Triumphant Living Ministries Inc

Charity Navigator Rating: 76%, Three-Star out of Four Star Rating

Triumphant Living Ministries Inc has received a 76% rating from Charity Navigator, which reflects a solid performance in terms of accountability and finance. The charity's score is entirely derived from its beacon score, emphasizing its focus on responsible financial practices. A significant 60% of its board members are independent, ensuring effective governance.

Strengths of the organization include a high program expense ratio of 80.55%, indicating that a substantial portion of its expenses directly supports its programs. Additionally, the charity has no reported material diversion of assets, which enhances its trustworthiness. However, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could be areas for improvement.

Overall, while Triumphant Living Ministries Inc demonstrates commendable financial management and governance practices, addressing the missing policies could further strengthen its accountability and transparency. The organization shows promise but should enhance its operational protocols to align with best practices in nonprofit governance.

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

Triumphant Living Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triumphant Living Ministries 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: $82,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,925

For more financial information, click here

Official website here: www.shreveministries.org