DRIVERS' ADVISORY COUNCIL

EIN: 881135330 Community Improvement

HUNTERSVILLE, NC

Total Revenue
$27,700
Total Expenses
$8,413
Total Assets
$22,508
Net Assets
$-17,492
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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
2022
Legal Domicile
NC
Principal Officer
JEFFREY BURTON
Phone
7046338697
Tax Period
2024-01-01 to 2024-12-31

DRIVERS' ADVISORY COUNCIL, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 70% operating margin.

Mission

PROMOTE THE COMMON BUSINESS INTEREST AND IMPROVE THE BUSINESS CONDITIONS FOR PROFESSIONAL RACE CAR DRIVERS IN EVENTS SANCTIONED BY NASCAR.

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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 $27,700
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,413
TOTAL EXPENSES $8,413

Year-over-Year Comparison

2024 2023 Change
Revenue $27,700 $12,000 +1.3%
Expenses $8,413 $25,586 -0.7%
Net Income $19,287 $-13,586 -2.4%
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
9
Independent Members
9
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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BELL DIRECTOR 1.50
Director
$0 $0 $0
TOM BUIS DIRECTOR 1.50
Director
$0 $0 $0
KURT BUSCH DIRECTOR 1.50
Director
$0 $0 $0
KEVIN HARVICK DIRECTOR 1.50
Director
$0 $0 $0
COREY LAJOIE DIRECTOR 1.50
Director
$0 $0 $0
JOEY LOGANO DIRECTOR 1.50
Director
$0 $0 $0
MICHAEL MCDOWELL DIRECTOR 1.50
Director
$0 $0 $0
KYLE PETTY DIRECTOR 1.50
Director
$0 $0 $0
JEFFREY BURTON PRESIDENT 25.00
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 $27,700 $8,413 $22,508 $19,287
2023 $12,000 $25,586 $3,221 $-13,586
2022 $22,789 $45,982 $16,807 $-23,193
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