Wellmont Academy Of Tampa Bay Inc

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that Wellmont Academy of Tampa Bay Inc has moderate accountability and financial practices. The organization demonstrates a strong commitment to governance with 100% independent board members, which reflects positively on its oversight capabilities.

However, significant concerns arise from the lack of financial transparency, as the organization has not provided any financial statements. Furthermore, it is noted that the organization is missing critical policies, such as conflict of interest and whistleblower policies, which are essential for promoting ethical standards and protecting whistleblowers. Additionally, the absence of documented board meeting minutes and the failure to post tax forms on its website are also shortcomings that detract from its accountability score.

On a positive note, the organization has achieved a perfect program expense ratio, indicating that all its expenditures are directed toward its mission-driven programs. The liabilities to assets ratio is low, suggesting a stable financial position. Despite its strengths, the overall lack of transparency and missing governance policies may raise questions about its operational integrity and long-term sustainability.

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

Wellmont Academy Of Tampa Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellmont Academy Of Tampa Bay 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $505,049

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Official website here: www.welmontacademy.com