Tampa Bay Heat Inc

Charity Navigator Rating: Two-Star out of Four Stars

Tampa Bay Heat Inc has received a "Needs Improvement" rating from Charity Navigator, with an overall score of 62%. This rating reflects concerns in areas such as accountability and finance, particularly due to the absence of financial statements and key policies like conflict of interest and whistleblower protections. While the organization boasts a fully independent board and a favorable liabilities to assets ratio, the lack of transparency and documentation raises significant red flags.

On a more positive note, the organization has demonstrated strong governance with 100% independent board members and documented board meeting minutes. Additionally, the program expense ratio is relatively healthy at 66.09%, indicating that a substantial portion of the funds is directed towards programs rather than administrative costs. This suggests a commitment to fulfilling its mission despite the outlined deficiencies in financial practices.

However, the lack of critical policies and missing documentation highlights a need for improvement in governance practices. Prospective donors should exercise caution and consider these factors when evaluating Tampa Bay Heat Inc for support.

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

Tampa Bay Heat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Heat 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: $68,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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