NATIONAL ASSOCIATION OF MINORITY A… - 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

1980

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALER, founded in 1980, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 14% surplus.

Mission

THE NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS (NAMAD) IS A 501C3 NONPROFIT ORGANIZATION HEADQUARTERED IN LARGO MARYLAND. NAMADS MISSION IS TO PROVIDE VIABLE OPPORTUNITIES FOR ETHNIC MINORITIES IN THE AUTOMOBILE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $2,447,923 Revenue: $3,245,748

ADVOCATE FOR THE INCREASE OF ETHNIC MINORITY NEW AUTOMOBILE DEALERS

Program 2

Expenses: $305,991 Revenue: $651,478

MEMBERSHIP SUPPORT - 10

Program 3

Expenses: $305,990 Revenue: $405,718

INDUSTRY RELATIONS - 60

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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 $4,302,945

Program Service Revenue $0

Investment Income $1,840

Other Revenue $0

TOTAL REVENUE $4,304,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,745

Fundraising Expenses $99,645

Program Expenses $3,059,904

Other Expenses $3,282,387

TOTAL EXPENSES $3,699,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,304,785	$2,803,390	+0.5%
Expenses	$3,699,132	$2,642,095	+0.4%
Net Income	$605,653	$161,295	+2.8%

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

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
PERRY WATSON	VICE PRESIDENT	40.00	Highest	$119,018	$0	$119,018
WINSTON PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SANDY WOODS	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE SLAUGHTER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS LIRIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT VALDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY FREGIA Jr	DIRECTOR	1.00	Director	$0	$0	$0
GREG BARANCO	DIRECTOR	40.00	Director	$0	$0	$0
IRVING MATTHEWS	DIRECTOR	40.00	Director	$0	$0	$0
DAMON LESTER	PRESIDENT	40.00	Director	$0	$0	$0
RAY FREGIA Sr	DIRECTOR	1.00	Director	$0	$0	$0
DAMIAN MILLS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BROGDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE POZOS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DAVIS	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
2024	No data	No data	No data	No data
2023	$4,304,785	$3,699,132	$2,729,135	$605,653
2022	$2,803,390	$2,642,095	$1,972,184	$161,295
2021	$2,786,752	$2,691,833	$1,986,193	$94,919
2020	$2,287,046	$1,910,584	$1,894,166	$376,462
2018	$2,442,135	$2,419,028	$1,676,091	$23,107

NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALER