Viking Swim Club Inc

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

Viking Swim Club Inc has received a Three-Star rating from Charity Navigator, reflecting a strong performance in the area of Accountability & Finance. The organization earned this score primarily due to its exemplary financial practices, including a 100% program expense ratio, indicating that all funds are allocated to its programs, and a low liabilities to assets ratio of 1.94%.

The nonprofit boasts a fully independent board of directors, with seven members, which enhances its governance and accountability. Additionally, the organization follows robust policies, such as a documented conflict of interest policy and regular documentation of board meeting minutes, ensuring transparency in its operations.

While the overall score is positive, it is important to note that the rating is based solely on financial metrics, and there may be other aspects of organizational effectiveness that are not captured in this evaluation. Nonetheless, the strong financial standing is a promising indicator of the club's commitment to its mission.

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

Viking Swim Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Viking Swim Club 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: $40,560

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