATHER HERBERT DIRECTOR 1.00
Director
$0 $0 $0
PATTI WHEELER DIRECTOR 1.00
Director
$0 $0 $0
ROB FISHER DIRECTOR 1.00
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
2025 No data No data No data No data
2024 $4,086,704 $3,836,521 $3,474,091 $250,183
2023 $4,229,164 $3,855,585 $3,258,004 $373,579
2022 $3,800,441 $3,199,373 $2,885,637 $601,068
2021 $2,603,171 $2,098,619 $2,260,862 $504,552
2020 $2,004,928 $1,852,556 $1,725,937 $152,372
2019 $4,167,666 $3,953,552 $1,557,045 $214,114
2018 $3,655,177 $3,211,567 $1,397,823 $443,610
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