Mansfield Hose Company Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 61%)

Mansfield Hose Company Inc has received a Two-Star rating, indicating a need for improvement in its operational practices and financial transparency. While the organization boasts a strong accountability and finance score of 61, it has significant weaknesses in areas such as policy documentation and program expense management. The lack of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance practices.

The organization demonstrates some strengths, particularly in having a fully independent board, which has been rated positively with full points. Additionally, there are no reported issues with material diversion of assets, and the liabilities to assets ratio stands at a commendable 0.00%. However, the program expense ratio of 60.52% suggests that a substantial portion of funding is not being directed towards core programs, which could impact the effectiveness of their services.

Overall, while Mansfield Hose Company Inc has made strides in governance with its fully independent board and sound financial liabilities, it must address the missing policies and improve its program expense allocation to enhance its operations and better serve its community.

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

Mansfield Hose Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mansfield Hose Company 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: $1,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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