Edenton-chowan Partnership Inc

Nonprofit profile at a glance

EIN
561978763
IRS 990 coverage
2013–2025
Forms available
Form 990 2025
Location
Edenton, NC, USA
Phone
2524822007
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$93,207
Expenses
$143,118
Assets
$949,327
Liabilities
$37,338

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

People named in this filing

  • ROLAND VAUGHAN (MEMBER)
  • CURTIS ROTAN (MEMBER)
  • BOB KIRBY (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the edenton-chowan partnership is to improve the quality of life for all of the citizens of the town of edenton and chowan county by facilitating economic development, fostering improvements to education and workforce development, and promoting development of recreation infrastructure.

What it reported doing in 2025

The partnership's program service accomplishments occurred in three areas, all dedicated to improving the social, educational and economic welfare of the people of edenton and chowan county, nc. All three areas shared in the expenses and revenues of the partnership with some receiving more time from volunteers and others more administrative and overhead support. Specifically, the partnership successfully integrated numerous groups within the county concerned about improving the workforce's education, from elementary through early college; worked with numerous organizations to better integrate planning and execution of their programs to educate the local residents and visitors about the historic role of early edentonians in the fight for independence and the creation of the nation and state; and worked with other organizations and visitors to the area by providing information about economic development opportunities, local workforce statistical data and financing opportunities.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -53.5%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 6.63; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $129K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • 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: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.