Loretto Volunteer Fire Dept Inc

Charity Navigator Rating: 1 Star (52%)

Loretto Volunteer Fire Dept Inc has received a low rating of 52%, indicating significant issues with accountability and financial transparency. The organization has no independent board members, which raises concerns about governance. Additionally, critical policies such as conflict of interest and whistleblower protections are missing, further contributing to the low score.

Despite these challenges, the organization demonstrates strong financial management in certain areas, with a high program expense ratio of 95.22%, suggesting that most funds are directed toward its mission. The liabilities to assets ratio of 36.26% also indicates a manageable level of debt relative to assets. However, the absence of financial statements and other required documentation detracts from its overall trustworthiness in the eyes of potential donors.

The lack of transparency, indicated by missing key policies and documentation on its website, poses limitations on the organization’s credibility. Stakeholders and potential supporters may find it challenging to assess the effectiveness and governance of Loretto Volunteer Fire Dept Inc without this critical information.

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

Loretto Volunteer Fire Dept Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto Volunteer Fire Dept 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: $27,195
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,167

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