BETTER BUSINESS BUREAU OF SOUTHERN PIEDMONT INC (EIN 560517854) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

PAUL T BARTHOLOMY

Phone

7049278613

Tax Period

2024-01-01 to 2024-12-31

BETTER BUSINESS BUREAU OF SOUTHERN PIEDMONT INC, founded in 1949, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE BBB IS A PUBLIC SERVICE AGENCY DEVOTED TO THE PROTECTION OF THE CONSUMING PUBLIC AND THE VITALITY OF THE FREE ENTERPRISE SYSTEM. WORKING THROUGH AND WITH ITS MEMBERS, THE BBB WORKS TO PROTECT CONSUMERS INTERESTS THROUGH THE PROMOTION OF ETHICAL BUSINESS PRACTICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,106,219

Investment Income $32,409

Other Revenue $0

TOTAL REVENUE $3,138,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,464,668

Fundraising Expenses $0

Program Expenses $2,815,861

Other Expenses $988,683

TOTAL EXPENSES $3,453,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,138,628	$3,147,995	0.0%
Expenses	$3,453,351	$3,130,235	+0.1%
Net Income	$-314,723	$17,760	-18.7%

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

$355,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M BARTHOLOMY	CEO/PRESIDENT (RETIRED)	40.00		$322,764	$0	$322,764
PAUL T BARTHOLOMY	CEO/PRESIDENT	40.00	Officer	$189,458	$8,000	$197,458
DAVID B COLSON	VP OF BUSINESS RELATIONS	40.00	Highest	$100,693	$0	$100,693
JULIANA C O'RORK	VP OF MARKETING	40.00	Officer	$157,942	$0	$157,942
JULIANNE GOODWIN	REGIONAL DIRECTOR ASHEVILLE	40.00	Highest	$105,304	$0	$105,304
JULIE HAACK	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN ACOSTA HUCKLEBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANDY DOWNS	DIRECTOR	1.00	Director	$0	$0	$0
WALTER BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
RONDA JABLONSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARILYNN BOWLER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CLARK	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
R ROBERT FREEMAN III	DIRECTOR	1.00	Director	$0	$0	$0
JANET GODFREY	DIRECTOR	1.00	Director	$0	$0	$0
BARRY KLEMONS	DIRECTOR	1.00	Director	$0	$0	$0
TISH ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARC TILEBAUM	DIRECTOR	1.00	Director	$0	$0	$0
KIP COZART	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	$3,138,628	$3,453,351	$2,172,687	$-314,723
2023	$3,147,995	$3,130,235	$2,462,460	$17,760
2022	$3,046,474	$2,958,088	$2,334,320	$88,386
2021	$3,109,120	$2,673,843	$2,483,072	$435,277
2020	$2,978,960	$2,620,981	$2,052,412	$357,979

BETTER BUSINESS BUREAU OF SOUTHERN PIEDMONT INC