KEYSTONE DEVELOPMENT PARTNERSHIP (EIN 201116318) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

ANGELA FERRITTO

Phone

7172312861

Tax Period

2024-07-01 to 2025-06-30

KEYSTONE DEVELOPMENT PARTNERSHIP, founded in 2004, is a small nonprofit in the Employment sector that reported $953K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $895K left a modest 6% surplus.

Mission

KEYSTONE DEVELOPMENT PARTNERSHIP IS DEDICATED TO DEVELOP OR ENHANCE LABOR/MANAGEMENT PARTNERSHIPS BY ENGAGING WORKING MEN AND WOMEN AND THEIR EMPLOYERS IN CREATING WORK FORCE DEVELOPMENT SOLUTIONS BY ACCESSING THE RESOURCES NEEDED TO ENSURE SUSTAINABLE ECONOMIC GROWTH FOR THE COMMONWEALTH OF PENNSYLVANIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $540,256

Program Service Revenue $412,443

Investment Income $0

Other Revenue $0

TOTAL REVENUE $952,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,822

Fundraising Expenses $30,342

Program Expenses $753,428

Other Expenses $357,876

TOTAL EXPENSES $894,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,699	$713,780	+0.3%
Expenses	$894,698	$663,752	+0.3%
Net Income	$58,001	$50,028	+0.2%

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

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

$630,925

Total Directors

$526,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TKACH	EXECUTIVE DIRECTOR	40.00	Officer	$103,972	$0	$103,972
ANGELA FERITTO	CHAIRPERSON	1.00	Officer Director	$0	$59,279	$254,950
GEORGE PIASECKI	TREASURER UNTIL 4/2024	1.00	Officer Director	$0	$30,381	$95,497
MAURICE COBB	TREASURER FROM 4/2024	1.00	Officer Director	$0	$52,596	$176,506
DENNIS AFFINATI	DIRECTOR	1.00	Director	$0	$0	$0
ROB BAIR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE DIRENNA	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE HALL	DIRECTOR	1.00	Director	$0	$0	$0
JIM HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOE LAQUARTRA	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VICENTE	DIRECTOR	1.00	Director	$0	$0	$0
MATT YARNELL	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL YOUNG IV	DIRECTOR	1.00	Director	$0	$0	$0

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	$952,699	$894,698	$736,305	$58,001
2024	$713,780	$663,752	$628,920	$50,028
2023	$762,727	$744,748	$613,705	$17,979
2022	$1,916,734	$1,894,564	$957,311	$22,170
2021	$1,148,077	$995,429	$537,820	$152,648
2020	$987,623	$932,127	$634,736	$55,496
2019	$623,590	$612,642	$332,502	$10,948

KEYSTONE DEVELOPMENT PARTNERSHIP