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MUTINY ISLAND VODKA BY TWIN CITY ISLAND SPIRITS, INC. logo

MUTINY ISLAND VODKA BY TWIN CITY ISLAND SPIRITS, INC.

Operating

Twin City Island Spirits, Inc.

Alcohol · Christiansted, VI · Founded 2018

Better cocktails. better planet

Post-money valuation
$19.8M
As of Dec 2024 · from Mutiny Island vodka by Twin City Island Spirits, Inc. Common Stock 2 · pre-money + amount raised, not a traded price
Total raised
$1,773,494
Across 2 rounds since 2024
Latest share price
$5.10
Mutiny Island vodka by Twin City Island Spirits, Inc. Common Stock 2 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$921K
−$512K
2021
$1.2M
−$1.2M
2022
$1.4M
−$1.2M
2023
$1.2M
−$1.6M
2024
$1.2M
−$1.7M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$920,689
$1,163,398
$1,447,474
$1,235,834
$1,236,936
Cost of goods sold
$351,543
$511,163
$631,381
$540,484
$530,472
Gross margin
62%
56%
56%
56%
57%
Net income
-$512,163
-$1,249,201
-$1,248,555
-$1,593,269
-$1,721,481
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$60,264
$322,365
$979,922
$109,143
$34,532
Accounts receivable
$99,536
$132,781
$194,444
$0
$251,372
Total assets
$3,077,254
$2,979,126
$2,763,872
$2,854,458
$2,934,990
Short-term debt
$748,145
$460,787
$392,787
$301,161
$457,038
Long-term debt
$2,638,111
$2,576,542
$3,665,473
$0
$4,999,376
Total liabilities
$3,386,256
$3,037,329
$4,058,260
$301,161
$5,456,414
Other
Headcount
23
23
23
23

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$19.1M
post-money
$19.8M
post-money
Mutiny Island Vodka by Twin City Island Spirits, Inc. Common Stock 1
Mutiny Island vodka by Twin City Island Spirits, Inc. Common Stock 2

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Mutiny Island vodka by Twin City Island Spirits, Inc. Common Stock 2ClosedReg CF · Common Equity · via StartEngine
Raised $664.1K / $3.9MInvestors 499Post-money $19.8M
Mutiny Island Vodka by Twin City Island Spirits, Inc. Common Stock 1ClosedReg CF · Common Equity · via StartEngine
Raised $1.1M / $5MInvestors 624Post-money $19.1M

Team

9 people
Todd Allen Manley
CEO & Board Member

Todd Allen Manley Todd has been honored to receive numerous awards from "Chef of the Year" to multiple recognitions of his restaurants as the "best" in several categories, and nominated for an Elby Award in 2012 as a restaurant visionary. He has largely been self-employed his entire life, loving the challenge of taking ideas out of thin air and turning them into tangible, profitable realizations. He is a graduate and former graduate school student of Virginia Commonwealth University. Since making the USVI his home, he has opened 5 successful businesses in a short four years, continually reinvesting in Christiansted and the USVI effectively helping pull up the town by reinvigorating interest in Christiansted during an economically gloomy period of time. In 2015, the community honored him through the Chamber of Commerce awarding him "Business Man of the Year.” The same year he received the U.S. Congressional Award for contributions to community and betterment of society for his achievements and helping the community of St. Croix. His commitment to better the global community through his work with breadfruit and the breadfruit community resulted in being honored at the Global Breadfruit Summit in Hawaii in both 2018 and 2022 for contributions to the community and innovation. Mutiny Island Vodka also received an endorsement from a charity, Trees That Feed Foundation for using breadfruit as a substrate incentivizing the planting of breadfruit trees. When he has free time, he can be found with his wife from Dominica, playing guitar, scuba diving, or on a beach! Todd works approximately 70-80 hours per week in his roles with Mutiny Island Vodka and approximately 1/2 hour per week as a founding Member of Smorrebrod, LLC.

Michael John Fennessy
Board Member and Chief Financial Officer

Financial & Operations Executive Experienced in Oil and Gas and Manufacturing. Reputation for streamlining systems to increase productivity and effectiveness. Diverse background in finance, accounting, tax, procurement, supply chain, process improvement and information technology. Accomplished management of mergers and acquisitions. Recognized ability to focus on financial and operations leadership to reach strategic goals. History of implementing effective controls and guiding teams through complicated change processes.

