Folsom Volunteer Fire Dept Inc

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

The Folsom Volunteer Fire Dept Inc has received a low score of 52%, reflecting significant challenges in its accountability and financial practices. While the organization demonstrates strong governance with an entirely independent board and a high program expense ratio of 96.27%, it has substantial weaknesses in financial transparency, which is critically important for trust and credibility.

Key strengths include a solid structure of independent board members and effective monitoring of program expenses. However, the organization lacks key financial documentation, such as financial statements, and important policies including conflict of interest and whistleblower policies, which have contributed to its low overall rating. The absence of these documents and policies raises concerns about the nonprofit's operational integrity and governance.

In summary, while Folsom Volunteer Fire Dept Inc shows potential through its program spending and governance, the critical gaps in financial management and policy documentation suggest that potential donors should proceed with caution until improvements are made. Transparency and accountability are essential for building trust, and these areas need significant attention to enhance the organization’s standing and effectiveness.

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

Folsom Volunteer Fire Dept Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folsom Volunteer Fire Dept 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: $43,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,720

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