NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION INC

EIN: 561565225 501(c)(3)

RALEIGH, NC

Total Revenue
$139,726
Total Expenses
$114,648
Total Assets
$676,040
Net Assets
$658,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Principal Officer
T JOHN POLICASTRO
Phone
9198284421
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION INC, founded in 1988, is a small nonprofit that reported $140K in total revenue in fiscal year 2023. Revenue surged 211% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 18% operating margin.

Mission

PROMOTE EDUCATION OF INDIVIDUALS IN THE AUTOMOTIVE FIELD

Program Service Accomplishments

Program 1
Expenses: $73,466

HONOR FIRST RESPONDERS FOR THEIR CONTRIBUTIONS TO THE COMMUNITY.

Program 2
Expenses: $16,000

SUPPORT THEIR COMMUNITY, NATION AND THE AUTOMOTIVE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $128,900
Program Service Revenue $0
Investment Income $10,826
Other Revenue $0
TOTAL REVENUE $139,726

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $89,466
Other Expenses $97,148
TOTAL EXPENSES $114,648

Year-over-Year Comparison

2023 2022 Change
Revenue $139,726 $44,899 +2.1%
Expenses $114,648 $77,488 +0.5%
Net Income $25,078 $-32,589 -1.8%
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

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Governance

Voting Members
36
Independent Members
36
Employees
N/A
Volunteers
38

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
3
$150,000
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA MYNATT CHAIR 0.10
Officer Director
$0 $0 $0
DAVID FARRIS VICE-CHAIR 0.10
Officer Director
$0 $0 $0
JAMES BARBER DIRECTOR 0.10
Director
$0 $0 $0
BRUCE BIGGS DIRECTOR 0.10
Director
$0 $0 $0
HARRY C BROWN DIRECTOR 0.10
Director
$0 $0 $0
DAVID BROWN DIRECTOR 0.10
Director
$0 $0 $0
BILL BROWN DIRECTOR 0.10
Director
$0 $0 $0
NORWOOD F BRYAN DIRECTOR 0.10
Director
$0 $0 $0
DON O BULLUCK JR DIRECTOR 0.10
Director
$0 $0 $0
THOMAS B BURTON JR DIRECTOR 0.10
Director
$0 $0 $0
THOM DILLARD DIRECTOR 0.10
Director
$0 $0 $0
LARRY J GEOHAGAN DIRECTOR 0.10
Director
$0 $0 $0
JOHN D GREENE SR DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM P HOWARD DIRECTOR 0.10
Director
$0 $0 $0
MIKE JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
HARRY L LAND JR DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM MUSGRAVE DIRECTOR 0.10
Director
$0 $0 $0
JOE H NELSON DIRECTOR 0.10
Director
$0 $0 $0
CARL S RAGSDALE DIRECTOR 0.10
Director
$0 $0 $0
GUY P SMITH DIRECTOR 0.10
Director
$0 $0 $0
DALE A STEARNS DIRECTOR 0.10
Director
$0 $0 $0
D WAYNE THOMAS DIRECTOR 0.10
Director
$0 $0 $0
NATALIE TINDOL DIRECTOR 0.10
Director
$0 $0 $0
DOUGLAS WILKINSON JR DIRECTOR 0.10
Director
$0 $0 $0
DONALD WILLIAMSON DIRECTOR 0.10
Director
$0 $0 $0
OMNIA FOWLER DIRECTOR 0.10
Director
$0 $0 $0
GEORGE ANDERSON DIRECTOR 0.10
Director
$0 $0 $0
TIM ILDERTON DIRECTOR 0.10
Director
$0 $0 $0
JOHN HIESTER DIRECTOR 0.10
Director
$0 $0 $0
JAY WYATT DIRECTOR 0.10
Director
$0 $0 $0
SPORT DURST DIRECTOR 0.10
Director
$0 $0 $0
JEFF MICHAEL DIRECTOR 0.10
Director
$0 $0 $0
T JOHN POLICASTRO PRESIDENT 1.00
Officer
$0 $4,050 $150,000
ROBERT GLASER FORMER PRESIDENT 0.00
$0 $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 $139,726 $114,648 $676,040 $25,078
2022 $44,899 $77,488 $600,771 $-32,589
2021 $163,081 $94,356 $698,389 $68,725
2020 $83,761 $57,022 $632,835 $26,739
2019 $113,316 $107,955 $596,503 $5,361
2018 $191,158 $120,265 $521,133 $70,893
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