Tremont Monterey Day Care Center Inc

Charity Navigator Rating 77% - Three-Star out of Four Star rating

Tremont Monterey Day Care Center Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 77% based solely on its Accountability & Finance performance. This rating indicates a solid level of transparency and responsible financial practices, essential for maintaining trust with donors and stakeholders.

The organization demonstrates strong governance with a fully independent board and effective oversight mechanisms, including an audit and oversight committee. Additionally, it has robust policies in place, such as a conflict of interest policy and a whistleblower policy, which enhance its accountability. The program expense ratio is notably high at 98.25%, suggesting that the majority of its expenditures go directly towards its programs.

However, the organization faces challenges in its liabilities to assets ratio, scoring 0 out of 15 points, which may raise concerns about its financial stability. Despite this limitation, the overall governance and financial accountability practices contribute positively to its reputation and operational effectiveness.

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

Tremont Monterey Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tremont Monterey Day Care Center 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: $770,760

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