Ltc Inc

Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)

Ltc Inc has received a two-star rating from Charity Navigator, indicating that while the organization has strengths in accountability and finance, it still requires improvement in certain key areas. The organization boasts a perfect score for accountability, including an independent board and no material diversion of assets, which reflects good governance practices. However, it struggles with operational transparency, as it lacks critical policies such as a whistleblower policy and document retention guidelines.

Financially, Ltc Inc shows a solid program expense ratio of 86.32%, indicating that a significant portion of its budget is directed towards its programs. However, the extremely high liabilities to assets ratio of 97.53% is a significant concern, suggesting potential financial instability. Additionally, the salaries of key personnel are notably high, which may raise questions about compensation structures and their impact on overall financial health.

In summary, while Ltc Inc demonstrates effective governance and program expenditure, its financial health appears precarious, and the absence of essential policies could undermine stakeholder confidence. Improvements in these areas are crucial for the organization to enhance its rating and fulfill its mission effectively.

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

Ltc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ltc 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: $26,097

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