Sheridan Memorial Home Inc

Charity Navigator Rating: 52% (One-Star out of Four Stars)

Sheridan Memorial Home Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored just 52% overall, with particular weaknesses highlighted in the area of financial transparency. Notably, the charity did not submit any financial statements, raising questions about its financial operations.

Despite some strengths, such as a fully independent board of directors and a strong program expense ratio, the absence of key policies and documentation, including a conflict of interest policy and website transparency, detracts from its overall standing. The organization demonstrates compliance in documenting board meeting minutes but falls short in providing essential financial information to the public.

The high liabilities to assets ratio of 116.46% further indicates potential financial instability, contributing to the low rating. Overall, while Sheridan Memorial Home Inc shows commitment to program expenses, the lack of financial disclosure and governance policies presents serious concerns for potential donors and stakeholders.

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

Sheridan Memorial Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheridan Memorial Home 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: $104,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $371,638

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