PACERS FOUNDATION INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $592,788

CHARITABLE DONATIONS ARE AWARDED TO VARIOUS 501(C)(3) GROUPS THAT ARE COMMITTED TO MAKING A DIFFERENCE IN THE LIVES OF INDIANA'S YOUTH BY ENCOURAGING THEM TO SET PERSONAL GOALS AND ACTUALIZE THEIR...

CHARITABLE DONATIONS ARE AWARDED TO VARIOUS 501(C)(3) GROUPS THAT ARE COMMITTED TO MAKING A DIFFERENCE IN THE LIVES OF INDIANA'S YOUTH BY ENCOURAGING THEM TO SET PERSONAL GOALS AND ACTUALIZE THEIR DREAMS.

Program 2

Expenses: $295,952

MATH HOOPS IS A FOUR-YEAR INITIATIVE THAT ALIGNS A STATEWIDE FOCUS BY EDUCATION, BUSINESS AND CIVIC LEADERS TO STRENGTHEN ACCESS TO QUALITY STEM EDUCATION. DATA SHOWS PERSISTENT GAPS IN MATH...

MATH HOOPS IS A FOUR-YEAR INITIATIVE THAT ALIGNS A STATEWIDE FOCUS BY EDUCATION, BUSINESS AND CIVIC LEADERS TO STRENGTHEN ACCESS TO QUALITY STEM EDUCATION. DATA SHOWS PERSISTENT GAPS IN MATH PROFICIENCY, PARTICULARLY FOR LOWER-INCOME STUDENTS, EVEN AS MORE CAREERS DEMAND GREATER MASTERY OF STEM SUBJECTS. THE NBA MATH HOOPS PROGRAM HAS DEMONSTRATED SUCCESS OVER TIME IN IMPROVING OUTCOMES IN CITIES WHERE IT HAS BEEN IMPLEMENTED THROUGH SCHOOLS AND COMMUNITY ORGANIZATIONS.

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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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

$88,588

Key Employees

Highest Compensated

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