Pursuit Racing Inc
Nonprofit profile at a glance
- EIN
- 874646495
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Cicero, NY, USA
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $24,143
- Expenses
- $22,829
- Assets
- $2,040
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Benjamin White (President)
People named in this filing
- Benjamin White (President)
- Thomas Klaben Jr (Treasurer)
- Jeff Dugan (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster national or international amateur sports competition in cycling, provided that no part of the Corporation's activities include the provision of facilities or equipment, and promoting, funding, supporting or hosting camps, clinics, workshops, lessons and/or other educational, coaching or instructional opportunities to instruct or educate amateur cyclists or cycling teams of any age.
What it reported doing in 2024
To foster national or international amateur sports competition in cycling, provided that no part of the Corporation's activities include the provision of facilities or equipment, and promoting, funding, supporting, or hosting camps, clinics, workshops, lessons and/or other educational, coaching or instructional opportunities to instruct or educate amateur cyclists or cycling teams of any age.
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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.2%; rating input score 94
- Program expense ratio: 99.6%; 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: 5.4%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 11; 11th 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: 84.1% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 79.3% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -8.9% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 94.2% of revenue deployed · 99.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 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 — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Sustainability: Operating margin scored 55/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.