Chebeague Transportation Co

Charity Navigator Rating: 76% (Three-Star out of Four Stars)

Chebeague Transportation Co has earned a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The overall score is based entirely on their accountability metrics, where they achieved a score of 76%. The organization demonstrates strength in governance, with a fully independent board, comprehensive policies for conflict of interest and whistleblower protections, and proper documentation of board meeting minutes.

Among the positive aspects, Chebeague Transportation Co shows exemplary performance in areas like program expense ratio, where 79.80% of its expenditures are directed towards its programs. Additionally, there are no reported material diversions of assets, which suggests a high level of fiscal responsibility. Their website's inclusion in tax documents also reflects transparency.

However, the organization has a liabilities to assets ratio of 56.47%, which is a notable concern. While they are effectively using their assets, a higher ratio could indicate potential financial strain. Overall, while Chebeague Transportation Co scores well in accountability and governance, monitoring their financial health would be advisable for potential supporters.

This AI summary has been generated from information found on Charity Navigator.

Chebeague Transportation Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chebeague Transportation Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $103,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,576

For more financial information, click here

Official website here: www.chebeaguetrans.com