Towngreen Inc

Nonprofit profile at a glance

EIN
874054939
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Gloucester, MA, USA
Phone
9784687338
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Environmental Education and Outdoor Survival Programs

Official website

Reported finances

Revenue
$192,768
Expenses
$189,834
Assets
$98,444
Liabilities
$1,750

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

Leadership & pay

6 people listed

Executive titles in this filing

  • RICHARD PROUTY (PRESIDENT)
  • JAYNE KNOTT (VICE PRESIDENT)

People named in this filing

  • RICHARD PROUTY (PRESIDENT)
  • JAYNE KNOTT (VICE PRESIDENT)
  • GREG FEDERSPIEL (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

To act as a catalyst in assisting the greater cape ann region in becoming a vibrant and inclusive model of sustainability that is fossil fuel free and prepared for the impacts of climate change

What it reported doing in 2024

Towngreen provides microgrants to the regions high schools to support climate and environmental projects in the schools, such as a birdhouse project to encourage nesting birds to return to the grounds of gloucester high school, restarting the greenhouse at rockport high school, and purchasing seedlings for a vegetable garden in the spring, with a projected harvest in september.

Operating model

Revenue model
Donor-supported. 96% 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

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: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.9%; rating input score 84
  • Program expense ratio: 85.1%; rating input score 85

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: 1.5%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 45.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 27.6% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 39.6% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 83.9% of revenue deployed · 85.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $162K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 39/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.