CARS FOR CHARITY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

MATT T DENDORFER

Phone

3032498018

Tax Period

2023-01-01 to 2023-12-31

CARS FOR CHARITY INC, founded in 1998, is a community nonprofit in the Employment sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum.

Mission

Program Service Accomplishments

Program 1

Expenses: $3,713,248 Revenue: $3,864,167

THE PURPOSE OF CARS FOR CHARITY IS TO ACT AS THE ENABLING ENTITY FOR HUNDREDS OF TAX-EXEMPT NONPROFIT ORGANIZATIONS, LOCATED WITHIN THE UNITED STATES, TO UNDERTAKE AND BENEFIT FROM A "VEHICLE...

THE PURPOSE OF CARS FOR CHARITY IS TO ACT AS THE ENABLING ENTITY FOR HUNDREDS OF TAX-EXEMPT NONPROFIT ORGANIZATIONS, LOCATED WITHIN THE UNITED STATES, TO UNDERTAKE AND BENEFIT FROM A "VEHICLE DONATION" FUNDRAISING PROGRAM. CARS FOR CHARITY RUNS THE "VEHICLE DONATION" FUNDRAISING PROGRAM AND THIS PROGRAM RECYCLES CARS, BOATS, MOTORCYCLES, AND MOTORHOMES INTO CASH FOR THE 501(C)(3) UNITED STATES ORGANIZATIONS TO SUPPORT THEIR PROGRAMS AND SERVICES IN THE COMMUNITY. AT THIS TIME THERE ARE NO PUBLICATIONS ISSUED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,864,167

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $3,864,172

Expense Breakdown

Grants Paid $3,713,248

Salaries & Benefits $38,924

Fundraising Expenses $0

Program Expenses $3,713,248

Other Expenses $86,076

TOTAL EXPENSES $3,838,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,864,172	$2,171,070	+0.8%
Expenses	$3,838,248	$1,767,558	+1.2%
Net Income	$25,924	$403,512	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINA ROSE R VALENTINE	ASST VICE PR	10.00	Officer	$24,000	$0	$24,000
MATT T DENDORFER	PRESIDENT	5.00	Officer	$12,000	$0	$12,000
ERIC DENDORFER	VICE PRESIDE	1.00	Officer	$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	$3,864,172	$3,838,248	$588,260	$25,924
2022	$4,793,177	$4,811,586	$17,324	$-18,409
2022	$2,171,070	$1,767,558	$427,262	$403,512
2021	$4,006,332	$3,990,731	$33,978	$15,601
2020	$2,026,516	$2,011,360	$23,792	$15,156
2019	$742,863	$836,046	$12,199	$-93,183
2018	$379,244	$332,687	$96,265	$46,557