Kingsport Press Cu
Nonprofit profile at a glance
- EIN
- 626041453
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Kingsport, TN, USA
- Phone
- 4233789292
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,562,539
- Expenses
- $3,927,628
- Assets
- $92,729,400
- Liabilities
- $77,985,862
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Walter Salyers (President/CEO)
Highest reported compensation
- Walter Salyers (President/CEO): $115,703 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Form 990, Page 1, Part 1, Line 1
Operating model
- Revenue model
- Other-operating. 81% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 80
- Accountability: 90
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29.4%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 23.61; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.84; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 6200 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $116K · 8 people listed
- Highest-paid contractors: 3 contractors listed · $533K reported
- Consistency: 10 of 12 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.