Lawrence Medical Associates Pc

Charity Navigator rates Lawrence Medical Associates Pc with a score of 66%, resulting in a Two-Star out of Four Star rating. This score reflects the organization's accountability and finance practices, which are of concern due to the absence of independent board members. While the organization has implemented several good governance practices like whistleblower and conflict of interest policies, the lack of an independent board raises questions about oversight.

The organization demonstrates strengths in areas such as financial statement audits, material diversion of assets, and a high program expense ratio of 86.76%. This indicates that a significant portion of its funds are directed towards its programs rather than administrative expenses, suggesting a commitment to its mission. The presence of documented board meeting minutes also shows transparency in operations.

However, notable limitations include the lack of independent board members and a concerning liabilities-to-assets ratio of 128.90%. Additionally, the absence of a tax form on the nonprofit's website may hinder transparency and accountability efforts. Overall, while there are positive aspects to the organization's financial management, improvements in governance and transparency are needed.

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

Lawrence Medical Associates Pc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Medical Associates Pc 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: $308,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,806,545

For more financial information, click here

Official website here: www.nyp.org/medicalgroups/westchester