Trout Lake Community Foundation

Charity Navigator Rating: 53%, One-Star out of Four Star Rating

The Trout Lake Community Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns in its governance and transparency practices. The overall accountability and finance score stands at 53%, highlighting areas where the organization falls short, particularly in board independence and essential governance policies.

One of the strengths of the foundation is its impressive program expense ratio, which is 99.32%. This suggests that the majority of its funds are directed toward its programs rather than administrative costs. Additionally, the organization has demonstrated no material diversion of assets, scoring 10 out of 10 in that category, which reflects a commitment to financial integrity in that regard.

However, the foundation's lack of independent board members, as well as missing policies such as conflict of interest and whistleblower protection, raises questions about its governance framework. The absence of a publicly listed website and tax form further detracts from its transparency efforts, as indicated by the low scores in these areas. Overall, while the foundation excels in program expenses, significant improvements are needed in governance and accountability.

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

Trout Lake Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trout Lake Community Foundation 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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