Vecinos Inc
Nonprofit profile at a glance
- EIN
- 571192063
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Franklin, NC, USA
- Phone
- 8282932274
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Health Program (Includes General Health and Wellness Promotion Services)
Reported finances
- Revenue
- $4,717,343
- Expenses
- $3,233,638
- Assets
- $7,628,079
- Liabilities
- $2,207,778
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- KATE RENNER (PRESIDENT)
Highest reported compensation
- MARIANNE MARTINEZ (EXECUTIVE DI): $106,590 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide equitable, culturally centered healthcare and wellness services.
What it reported doing in 2024
Vecinos, inc. Is a nonprofit, free clinic serving uninsured, low-income adults at or below 200% of the federal poverty level in the six western counties and agricultural workers in the eight western counties of North Carolina. Vecinos provides bilingual, integrated primary, behavioral, and social health care through mobile and outpatient clinics and enabling services. In response to hurricane helene, vecinos mobilized immediately to meet the urgent needs of uninsured and low-income residents across the region. Within days, the organization delivered essential supplies to affected individuals, families, and health clinics. During the first two weeks following the hurricane, vecinos hosted multiple health and supply fairs, reaching thousands of residents and distributing over 1 million in donated goods and services. Over the next six months, vecinos continued to raise funds and provide direct financial assistance to those who lost income or required home repairs. In the year since the hurricane, vecinos has also continued working on emergency preparedness and resilience planning inclusive of low-income, uninsured appalachian residents of all cultures and backgrounds. These efforts strengthen community capacity and ensure equitable access to care in future emergencies.
Operating model
- Revenue model
- Donor-supported. 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.8%; rating input score 61
- Program expense ratio: 87.3%; rating input score 87
- Fundraising efficiency: $25.75 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
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; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 31.5%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 2.36; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 28.5% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 29.3% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 35.1% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 60.8% of revenue deployed · 87.3% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $107K · 17 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.