CAROLINAS ROOFING AND SHEET METAL CONTRACTORS ASSN (EIN 560893161) - 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

1994

Legal Domicile

Tax Period

2021-07-01 to 2022-06-30

CAROLINAS ROOFING AND SHEET METAL CONTRACTORS ASSN, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $312K in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $350K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE CAROLINAS ROOFING AND SHEET METAL CONTRACTORS ASSOCIATION, INC. IS TO PROMOTE EDUCATION, DEVELOP RELATIONS AND MAINTAIN QUALITY IN THE FIELD OF ROOFING AND SHEET METAL CONTRACTING

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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 (2021)

Revenue Breakdown

Contributions & Grants $81,577

Program Service Revenue $175,066

Investment Income $4,676

Other Revenue $51,052

TOTAL REVENUE $312,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,562

Fundraising Expenses $0

Program Expenses $337,700

Other Expenses $240,850

TOTAL EXPENSES $350,412

Year-over-Year Comparison

	2021	2020	Change
Revenue	$312,371	$263,163	+0.2%
Expenses	$350,412	$247,878	+0.4%
Net Income	$-38,041	$15,285	-3.5%

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

140

Independent Members

N/A

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
MICKEY CHILDRESS	PAST PRESIDENT	0.00	Director	$0	$0	$0
JIMBO SPANN	DIRECTOR	0.00	Director	$0	$0	$0
CASEY MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PANELLA	DIRECTOR	0.00	Director	$0	$0	$0
JASON TETTERTON	2ND VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MATTHEW WILLIAMS	PRESIDENT	2.00	Officer	$0	$0	$0
BERT PICKENS	1ST VICE PRESIDENT	0.00	Officer	$0	$0	$0
CARLA SIMS	EXECUTIVE DIRECTOR	40.00	Key Emp	$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
2025	No data	No data	No data	No data
2022	$312,371	$350,412	$474,231	$-38,041
2021	$263,163	$247,878	$495,400	$15,285
2020	$265,080	$251,452	$483,876	$13,628
2019	$341,890	$347,339	$481,321	$-5,449
2018	$369,587	$348,031	$492,813	$21,556

CAROLINAS ROOFING AND SHEET METAL CONTRACTORS ASSN