Civic Intelligence

Packard Automobile Classics Inc

990 • Fiscal year 2024 • EIN 31-1362569

Dec 01, 2023 to Nov 30, 2024 • Filed on Feb 14, 2025

Organization ProfileWWW.PACKARDCLUB.ORG
851 NW 45th St Suite 306Kansas City, MO 64116-4613

(816) 842-7878

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

31%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$229,425

Up $7,562 (+3.4%) from 2022

Net Assets

Up

$224,112

Up $3,779 (+1.7%) from 2022

Liabilities

Up

$5,313

Up $3,783 (+247%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin72nd percentile

Revenue

Up

$233,197

Up $12,747 (+5.8%) from 2022

Expenses

Down

$203,878

Down $22,070 (-9.8%) from 2022

Net Income

Up

$29,319

Up $34,817 (+633%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2018: $229,175Liabilities 2018: $1,101Net Assets 2018: $228,0742018Assets 2021: $226,250Liabilities 2021: $419Net Assets 2021: $225,8312021Assets 2022: $221,863Liabilities 2022: $1,530Net Assets 2022: $220,3332022Assets 2024: $229,425Liabilities 2024: $5,313Net Assets 2024: $224,1122024Assets 2025: $175,836Liabilities 2025: $7,127Net Assets 2025: $168,7092025

Highlighted filing

2024

Assets$229,425
Liabilities$5,313
Net Assets$224,112
Open 2024 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $174,077Expenses 2018: $175,281Net Income 2018: -$1,2042018Revenue 2021: $169,618Expenses 2021: $180,196Net Income 2021: -$10,5782021Revenue 2022: $220,450Expenses 2022: $225,948Net Income 2022: -$5,4982022Revenue 2024: $233,197Expenses 2024: $203,878Net Income 2024: $29,3192024Revenue 2025: $243,284Expenses 2025: $298,687Net Income 2025: -$55,4032025

Highlighted filing

2024

Revenue$233,197
Expenses$203,878
Net Income$29,319
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$233,197
Mission and Program Overview

Mission

Advancement of the maintenance, preservation, authentic restoration and use of packard motor vehicles

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$104,980$95,322▼ $9,658
Inventories for Sale or Use$67,458$62,903▼ $4,555
Other Notes and Loans Receivable, Net$7,531$42,679▲ $35,148
Cash and Non-Interest-Bearing Accounts$15,680$28,521▲ $12,841
Total Assets$195,649$229,425▲ $33,776
Liabilities
Accounts Payable and Accrued Expenses$856$5,313▲ $4,457
Total Liabilities$856$5,313▲ $4,457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,580$223,899▲ $29,319
Net Assets With Donor Restrictions$213$213→ $0
Total Net Assets Fund Balance$194,793$224,112▲ $29,319
Total Liabilities and Net Assets / Fund Balance$195,649$229,425▲ $33,776
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Craig HandleyPresident
Amanda Phil CramerTrustee
Andy MylinTrustee
Barbaraanna KefalonitisTrustee
Bill JohnsonTrustee
Bob RobbTrustee
Bob TellerTrustee
Bruce BlevinsTrustee
Bruce GrabenkortTrustee
Christopher SlaterTrustee
Dale MeeseTrustee
Donald TacconeTrustee
Doug MooreTrustee
Dudley MorrisonTrustee
Earl RubensteinTrustee
Gary ThomasTrustee
Gene StoutTrustee
George HamlinTrustee
Hal HermannTrustee
Jan and Paul GrantTrustee
Jay HubbardTrustee
Jeff MihalyTrustee
Joe HopkinsTrustee
Joel RayTrustee
John KefalonitisTrustee
John MacarthurTrustee
Leon DixonTrustee
Mark AllisonTrustee
Mark ObermannTrustee
Mark P WilsonTrustee
Mark SmuckerTrustee
Marvin KingTrustee
Pat AldrichTrustee
Paul DelaneyTrustee
Rich WaltersTrustee
Ross MillerTrustee
Royce BaierTrustee
Steve ChristyTrustee
Stuart BlondTrustee
Tom BraceTrustee
Tommy BaccaroTrustee
Stella Pyrtek-blondSecretary
Greg TitusTreasurer
Clint MooreVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$187,715
Program Service Revenue
$41,125
Investment Income
$4,357
Other Revenue
$0
All Other Contributions
$373
Change in Net Assets
$29,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$136,825$5,824-$142,649
Fees for Services Management-$17,063-$17,063
Fees for Services Accounting-$10,998-$10,998
Insurance$9,630--$9,630
Conferences and Meetings$8,227--$8,227
Other Expenses$6,891--$6,891
Information Technology$4,862--$4,862
Advertising$2,560--$2,560
Fees for Services Legal-$998-$998
Total Functional Expenses$168,995$34,883$0$203,878
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The treasurer will review the 990 begfore filing.”

Form 990, Page 6, Part VI, Line 19

“Any required documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Packard Automobile Classics Inc
EIN
31-1362569
Phone
8168427878
Address
851 NW 45TH ST SUITE 306, KANSAS CITY, MO 64116-4613

Signing Officer

Name
Greg Titus
Title
Treasurer
Phone
7755309769
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Titus
Formed
1953
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Horizon CPA Services Pc
Address
851 NW 45TH STREET SUITE 306, KANSAS CITY, MO 64116-4613
Preparer
Michael B Richards CPA
Phone
8168427878
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Printed publications and internet dissemination of packard automobile history, restoration and preservation.”

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Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$229,425
Liabilities
$5,313
Net assets
$224,112
Revenue
$233,197
Expenses
$203,878
Net income
$29,319
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.07$1.69$2.43$2.99$0.55
2024Detailed filing. Detailed filing data is available for this year.$2.29$0.05$2.24$2.33$2.04$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.02$2.20$2.20$2.26$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.00$2.26$1.70$1.80$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.01$2.28$1.74$1.75$0.01