United Way of Wilkes County Inc

Nonprofit profile at a glance

EIN
560942846
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
North Wilkesboro, NC, USA
Phone
3366517800
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$299,106
Expenses
$316,769
Assets
$480,741
Liabilities
$20,059

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

Leadership & pay

18 people listed

Highest reported compensation

  • KINSLEY WALKER (former Exec Director-Board Secy): $25,492 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 WILKES COUNTY IS DEDICATED TO IMPROVING THE LIVES OF OUR CITIZENS BY UNDERWRITING IDENTIFIED PROGRAMS THAT ENHANCE THEIR WELL-BEING THROUGH OUR FIFTEEN PARTNER AGENCIES. THE UNITED WAY OF WILKES COUNTY ANNUALLY IMPACTS OVER 38,000 WILKES COUNTY INDIVIDUALS AND THEIR FAMILIES. COMMUNITY SUPPORT IS CHANNELED INTO TWO CRUCIAL IMPACT AREAS AS IDENTIFIED BY OUR CITIZENS. THOSE AREAS ARE: Hands Up category -Program is designed to assist clients in climbing out of the poverty category and Helping Hands category Program is designed to assist clients who have a crisis situation and help them refrain from falling more or back into that poverty

What it reported doing in 2024

Community problem solving: participates in human service initiatives in the community; for example to establish collaboration among agencies to meet a community need. This program also handles all expenses for the federal emergency management agency process community needs assessment process volunteer and information and referrals to other non-profit agencies. We also provide 2-1-1 services and manage one_time donations from individuals to assist related agencies.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: $7.51 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.9%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -5.2% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -8.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 71.6% of spending went to programs
  • Governance: 16 of 16 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $227K in reported program spending
  • Leadership: top reported pay $25K · 18 people listed
  • Consistency: 44 of 44 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 17 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.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.