Cypress-Fairbanks Swim Club Inc

Charity Navigator Rating: 73% (Two-Star out of Four Stars)

Cypress-Fairbanks Swim Club Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. With an overall score of 73%, the organization shows strengths in having a fully independent board and managing liabilities effectively, as evidenced by a 0.00% liabilities to assets ratio. Furthermore, the swim club demonstrates a high program expense ratio of 94.97%, indicating that most of its resources are directed toward its mission.

Despite these positives, there are significant limitations noted in their accountability and financial practices. The lack of financial statements and missing policies for whistleblowing and document retention detract from their overall score. Additionally, the absence of posted tax forms on their website raises concerns about transparency, which is a critical factor for potential donors and stakeholders.

Overall, while Cypress-Fairbanks Swim Club Inc shows strong programmatic focus and an independent board structure, it will need to address its transparency issues and implement necessary policies to improve its rating and build greater trust among supporters.

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

Cypress-Fairbanks Swim Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cypress-Fairbanks Swim Club 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: $691,019

For more financial information, click here

Official website here: www.fleetswimming.com