Lester I Beal Memorial Hospital Fund

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

The Lester I Beal Memorial Hospital Fund has received a low rating of 56%, indicating concerns regarding its accountability and financial practices. With no independent board members and missing essential documents such as meeting minutes and tax forms on its website, the organization shows significant areas for improvement in governance and transparency.

Despite these shortcomings, the Fund does demonstrate some positive attributes, such as a solid program expense ratio of 63.74% and a favorable liabilities to assets ratio of 0.00%. This suggests that while the organization is allocating a considerable portion of its funds towards its programs, it needs to enhance its oversight mechanisms and public accountability to build trust with potential donors and stakeholders.

Furthermore, the presence of a conflict of interest policy and proper document retention practices indicates some level of organizational structure. However, the absence of critical policies like a whistleblower policy raises further concerns about the internal governance of the charity. Overall, while there are strengths in terms of financial management, significant governance issues need to be addressed for the organization to improve its rating and public standing.

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

Lester I Beal Memorial Hospital Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lester I Beal Memorial Hospital Fund 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: $13,031
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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