Pants Off Racing
Nonprofit profile at a glance
- EIN
- 453623583
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Hermosa Beach, CA, USA
- Phone
- 3109031523
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $75,614
- Expenses
- $54,947
- Assets
- $54,947
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Patrick Amato (President)
People named in this filing
- Patrick Amato (President)
- Chris Hendricks (Counsel)
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
Providing direct assistance to individuals, and their families, when they are impacted by pancreatic cancer. We receive referrals for people that are diagnosed with cancer and help them financially and with emotional support. We share our resources with the patient's advocate to help layout a game plan for the patient.
What it reported doing in 2024
Paid the shop to fix her power steering so she could get to her appointments for treatment. She was spending $ on a rental car.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 4
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4%; rating input score 4
- Program expense ratio: 5.5%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 27.3%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 4% of revenue deployed · 5.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $3K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 6 of 8 current checks pass · 2 findings to review
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 4/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.