Signet Disaster Relief Fund Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60%)

The Signet Disaster Relief Fund Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and governance. With an overall score of 60%, the organization demonstrates a solid commitment to program expenses, achieving an impressive program expense ratio of 98.51%. However, it faces significant challenges regarding board independence and transparency.

A notable concern is the absence of independent board members, which could impact the organization's accountability and decision-making processes. Additionally, critical governance policies such as a whistleblower policy and document retention guidelines are missing, leading to a lower accountability and finance score. The absence of these policies could hinder the organization’s ability to ensure transparency and protect stakeholders.

Despite these limitations, the organization has shown exemplary financial practices, with no material diversion of assets and a strong liabilities to assets ratio of 0%. The presence of meeting minutes reflects some level of operational transparency, but improvements in governance policies and board independence are essential for enhancing the organization's credibility and effectiveness in the long term.

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

Signet Disaster Relief Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Signet Disaster Relief Fund 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: $0

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