Franklin Railroad & Community Museum

Charity Navigator Rating: 70% (Two-Star out of Four Stars)

The Franklin Railroad & Community Museum has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 70%. This rating reflects a strong commitment to transparency in financial management, as indicated by the absence of material diversion of assets and a favorable liabilities to assets ratio of 0.00%. Additionally, the organization boasts a fully independent board, which is a positive aspect of its governance structure.

However, the museum has significant deficiencies in its disclosure practices. Key policies such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, which negatively impacted its score in the accountability section. Furthermore, the lack of website disclosures and the absence of board meeting minutes may raise concerns about organizational transparency.

While the museum excels in certain financial metrics, particularly with a high program expense ratio of 94.40%, its overall effectiveness is hindered by the noted gaps in governance and transparency. Addressing these limitations could potentially improve its standing in future evaluations.

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

Franklin Railroad & Community Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Railroad & Community Museum 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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