Selma Volunteer Fire Company Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)

The Selma Volunteer Fire Company Inc has received a rating of Two-Star from Charity Navigator, indicating a need for improvement in its operations. The overall score of 69% reflects strengths in board independence and financial management, particularly with a high program expense ratio of 94.18%, suggesting that a significant portion of its resources is directed towards its mission-related activities.

However, the organization faces notable limitations in terms of transparency and governance. It lacks crucial policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which could undermine accountability. Additionally, the absence of financial statements on their website further detracts from their transparency efforts.

While the organization demonstrates a strong independence of board members and a favorable liabilities to assets ratio of 7.36%, these strengths are overshadowed by the need for better governance practices and improved transparency in financial reporting. Addressing these issues could significantly enhance its standing and trustworthiness within the community.

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

Selma Volunteer Fire Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selma Volunteer Fire Company 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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