Towncreek Vision Corporation
Nonprofit profile at a glance
- EIN
- 561791574
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Winnabow, NC, USA
- Phone
- 8036090823
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Neighborhood Centers
Reported finances
- Revenue
- $144,627
- Expenses
- $63,104
- Assets
- $65,255
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- WILLIE SLOAN (PRESIDENT)
People named in this filing
- WILLIE SLOAN (PRESIDENT)
- META JACKSON (TREASURER)
- CHRIS BEATTY (SECRETARY)
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
To provide a better future for youth and senior citizens in and around the towncreek, leland and northern brunswick county, nc
What it reported doing in 2024
Food bank
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 20
- Transparency & Controls: 82
- Sustainability: 69
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.1%; rating input score 21
- Program expense ratio: 18.2%; rating input score 18
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 56.4%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 88.1% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: -28.4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 21.1% of revenue deployed · 18.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 21/100.
- High — Financial Efficiency: Program expense ratio scored 18/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.