New River Community Action Inc

Nonprofit profile at a glance

EIN
540793072
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Radford, VA, USA
Phone
5406335133
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$8,867,975
Expenses
$8,898,162
Assets
$4,271,140
Liabilities
$1,818,629

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

Leadership & pay

20 people listed

Executive titles in this filing

  • JENNIFER SMITH (CEO)

Highest reported compensation

  • MICHELLE COX (CFO/FINANCE DIRECTOR): $102,633 total reported compensation
  • JENNIFER SMITH (CEO): $95,346 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nrca's mission is to promote and support the well-being and self-reliance of individuals, families, and communities. Established in 1965, the agency works in the new river valley of Virginia to empower local communities to recognize and alleviate their own poverty conditions. Nrca serves approximately 12,000 low-income individuals per year through a variety of innovative programs.

What it reported doing in 2024

Head start provides comprehensive developmental services to eligible preschool children and their families. Family focused services emphasize education, nutrition, parent engagement, social services and preventive health care. Children's health improvement partnership (chip) provides access to health care for pregnant women and children age birth to six. A nurse and family case manager home visiting team offer parent education and support to help families move toward self-sufficiency. Homeless and housing programs prevent and alleviate homelessness through temporary financial assistance, renter education workshops, housing counseling, and administer housing vouchers. Emergency assistance/food pantries program provides temporary assistance for basic needs such as food, shelter, clothing and prescriptions. Floyd backpack program provides weekend food for eligible school children. Virginia community action reentry system (va cares) assists exoffenders with job readiness training, job search and support groups to assist with successful reintegration into society. Volunteer income tax assistance (vita) provides free tax preparation to low income families for potential increase in annual income through tax credits. To our house partners with faith-based organizations to provide temporary shelter for homeless men and women during winter months. Two gen/whole family-whole family approach is a goal-oriented approach using family-centered coaching as the foundation. Whole family approach serves giles and pulaski families. New river valley recovery ecosystem is a collaborative regional program that provides comprehensive services for active use and recovery, including treatment, prevention, and harm reduction resources.

Operating model

Revenue model
Grant-funded. 82% 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.
  • 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 83.8%; rating input score 84
  • Fundraising efficiency: $82.74 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

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; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.3%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 84.1% of revenue deployed · 83.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.5M in reported program spending
  • Leadership: top reported pay $103K · 20 people listed
  • Consistency: 37 of 37 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 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 — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.