Mystic Valley Railway Society Inc

Charity Navigator Rating: 36%

The Mystic Valley Railway Society Inc has received a low score of 36%, resulting in a Zero-Star out of Four Star rating. This reflects significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board with no material diversion of assets, its overall financial health is questionable, particularly highlighted by its poor program expense ratio.

The organization has strengths in governance, such as having a majority of independent board members and maintaining transparent board meeting minutes. However, the absence of key policies, including conflict of interest and whistleblower protections, raises red flags about governance practices. Furthermore, the organization has not effectively utilized its assets, as indicated by a liabilities-to-assets ratio of 0.00%, which suggests a lack of financial stability and sustainability.

Overall, while the Mystic Valley Railway Society demonstrates some positive governance aspects, its overall accountability and financial management practices are lacking. Potential donors and supporters should carefully consider these factors before engaging with the organization.

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

Mystic Valley Railway Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mystic Valley Railway Society 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: $0

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Official website here: www.mysticvalleyrs.org