PACERS FOUNDATION INC

EIN: 351908365 501(c)(3) Philanthropy & Grantmaking

INDIANAPOLIS, IN

Total Revenue
$13,767,015
Total Expenses
$1,005,490
Total Assets
$14,389,980
Net Assets
$14,290,419
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
Principal Officer
MATT ALBRECHT
Phone
3179172540
Tax Period
2023-07-01 to 2024-06-30

PACERS FOUNDATION INC, founded in 1993, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.8M in total revenue in fiscal year 2023. Revenue surged 1502% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.8M, a strong 93% operating margin.

Mission

THE FOUNDATION IS DEDICATED TO RAISING FUNDS IN SUPPORT OF YOUTH-ORIENTED CHARITIES AND PROGRAMS ACROSS THE STATE OF INDIANA. IT SEEKS TO DRAW ON THE ENERGY, TEAM PRIDE, AND SPIRIT OF SELFLESSNESS THAT CHARACTERIZE PACER BASKETBALL TO HELP MAKE A DIFFERENCE FOR YOUNG PEOPLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,517,275
Program Service Revenue $0
Investment Income $249,209
Other Revenue $531
TOTAL REVENUE $13,767,015

Expense Breakdown

Grants Paid $398,396
Salaries & Benefits $85,299
Fundraising Expenses $34,119
Program Expenses $888,740
Other Expenses $521,795
TOTAL EXPENSES $1,005,490

Year-over-Year Comparison

2023 2022 Change
Revenue $13,767,015 $859,610 +15.0%
Expenses $1,005,490 $417,071 +1.4%
Net Income $12,761,525 $442,539 +27.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
3
Employees
N/A
Volunteers
35

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$88,588
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL SIMON CHAIR 1.00
Officer Director
$0 $0 $0
MEL RAINES VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATT ALBRECHT TREASURER 1.00
Officer Director
$0 $0 $0
COREY WILSON EXECUTIVE DIRECTOR/SECY. 10.00
Officer Director
$0 $0 $0
CINDY SIMON SKJODT BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LAKE BOARD MEMBER 1.00
Director
$0 $0 $0
DANNY LOPEZ BOARD MEMBER 1.00
Director
$0 $0 $0
QUINN BUCKNER BOARD MEMBER 1.00
Director
$0 $0 $0
RICK FUSON BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY ELLIS-WARD BOARD MEMBER 1.00
Director
$0 $0 $0
RICO FRANCIS BD. MBER, SOCIAL IMPACT DIR. 1.00
Director
$81,836 $6,752 $88,588
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $13,767,015 $1,005,490 $14,389,980 $12,761,525
2023 $859,610 $417,071 $1,495,172 $442,539
2022 $285,364 $307,577 $948,029 $-22,213
2021 $190,337 $245,307 $1,167,246 $-54,970
2020 $413,921 $396,581 $1,183,969 $17,340
2019 $418,740 $481,652 $1,142,308 $-62,912
2018 $472,959 $546,922 $1,206,140 $-73,963
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