Kinnelon Hockey Club Inc

Charity Navigator Rating: 58% (One-Star out of Four Stars)

The Kinnelon Hockey Club Inc has received a low rating of 58% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in key areas, such as board independence and financial transparency, which are crucial for maintaining trust with donors and stakeholders. Although it performed well in maintaining low liabilities and prioritizing program expenses, the lack of an independent board and other governance policies raises red flags.

Strengths noted include a solid program expense ratio of 87.23%, suggesting that the majority of its funds are directed towards program services rather than administrative costs. Additionally, the charity has shown a commitment to certain governance principles, evidenced by its conflict of interest policy. However, the absence of a whistleblower policy and issues with financial statement access contribute to a lack of overall financial health and accountability.

While the club's focus on funding programmatic efforts is commendable, the overall governance deficiencies could limit its effectiveness and sustainability. Potential donors and supporters may want to exercise caution and seek further information on the organization's operations before contributing.

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

Kinnelon Hockey Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kinnelon Hockey Club 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: $155,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.coltsicehockey.com/