Tennessee Association Of Business Foundation

Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)

The Tennessee Association Of Business Foundation has received a 79% rating from Charity Navigator, indicating a Three-Star designation. This rating is based entirely on the organization's Accountability & Finance, highlighting its overall financial health and transparency. The fiscal year assessed was FY2022, and the independent board structure and financial practices scored highly, reflecting well on the nonprofit's governance.

Strengths noted include a fully independent board, with all 15 members being independent, and exceptional scores in key areas such as financial audits and program expenses, with 89.49% of expenses allocated to programs. The organization has implemented policies for conflict of interest, whistleblower protections, and document retention, further showcasing its commitment to accountability and ethical standards.

However, the foundation's liabilities exceed its assets, evidenced by a liabilities-to-assets ratio of 100.13%, which may raise questions about its long-term financial sustainability. While the organization demonstrates strong management and financial practices, this aspect could be a concern for potential donors and stakeholders evaluating its overall stability.

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

Tennessee Association Of Business Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Association Of Business Foundation 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: $0

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