Luther Oaks Inc

Charity Navigator Rating: 1-Star out of Four Stars (51%)

Luther Oaks Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 51%, the organization shows weaknesses particularly in governance, as only 33% of its board members are independent. Additionally, the nonprofit lacks vital financial statements which contributes to a lack of transparency.

Despite these challenges, Luther Oaks Inc demonstrates a commendable commitment to its program expenses, with an impressive program expense ratio of 85.86%. This suggests that a substantial portion of its budget is directed towards fulfilling its mission rather than administrative costs. Positive policies such as conflict of interest and whistleblower protections are in place, which indicates some level of organizational integrity.

However, the absence of crucial financial documentation raises red flags for potential donors and stakeholders. The organization's liabilities to assets ratio is also concerning at 148.12%, further highlighting financial instability. Overall, while there are some strengths in program management, the significant governance and financial transparency issues warrant caution for potential supporters.

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

Luther Oaks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Oaks 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: $3,765,346

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Official website here: www.lutheranlifecommunities.org