757 Swim Inc

Charity Navigator Rating: Needs Improvement (62%)

757 Swim Inc has received a two-star rating from Charity Navigator, indicating that there are several areas needing improvement. While the organization boasts a high percentage of independent board members and has transparency in board meeting minutes, it lacks crucial financial documentation. The absence of financial statements significantly impacts its overall financial accountability score.

The organization has demonstrated strengths in program expense allocation, with 91.35% of expenses directed towards its programs, showcasing a commitment to its mission. Additionally, policies regarding whistleblower protection and document retention are in place, which is a positive aspect of its governance structure. However, the lack of a conflict of interest policy raises questions about potential governance risks.

One notable concern is the liabilities to assets ratio, which stands at 82.60%, potentially indicating financial instability. Furthermore, the nonprofit's failure to provide its tax forms on its website and the absence of financial statements are considerable weaknesses that detract from its overall accountability. Addressing these issues could enhance the organization's rating and public trust.

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

757 Swim Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 757 Swim 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: $188,411

For more financial information, click here

Official website here: www.757swim.com