Spectrum Health Care Inc

Charity Navigator Rating: 86% (Three-Star out of Four Star rating)

Spectrum Health Care Inc has earned an 86% score from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is significant as it indicates that the organization effectively manages its financial practices, with a focus on transparency and governance. The charity scores particularly well in areas such as board independence and financial oversight, which are critical for maintaining trust with donors and stakeholders.

The organization boasts a majority independent board, with 80% of its members meeting this criterion, and has a well-structured audit and oversight committee. Additionally, it has demonstrated an excellent practice of documenting board meeting minutes and adhering to conflict of interest policies. With a solid liabilities to assets ratio of 5.60%, Spectrum Health Care Inc appears to maintain a healthy financial standing.

However, while the charity's program expense ratio stands at 67.03%, which shows a significant portion of funds are directed towards its programs, this aspect may slightly limit its overall score. Although commendable, there is room for improvement in maximizing the efficiency of program expenditures. Overall, the organization demonstrates a strong commitment to accountability and responsible financial management.

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

Spectrum Health Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Health Care 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: $3,010,960

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