INDEPENDENT AUTOMOBILE DEALERS ASS… - 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

1941

Legal Domicile

Principal Officer

DAVID CARDELLA

Phone

3032398000

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO, founded in 1941, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $191K, a strong 16% operating margin.

Mission

ADVOCATE FOR INDEPENDENT AUTOMOBILE DEALERS IN COLORADO.

Program Service Accomplishments

Program 1

SALES OF STATE OF COLORADO SECURED FORMS AND BONDS REQUIRED TO BE USED IN AUTOMOBILE SALES TRANSACTIONS. SALES OF FORMS ARE TO ALL LICENSED AUTOMOBILE DEALERS REGARDLESS OF THE ASSOCIATION MEMBERSHIP STATUS OF THE DEALER ALTHOUGH MEMBERS GET A PRICE BREAK. SALES OF BONDS ARE LIMITED TO MEMBERS WITH THE OCCASIONAL EXCEPTION FOR SALESPERSON BONDS.

Program 2

PROVIDE EDUCATION AND INFORMATION TO MEMBER AND NON-MEMBER DEALERS TO IMPROVE INTERACTION WITH THE PUBLIC, TO HALT FRAUD, TO SUPPORT TRUTH AND ACCURACY IN ADVERTISING, AND TO ADHERE TO AND HONOR...

PROVIDE EDUCATION AND INFORMATION TO MEMBER AND NON-MEMBER DEALERS TO IMPROVE INTERACTION WITH THE PUBLIC, TO HALT FRAUD, TO SUPPORT TRUTH AND ACCURACY IN ADVERTISING, AND TO ADHERE TO AND HONOR GUARANTEES. ASSISTS DEALERS FROM THE INITIAL DEALER APPLICATION TO BECOMING A DEALER.

Program 3

PROVIDE NEWS AND INFORMATION ABOUT THE AUTOMOBILE INDUSTRY THROUGH PUBLICATIONS FROM THE ORGANIZATION AND THE NATIONAL USED CAR DEALER ASSOCIATION AND MAINTAINING WEBSITE.

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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 $258,540

Program Service Revenue $284,755

Investment Income $46,990

Other Revenue $585,714

TOTAL REVENUE $1,175,999

Expense Breakdown

Grants Paid $3,616

Salaries & Benefits $539,407

Fundraising Expenses $0

Other Expenses $324,880

TOTAL EXPENSES $985,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,175,999	$1,003,579	+0.2%
Expenses	$985,012	$876,825	+0.1%
Net Income	$190,987	$126,754	+0.5%

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

$224,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WHISTANCE	PRESIDENT	0.20	Officer Director	$0	$0	$0
MIKE WIDHALM	VICE-PRESIDENT	0.20	Officer Director	$0	$0	$0
AJET ZALLI	SECRETARY	0.20	Officer Director	$0	$0	$0
ANSON DAMOSSO	TREASURER	0.20	Officer Director	$0	$0	$0
TESHOME TESFAYE	CHAIRMAN OF THE BOARD/PAST PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
DAVE GUTTENBERG	DIRECTOR	0.20	Director	$0	$0	$0
JAMBO WOLDYOHANNIS	DIRECTOR	0.20	Director	$0	$0	$0
DARIO ARNAUTOVIC	DIRECTOR	0.20	Director	$0	$0	$0
JOE FUENTES	DIRECTOR	0.20	Director	$0	$0	$0
ABE ARYAN	DIRECTOR	0.20	Director	$0	$0	$0
JIM BAHNE	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
DAN BERKENKOTTER	PAST PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
MIKE BONICELLI	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
PEPPE DE MARCO	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
DEAN GUNTER	PAST PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
ROGER KIRLIN	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
STAN MARTIN	PAST PRESIDENT/DIRECTOR	1.50	Director	$0	$0	$0
JOE MCCLOSKEY	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
DEAN STRAWN	PAST PRESIDENT/DIRECTOR	0.20	Director	$0	$0	$0
JOHN LINDBERG	PAST PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
JIM BODE	PAST PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
BRIAN KARSH	DIRECTOR	0.00	Director	$0	$0	$0
MARK WEIDA	PAST PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
DAVID CARDELLA	CEO	40.00	Officer	$204,843	$19,182	$224,025

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	$1,175,999	$985,012	$4,085,990	$190,987
2023	$1,003,579	$876,825	$3,901,955	$126,754
2022	$821,214	$834,604	$3,675,509	$-13,390
2021	$1,121,645	$778,696	$3,954,642	$342,949
2020	$900,607	$791,738	$2,378,551	$108,869
2019	$852,530	$670,824	$2,219,966	$181,706
2018	$886,750	$661,337	$1,893,651	$225,413

INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO