Venango Volunteer Fire Department

Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating reflects a focus on the organization's accountability and finance practices, indicating that while there are some strengths, there are also areas that need improvement.

The Venango Volunteer Fire Department demonstrates several positive aspects in governance, including a fully independent board consisting of 10 members, strong policies on conflict of interest, and thorough documentation of board meeting minutes. These factors contribute positively to their accountability score. Additionally, the organization has achieved a high program expense ratio, signifying that nearly all funds are allocated toward their primary mission.

However, the organization received a lower score for its liabilities to assets ratio, which suggests potential financial risks. This ratio, standing at 64.43%, indicates that a significant portion of the organization's assets are encumbered by liabilities, which may raise concerns for stakeholders regarding financial sustainability. Overall, while the Venango Volunteer Fire Department exhibits strong governance, addressing its financial health will be crucial for future stability and effectiveness.

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

Venango Volunteer Fire Department is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venango Volunteer Fire Department 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

For more financial information, click here