River Landing at Sandy Ridge Foundation Inc

Nonprofit profile at a glance

EIN
331066629
IRS 990 coverage
2009–2011
Forms available
Form 990 2011
Location
Colfax, NC, USA
Phone
3368866553
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$665,960
Expenses
$513,554
Assets
$3,627,360
Liabilities
$210,956

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

8 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To raise funds for the benefit of river landing at sandy ridge which operates as a public charity (501(c)(3)) in order to assist the retirement community in serving persons who financially otherwise might not be able to reside at the retirement community.

What it reported doing in 2011

River landing at sandy ridge foundation, inc. Provides financial support through grants to river landing at sandy ridge inc., a division of the presbyterian homes, inc. (1 facility).

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 7.06; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 22.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 54.8% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $509K in reported program spending
  • Leadership: top reported pay $185K · 8 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2009 to 2011
  • Money network: 1 filed money-flow record
  • Related organizations: 6 filed related-organization links
  • 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 — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 28/100.