United Way of Forsyth County Inc

Nonprofit profile at a glance

EIN
237357234
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Winstonsalem, NC, USA
Phone
3367233601
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,587,732
Expenses
$10,763,705
Assets
$5,251,918
Liabilities
$11,892,161

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

Leadership & pay

36 people listed

Executive titles in this filing

  • ANTONIA MONK RICHBURG (PRESIDENT &)

Highest reported compensation

  • ANTONIA MONK RICHBURG (PRESIDENT &): $271,837 total reported compensation
  • BILL STONE (CFO): $204,782 total reported compensation
  • STEPHEN SILLS END OCTOBER (CHIEF IMPACT): $145,255 total reported compensation

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

Overview

Mission

United way of forsyth county is a catalyst for strengthening our community by identifying and addressing its most significant needs through alignment of resources and strategic partnerships to achieve measureable, lasting impact.

What it reported doing in 2024

The forsyth promise facilitates education-focused collaborative, community-wide planning and action. We provide a framework to help all community stakeholders work effectively together toward the goal of improved educational outcomes for forsyth county's students from cradle to career. Our core values are education equity, inclusive stakeholder engagement, and data-driven decision making. The winston-salem poverty thought force is a community wide collaboration spearheaded by the city of winston-salem to identify steps both feasible and impactful to reduce the number of residents living in poverty. The poverty thought force was formed in october 2015 and comprises 22 members representing a broad range of winston-salem's civic and academic insititutions. The poverty thought force has five subcommittees that focus on various aspects of poverty, including health and wellness, housing and homelessness, jobs and workforce development, education and life skills, and hunger and food insecurity.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 65% for direct work, 34% for grants, and 1% for affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 73
  • Accountability: 98
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: $9.16 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 81.9%; rating input score 82; 22nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.9%; rating input score 97; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 2.26; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: -7.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -11.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -11% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 81.7% of spending went to programs
  • Governance: 31 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.8M in reported program spending
  • Leadership: top reported pay $272K · 36 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 34 filed money-flow records
  • Related organizations: 30 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.