Triad Local First
Overview
Mission
Triad local first's mission is to promote and strengthen the economic growth and sustainability of local, independently-owned businesses.
What it reported doing in 2024
Support of locally owned and independent businesses through education and advocacy.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 270909315
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2013, Form 990-EZ 2024, Form 990-N 2023
- Headquarters
- Greensboro, NC, USA
- Phone
- 3363655282
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80%; rating input score 80
- Program expense ratio: 81.1%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 47.5%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -5.8% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: -2.7% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: 80% of revenue deployed · 81.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 annual filings from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.