Krewe Of Key West Corp

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

Krewe Of Key West Corp has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The overall score of 73% reflects a solid foundation in areas such as board independence, with a perfect score for both majority independent board members and board size. Additionally, the organization has demonstrated good financial management, reflected in a favorable liabilities to assets ratio and a strong program expense ratio.

However, the nonprofit has significant shortcomings that affect its overall rating. Notably, it lacks essential governance policies, including conflict of interest, whistleblower, and document retention policies, each of which received a score of zero. Furthermore, the absence of posted board meeting minutes and the nonprofit's tax form on its website indicates a lack of transparency that could raise concerns among stakeholders.

Overall, while Krewe Of Key West Corp shows promise in its financial management and governance structure, it must address its policy gaps and enhance transparency to improve its rating and build greater trust with its supporters.

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

Krewe Of Key West Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Krewe Of Key West Corp submitted a form 990EZ, 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.

Official website here: www.krewe ofkeywest.com