First Trust Team Corporation

Charity Navigator Rating: 1-Star out of Four Stars (53%)

First Trust Team Corporation has received a low rating of 53% from Charity Navigator, resulting in a One-Star designation. This rating indicates significant concerns regarding the charity's accountability and financial practices. A notable issue is the complete lack of independent board members, which raises questions about governance and oversight.

Despite the rating, the organization does demonstrate strengths in certain areas, such as maintaining a low liabilities to assets ratio of 0.07% and a high program expense ratio of 79.31%. This suggests that most of its resources are allocated to programmatic activities rather than administrative costs, which is a positive aspect of its financial management.

However, the charity is lacking in essential governance policies, including a conflict of interest policy and a whistleblower policy, both of which are missing. Additionally, the absence of documented board meeting minutes further highlights governance weaknesses. These issues contribute to the overall low accountability score and warrant caution for potential donors.

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

First Trust Team Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Trust Team Corporation 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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Official website here: www.firsttrustteam.org