Truth Is One Interfaith Church Inc

Nonprofit profile at a glance

EIN
845109778
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Burnsville, NC, USA
Phone
8285151498
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Interfaith Coalitions
Affiliation
Christianity

Official website

Reported finances

Revenue
$316,502
Expenses
$232,220
Assets
$74,454
Liabilities
$2,064

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Alanna Collins (President)
  • David Hailey (Vice President)

Highest reported compensation

  • Alanna Collins (President): $72,000 total reported compensation
  • David Hailey (Vice President): $27,500 total reported compensation

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

Overview

Mission

The organization provides regular worship services, community outreach and service programs, and prayer and community-building activities that promote spiritual growth, humanitarian support, and community well-being.

What it reported doing in 2024

In response to Hurricane Helenes impact on Western North Carolina, Truth is One Interfaith Church organized disaster relief and recovery programs serving hundreds of affected residents. The Church coordinated volunteer crews for home and property cleanup, operated equipment for debris removal from residential areas and waterways, and distributed essential supplies such as food, clothing, and fuel. These efforts provided thousands of hours of community recovery work consistent with the Churchs mission of compassionate service.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 84% 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. 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: 35
  • Transparency & Controls: 81
  • Accountability: 45
  • Sustainability: 48
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.5%; rating input score 35
  • Program expense ratio: 47.1%; rating input score 47
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Pass
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 26.6%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 42.8%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 34.5% of revenue deployed · 47.1% of spending went to programs
  • Governance: 1 of 3 board members independent · 5 of 8 filing controls reported
  • Programs: 7 filed program accomplishments · $109K in reported program spending
  • Leadership: top reported pay $72K · 3 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes foreign activity and grants
  • 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 — Financial Efficiency: Mission deployment rate scored 35/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.