Platinum Cheer Association
Nonprofit profile at a glance
- EIN
- 823738225
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2017
- Location
- Homer Glen, IL, USA
- Phone
- 7086386958
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $635,009
- Expenses
- $568,682
- Assets
- $129,787
- Liabilities
- $101,200
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- Claudia DeSantis (Director): $17,220 total reported compensation
- Lisa Lechtenberg (Director): $12,640 total reported compensation
- Phyllis Sweeney (Director): $10,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Platinum Cheer is an organization offering competitive recreational cheer. Cheerleading enhances character, independence and social interaction in addition to maximizing each individuals potential. It is the mission of Platinum Cheer to develop each athlete physically and socially through competitive recreational cheer and to create role models and individuals with a sense of leadership within the surrounding communities. We now run full year to keep the athletes in the gym and active.
What it reported doing in 2024
Uniforms, jackets, warmups, backpacks
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 6
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 10.4%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 38.2% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 25.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 22% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 6 board members independent · 1 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $528K in reported program spending
- Leadership: top reported pay $17K · 6 people listed
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.