Greater Torrington Family Dev Ctr

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)

The Greater Torrington Family Development Center has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial transparency. While the organization benefits from a fully independent board, achieving a perfect score in that area, it struggles significantly in others, particularly in maintaining and sharing its financial statements, which received no points.

Despite these weaknesses, the nonprofit demonstrates a strong commitment to its programming, evidenced by a high program expense ratio of 90.72%. This indicates that most of its resources are dedicated to its mission-driven programs, a positive aspect that suggests effective use of funds towards service delivery. However, the lack of transparency regarding financial documentation and policies raises concerns about governance and oversight.

Additionally, important policies such as conflict of interest, whistleblower protection, and document retention are missing, which can hinder accountability and trust among stakeholders. Overall, while the organization is focused on its mission, improvements in its financial reporting and policy implementation are essential for building credibility and ensuring long-term operational sustainability.

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

Greater Torrington Family Dev Ctr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Torrington Family Dev Ctr 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: $46,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $509,577

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