Doral Academy Of Colorado Inc

Charity Navigator Rating: Zero-Star out of Four Stars (44%)

Doral Academy Of Colorado Inc has received a low rating of 44% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. Although the organization boasts a fully independent board and good oversight in some areas, the overall financial health and transparency measures are lacking, resulting in a poor overall score.

The strengths of the organization include a fully independent board and excellent audit practices, which suggest a commitment to oversight. However, critical weaknesses stand out, such as the absence of a conflict of interest policy, whistleblower policy, and document retention guidelines. These gaps raise red flags about the organization's governance and ethical practices.

Furthermore, the nonprofit's liabilities to assets ratio, sitting at 99.33%, highlights serious financial instability, as it indicates that the organization has liabilities nearly equal to its assets. Additionally, the low program expense ratio of 38.34% suggests that a limited portion of its budget is spent directly on its programs, which could impact its effectiveness in achieving its mission. Overall, the organization faces significant challenges that need addressing for improved accountability and performance.

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

Doral Academy Of Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Doral Academy Of Colorado 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: $974,189

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Official website here: www.doralcolorado.org