Kings Mountain Forward Inc

Nonprofit profile at a glance

EIN
043733334
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2011, Form 990-EZ 2024, Form 990-N 2022
Location
Kings Mountain, NC, USA
Phone
7047390771
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$125,028
Expenses
$113,692
Assets
$136,059
Liabilities
$2,076

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • David Stone (President)
  • Vicki Thompson (Vice President)
  • Loretta Cozart (Executive Director)

People named in this filing

  • David Stone (President)
  • Vicki Thompson (Vice President)
  • Mary Grace Keller (Treasurer)

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

Build a community of citizens and business leaders who advocate for Kings Mountain as a place to live work, play, shop, explore, and invest. And to promote the economic, social, and cultural

What it reported doing in 2024

Economic Development and Marketing

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
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. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.9%; rating input score 91
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 9.1%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 71.3% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 90.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $114K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 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.

  • Review — Sustainability: Operating margin scored 56/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.