The Tenet Care Fund

Charity Navigator Rating: 63%, Two-Star out of Four Star Rating

The Tenet Care Fund has received a Two-Star rating from Charity Navigator, indicating that there are significant areas for improvement in their accountability and finance practices. The score is particularly influenced by the lack of independent board members, receiving 0 out of 10 points in this category, which raises concerns about governance and oversight. However, the organization shows a positive aspect in its program expense ratio, with nearly all funds being directed toward its programs.

While the charity has established some policies, such as a conflict of interest policy and maintaining board meeting minutes, it falls short in critical areas like having a whistleblower policy and a document retention and destruction policy. These omissions, along with the absence of their tax form on their website, contribute to the overall low rating.

On a positive note, the organization has demonstrated a strong financial position with a liabilities-to-assets ratio of 0%, indicating no debt, and an impressive program expense ratio of 99.99%, showcasing their commitment to utilizing funds effectively for their intended purpose. However, the lack of transparency and independent oversight remains a crucial weakness that the charity must address to improve its rating and donor confidence.

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

The Tenet Care Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tenet Care Fund 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

For more financial information, click here

Official website here: www.tenethealth.com