Microtek Inc

Rating from Charity Navigator: 56%, One-Star out of Four Star rating.

Microtek Inc has received a low rating of 56% from Charity Navigator, indicating concerns regarding its overall financial health and accountability practices. While the organization excels in areas such as having an entirely independent board and effective oversight committees, it struggles significantly with its financial ratios, particularly the liabilities to assets ratio and program expense ratio, which raises questions about its operational efficiency.

The organization demonstrates strong governance policies, including a conflict of interest policy and a whistleblower policy, as well as transparency in board meeting minutes. However, the absence of required financial statements on its website is a significant drawback, impacting its credibility and trustworthiness in the eyes of potential donors and stakeholders.

Overall, while Microtek Inc shows strengths in governance and transparency, its financial performance and the lack of readily available financial documents leave much to be desired. This combination of factors contributes to its low rating and suggests that potential supporters should exercise caution when considering their involvement.

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

Microtek Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Microtek Inc 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: $158,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $684,246

For more financial information, click here

Official website here: www.microtek-cables.com