Troy-Johnson Learning Korner Inc

Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)

Troy-Johnson Learning Korner Inc has received an 84% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating is derived entirely from a single beacon score, indicating that the organization is focused on maintaining high standards in how it manages its financial resources. The charity's strong performance is highlighted by its program expense ratio of 94.17%, ensuring that a significant portion of its resources is directed toward its core mission.

The organization boasts a fully independent board, with 100% of board members meeting the independence criteria. This governance structure contributes positively to accountability, as does the absence of material diversion of assets. They have also implemented robust financial practices, exemplified by their high scores in financial statement reviews and a favorable liabilities to assets ratio.

However, there are notable limitations in their governance practices. The lack of a whistleblower policy and document retention and destruction policy, along with missing documentation of board meeting minutes, indicates areas that need improvement. Addressing these deficiencies could enhance transparency and governance, helping to build trust with stakeholders and supporters.

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

Troy-Johnson Learning Korner Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy-Johnson Learning Korner 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: $64,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $424,017

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