Life Network Inc

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

Life Network Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 46%, the organization demonstrates strengths in having a fully independent board and a favorable liabilities to assets ratio of 0.42%. However, the lack of financial statements and critical governance policies raises serious red flags about transparency and operational integrity.

The organization has performed well in certain areas, such as maintaining an independent board and documenting board meeting minutes. Nonetheless, it is marked down significantly due to the absence of financial disclosures, including tax forms, and missing policies for conflict of interest, whistleblower protection, and document retention. These shortcomings contribute heavily to its low score in accountability and finance.

While the program expense ratio stands at 51.86%, indicating that just over half of its expenditures go towards programs, the lack of transparency and governance structures poses risks to stakeholders. Without addressing these critical issues, Life Network Inc may struggle to gain the trust and support necessary for effective operations and fundraising efforts.

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

Life Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Network 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: $88,437
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,183

For more financial information, click here

Official website here: www.friendsoflifenetwork.org