Tri-Star Gymnastics

Charity Navigator Rating: 50%, One-Star out of Four Star rating.

Tri-Star Gymnastics has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, with notable weaknesses in governance, such as a lack of independent board members and missing essential policies, including conflict of interest and whistleblower policies. These shortcomings raise red flags about the organization's oversight and transparency.

On a more positive note, Tri-Star Gymnastics maintains a program expense ratio of 66.44%, suggesting that a substantial portion of its budget is directed towards its programs. The organization also has a strong liabilities to assets ratio of 45.80%, indicating a manageable level of debt relative to its assets. However, the absence of financial statements and a tax form on its website further detracts from its credibility and accountability.

Overall, while Tri-Star Gymnastics demonstrates some financial health in its programming expenses and asset management, the lack of independent oversight and missing policies signifies a need for improvement in governance and transparency practices. Interested stakeholders may want to consider these factors before engaging with or supporting the nonprofit.

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

Tri-Star Gymnastics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-Star Gymnastics 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: $209,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.tri-startgym.org