Trego Hospital Endowment Foundation Inc

Charity Navigator Rating: 0%

The Trego Hospital Endowment Foundation Inc has received a dismal Zero-Star out of Four Star rating, reflecting serious concerns regarding its accountability and financial management. With an overall score of just 10%, the organization has significant deficiencies in several key areas, including the absence of independent board members, conflict of interest policies, and necessary governance documents such as meeting minutes and a whistleblower policy.

Strengths noted in the assessment include a perfect score for the absence of material diversion of assets, indicating that there are no reported instances of misappropriation. However, the organization struggles with transparency, as its website is not listed on its tax form, and it fails to post essential documents, which are critical for accountability and donor trust.

In terms of financial management, the program expense ratio is notably low at 42.67%, suggesting that a large portion of its expenditures may not be directed towards its programs. The liabilities to assets ratio is also concerning, at 0.00%, which raises questions about its overall financial health and operational sustainability. Overall, these factors collectively contribute to a troubling picture of the foundation's operations.

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

Trego Hospital Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trego Hospital Endowment Foundation 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: $20,309

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