Somc Medical Group Pc

Charity Navigator Rating: 66% (Two-Star out of Four Stars)

Somc Medical Group Pc has received a Two-Star rating from Charity Navigator, indicating a fair level of accountability and financial health but with notable concerns. The organization demonstrates a strong commitment to transparency in its financial statements and has established effective policies such as conflict of interest and whistleblower protections. However, the lack of independent board members raises questions about governance and oversight.

One of the organization's strengths is its program expense ratio, which stands at an impressive 95.64%. This suggests that a significant portion of its resources is directed toward its programs rather than administrative costs. Additionally, there have been no reported material diversions of assets, which is encouraging for stakeholders looking for fiscal responsibility.

Despite these strengths, the organization struggles with its overall accountability score, particularly in the areas of board independence and liabilities to assets ratio, which stands at 124.80%. The absence of independent board members could indicate potential conflicts of interest and limited oversight, which are critical for non-profit governance. The missing tax form on the nonprofit's website also detracts from its transparency efforts.

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

Somc Medical Group Pc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somc Medical Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.hackensackmeridianhealth.org