NORTH CAROLINA PETROLEUM & CONVENIENCE MARKETERS INC

EIN: 560340977

RALEIGH, NC

Total Revenue
$2,138,024
Total Expenses
$2,053,217
Total Assets
$3,887,211
Net Assets
$3,058,426
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
NC
Principal Officer
GARY HARRIS
Phone
9197824411
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA PETROLEUM & CONVENIENCE MARKETERS INC, founded in 1927, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 4% surplus.

Mission

THE ASSOCIATION EXISTS FOR THE SOLE PURPOSE OF PROMOTING THE WELFARE AND PROTECTING THE INTEREST OF THOSE ENGAGED IN MARKETING AND DISTRIBUTION OF PETROLEUM PRODUCTS IN NORTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,550
Program Service Revenue $1,722,321
Investment Income $122,576
Other Revenue $288,577
TOTAL REVENUE $2,138,024

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $670,568
Fundraising Expenses $0
Program Expenses $1,670,291
Other Expenses $1,368,649
TOTAL EXPENSES $2,053,217

Year-over-Year Comparison

2023 2022 Change
Revenue $2,138,024 $1,995,461 +0.1%
Expenses $2,053,217 $2,049,228 +0.0%
Net Income $84,807 $-53,767 -2.6%
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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Governance

Voting Members
22
Independent Members
22
Employees
6
Volunteers
22

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
9
$189,099
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDREY SHEARIN PRESIDENT 2.00
Officer Director
$0 $0 $0
BEAU WADDELL VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JASON CHERRY TREASURER 2.00
Officer Director
$0 $0 $0
SAM METZLER EXECUTIVE COMMITTEE MEMBER AT LARGE 2.00
Officer Director
$0 $0 $0
GENE MCLAURIN IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN CLARK EMA DIRECTOR 2.00
Officer Director
$0 $0 $0
LARS SIMONSEN ATTORNEY 2.00
Officer Director
$0 $0 $0
ED TURLINGTON LEGISLATIVE 2.00
Officer Director
$0 $0 $0
WILL BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
ZACH BUMGARNER BOARD MEMBER 1.00
Director
$0 $0 $0
WESLEY CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
GRAY DAUGHTRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
JIMMY WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
HOWELL CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GARVER BOARD MEMBER 1.00
Director
$0 $0 $0
BUBBA HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHNNY ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SHEALEY BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
MILES HARRELL BOARD MEMBER 1.00
Director
$0 $0 $0
NICK ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS OLIVER BOARD MEMBER 1.00
Director
$0 $0 $0
GARY HARRIS EXECUTIVE DIRECTOR 40.00
Officer
$171,750 $17,349 $189,099
TIMOTHY LAUGHLIN TECHNICAL DIRECTOR/ENGINEERING 40.00
Highest
$117,750 $15,550 $133,300
SHARON VINSON TRADE SHOW DIRECTOR 40.00
Highest
$103,250 $18,063 $121,313
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 $2,138,024 $2,053,217 $3,887,211 $84,807
2022 $1,995,461 $2,049,228 $3,689,233 $-53,767
2021 $1,726,524 $1,796,605 $4,013,688 $-70,081
2020 $2,218,949 $1,278,498 $3,713,335 $940,451
2019 $1,825,467 $1,625,016 $3,470,375 $200,451
2018 $1,647,378 $1,454,349 $3,325,073 $193,029
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