Friends of Panther Track & Field and Cross Country
Nonprofit profile at a glance
- EIN
- 920390542
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Panorama City, CA, USA
- Phone
- 5125360045
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $180,000
- Expenses
- $171,967
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Brad Bornemann (CEO)
People named in this filing
- Brad Bornemann (CEO)
- Madel Rocio Berny (CFO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the Friends of Panther Track and Cross Country is to assist the Newbury Park High School Track and Cross Country Teams in all of their goals. These two teams consist of over 50 high school distance and middle distance runners, their families, coaches, assistants, and volunteers. These teams travel throughout the United States to compete, and spend 28 days per summer at a high-altitude training camp in Big Bear, California. The ultimate goal is to make a significant difference in the lives of these high school athletes, especially assisting them financially when necessary in order to provide for them many opportunities that they would not be able to afford if it were not for the generous contributions to the Friends of Panther Track and Cross Country.
What it reported doing in 2024
The main services were: A. organizing and managing running camps in Big Bear, California and Flagstaff, Arizona to benefit athletes, most of whom are associated with the Newbury Park (Panthers) High School Cross Country program B. Creating and promoting the manuscript for a book about the three-time national championship NPHS XC Team (the Panthers)C. Funding, managing, and organizing numerous trips for the XC and Track athletes and coaches associated with NPHS throughout the U.S. D. Funding equipment, gear, and training/recovery services/sessions for athletes and coaches associated with NPHS XC and Track E. Supporting high school coaches in the greater NPHS community with grant money (for which they applied) to assist in their coaching efforts
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 84.3%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.5%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 15.2%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 44.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -4.2% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 80.6% of revenue deployed · 84.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $145K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Officer compensation ratio scored 18/100.