Zone 2 Porsche Club of America Inc

Nonprofit profile at a glance

EIN
271979520
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Williamsburg, VA, USA
Phone
2014002929
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreational l Clubs

Official website

Reported finances

Revenue
$125,090
Expenses
$180,059
Assets
$0
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • PHIL GRANDFIELD (PRESIDENT)

People named in this filing

  • PHIL GRANDFIELD (PRESIDENT)
  • GEORGE MICHAELS (SECRETARY)
  • ROBERT BALASCIO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization provides driver education to members and non-members of the porsche club of america and club and racing activities to members of the porsche club of america. The principal objective of driver education events is to provide participants with on-track driving experience in the participants own vehicle to include the following:1. Experience with vehicle handling under extreme braking and acceleration2. Experience with vehicle handling dynamics under increased and high speed maneuvering3. Vehicles are mechanically inspected by trained and approved inspectors to determine that participant's vehicles are in good working order, especially brakes, tires, suspension, helmet and restraints.4. Driving instructors, specially approved by the porsche club of america are available for one-on-one help for the participant. Instructors help the participant learn their way around the track and provide feedback as vehicle speed increases and vehicle dynamics change.

What it reported doing in 2024

Club racing: porsche club of america club racing is an organized national race series for porsche owners. The rules are similar to vintage racing. The event is wheel-to-wheel racing for qualified drivers, all of whom must be members of porsche club of america.club racing is a national series organized geographically by the regions or group of regions (zones) of the porsche club of america. Although a national series, each organizer (region or zone) has financial and organizational responsibility for their race.the zone 2 club race is held in march each year over a 3-day weekend (friday-sunday) at Virginia international raceway (vir) in alton, va. Zone 2 rents the track from vir for this event and promotes the event through mailings to pca club race drivers on a national basis and at the local or region level. The goal is to attract a sufficient number of participants to cover the track rental and other operating costs and to make a small profit. A portion of the proceeds from club racing is to support the charitable activities of various non-profit organizations.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

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: 88
  • Transparency & Controls: 90
  • Accountability: 18
  • Sustainability: 11
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.8%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 7th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -43.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -2.9% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -3% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -5.9% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.8% of spending went to programs
  • Governance: 0 of 11 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $174K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.