THE CENTER FOR ADVANCED DRIVING AND RESEARCH

EIN: 845168286 501(c)(3) Public Safety

WILLOW SPRING, NC

Total Revenue
$16
Total Expenses
$2,196
Total Assets
$551
Net Assets
$551
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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
2020
Legal Domicile
NC
Phone
9195524466
Tax Period
2024-01-01 to 2024-12-31

THE CENTER FOR ADVANCED DRIVING AND RESEARCH, founded in 2020, is a micro nonprofit in the Public Safety sector that reported $16 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 13625% operating deficit.

Mission

AN ORGANIZATION THAT TEACHES AND TRAINS UNEXPERIENCE AND YOUNG DRIVERS THE FUNDEMENTALS AND IMPORTANCE OF AUTOMOTIVES AND THE HIGHWAY.

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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 $0
Program Service Revenue $16
Investment Income $0
Other Revenue $0
TOTAL REVENUE $16

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,196
TOTAL EXPENSES $2,196

Year-over-Year Comparison

2024 2023 Change
Revenue $16 $30,027 -1.0%
Expenses $2,196 $9,313 -0.8%
Net Income $-2,180 $20,714 -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
2
Independent Members
2
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL WAGNER PRESIDENT 5.00
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 $16 $2,196 $551 $-2,180
2023 $30,027 $9,313 $14,699 $20,714
2022 $58 $4,053 $140 $-3,995
2021 $13 $4,474 $93 $-4,461
2020 $834 $10,361 $7 $-9,527
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