Panacetacea
Nonprofit profile at a glance
- EIN
- 272514795
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Saint Paul, MN, USA
- Phone
- 3604814616
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $48,034
- Expenses
- $52,944
- Assets
- $179,664
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Kristin Rasmussen (President)
- Matthew Leslie (Vice President)
People named in this filing
- Kristin Rasmussen (President)
- Laura May-Collado (Secretary/Treasurer)
- Matthew Leslie (Vice President)
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
Panacetacea conducts marine research on whales and dolphins in Panamanian waters. Results from our data is made available to the public and government agencies to inform conservation measures.
What it reported doing in 2024
Southern Humpback Whale Monitoring Project, Gulf of Chiriqui, Panama: In 2024 we conducted 25 surveys between 29 July and 29 August and covered 1,914km. We sighted 120 groups of humpback whales, for a total of 234 individuals, including 61 calves. We obtained 86 identification photographs of humpback whales, representing 83 individuals. We collected 116 humpback whale tissue samples to be used for genetic and hormone analysis. We also dedicated 7 days to Bryde's whales and made 6 Bryde's whale sightings and collected 1 Bryde's whale tissue sample. We conducted two community outreach talks to educate local naturalists and captains about best practices for whale watching, and one talk to a local community to educate them on marine conservation issues. The team included two biologists from the US, one from Mexico, one from Panama, and two student interns from the US.
Operating model
- Revenue model
- Donor-supported. 94% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 52
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.9%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -10.2%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 3.39; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -13.3% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -34.4% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -2.1% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $51K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.