Anchor Ridge
Nonprofit profile at a glance
- EIN
- 900855391
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- North Wilkesboro, NC, USA
- Phone
- 3368180995
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $12,756,890
- Expenses
- $12,258,285
- Assets
- $1,073,167
- Liabilities
- $197,590
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JOSHUA PAUL (PRESIDENT)
Highest reported compensation
- JOSHUA PAUL (PRESIDENT): $79,692 total reported compensation
- ANDREW SPARKS (SECRETARY): $48,077 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide food, clothing, supplies and toys to impoverished families living throughout the appalachian mountains of Virginia, Kentucky, West Virginia, eastern Tennessee and western North Carolina.
What it reported doing in 2024
To provide food, clothing, toys and supplies to impoverished families living throughout the appalachian mountains of Virginia, Kentucky, West Virginia, eastern Tennessee and western North Carolina.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 94
- Accountability: 62
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.9%; rating input score 96
- Program expense ratio: 99.8%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 34th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 14th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.9%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 31.5% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 32.3% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 31% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 95.9% of revenue deployed · 99.8% of spending went to programs
- Governance: 3 of 4 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $12.2M in reported program spending
- Leadership: top reported pay $80K · 4 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Operating margin scored 50/100.