Hermas Readers Inc

Charity Navigator Rating: 73%, Two-Star out of Four Star rating

Hermas Readers Inc has received a Two-Star rating from Charity Navigator, which reflects some strengths in its accountability and finance measures. The organization is fully compliant in several areas, such as having a majority of independent board members and maintaining a favorable liabilities to assets ratio. It also scores well in program expense ratios, indicating effective allocation of funds towards its mission.

However, the organization has significant weaknesses that bring its overall rating down. Notably, it scored zero in critical governance areas including conflict of interest policies, whistleblower policies, and document retention practices. Additionally, the nonprofit has not made board meeting minutes accessible, nor has it posted its tax forms on its website, which are essential transparency measures.

Overall, while Hermas Readers Inc demonstrates strong financial practices, the lack of robust governance policies and transparency initiatives could be areas for improvement. Such shortcomings may impact donor confidence and the organization's long-term effectiveness.

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

Hermas Readers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermas Readers 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.hermasreaders.com