Nassau Academy Of Medicine

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating. The Nassau Academy of Medicine has received a low score due to significant shortcomings in its accountability and finance practices. While it boasts a fully independent board and has not reported any material diversion of assets, the organization lacks essential policies and transparency measures that are crucial for nonprofit governance.

Key strengths include having 100% independent board members and maintaining proper documentation of board meeting minutes. However, the organization has numerous areas of concern, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, critical documents such as the website link on the tax form and tax forms posted on its website are missing, which raises transparency issues.

Financially, the organization shows a concerning program expense ratio of only 19.68%, indicating that a minimal portion of its expenses is directed towards program activities. The liabilities to assets ratio is also strikingly low at 0.08%, suggesting potential financial instability. Overall, these factors contribute to the nonprofit's low rating and highlight the need for improvements in governance and fiscal responsibility.

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

Nassau Academy Of Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nassau Academy Of Medicine 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: $61,449

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