Panthera Corporation

What it reported doing in 2025

Tiger - panthera, through various individual programs, seeks to increase wild tiger populations by at least 50% across key sites over the next decade. In addition, panthera identifies and creates safe corridors for the species to move between core populations.puma - panthera is working to better understand and protect pumas in the western u.s. (especially the olympic peninsula in Washington state) and in the torres del paine national park region in the chilean patagonia. Panthera's work includes utilizing innovative camera technology to observe the secret social lives of pumas, characterizing dispersal dynamics and impediments, and mitigating human-puma conflict. A range-wide assessment of the status of pumas, from patagonia to british columbia is also underway. Small cats - panthera also works to understand and conserve the 33 species of small wild cats. Priorities for this program are to focus on the least understood cats, to enhance current data collection on big cat study sites to gather small cat data, and to strategically establish new sites of high conservation value for small cats. A brief summary of panthera's cross-cutting programs and initiatives: conservation technology - panthera designs and develops tools to enhance field activities, including custom-built camera traps deployed globally to survey wild cat populations, and panthera ids, a specialized software platform for curating and archiving camera-trap data.applied science - panthera's core analytical expertise resides within the applied science program, which supports field projects by applying cutting-edge methods to research design and analysis. Key activities include developing new techniques for monitoring wild cat populations, identifying critical movement corridors, and advancing innovative approaches to wild cat conservation.impact assessment - panthera's impact assessment program drives monitoring, evaluation, and learning across the organization. It supports field projects to set goals, track progress, assess outcomes, and apply lessons learned, helping to measure collective impact and demonstrate the effectiveness of conservation strategies.counter wildlife crime - panthera's counter wildlife crime program works to reduce threats to wild cats by strengthening law enforcement and justice systems. It supports intelligence-led operations, builds the capacity of rangers and enforcement agencies, and promotes stronger prosecution of wildlife crimes to create safer landscapes for wild cats.scholarships and awards - panthera provides scholarships and awards to post-graduate students in advanced degree programs to work on research and projects in the conservation efforts of large cat species and their environments.

Financial Efficiency

• Mission deployment rate: 27.6%; rating input score 28
• Program expense ratio: 84.2%; rating input score 84
• Fundraising efficiency: $67.99 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 25th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 5 of 8 controls in place; rating input score 62
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Pass
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Fail
  • Requires grant agreements: Pass
  • May require repayment: Pass
• Grant itemization coverage: 86.7%; rating input score 87; 26th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 91.7%; rating input score 92; 19th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 67.2%; rating input score 95; 95th percentile among comparable filings
• Total-asset coverage ratio: 2.65; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 8.3%; rating input score 7; 7th percentile among comparable filings

Growth

• Program expense growth: 14.4% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 32.1% per year; rating input score 100; 97th percentile among comparable filings
• Asset growth: 30.9% per year; rating input score 100; 97th percentile among comparable filings