New Bloomfield Fire Co Inc

Charity Navigator Rating: Needs Improvement (67%)

New Bloomfield Fire Co Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas of accountability and finance. The organization has demonstrated strengths in having a majority of independent board members and maintaining a favorable liabilities to assets ratio, which suggests good financial stability. However, the low score for financial statements and lack of transparency in governance practices raise concerns about its overall operational effectiveness.

The organization scored zero in several critical areas, including the publication of financial statements on its website, the existence of a conflict of interest policy, and a whistleblower policy. These deficiencies imply a need for better governance practices and transparency to foster trust among stakeholders and donors. While the board meeting minutes are documented, the absence of crucial policies could hinder the organization’s credibility.

In terms of program expenses, New Bloomfield Fire Co Inc has scored well, indicating that funds are being allocated effectively towards its mission. However, the significant gaps in accountability measures and financial transparency suggest that improvement efforts are necessary for the organization to enhance its rating and operational efficiency.

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

New Bloomfield Fire Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Bloomfield Fire Co 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: $0

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