PNWH Vintage Racing Charities

Nonprofit profile at a glance

EIN
823957522
IRS 990-EZ coverage
2018–2023
Forms available
Form 990-EZ 2023
Location
Renton, WA, USA
Phone
2062903941
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$93,060
Expenses
$97,296
Assets
$26,221

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Eric Schlichte (President)
  • Doug Kirk (Vice President)

People named in this filing

  • Eric Schlichte (President)
  • Doug Kirk (Vice President)
  • Carol Bredeson (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The PNWH Racing Charities is a 501(c)(3) entity which was organized exclusively for the purpose of making charitable distributions to other qualifed 501(c)(3) organizations (or similar exempt organizations under future federal tax code). To accomplish this mission, the PNWH Vintage Racing Charities will plan, organize, and execute the event portion of the Annual Northwest Historics Vintage Motor Races and explore related opportunityes with the same goal.

What it reported doing in 2023

During the 2023/2024 fiscal year, the PNWH Vintage Racing Charities planned, organized, and executed the event portion of the 36th Annual Northwest Historic Vintage Motor Races as per our mission statement. During this fiscal year, we made a $35,299 donation to the Seattle Children's Hospital and a $5,175 donation to the Veterans of Foreign Wars. We were able to set aside enough money to ensure the continued operation of our organization for the foreseeable future.

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
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

SUPPORTED - 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: 49
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.2%; rating input score 50
  • Program expense ratio: 48%; rating input score 48

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.6%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 19; 19th 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: 48.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: -17.5% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 50.2% of revenue deployed · 48% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $47K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2018 to 2023
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.