Tryon Downtown Development Associat

Nonprofit profile at a glance

EIN: 311682144
IRS 990-EZ coverage: 2009–2024
Forms available: Form 990-EZ 2024, Form 990-N 2013
Location: Tryon, NC, USA
Phone: 8288597684
Rating: 66
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Historical Societies, Related Historical Activities

Reported finances

Revenue: $111,855
Expenses: $100,735
Assets: $122,048
Liabilities: $6

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

Leadership & pay

11 people listed

Executive titles in this filing

KEVIN PARKER (PRESIDENT)

People named in this filing

KEVIN PARKER (PRESIDENT)
DENNY CROWE (VICE PRESIDE)
WANDA MAY (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 enhance the downtown area of tryon, North Carolina.

What it reported doing in 2024

To support & promote the cultural activities in downtown tryon for the benefit of the general citizenry

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 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

SUPPORTED - The filed numbers largely add up and revenue 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: 55
Transparency & Controls: 82
Sustainability: 60
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 55.5%; rating input score 55
Program expense ratio: 54.5%; rating input score 54

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 9.9%; rating input score 58; 58th percentile among comparable filings
Total-asset coverage ratio: 1.21; rating input score 66; 66th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: -0.5% per year; rating input score 0; 28th percentile among comparable filings
Revenue growth: 2.5% per year; rating input score 100; 34th percentile among comparable filings
Asset growth: 10.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

Where the money goes: 55.5% of revenue deployed · 54.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 3 filed program accomplishments · $55K in reported program spending
Leadership: top reported pay $0 · 11 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 11 filing years from 2009 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.

Review — Financial Efficiency: Mission deployment rate scored 55/100.
Review — Financial Efficiency: Program expense ratio scored 54/100.
High — Growth: Program expense growth scored 0/100.
Review — Sustainability: Operating margin scored 58/100.
Review — Sustainability: Liabilities to assets ratio scored 53/100.