Nova Vida Inc

Charity Navigator Rating: Two-Star out of Four Stars (67%)

Nova Vida Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. While it showcases a high program expense ratio of 91.77%, demonstrating that a significant portion of its funds is directed towards programs, other financial metrics reflect concerns. The organization struggles with a high liabilities to assets ratio of 115.63%, indicating potential financial instability.

The nonprofit does well in governance aspects, with full scores for independent board members and the documentation of board meeting minutes. However, several critical policies are missing, including a conflict of interest policy, whistleblower policy, and document retention policy, which are essential for transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website raises concerns about financial transparency.

Overall, Nova Vida Inc has strengths in program spending and governance structure but faces significant limitations in financial stability and essential operational policies. This combination of strengths and weaknesses contributes to its overall rating of "needs improvement."

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

Nova Vida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova Vida 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: $74,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $568,325

For more financial information, click here