TOWING AND RECOVERY PROFESSIONALS OF NORTH CAROLINA INC

EIN: 581414129

ELKIN, NC

Total Revenue
$351,601
Total Expenses
$358,045
Total Assets
$400,993
Net Assets
$385,276
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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
1980
Principal Officer
JERRY BARBOUR
Phone
3369750029
Tax Period
2024-10-01 to 2025-09-30

TOWING AND RECOVERY PROFESSIONALS OF NORTH CAROLINA INC, founded in 1980, is a small nonprofit that reported $352K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

REPRESENT THE BEST INTERESTS OF TOWING AND RECOOVERY PREOFESSIONALS IN NORTH CAROLINA AND WORK TOGETHER TO PROMOTE THE INDUSTRY TO A WIDE VARIETY OF POTENTIAL USERS.

Program Service Accomplishments

Program 1

TOW TRUCK AND TRADE SHOW PROMOTES AND EDUCATES OTHERS ABOUT THE TOWING AND RECOVERY PROFESSION.

Program 2

ANNUAL MEETINGS AND SEMINARS ALLOW MEMBERS TO ASSOCIATE WITH EACH OTHER, STAYING CURRENT ON LOCAL TRENDS AND NATIONAL DEVELOPMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $152,886
Program Service Revenue $181,320
Investment Income $0
Other Revenue $17,395
TOTAL REVENUE $351,601

Expense Breakdown

Grants Paid $971
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $357,074
TOTAL EXPENSES $358,045

Year-over-Year Comparison

2024 2023 Change
Revenue $351,601 $262,262 +0.3%
Expenses $358,045 $157,483 +1.3%
Net Income $-6,444 $104,779 -1.1%
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
13
Independent Members
13
Employees
N/A
Volunteers
125

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
8
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY BARBOUR PRESIDENT N/A
Officer Director
$0 $0 $0
DANNY BRADSHAW VICE PRES. W N/A
Officer Director
$0 $0 $0
KEVIN BROWN DIRECTOR N/A
Director
$0 $0 $0
PHILIP DANIELS DIRECTOR N/A
Director
$0 $0 $0
KARRIE FOGG PAST PRESIDE N/A
Officer Director
$0 $0 $0
KRISTY GRAY DIRECTOR N/A
Director
$0 $0 $0
MIKE GRAY DIRECTOR N/A
Director
$0 $0 $0
WANDA HINCHER CO-EXEC. DIR N/A
Officer Director
$0 $0 $0
AUSTIN HOLLAND VICE PRES. E N/A
Officer Director
$0 $0 $0
BROOKE HOLT SECRETARY/TR N/A
Officer Director
$0 $0 $0
JAMES JACKSON VICE PRES. S N/A
Officer Director
$0 $0 $0
JOSH KEENER DIRECTOR N/A
Director
$0 $0 $0
STEVE ROCKWELL DIRECTOR N/A
Director
$0 $0 $0
KRISTA TOMASSO VICE PRES. C N/A
Officer 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
2025 $351,601 $358,045 $400,993 $-6,444
2024 $262,262 $157,483 $397,905 $104,779
2023 $277,965 $128,097 $286,941 $149,868
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