Twin Villages Alliance
Nonprofit profile at a glance
- EIN
- 454543067
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Damariscotta, ME, USA
- Phone
- 2073809165
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $53,880
- Expenses
- $13,207
- Assets
- $45,656
- Liabilities
- $161,623
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- FREDERICK BREWER (PRESIDENT)
- JOHN ROBERTS (VICE PRESIDENT)
People named in this filing
- FREDERICK BREWER (PRESIDENT)
- JOHN ROBERTS (VICE PRESIDENT)
- NICOLE KIMBALL (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the tvda is to collaborate and coordinate effectively across the public, private and social sectors of the community to enhance the communities well being and sustainability in the twin villages of damariscotta and newcastle. The organization seeks to accomplish this goal by bringing together all of the stakeholders in the community, (the towns of damariscotta and newcastle, the local community, educational institutions, local businesses and non-profit organizations) to improve communication and sustained diverse growth within the two towns. Twin villages downtown alliance strives to inform and educate the public about current activities that the twin villages of damariscotta and newcastle are undertaking in an unbiased and informing manner. We host public information sessions to convene stakeholders for various dialogues, email community members information submitted by the towns to coordinate efforts to improve the community as a whole. Our goal is to make sure that an
What it reported doing in 2024
In 2023 the twin villages downtown alliance worked to improve communication with the towns of damariscotta and newcastle and the members of the local community. We coordinated various discussions related to the changes within the towns of damariscotta and newcastle. We also helped to coordinate events within the twin villages including a map for cyclists visiting the twin villages.
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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 65
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.5%; rating input score 25
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 75.5%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 3.46; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 3.54; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: 24.5% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- 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 25/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.