AMERICANS FOR A BALANCED BUDGET INC

EIN: 464576284 Civil Rights & Advocacy

RALEIGH, NC

Total Revenue
$936,980
Total Expenses
$952,136
Total Assets
$241,149
Net Assets
$241,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
DOUGLAS F STEWART III
Phone
2025065320
Tax Period
2023-01-01 to 2023-12-31

AMERICANS FOR A BALANCED BUDGET INC, founded in 2014, is a small nonprofit in the Civil Rights & Advocacy sector that reported $937K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

ORIGINALLY IN OPERATION DURING THE 1980S AND 1990S, AMERICANS FOR A BALANCED BUDGET (ABB) WAS RE-FOUNDED IN 2009 IN RESPONSE TO THE RECKLESS FISCAL POLICIES OF THE BIG-SPENDING, OUT-OF-CONTROL POLITICIANS IN WASHINGTON, D.C. WITH THE NATIONAL DEBT SOARING PAST 30 TRILLION DOLLARS, IT IS CLEAR TO MILLIONS OF AMERICANS THAT THIS MASSIVE DEBT IS OUR GREATEST NATIONAL SECURITY RISK IN THE 21ST CENTURY. ABB PROVIDES A VOICE FOR AMERICAN TAXPAYERS WHO BELIEVE THE UNITED STATES MUST GET ITS SPENDING UNDER CONTROL IN ORDER TO SURVIVE AND PROSPER. ABB IS AN EFFECTIVE ADVOCACY ORGANIZATION WORKING TOWARD A BALANCED BUDGET AMENDMENT, A MODERNIZED TAX CODE AND OTHER COMMON SENSE POLICY OBJECTIVES WHICH WILL HELP AMERICA GET ITS FISCAL HOUSE IN ORDER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $936,980
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $936,980

Expense Breakdown

Grants Paid $570,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $935,237
Other Expenses $382,136
TOTAL EXPENSES $952,136

Year-over-Year Comparison

2023 2022 Change
Revenue $936,980 $2,384,990 -0.6%
Expenses $952,136 $1,965,647 -0.5%
Net Income $-15,156 $419,343 -1.0%
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
3
Independent Members
3
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON THOMAS COWART GOOLSBY JR ESQ CHAIRMAN N/A
Officer Director
$0 $0 $0
CHAD ADAM HEFLIN SECRETARY N/A
Officer Director
$0 $0 $0
ROGER LEE CURRIE JR TREASURER N/A
Officer Director
$0 $0 $0
DOUGLAS F STEWART III PRESIDENT N/A
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
2023 $936,980 $952,136 $241,149 $-15,156
2022 $2,384,990 $1,965,647 $256,305 $419,343
2021 $292,500 $289,201 $2,463 $3,299
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