NORTH CAROLINA AUTOMOBILE DEALERS … - 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

1935

Legal Domicile

Principal Officer

T JOHN POLICASTRO

Phone

9198284421

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC, founded in 1935, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 6% surplus.

Mission

PROMOTE THE WELFARE OF THE AUTOMOBILE RETAIL INDUSTRY

Program Service Accomplishments

Program 1

CONVENTION AND EDUCATION PROGRAMS: THE ASSOCIATION HAS AN ANNUAL CONVENTION WHICH ENHANCES MEMBER AWARENESS OF ISSUES RELATED TO THE INDUSTRY AND ENCOURAGES NETWORKING. THE ASSOCIATION ALSO PRESENTS SEVERAL SEMINARS EACH YEAR, WHICH EDUCATE MEMBERS ON MATTERS PERTINENT TO THEIR BUSINESS AND INDUSTRY, AND SPONSORS AUTOMOTIVE EDUCATION PROGRAMS.

Program 2

MEMBERSHIP SERVICES: THE ASSOCIATION DEVELOPS PROGRAMS AND PROVIDES PRODUCTS AND SERVICES THAT BENEFIT MEMBERS.

Program 3

LEGISLATIVE AND GOVERNMENT RELATIONS: THE ASSOCIATION MONITORS AND EDUCATES MEMBERS, AND IN SOME CASES ATTEMPTS TO INFLUENCE LEGISLATION THAT IMPACTS MEMBERS AND THE INDUSTRY.

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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 $923,773

Program Service Revenue $876,655

Investment Income $218,126

Other Revenue $757,524

TOTAL REVENUE $2,776,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,305,538

Fundraising Expenses $0

Other Expenses $1,296,886

TOTAL EXPENSES $2,602,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,776,078	$2,760,744	+0.0%
Expenses	$2,602,424	$2,786,197	-0.1%
Net Income	$173,654	$-25,453	-7.8%

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

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ALFORD	NADA DIRECTOR	1.00	Director	$0	$0	$0
JEFF MICHAEL	PAST CHAIR	1.00	Director	$0	$0	$0
SPORT DURST	PAST CHAIR	1.00	Director	$0	$0	$0
ALYCIA W KELLUM	CHAIR	1.00	Officer Director	$0	$0	$0
GREG YORK	TREASURER THRU JUNE 2023	1.00	Officer Director	$0	$0	$0
MARK FISHER	SECRETARY FROM JUNE 2023	1.00	Officer Director	$0	$0	$0
RANDY HUNTER	VICE CHAIR FROM JUNE 2023	1.00	Officer Director	$0	$0	$0
MARK CARTER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM PARKS	DIRECTOR	1.00	Director	$0	$0	$0
RAY VRSCAK	DIRECTOR	1.00	Director	$0	$0	$0
MARK FISHER	DIRECTOR	1.00	Director	$0	$0	$0
TIM MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
MARY MARGARET LATHAM	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
TOM HILL	DIRECTOR	1.00	Director	$0	$0	$0
REGGIE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
GARSON RICE	DIRECTOR	1.00	Director	$0	$0	$0
REX CREECH	DIRECTOR	1.00	Director	$0	$0	$0
ROB KING	TREASURER FROM JUNE 2023	1.00	Officer Director	$0	$0	$0
DARRYL JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD TYSON	DIRECTOR	1.00	Director	$0	$0	$0
NEILL NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FLOW	DIRECTOR	1.00	Director	$0	$0	$0
GRANT LOFTIN	DIRECTOR	1.00	Director	$0	$0	$0
MITCH ABERNETHY	DIRECTOR	1.00	Director	$0	$0	$0
EASON BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
RUSS ELLETT	DIRECTOR	1.00	Director	$0	$0	$0
TONY BERTSCHI	DIRECTOR	1.00	Director	$0	$0	$0
KEN JONES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LEE	DIRECTOR	1.00	Director	$0	$0	$0
T JOHN POLICASTRO	PRESIDENT	40.00	Officer	$145,950	$4,050	$150,000
ROBERT GLASER	FORMER PRESIDENT	0.00		$537,150	$2,850	$540,000

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	$2,776,078	$2,602,424	$7,205,289	$173,654
2022	$2,760,744	$2,786,197	$6,794,328	$-25,453
2021	$2,725,397	$2,804,892	$7,731,087	$-79,495
2020	$1,712,933	$1,625,179	$7,049,506	$87,754
2019	$2,316,304	$2,215,569	$6,297,886	$100,735
2018	$1,884,664	$2,025,894	$5,612,991	$-141,230

NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC