Team Frosty

Nonprofit profile at a glance

EIN
932927462
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Hermosa Beach, CA, USA
Phone
3109369881
Rating
91
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$69,532
Expenses
$100,487
Assets
$57,326

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GREGORY WATERS (PRESIDENT/CE)

People named in this filing

  • GREGORY WATERS (PRESIDENT/CE)
  • NICHOLAS ARQUETTE (SECRETARY)
  • ANNA WEBER (TREASURER/CF)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the foster family and other beach cities residents suffering from als, to help raise als awareness and educate the public about als, and to support als research and advocacy.

What it reported doing in 2025

-support for the foster family. Mike foster was diagnosed with als in 2020. The life expectancy for the usual als patient is 3-5 years from diagnosis. We have been lucky. But luck, being what it is, is running out. In order to address the worsening of his disease, team frosty paid a total of 85,671.21 to the foster family for medications not covered by insurance, a hospital bed, an ambulance fee copay, and ada home modifications to finish bathroom and rest of house. We also paid 1,000 to the als network to help cover the cost of a wheelchair ramp for an als victim and we paid 4,505.00 to another als victim.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 17
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.7%; rating input score 91

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: -44.5%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 66% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -68.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -42.5% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $91K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Operating margin scored 13/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.