Hickory Landmarks Society Inc

Charity Navigator Rating: 40%

The Hickory Landmarks Society Inc has received a low score of 40%, earning it a Zero-Star out of Four Star rating. This score reflects concerns primarily in the areas of accountability and financial transparency. While the organization benefits from a fully independent board and has no reported issues of asset diversion, it faces significant drawbacks that impact its overall rating.

Strengths of the organization include a complete independent board with a good size and a conflict of interest policy in place. However, the lack of crucial policies such as a whistleblower policy and document retention guidance, alongside the absence of tax forms on the nonprofit's website, raises red flags regarding its governance practices. Additionally, the high liabilities to assets ratio indicates potential financial instability.

The program expense ratio is relatively low at just under 50%, suggesting that less than half of expenditures are directed toward programs. This further emphasizes the need for improved financial management and transparency. Without addressing these limitations, the organization may struggle to enhance its credibility and effectiveness in the nonprofit sector.

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

Hickory Landmarks Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hickory Landmarks Society 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: $46,963
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,215

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