Tmc One

Charity Navigator Rating: Needs Improvement

Tmc One holds a two-star rating from Charity Navigator, indicating that there are significant areas needing attention, particularly in governance and financial oversight. The overall score of 62% reflects a lack of independent board members, which can undermine the organization's accountability and decision-making processes. While it has a strong financial oversight system, the absence of independent board members is a critical weakness.

On a positive note, Tmc One demonstrates solid financial management, with a program expense ratio of 68.20%, meaning a majority of its expenditures go toward its programs. The organization also scores well in areas such as having policies for conflict of interest, whistleblower protection, and document retention. However, the high liabilities to assets ratio of 292.52% raises concerns about financial stability and may affect operational viability.

Additionally, the absence of documented board meeting minutes and the lack of a posted tax form on the nonprofit's website are significant drawbacks that hinder transparency. Overall, while Tmc One shows strengths in certain operational policies and program funding, it faces serious governance and financial transparency challenges that need to be addressed to improve its rating and public trust.

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

Tmc One is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tmc One 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: $17,524,446

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Official website here: www.tmcaz.com