Puget Sound Amateur Icesports Assn

Charity Navigator Rating: 39%

The Puget Sound Amateur Icesports Association has received a score of 39%, resulting in a zero-star rating. This rating reflects significant concerns regarding the organization’s accountability and financial practices. Key issues include a lack of independent board members, which affects governance, as well as missing essential policies such as conflict of interest and whistleblower protections. Furthermore, the organization has not provided a review or compilation of its financial statements, raising questions about transparency.

On a positive note, the organization demonstrates a high program expense ratio of 93.97%, indicating that the majority of its funds are directed towards its programs. Additionally, there are no reported material diversions of assets, which suggests that the organization is effectively managing its resources in terms of asset protection.

However, the high liabilities to assets ratio of 1001.19% is particularly alarming, highlighting potential financial instability. Overall, while the organization appears to focus on its programming, significant governance and financial transparency issues need to be addressed for improved trust and effectiveness.

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

Puget Sound Amateur Icesports Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puget Sound Amateur Icesports Assn 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

For more financial information, click here

Official website here: www.psaha