CONTINENTAL OWNER OPERATORS LIMITED

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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

2002

Legal Domicile

Principal Officer

COLT PALMER

Phone

4063276541

Tax Period

2024-01-01 to 2024-12-31

CONTINENTAL OWNER OPERATORS LIMITED, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $142K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $211K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE ORGANIZATION IS A TRADE ASSOCIATION TO FOSTER THE COMMON INTERESTS OF OWNER OPERATORS OF OVER-THE-ROAD TRACTOR/TRAILER EQUIPMENT OR LONG-HAUL TRUCKERS.

Program Service Accomplishments

Program 1

PROVIDED INFORMATIONAL SAFETY SERVICES TO MEMBERS SUCH AS ANSWERING QUESTIONS RELATED TO DEPARTMENT OF TRANSPORTATION REGULATION, FEDERAL MOTOR CARRIER SAFETY REGULATIONS, DRUG TESTING, AND OTHER...

PROVIDED INFORMATIONAL SAFETY SERVICES TO MEMBERS SUCH AS ANSWERING QUESTIONS RELATED TO DEPARTMENT OF TRANSPORTATION REGULATION, FEDERAL MOTOR CARRIER SAFETY REGULATIONS, DRUG TESTING, AND OTHER ISSUES RELATED TO LONG-HAUL TRUCKING.

Program 2

ACTED AS CONDUIT TO PROVIDE OTHER BENEFITS TO MEMBERS SUCH AS ELIGIBILITY TO OBTAIN PROPERTY AND CASUALTY INSURANCE.

Program 3

ACTED AS CONDUIT TO PROVIDE OTHER BENEFITS TO MEMBERS SUCH AS ELIGIBILITY TO OBTAIN OCCUPATION, ACCIDENT, AND OTHER FORMS OF INSURANCE.

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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 $0

Program Service Revenue $126,020

Investment Income $16,264

Other Revenue $0

TOTAL REVENUE $142,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $210,537

TOTAL EXPENSES $210,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,284	$199,645	-0.3%
Expenses	$210,537	$220,696	0.0%
Net Income	$-68,253	$-21,051	+2.2%

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

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
COLT PALMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
AARON STIEG	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JENEL HARJU	SECRETARY	0.50	Officer Director	$0	$0	$0
JOE GANDOLFI	TREASURER	0.50	Officer Director	$0	$0	$0
JOSHUA CROMWELL	DIRECTOR	0.50	Director	$0	$0	$0
NATE FULTON	DIRECTOR	0.50	Director	$0	$0	$0
KEN FLAMMINI	DIRECTOR	0.50	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	$142,284	$210,537	$461,691	$-68,253
2023	$199,645	$220,696	$529,944	$-21,051
2022	$273,347	$219,263	$550,995	$54,084
2021	$299,520	$270,794	$496,911	$28,726
2020	$311,667	$265,422	$468,185	$46,245
2019	$353,701	$339,357	$421,940	$14,344
2018	$1,256,890	$1,153,807	$407,596	$103,083