COUNCIL OF INDEPENDENT BUSINESS OW… - 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

1987

Legal Domicile

Principal Officer

BUZZY CANNADY

Phone

8282542426

Tax Period

2020-01-01 to 2020-12-31

COUNCIL OF INDEPENDENT BUSINESS OWNERS INC, founded in 1987, is a small nonprofit that reported $187K in total revenue in fiscal year 2020. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 30% operating margin.

Mission

PROMOTING INDEPENDENT BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $94,713 Revenue: $40,286

PROMOTING BETTER BUSINESS PRACTICES AND PROMOTING THE WELFARE OF THOSE ENGAGED IN INDEPENDENT BUSINESS IN THE CITY OF ASHEVILLE AND SURROUNDING COMMUNITIES THROUGH EDUCATION AND INFORMATIONAL...

PROMOTING BETTER BUSINESS PRACTICES AND PROMOTING THE WELFARE OF THOSE ENGAGED IN INDEPENDENT BUSINESS IN THE CITY OF ASHEVILLE AND SURROUNDING COMMUNITIES THROUGH EDUCATION AND INFORMATIONAL OPPORTUNITIES INFORMING ITS MEMBERS ABOUT ISSUES THAT IMPACT SMALL BUSINESS

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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 (2020)

Revenue Breakdown

Contributions & Grants $108,860

Program Service Revenue $40,286

Investment Income $0

Other Revenue $37,672

TOTAL REVENUE $186,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,370

Fundraising Expenses $5,569

Program Expenses $94,713

Other Expenses $18,554

TOTAL EXPENSES $129,924

Year-over-Year Comparison

	2020	2019	Change
Revenue	$186,818	$168,601	+0.1%
Expenses	$129,924	$189,422	-0.3%
Net Income	$56,894	$-20,821	-3.7%

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

$42,518

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUZZY CANNADY	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROD HUDGINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT HUGHES	SECRETARY/ TREASURER	3.00	Officer Director	$0	$0	$0
MAC SWICEGOOD	DIRECTOR	1.00	Director	$0	$0	$0
KERNEY MCNEIL	DIRECTOR	1.00	Director	$0	$0	$0
RL BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
KARL KOON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
MARK BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
PRATIK BHAKTA	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CARROLL	PAST PRESIDENT	1.00	Director	$0	$0	$0
MIKE PLEMMONS	EXECUTIVE DIRECTOR	40.00	Officer	$38,318	$4,200	$42,518

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
2020	$186,818	$129,924	$187,482	$56,894
2019	$168,601	$189,422	$124,673	$-20,821
2018	$208,332	$180,627	$127,459	$27,705

COUNCIL OF INDEPENDENT BUSINESS OWNERS INC