Ashland Ore Dock Charitable Trust

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

The Ashland Ore Dock Charitable Trust has received a low rating of 53%, indicating significant concerns in its accountability and financial transparency. The low score is particularly influenced by the absence of independent board members and missing policies, which are critical for good governance. Only the material diversion of assets was positively rated, showing that the organization maintains proper asset management.

Strengths of the organization include a very high program expense ratio of 95.13%, demonstrating that a large portion of its resources is directed towards its programs. Additionally, it has a favorable liabilities-to-assets ratio of 5.01%, suggesting that it is not overly burdened by debt. However, these strengths are overshadowed by the governance issues highlighted by the lack of policies and independent oversight.

Limitations noted in the data include missing essential governance documents such as conflict of interest, whistleblower, and document retention policies. Furthermore, the organization's website is not listed on its tax form, indicating potential transparency issues that could affect donor trust. Overall, while the Ashland Ore Dock Charitable Trust demonstrates financial stability, its governance practices raise red flags for potential supporters.

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

Ashland Ore Dock Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashland Ore Dock Charitable Trust 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: $0

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