Legacy Waterbury Hospital Inc

Charity Navigator Rating: 65% (Two-Star out of Four Stars)

Legacy Waterbury Hospital Inc has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance score. The organization demonstrates strong governance through having a fully independent board, but it struggles in areas such as financial transparency and the absence of key policies, which significantly impacts its overall score.

One of the strengths of Legacy Waterbury Hospital is its high program expense ratio of 93.16%, indicating that a substantial portion of its resources is directed towards its mission. Additionally, the organization has a low liability to assets ratio of 60.53% and a favorable working capital ratio of 0.72 years, suggesting a sound financial position in terms of current liabilities and operational efficiency.

However, the nonprofit faces notable limitations in financial reporting, as it has not provided financial statements for review, which has severely affected its score. Other missing policies, such as a whistleblower policy and document retention guidelines, raise concerns about transparency and governance. While the organization shows a commitment to its mission, addressing these gaps will be crucial for improving its overall rating and public trust.

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

Legacy Waterbury Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Waterbury Hospital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.none