Windmark Sailing Foundation Inc

Charity Navigator Rating: 53%, One-Star out of Four Stars

The Windmark Sailing Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. The overall score of 53% is primarily based on the Accountability & Finance metric, where the organization scored particularly low in financial statement availability and certain governance policies.

The foundation does exhibit strengths, such as having an entirely independent board and a low liabilities-to-assets ratio, which suggests sound financial health in that area. However, the absence of key financial documents and policies, such as a whistleblower policy and detailed financial statements, has severely impacted its credibility. Moreover, the program expense ratio of 53.69% indicates that only slightly more than half of its expenditures are directed towards its programs.

In summary, while the organization has a structured governance model with independent board members, the lack of financial transparency and missing governance policies raise concerns about its overall accountability. Potential donors and supporters may want to consider these factors carefully before engaging with the charity.

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

Windmark Sailing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Windmark Sailing Foundation 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,599

For more financial information, click here

Official website here: www.windmark.org