Pan-Mass Challenge

Legal name: Pan-Massachusetts Challenge Inc

Nonprofit profile at a glance

EIN
042746912
IRS 990 coverage
2010–2024
Official website data refreshed
Aug 2026
Forms available
Form 990 2024
Location
Needham, MA, USA
Phone
7814495300
Rating
92
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$81,791,402
Expenses
$80,875,102
Assets
$3,973,897
Liabilities
$1,150,076

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

Leadership & pay

20 people listed

Executive titles in this filing

  • WILLIAM STARR (Founder/Executive Director)
  • JARRETT COLLINS (CEO)

Highest reported compensation

  • WILLIAM STARR (Founder/Executive Director): $641,846 total reported compensation
  • JARRETT COLLINS (CEO): $403,667 total reported compensation
  • JENNIFER SCHACHTER (VP TECHNOLOGY & DIGITAL EXPERIENCE): $284,878 total reported compensation

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

Overview

Mission

The PMC’s mission is to raise funds for cancer research and treatment at Dana-Farber Cancer Institute, and 100% of every rider-raised dollar goes directly to Dana-Farber. Jennifer Schachter is the Vice President of Technology & Digital Experience for the PMC, focusing on advancing the technological strategy in support of the organization’s vision and mission. An industry veteran with over 20 years of experience in product management and product innovation spanning numerous industries from CAD/CAM to haptics, robotics, and health tech, Jennifer brings expertise in defining product vision and strategy, roadmap development, and applying design thinking to the user experience. Jennifer’s curious nature makes her a lifelong learner and natural born problem solver who in her spare time is as comfortable out cycling on the road as she is rowing on the Charles River.

What it reported doing in 2024

Annual bike-a-thon - approximately 7,000 cyclists ride and raise money for cancer research and treatment, for the jimmy fund at the dana-farber cancer institute in boston, Massachusetts. It is reported that pmc's cycling fundraiser is the most successful athletic fundraising event, in terms of dollars raised, in the country.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Accountability: 96
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.1%; rating input score 92
  • Program expense ratio: 92.7%; rating input score 93
  • Fundraising efficiency: $31.93 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 42nd 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: 1.1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 14th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 92.1% of revenue deployed · 92.7% of spending went to programs
  • Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $75M in reported program spending
  • Leadership: top reported pay $642K · 20 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $323K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 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: 8 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.

  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.