Midwest Theological Forum Inc

Charity Navigator Rating: 29% (Zero-Star out of Four Star rating)

Midwest Theological Forum Inc has received a low score of 29% from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization has achieved a perfect score for having a majority of independent board members, which reflects a commitment to governance, but this is overshadowed by a lack of essential financial documentation and policies.

The charity has not provided financial statements, which has resulted in a score of zero for that category. Additionally, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. While it does maintain records of board meeting minutes, the absence of these fundamental policies raises questions about its operational integrity and accountability practices.

Furthermore, the program expense ratio stands at 45.57%, suggesting that a significant portion of its budget may not be allocated towards program services. The low liabilities to assets ratio of 0.51% indicates that the organization has manageable liabilities, but overall, the lack of transparency and insufficient financial practices contribute to its zero-star rating from Charity Navigator.

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

Midwest Theological Forum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Theological Forum 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: $124,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,187

For more financial information, click here

Official website here: www.theologicalforum.org