ANCHOR RIDGE

EIN: 900855391 501(c)(3) Religion

NORTH WILKESBORO, NC

Total Revenue
$12,756,890
Total Expenses
$12,258,285
Total Assets
$1,073,167
Net Assets
$875,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
JOSHUA PAUL
Phone
3368180995
Tax Period
2024-01-01 to 2024-12-31

ANCHOR RIDGE, founded in 2012, is a mid-sized nonprofit in the Religion sector that reported $12.8M in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $12.3M left a modest 4% surplus.

Mission

TO PROVIDE FOOD, CLOTHING, SUPPLIES AND TOYS TO IMPOVERISHED FAMILIES LIVING THROUGHOUT THE APPALACHIAN MOUNTAINS OF VIRGINIA, KENTUCKY, WEST VIRGINIA, EASTERN TENNESSEE AND WESTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $12,231,681

TO PROVIDE FOOD, CLOTHING, TOYS AND SUPPLIES TO IMPOVERISHED FAMILIES LIVING THROUGHOUT THE APPALACHIAN MOUNTAINS OF VIRGINIA, KENTUCKY, WEST VIRGINIA, EASTERN TENNESSEE AND WESTERN NORTH CAROLINA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,708,528
Program Service Revenue $0
Investment Income $0
Other Revenue $48,362
TOTAL REVENUE $12,756,890

Expense Breakdown

Grants Paid $11,611,042
Salaries & Benefits $258,817
Fundraising Expenses $0
Program Expenses $12,231,681
Other Expenses $388,426
TOTAL EXPENSES $12,258,285

Year-over-Year Comparison

2024 2023 Change
Revenue $12,756,890 $6,285,372 +1.0%
Expenses $12,258,285 $6,382,225 +0.9%
Net Income $498,605 $-96,853 -6.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
14
Volunteers
350

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$127,769
Total Directors
4
$127,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA PAUL PRESIDENT 20.00
Officer Director
$79,692 $0 $79,692
ANDREW SPARKS SECRETARY 20.00
Officer Director
$48,077 $0 $48,077
CATHY CANADAY DIRECTOR 5.00
Director
$0 $0 $0
CHRISTINE WALLER TREASURER 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2024 $12,756,890 $12,258,285 $1,073,167 $498,605
2023 $6,301,372 $6,482,225 $578,579 $-180,853
2023 $6,285,372 $6,382,225 $578,579 $-96,853
2022 $6,931,576 $6,727,974 $547,322 $203,602
2021 $2,661,385 $2,498,752 $514,019 $162,633
2020 $5,342,624 $5,320,834 $353,770 $21,790
2019 $2,415,620 $2,375,888 $337,386 $39,732
2018 $1,059,285 $1,020,660 $46,068 $38,625
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