Wake County New Vehicle Dealers Assn CO Forvis Mazars LLP

EIN: 561666351

Raleigh, NC

Total Revenue
$-19,587
Total Expenses
$175,166
Total Assets
$592,375
Net Assets
$592,023
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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
1990
Legal Domicile
NC
Phone
9198764546
Tax Period
2023-01-01 to 2023-12-31

Wake County New Vehicle Dealers Assn CO Forvis Mazars LLP, founded in 1990, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Revenue fell 119% from the prior year — a significant decline worth monitoring.

Mission

Public education

Program Service Accomplishments

Program 1

Public education concerning automobile & truck industry. Proceeds from special events are used to support local charities and school programs. Number of persons benefited are not known. Geographic...

Read more

Public education concerning automobile & truck industry. Proceeds from special events are used to support local charities and school programs. Number of persons benefited are not known. Geographic area affected is Wake County, NC.

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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 $550
Program Service Revenue $0
Investment Income $120
Other Revenue $-20,257
TOTAL REVENUE $-19,587

Expense Breakdown

Grants Paid $90,000
Salaries & Benefits $70,104
Fundraising Expenses $0
Program Expenses $0
Other Expenses $15,062
TOTAL EXPENSES $175,166

Year-over-Year Comparison

2023 2022 Change
Revenue $-19,587 $104,706 -1.2%
Expenses $175,166 $65,406 +1.7%
Net Income $-194,753 $39,300 -6.0%
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

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Governance

Voting Members
11
Independent Members
9
Employees
2
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
3
$0
Total Directors
12
$66,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice President 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A President 1.0
Officer Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $0
N/A Executive Director 20.0
Director
$23,344 $0 $23,344
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $0
N/A Executive Director 20.0
Director
$43,333 $0 $43,333
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
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 No data No data No data No data
2023 $-19,587 $175,166 $592,375 $-194,753
2022 $104,706 $65,406 $789,600 $39,300
2021 $148,845 $144,602 $748,890 $4,243
2020 $218,300 $101,715 $744,647 $116,585
2019 $248,995 $104,648 $873,936 $144,347
2018 $249,307 $121,697 $872,494 $127,610
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