Shannon Manns
COO

Shannon Manns is the Chief Operating Officer of Sion Farm Distillery/Mutiny Island Vodka, where she is responsible for overseeing the company's day-to-day operations and driving strategic initiatives to enhance efficiency and growth. With over 25 years of experience in hospitality and food and beverage operations, she brings a wealth of knowledge in operational excellence, team leadership and building relationships. Before joining Sion Farm Distillery/Mutiny Island Vodka, Shannon held leadership positions at American Airlines, where she oversaw the food and beverage operation in over 50 airport lounges worldwide. During her time at American, Shannon successfully implemented (2) 4-year supplier contracts tied to American’s KPI program. She also owned her own nightclub and had various leadership roles with the Los Angeles Dodgers and Arizona Cardinals. She holds a degree in Business from California State University, Long Beach and believes in fostering a collaborative culture that empowers teams to innovate and excel. In her role, Shannon focuses on optimizing processes, enhancing customer experience, and ensuring that Sion Farm Distillery/Mutiny Island Vodka continues to be a pillar in the St. Croix community. Outside of work, her passions include cooking, snorkeling, ocean conservation and volunteering with dog rescue organizations.

Liza Herth
Head of Marketing

Liza Herth leads our marketing strategy by scaling digital engagement, driving revenue, and creating high-impact sales tools. She led our previous StartEngine marketing campaign, raising over $1.1M—all while passionately advocating for breadfruit and fostering Mutiny’s growth.

Christopher Eldridge Richeson
Board Member / Secretary / Production Consultant

Chris is the mad scientist behind MUTINY Island Vodka. Chris has over 15 years of distilling experience and is the CEO, owner, and operator of Chesapeake Bay Distillery. He is a Gold Medal Winning Master Distiller whose mission has always been to produce the cleanest spirits possible. This attention and commitment to quality has led to multiple double gold medals and happy patrons around the world. His experience in the distillation, sales, and distribution of spirits are invaluable to the startup and success of TCIS. At Chris' Chesapeake Bay Distillery, he produces various types of spirits through the unique "Swiss Army Knife" hybrid still. Besides MUTINY Island Vodka, he distills other vodkas, whiskey, rum, liquors, and even tequila. He currently produces over 300,000 bottles per year. Chris also has a background in automation and process control engineering.

David Alan Johnson
Board Member

David Johnson was Salutatorian of the 1991 graduating class of Appling County High School in Baxley, Georgia. He attended the University of West Georgia where he was active and held leadership roles in several student organizations including Kappa Sigma Fraternity and Student Government Association. He was Honors Program Freshman Student of the Year and was named Greek Man of the Year and Homecoming King in his Senior year. He earned an Associate degree in Computer Science and a Bachelor's degree in Management and Business Information Systems. He continued his education at Georgia State University in Atlanta where he earned an MBA with a Computer Information Systems concentration. He moved to St. Croix in 2009 and started a management consulting and analytics company. He is an investor, entrepreneur, and philanthropist. He is married with 2 children.

Mahlon Charles Kennicutt II
Board Member

Professor Emeritus Texas A&M University. BS Chemidtry, PhD Oceanography

Michael Lynn Lintner
Board Member

Mike Lintner has a diverse marketing history of successes in the world of distilled spirits, retiring as Vice President of Strategic Planning and New Product Development at Jim Beam Brands Co. Mike is responsible for the introduction of the Small Batch Bourbon Collection: Booker’s, Basil Haden, Knob Creek and Baker’s Bourbons, helping raise the profile, quality, and value of an entire category. A success that continues to impact the global spirits market to this day. Mike was also a member of the core team responsible for the initial rollout of Corona Beer, managing an allocation strategy driven by celebrity endorsement.

Stacey Allen Pinkerd
Board Member

Stacey Pinkerd is a retired corporate executive who specialized in the payments industry. He most recently worked for Visa Inc. for 19 years where he served as Head of Product management, responsible for product marketing, strategy and development. Mr. Pinkerd is a board member of Twin City Island Spirits, maker of Mutiny Island Vodka. He has an MBA from Babson College, Massachusetts, and a BBA from Texas A&M Corpus Christi, Texas.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 3 annual reports (FY2023–FY2025)

624 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARApr 29, 20260001778032-26-000002
    EDGAR
  • Form DFeb 10, 20260001778032-26-000001
    EDGAR
  • Form C-UDec 1, 20250001778032-25-000005
    EDGAR
  • Form C/ASep 29, 20250001778032-25-000004
    EDGAR
  • Form C/AJul 28, 20250001665160-25-001328
    EDGAR
  • Form C/AApr 29, 20250001665160-25-000805
    EDGAR
  • Form C-ARApr 29, 20250001665160-25-000806
    EDGAR
  • Form C/AFeb 28, 20250001665160-25-000333
    EDGAR
Source: ManualCIK 0001778032U.S. Virgin IslandsShare price $5.10

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.