Elderly Opportunity Agency Inc

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Elderly Opportunity Agency Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is calculated entirely from the accountability and finance beacon, where the agency scored 77%. This score indicates a fair level of transparency and proper financial management practices in place, which is crucial for maintaining donor trust.

Notable strengths include having a fully independent board, with all eight members meeting independence criteria, and robust financial oversight through an audit and oversight committee. Additionally, the organization has no reported material diversion of assets, demonstrating sound fiscal responsibility. However, there are areas for improvement, such as the absence of a whistleblower policy, which could enhance its governance framework.

On the financial side, the agency has a program expense ratio of 81.69%, indicating a significant portion of expenses is directed toward its programs. However, the liabilities to assets ratio of 116.65% raises some concerns about financial stability. This suggests that the organization may have more liabilities than assets, which warrants attention for long-term sustainability.

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

Elderly Opportunity Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elderly Opportunity Agency 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: $321,386

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Official website here: www.eoaidaho.org