TOWING AND RECOVERY PROFESSIONALS OF NORTH CAROLINA INC (EIN 581414129) - 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

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.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

TOWING AND RECOVERY PROFESSIONALS OF NORTH CAROLINA INC