Texas Longhorn Breeders Of America Foundation

Charity Navigator Rating: Zero-Star out of Four Star rating

Overall score: 36%

The Texas Longhorn Breeders Of America Foundation has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly poorly in several key areas, including conflict of interest and whistleblower policies, which received a score of zero out of seven points. Additionally, the program expense ratio was rated at zero out of 25 points, suggesting that very little of the organization's resources are allocated towards its intended charitable programs.

Despite its weaknesses, the foundation does have notable strengths, such as a fully independent board, which scored a perfect 10 out of 10 for majority independent board members and board size. Furthermore, it has demonstrated good practices in asset management and transparency by listing its website on its tax form and maintaining documents like board meeting minutes. However, the failures in critical governance policies raise serious questions about the organization's operational integrity.

The foundation's financial health appears concerning, with a liabilities to assets ratio rated at zero out of 15 points, which indicates potential financial instability. Potential donors should exercise caution and seek further information before engaging with the organization, as its low ratings highlight significant risks in its governance and financial management.

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

Texas Longhorn Breeders Of America Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Longhorn Breeders Of America 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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Official website here: www.tlbaa.org