Laurel Lake Volunteer Fire And Rescue Company Inc

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

Laurel Lake Volunteer Fire and Rescue Company Inc has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. While it has a solid program expense ratio of 77.45%, showing that a significant portion of its expenses goes towards programs, its overall accountability and financial transparency are lacking, as demonstrated by the absence of financial statements and policies like whistleblower and document retention.

The organization has strengths in its governance, with 100% independent board members and no material diversion of assets. Additionally, it demonstrates good practices such as having documented board meeting minutes and a conflict of interest policy. However, the lack of publicly accessible financial statements and critical policies raises concerns about its operational transparency.

In summary, while Laurel Lake Volunteer Fire and Rescue displays commendable programmatic focus and governance structure, significant improvements are required in financial accountability and transparency to enhance trust and reliability among stakeholders.

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

Laurel Lake Volunteer Fire And Rescue Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Lake Volunteer Fire And Rescue Company 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: $507,488

For more financial information, click here

Official website here: www.laurellakefireandrescue.com