Tri-county Industries Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Tri-county Industries Inc is a 501(c)(3) organization based in Rocky Mount, North Carolina, registered in 1967, with $3,872,722 in FY2024 revenue. CharityIndex grades it B.
1250 Atlantic Ave, Rocky Mount, NC, 27801 EIN 56-0859662 Since 1967
Revenue (FY2024)
$3.9M
▼ 20.5% vs prior year
Expenses (FY2024)
$3.5M
Net assets
$6.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tri-county Industries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tri-county Industries Inc: 23 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tri-county Industries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tri-county Industries Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1250 Atlantic Ave, Rocky Mount, NC, 27801
- City
- Rocky Mount
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $3.5M (FY2014) to $3.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $858KNet assets $6.7M
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.6M
Total liabilities
$858K
Net assets
$6.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,872,722▼20.5% | $3,465,973▲5.9% | $6,734,937▲13.9% | $7,593,400▲15.1% | 990 |
| 2023 | $4,869,263▲76.4% | $3,273,520▲19.6% | $5,914,331▲50.9% | $6,598,063▲51.9% | 990 |
| 2022 | $2,759,644▲0.5% | $2,736,965▲20.3% | $3,918,371▲6.3% | $4,343,580▲6.2% | 990 |
| 2021 | $2,747,218▼36.1% | $2,275,065▼8.1% | $3,685,496▼6.0% | $4,090,641▼8.0% | 990 |
| 2020 | $4,296,291▲30.2% | $2,475,999▼21.8% | $3,921,784▲50.0% | $4,445,060▲11.4% | 990 |
| 2019 | $3,299,227▼11.4% | $3,166,206▼6.3% | $2,614,231▼6.1% | $3,991,691▲23.1% | 990 |
| 2018 | $3,723,576▲7.9% | $3,380,838▲3.7% | $2,783,141▲17.1% | $3,242,394▲8.9% | 990 |
| 2017 | $3,452,376▼18.6% | $3,261,333▼2.4% | $2,377,569▲9.3% | $2,977,489▲4.8% | 990 |
| 2016 | $4,240,979▲21.1% | $3,340,029▼7.8% | $2,175,476▲62.8% | $2,839,812▲32.5% | 990 |
| 2015 | $3,503,344▼0.4% | $3,622,996▲1.5% | $1,336,665▼9.7% | $2,143,678▼8.7% | 990 |
| 2014 | $3,518,904 | $3,571,191▲12.1% | $1,479,508▼1.6% | $2,348,997▲8.8% | 990 |
| 2012 | — | $3,186,633 | $1,503,713 | $2,158,769 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $77K total
5 grants to Tri-county Industries Inc totaling $77K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Community Foundation Inc | Employment (employment preparation & procurement) | 2023 | $5,500 |
| National Christian Charitable Foundation | Growth | 2018 | $250 |
| Foundation For the Carolinas | Charitable gift | 2017 | $50,000 |
| North Carolina Community Foundation Inc | Human services | 2017 | $8,750 |
| North Carolina Community Foundation Inc | Human services | 2016 | $12,700 |
Frequently asked questions
- Is Tri-county Industries Inc a legitimate nonprofit?
- Yes. Tri-county Industries Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0859662, based in Rocky Mount, North Carolina. Donations are tax-deductible.
- What is Tri-county Industries Inc's EIN?
- Tri-county Industries Inc's Employer Identification Number (EIN) is 56-0859662.
- How much revenue does Tri-county Industries Inc report?
- Tri-county Industries Inc reported $3,872,722 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tri-county Industries Inc have?
- CharityIndex grades Tri-county Industries Inc B, based on financial health (reserves and operating margin).
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Data for Tri-county Industries Inc (EIN 56-0859662) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.