New Mexico Laborers Training Trust Fund

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The New Mexico Laborers Training Trust Fund demonstrates a strong accountability and finance score, reflecting its commitment to responsible financial practices. The organization scores well in several areas, including having a majority independent board and no material diversion of assets, indicating a solid governance structure and transparency in financial management.

However, the charity has significant weaknesses that impact its overall rating. Notably, it lacks key policies such as Conflict of Interest, Whistleblower, and Document Retention, which raises concerns about its governance practices. Additionally, the organization's failure to provide board meeting minutes and post its tax form on its website suggests a lack of transparency and accessibility for stakeholders.

Despite these limitations, the organization excels in program expense ratio, directing nearly 80% of its expenses toward its programs. This commitment to programmatic spending highlights its focus on fulfilling its mission, but improvements in governance practices are necessary to enhance its credibility and trustworthiness among donors and the public.

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

New Mexico Laborers Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Laborers Training Trust Fund 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: $169,960

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Official website here: www.nmlaborerstraining.org