Tennessee Aquatics Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Tennessee Aquatics Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization, reflected in an overall score of 69%. While the nonprofit demonstrates strong accountability through an independent board with 80% of its members being independent and a solid financial oversight committee, several critical policies are missing, such as a conflict of interest policy and a whistleblower policy, which can affect transparency and governance.

The organization shows commendable financial management with a high program expense ratio of 97.14%, suggesting that the majority of its expenditures are directed toward its programs. However, its liabilities to assets ratio is notably high at 87.40%, indicating potential financial instability. This aspect raises concerns about the organization's long-term sustainability and ability to manage its financial obligations effectively.

Overall, while Tennessee Aquatics Inc has strengths in governance and program spending, the absence of essential policies and a high liabilities ratio points to necessary areas for enhancement. Stakeholders are encouraged to monitor these aspects closely to ensure the organization’s growth and impact in the community.

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

Tennessee Aquatics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Aquatics 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: $97,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,802

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Official website here: www.tnaquatics.com