Bangor Area Recovery Network Inc

Charity Navigator Rating: 65%, Two-Star out of Four Star rating. This rating indicates that Bangor Area Recovery Network Inc has areas needing improvement, particularly in its governance practices. While the organization has a solid program expense ratio of 91.29%, reflecting a strong commitment to its mission, the overall accountability and finance score suggests potential weaknesses in transparency and board independence.

The nonprofit received zero points for independent board members, indicating a lack of diversity in governance which may limit oversight and accountability. Additionally, the absence of key policies such as conflict of interest, whistleblower protections, and document retention raises concerns about operational integrity and risk management. These missing elements suggest that improvements in governance and compliance could enhance the organization's reliability.

On a positive note, the organization has demonstrated good financial health with no material diversion of assets and a favorable liabilities to assets ratio of 0.93%. The financial statements are well-reviewed, ensuring that funds are managed responsibly. However, enhancing transparency through accessible documentation and a more independent board could significantly improve its standing and reputation among donors and stakeholders.

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

Bangor Area Recovery Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bangor Area Recovery Network 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: $76,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,544

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