Hydra Aquatics Inc

Charity Navigator Rating: 67% (Two-Star out of Four Star rating)

Hydra Aquatics Inc has received a Two-Star rating from Charity Navigator, with an overall score of 67%, primarily derived from its Accountability & Finance metrics. The organization demonstrates a strong commitment to financial health, evidenced by a high program expense ratio of 98.34%, indicating that almost all of its expenses go directly towards its programs. Additionally, it has a solid governance structure, featuring a board composed entirely of independent members.

However, the nonprofit faces significant limitations in its accountability practices. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for transparency and ethical governance. Furthermore, the absence of documented board meeting minutes raises concerns about the organization's operational transparency.

Overall, while Hydra Aquatics Inc shows positive financial management and a strong independent board, its shortcomings in accountability practices may affect stakeholders' trust and confidence in its operations. Addressing these gaps could enhance its overall rating and improve organizational effectiveness.

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

Hydra Aquatics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hydra Aquatics 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: $121,061

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Official website here: www.hydraaquatics.com