Seven Lakes Volunteer Fire And Rescue Inc

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

Seven Lakes Volunteer Fire and Rescue Inc has received a mixed assessment with significant concerns regarding its governance and financial practices. The organization scored 60% overall, reflecting a need for improvement in various aspects of its operations. While it has a solid program expense ratio of 82.86%, indicating that a large portion of its funds supports its mission, other governance metrics raise red flags.

One of the major weaknesses identified is the lack of independent board members and a small board size, resulting in a score of 0 out of 10 points in those areas. Additionally, the organization has not implemented essential policies such as a whistleblower policy and document retention protocols, which are critical for transparency and accountability. On a positive note, it did well in terms of liability management and asset diversion, showing it can maintain financial stability.

Despite these challenges, the organization shows promise through its high program expense ratio, suggesting a focus on fulfilling its mission. However, without addressing governance weaknesses and increasing transparency, it may struggle to gain trust and support from the community and potential donors.

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

Seven Lakes Volunteer Fire And Rescue Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Lakes Volunteer Fire And Rescue 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: $156,669

For more financial information, click here