Four County Electric Care Trust Inc
Nonprofit profile at a glance
- EIN
- 561942053
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- Burgaw, NC, USA
- Phone
- 9102592171
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $163,411
- Expenses
- $130,290
- Assets
- $267,828
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- HANNAH MABE (ADMINISTRATOR)
- CHARLES WOOTEN (VICE CHAIRMAN)
- WADE WARD (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's exempt purpose is to accumulate funds through "operation round-up and disburse these funds for charitable purposes in bladen, columbus, duplin, onslow, pender, and sampson counties of North Carolina. Operation round-up is a program through which residents of these counties elect to have their four county electric membership corporation utility bills rounded up to the next highest dollar. Disbursements are made for such essential needs as food, shelter, clothing, and health needs. Assistance is also made available in response to natural disasters.
What it reported doing in 2024
Through operation round-up, families and individuals in crisis situations were served by providing for essential needs. Also, 11 community service organizations that provide services to the residents of the 6 nc counties that we serve received grants.
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 100% of its reported program spending out as grants.
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.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 82
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70%; rating input score 70
- Program expense ratio: 87.8%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20.3%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 2.06; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -1.3% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 16.2% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 70% of revenue deployed · 87.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $114K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- 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.
- High — Growth: Program expense growth scored 0/100.