Carolina Dealerships Inc Welfare Benefit Trust
Carolina Dealerships Inc Welfare Benefit Trust shows consistent revenue growth and positive net assets with no reported officer compensation.
EIN: 202026448 · Winston Salem, NC · NTEE: Y43 · Updated: 2026-03-28
Is Carolina Dealerships Inc Welfare Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolina Dealerships Inc Welfare Benefit Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Dealerships Inc Welfare Benefit Trust
Carolina Dealerships Inc Welfare Benefit Trust (EIN: 202026448) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code Y43. The organization reported total revenue of $30.1M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Dealerships Inc Welfare Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Dealerships Inc Welfare Benefit Trust is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.0M |
| Total Expenses | $22.3M |
| Surplus / Deficit | +$731K |
| Total Assets | $4.5M |
| Total Liabilities | $1.3M |
| Net Assets | $3.2M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2022, Carolina Dealerships Inc Welfare Benefit Trust reported a surplus of $731K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Carolina Dealerships Inc Welfare Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +18.0% | +10.1% | +19.5% |
| 2021 | +13.5% | +19.4% | -16.4% |
| 2020 | +10.0% | +10.2% | +4.8% |
| 2019 | +6.1% | +11.5% | +6.4% |
| 2018 | +3.0% | +0.0% | +29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carolina Dealerships Inc Welfare Benefit Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Carolina Dealerships Inc Welfare Benefit Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $731K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is structured and reported under different expense categories, which would warrant further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carolina Dealerships Inc Welfare Benefit Trust's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin/fundraising) in provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Carolina Dealerships Inc Welfare Benefit Trust:
- Consistent revenue growth, from $10,233,600 in 2013 to $30,077,676 currently.
- Positive net assets, growing from $2,266,089 in 2013 to $6,308,154 currently, indicating financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Consistent filing of IRS Form 990s over 12 periods, demonstrating regulatory compliance.
Frequently Asked Questions about Carolina Dealerships Inc Welfare Benefit Trust
Is Carolina Dealerships Inc Welfare Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Dealerships Inc Welfare Benefit Trust (EIN: 202026448) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Carolina Dealerships Inc Welfare Benefit Trust spend its money?
Carolina Dealerships Inc Welfare Benefit Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carolina Dealerships Inc Welfare Benefit Trust tax-deductible?
Carolina Dealerships Inc Welfare Benefit Trust is registered as a tax-exempt nonprofit (EIN: 202026448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific welfare benefits does Carolina Dealerships Inc Welfare Benefit Trust provide?
The provided data does not detail the specific welfare benefits offered by the trust. Further investigation into their program descriptions would be necessary.
How does the organization manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive roles may be unpaid, or compensation is categorized differently within the expense structure, such as under general salaries and wages, rather than specifically as officer compensation.
What is the breakdown of the $22,273,623 in expenses for 2022?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories. This level of detail would be necessary for a more precise spending efficiency analysis.
Filing History
IRS 990 filing history for Carolina Dealerships Inc Welfare Benefit Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Carolina Dealerships Inc Welfare Benefit Trust's revenue has grown by 148%, moving from $9.3M to $23.0M. Total assets increased by 107.5% over the same period, from $2.2M to $4.5M. Total functional expenses rose by 172%, from $8.2M to $22.3M. In its most recent filing year (2022), Carolina Dealerships Inc Welfare Benefit Trust reported a surplus of $731K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $4.5M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $23.0M | $22.3M | $4.5M | $1.3M | — | — |
| 2021 | $19.5M | $20.2M | $3.7M | $2.4M | — | View 990 |
| 2020 | $17.2M | $16.9M | $4.5M | $1.7M | — | View 990 |
| 2019 | $15.6M | $15.4M | $4.3M | $873K | — | View 990 |
| 2018 | $14.7M | $13.8M | $4.0M | $968K | — | View 990 |
| 2017 | $14.3M | $13.8M | $3.1M | $642K | — | — |
| 2016 | $12.3M | $13.4M | $2.6M | $667K | — | View 990 |
| 2015 | $10.9M | $10.8M | $3.8M | $816K | — | View 990 |
| 2014 | $10.9M | $9.9M | $3.4M | $530K | — | View 990 |
| 2013 | $10.2M | $10.2M | $2.3M | $368K | — | View 990 |
| 2012 | $9.4M | $9.4M | $2.2M | $343K | — | View 990 |
| 2011 | $9.3M | $8.2M | $2.2M | $272K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $23.0M, expenses of $22.3M, and assets of $4.5M (revenue +18.0% year-over-year).
- 2021: Revenue of $19.5M, expenses of $20.2M, and assets of $3.7M (revenue +13.5% year-over-year).
- 2020: Revenue of $17.2M, expenses of $16.9M, and assets of $4.5M (revenue +10.0% year-over-year).
- 2019: Revenue of $15.6M, expenses of $15.4M, and assets of $4.3M (revenue +6.1% year-over-year).
- 2018: Revenue of $14.7M, expenses of $13.8M, and assets of $4.0M (revenue +3.0% year-over-year).
- 2017: Revenue of $14.3M, expenses of $13.8M, and assets of $3.1M (revenue +15.8% year-over-year).
- 2016: Revenue of $12.3M, expenses of $13.4M, and assets of $2.6M (revenue +13.3% year-over-year).
- 2015: Revenue of $10.9M, expenses of $10.8M, and assets of $3.8M (revenue -0.1% year-over-year).
- 2014: Revenue of $10.9M, expenses of $9.9M, and assets of $3.4M (revenue +6.6% year-over-year).
- 2013: Revenue of $10.2M, expenses of $10.2M, and assets of $2.3M (revenue +8.7% year-over-year).
- 2012: Revenue of $9.4M, expenses of $9.4M, and assets of $2.2M (revenue +1.5% year-over-year).
- 2011: Revenue of $9.3M, expenses of $8.2M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Dealerships Inc Welfare Benefit Trust:
Data Sources and Methodology
This transparency report for Carolina Dealerships Inc Welfare Benefit Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.