Project Athena Foundation

Nonprofit profile at a glance

EIN
061818480
IRS 990-EZ coverage
2010–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Cardiff, CA, USA
Phone
6193680600
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$223
Expenses
$670
Assets
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Robyn Benincasa (CEO)

People named in this filing

  • Robyn Benincasa (CEO)
  • Kristin H Verdeck (CFO)
  • Louise Cooper (COO)

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

To help survivors of medical and/or traumatic challenges reach new athletic goals and achieve their adventurous dreams.

What it reported doing in 2024

During 2024, Project Athena Foundation (California entity, EIN 06-1818480) concluded its charitable activities and did not initiate any new programs. All remaining charitable assets were used on expenditures relating to the wind-down process, such as accounting, legal, and administrative costs. Program responsibilities and continuing operations were transferred to Project Athena Foundation (Arizona entity, EIN 87-1497738), which continues to carry out the organizations exempt mission. The California entity ceased operations on December 31, 2024 and has initiated dissolution with the California Secretary of State and the Office of the Attorney General.

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
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -200.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd 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: -15.2% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -7.5% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $670 in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.