Lake Placid Athletic Association Inc

Charity Navigator Rating: 71%, Two-Star out of Four Star rating.

The Lake Placid Athletic Association Inc has received a rating of 71%, which reflects a two-star designation. This rating indicates a need for improvements in areas related to transparency and governance, despite some strong points in financial management and accountability practices. The organization scored well on the majority of metrics, including having a fully independent board and a strong liabilities to assets ratio.

Strengths include a high program expense ratio of 68.77%, suggesting that a significant portion of their funds is directed towards their programs rather than administrative costs. Additionally, the organization has demonstrated solid practices in maintaining meeting minutes and managing its board effectively. However, major weaknesses lie in the absence of key governance policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which have contributed to the lower overall rating.

Overall, while the Lake Placid Athletic Association shows promise in financial stewardship, the lack of important governance documents and transparency measures presents significant areas for improvement. Enhancing these aspects could help elevate their rating and boost public trust in the organization.

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

Lake Placid Athletic Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Placid Athletic Association 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: $0

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