Helena Symphony Society

Charity Navigator Rating: Needs Improvement

Overall, the Helena Symphony Society holds a Two-Star out of Four Star rating with a score of 62%. This rating indicates that while the organization meets some standards of accountability and transparency, there are significant areas needing improvement, particularly in financial reporting and fiscal health.

The organization boasts a strong governance structure, with 93% of its board members being independent, and it has established policies for conflicts of interest and whistleblowing. However, it lacks financial statements and details on document retention, leading to a low score in these critical areas. The majority of its funding is directed towards program expenses, which is a positive sign regarding its commitment to its mission.

A notable concern lies in its liabilities to assets ratio, which stands at 158.38%, suggesting potential financial instability. While the absence of material diversion of assets is a positive point, the lack of transparency in financial documentation is a significant drawback that stakeholders should consider. Overall, improvements in financial reporting would greatly enhance the organization’s standing and reliability.

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

Helena Symphony Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Helena Symphony Society 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: $113,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,985

For more financial information, click here

Official website here: www.helenasymphony.org