Cascade Bicycle Club

Nonprofit profile at a glance

EIN
912165219
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Seattle, WA, USA
Phone
2065223222
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$10,692,649
Expenses
$9,883,476
Assets
$5,953,148
Liabilities
$3,893,054

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • Allison Handy (Co-President)
  • Gina Kavesh (Co-President)
  • Lee Lambert (Executive Director)

Highest reported compensation

  • Lee Lambert (Executive Director): $214,610 total reported compensation
  • Victoria Clarke (Policy Director): $137,334 total reported compensation
  • Alison Driver (Development Director): $134,125 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cascades mission is to improve lives through bicycling. We deliver community and school based education programs; work with policy makers to advocate for bicyclists and offer world class events & rides.

What it reported doing in 2024

Education - Cascade offers school and community-based programming to encourage and educate students adults children and families about riding safety. Highlights include: Statewide Education Program funded by Move Ahead Washington legislation in which Cascade works with educators and community leaders to implement statewide bike education programs; Lets Go our in-school program serving students in 3rd through 5th grades across four school districts; and The Major Taylor Project an afterschool youth development program designed for middle and high school students who learn about establishing healthy habits building relationships and inspiring positive social change. Cascade also offers a variety of riding and maintenance classes for people across many interests.

Operating model

Revenue model
Grant-funded. 71% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.3%; rating input score 68
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $13.61 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.6%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 14.9% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 14.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 68.3% of revenue deployed · 73.9% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $7.3M in reported program spending
  • Leadership: top reported pay $215K · 23 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 43 of 46 current checks pass · 3 findings to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 25 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX Occupancy column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.