New Wave Swim Team

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

New Wave Swim Team has received a rating of 54%, indicating significant concerns regarding its accountability and financial practices. One of the primary issues is the absence of independent board members, which raises questions about governance and oversight. The organization also lacks key policies such as a conflict of interest policy and a whistleblower policy, which are crucial for transparency and ethical operations.

Despite these governance shortcomings, New Wave Swim Team demonstrates a strong commitment to its programming, with a program expense ratio of 92.91%. This suggests that a substantial portion of its expenditures is directed toward fulfilling its mission. The organization's liabilities to assets ratio stands at a relatively low 23.02%, signaling good financial health in terms of asset management.

It is important for potential donors and stakeholders to consider both the strengths and weaknesses of New Wave Swim Team. While its operational focus is commendable, the governance issues highlighted by the lack of independent board oversight and missing policies could impact the organization's long-term sustainability and public perception.

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

New Wave Swim Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Wave Swim Team 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: $215,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $260,069

For more financial information, click here

Official website here: www.newwaveswimteam.org